Special Features
UAE Financial Market News
17 March 2010. UAE stocks fell with DFM and Emaar shares leading the way down on increased volumes. On the Nasdaq Dubai at 1530 UAE time, DP World is down 0.63%, Depa is down 1.4%, and Damas is up 8.8%.Dubai Financial Market
Dubai stocks fell 2.3% to 1718 points from increased turnover of AED 1.2 billion, with about half of that from trading in Emaar Properties (EMAAR), falling 4.5% to 3.63 from AED 530m worth. Dubai Financial Market (DFM) was the worst of the more active stocks, down 7.6% to 1.71 from AED 156m worth of trading.
Shuaa Capital (SHUAA) fell 4.6%, Dubai Islamic Insurance (AMAN) 4.3%, National General Cooling (TABREED) 4.0%, and the remaining losers were down less than 4% or on low volumes. Of the four gainers, only Emirates NBD (ENBD) and Air Arabia (AIRARABIA) traded more than AED 1m worth, both up less than 1%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.41% to 2849 points from AED 377m worth of trading with Aldar Properties (ALDAR) the most active stock, and the only one trading more than AED 100m worth, up 1.95% to 4.10 from AED 159m. Agthia Group (AGTHIA) was the top gainer, with the exception of a single small limit up trade for Ras Al Khaimah Poultry (RAPCO), rising 4.2% to 1.99. Abu Dhabi National Energy (TAQA) rose 4.1%, Aabar Energy (AABAR) and Ras Al Khaimah Cement (RAKCC) were up about 1%, and the other gainers rose less than 1% or on low volumes.
Commercial Bank International (CBI) was the worst loser, on much greater than usual volume, down 7.1% to 1.43 from AED 14.3m worth, although that was from just two trades totalling 10m shares. Methaq Islamic Insurance (METHAQ) fell 4.8%, Abu Dhabi Commercial Bank (ADCB) 4.1%, and the other losers were down less than 2% or on low volumes. Emirates Telecom (ETISALAT) fell 0.81%, and National Bank of Abu Dhabi (NBAD) fell 0.40%.
