Special Features
UAE Financial Market News
18 March 2010. Dubai stocks finished the week in the green but Abu Dhabi stocks fell today. On the Nasdaq Dubai at 1545 UAE time, DP World is up 2.2%, Depa is unchanged, and Damas is down 8.1%.Dubai Financial Market
Dubai stocks rose 0.49% to 1726 points with turnover down from earlier this week at AED 392m. Emaar Properties (EMAAR) was the most actively traded stock, and the only one trading more than AED 100m worth, up 1.1% to 3.67 from AED 186m worth of deals. Gulf Navigation (GULFNAV) was the best of the more active gainers, up 3.3% to 0.62, National General Cooling (TABREED) rose 2.1%.
Dubai Investment Company (DIC) 2.0%, and the other gainers were up less than 2% or on low volumes. There were 7 losers with Al Madina Finance (ALMADINA) the worst of the more actively traded companies, down 4.4% to 0.86. Air Arabia (AIRARABIA) and Dubai Islamic Bank (DIB) were the only other losers trading more than AED 1m worth, both down less than 1%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.62% to 2832 points from AED 164m worth of deals with Aldar Properties (ALDAR) the most actively traded stock, down 0.24% to 4.16 from AED 90m. Ras Al Khaimah White Cement (RAKWCT) was the worst loser with a 10% limit down close.
Abu Dhabi Commercial Bank (ADCB) fell 4.8%, Sorouh Real Estate (SOROUH) was down 3.2%, and most other stocks fell less than 3% or on low volumes. There were only 7 gainers, and only Abu Dhabi National Energy (TAQA) and Emirates Telecom (ETISALAT) traded more than AED 1m, both up less than 1%.
