Special Features
UAE Financial Market News
03 March 2010. The ADX rose but the DFM fell, with volumes seemingly lower and lower every day. And it’s not even summer time yet. On the Nasdaq Dubai at 1430 UAE time, DP World is up 0.53% to $0.379, with traded value so far today almost as much as the total for the ADX or DFM.Dubai Financial Market
Dubai stocks fell 0.96% to 1573 points from just AED 106m worth of trades, with Emaar Properties (EMAAR) the most active stock, down 1.7% to 2.94 from AED 29m worth. Arab Insurance Group (ARIG) fell 7.0% from just two trades, HITS Telecom was the worst of the losers trading more than AED 1m (just barely), down 4.85% to 1.57
Arab International Logistics (ARMX) fell 2.9%, Shuaa Capital (SHUAA) 2.6%, Gulf Finance House (GFH) and Deyaar Development (DEYAAR) 2.2%, and the other losers were down less than 2%. There were only two gainers, the two Al Salam Bank listings, but neither traded more than AED 100k worth.
Abu Dhabi Securities Exchange
Abu Dhabi stocks gained a modest 0.21% to close at 2731 points, with trading levels low at AED 85m worth of deals. First Gulf Bank (FGB) was in the top spot on volume for a change, up 3.2% to 17.80 although that was from just AED 20m. Top gainer was Finance House (FH) with an 8.6% rise despite a 10% limit down closing price of AED 6.60. National Corporation for Tourism & Hotels (NCTH) was the best of the more actively traded stocks, up 6.25% to 8.50, Waha Capital (OILC) rose 1.1%.
National Bank of Abu Dhabi (NBAD) 0.4%, and the other gainers rose on low volumes. Ras Al Khaimah Cement (RAKCC) was the worst of the more active losers, down 1.8% to 1.10, followed by Aldar Properties (ALDAR), down 1.7%, and Dana Gas (DANA), down 1.2%. The other losers fell less than 1% or on low volumes. Emirates Telecom (ETISALAT) closed unchanged at 12.05.
