Special Features
UAE Financial Markets News
4 November 2009. The ADX was up by just 0.1% to 2951 points from AED 300m. Volatility continued in Dubai with the index up 3% to 2138 points from AED 679m worth of trading, with many of the more active stocks rising by more than 3%. On the Nasdaq Dubai at 1415 UAE time, DP World is unchanged, Depa is up 3.6%, Boulder Steel is down 18%, and a couple of DFM derivatives have traded in the green.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock in Dubai and almost at the top of the gainers list, rising 6.2% to 4.30 from AED 320m worth of deals. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m, rising 5.7% to 2.23 from AED 138m worth. Kuwait Finance and Investment (KFIC) was the top gainer, 15% limit up, but from just one small trade. Shuaa Capital (SHUAA) was the top gainer on turnover of more than AED 1m, up 7.7% to 1.82. Most stocks were in the green today, including Union Properties (UPP) up 5.4%, Gulfa Mineral Water (GULFA) 5% limit up from thin trading, Arab International Logistics (ARMX) up 4.3%, Gulf Navigation (GULFNAV) up 4.2%, Arabtec (ARTC) up 3.95%, and the remainder up less than 4% or on low volumes.
There were only two losers: National Cement Company (NCC) 5% limit down to 3.23, and Al Madina Finance (ALMADINA) down 0.87%, both stocks trading low volumes.
Abu Dhabi Securities Exchange
Bank of Sharjah (BOS) was a surprise in Abu Dhabi as the most active stock, rising 1.05% to 1.99 from AED 87m worth of deals - but there were only 6 trades. Sorouh Real Estate (SOROUH) was in second place by turnover, with AED 82m worth and falling 0.3% to 3.26. Ras Al Khaimah Cement (RAKCC) was the best of the more active gainers, rising 2.6% to 1.22, Abu Dhabi Islamic Bank (ADIB) rose 2.0%, National Bank of Abu Dhabi (NBAD) 1.9%, Aldar Properties (ALDAR) 1.7%, and the other gainers were up less than 2% or on low volumes. Emirates Telecom (ETISALAT) was up 0.43% to 11.55. In the losers’ list, Fujairah National Bank (NBF) and Finance House (FH) closed 10% limit down from low volumes, and Aabar Energy (AABAR), Methaq Islamic Insurance (METHAQ), and Sorouh were the only losers trading more than AED 1m worth - all three fell less than 0.50%.
