Special Features
UAE Financial Market News
04 March 2010. Another unexciting day on the UAE markets, except for a good gain for DP World, with low volumes, and half the turnover accounted for by trading in Emaar (up) and Aldar (down). On the Nasdaq Dubai at 1515 UAE time, DP World is up by 8.2%, and Depa is down by 2.3%.Dubai Financial Market
Dubai stocks rose 0.74% to 1585 points from AED 99m worth of trading with Emaar Properties (EMAAR) shares making up most of that, up 1.7% to 2.99 from AED 43m. HITS Telecom was the best gainer, up 5.7% to 1.66, Shuaa Capital (SHUAA) rose 2.7%.
Deyaar Development (DEYAAR) and Al Madina Finance (ALMADINA) were up 2.2%, and the other gainers were up less than 2% or on low volumes. There were only 4 losers, none trading more than AED 1m. Several stocks were unchanged, including Dubai Financial Market (DFM), Air Arabia (AIRARABIA), and Arab International Logistics (ARMX).
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell slightly, down 0.14% to 2727 points from AED 98m worth of trading with just over half of that in Aldar Properties (ALDAR), down 2.3% to 3.44 from AED 52m worth. Ras Al Khaimah Cement (RAKCC) was 10% limit down to 0.99 (ex-dividend?), Abu Dhabi National Hotels (ADNH) fell 3.2%, and the other losers were down less than 2% or on low volumes.
Waha Capital (OILC) was the best of the more active gainers, up 1.1% to 0.92, and the others were up less than 1% or on less than AED 1m worth of deals. Emirates Telecom (ETISALAT) was up 0.42%, and National Bank of Abu Dhabi (NBAD) was unchanged.
