Special Features
UAE Financial Market News
21 March 2010. UAE stocks started the week in the green with Emaar and DFM shares leading the way. On the Nasdaq Dubai at 1400 UAE time, DP World is the only stock traded, unchanged at US$0.470.Dubai Financial Market
Dubai stocks rose 2.8% to 1774 points from AED 717m worth of trading with over half of that in Emaar Properties (EMAAR), up 4.9% to 3.85 from AED 421m worth of deals. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m worth, and was also the top gainer, up 6.3% to 1.85 from AED 116m.
Dubai Investment Company (DIC) rose 5.9%, Al Madina Finance (ALMADINA) 4.65%, HITS Telecom 3.1%, and the remaining gainers were up less than 3% or on low volumes. There were 4 losers, Gulf Navigation (GULFNAV) down 1.6%, and Islamic Arab Insurance (IAIC), Al Salam Bank (SALAM_BAH), Gulf Finance House (GFH) all down about 1%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.91% to 2857 points from turnover of AED 132m with Aldar Properties (ALDAR) the most active stock, up 1.9% to 4.24 from AED 46m worth of deals. Union National Bank (UNB) was the best of the more active stocks, up 4.5% to 3.50, Abu Dhabi Commercial Bank (ADCB) rose 2.8%.
Agthia Group (AGTHIA) 2.05%, and the remaining gainers were up less than 2% or on low volumes. There were only six losers, with only Dana Gas (DANA), down 2.2%, and Abu Dhabi National Energy (TAQA), down 1.6%, trading more than AED 1m worth. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) were both up 0.81%.
