Special Features
UAE Financial Market News
16 March 2010. UAE stocks were mostly in the green on high turnover with some solid rises in Dubai including a limit up close for Union Properties. The Abu Dhabi index closed slightly in the red despite all the green arrows, due mostly to a fall in Etisalat. On the Nasdaq Dubai at 1445 UAE time, DP World is up 1.1%, and Depa is up 7.5%.Dubai Financial Market
Dubai stocks rose 2.1% to 1758 points from turnover of a solid AED 970m with Emaar Properties (EMAAR) the most actively traded stock, up 4.7% to 3.80 from AED 411m. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m worth, up 2.8% to 1.85. Union Properties (UPP) was the top gainer, 15% limit up at 0.52 with no sellers in the queue, Deyaar Development (DEYAAR) rose 8.7%.
National General Cooling (TABREED) 6.4%, Drake & Scull (DSI) 4.4%, and the remaining gainers rose less than 4%. HITS Telecom was the worst loser, down 4.35% to 1.32, Commercial Bank of Dubai (CBD) fell 3.2% from low volumes, and the other 5 losers were down about 1% or less.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell by 0.18% to 2861 points from turnover of AED 309m with Aldar Properties (ALDAR) the most active stock, up 2.0% to 4.14 from AED 121m worth of deals. Agthia Group (AGTHIA) was the top gainer of the more actively traded stocks, up 4.4% overall with a 10% limit up closing price at 1.99, Methaq Islamic Insurance (METHAQ) gained 3.9%.
Sorouh Real Estate (SOROUH) was up 3.35%, and the other gainers were up less than 3% or on thin trading, including National Bank of Abu Dhabi (NBAD) up 0.81% to 12.40. Emirates Telecom (ETISALAT) was the worst of the more active losers, down 1.6% to 12.30, and Abu Dhabi Commercial Bank (ADCB) was the only other stock trading more than AED 1m out of the nine losers, down 0.51% to 1.97.
