Special Features
UAE Financial Market News
22 March 2010.UAE stocks fell slightly today, led by Emaar and DFM shares. On the Nasdaq Dubai at 1415 UAE time, DP World is up 0.21%, and Depa is up 2.9%.Dubai Financial Market
Dubai stocks fell 0.63% to 1763 points from AED 570m worth of trading with over half of that in Emaar Properties (EMAAR) shares, down 2.1% to 3.77 from AED 328m worth. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m with a 2.2% fall to 1.81. Dubai Investment Company (DIC) was the worst of the more active losers, down 4.7% to 1.02.
Deyaar Development (DEYAAR) and National General Cooling (TABREED) each fell 2%, and the other losers were down less than 2% or on low volumes. Dubai National Insurance & Reinsurance (DNIR) was the best of the five gainers, 5% limit up but from just one small trade. Islamic Arab Insurance (IAIC) was the only gainer trading more than AED 1m worth, up 1.2% to 0.87.
Abu Dhabi Securities Exchange
Abu Dhabi stocks were down marginally, by 0.06% to 2856 points from turnover of AED 102m with about half of that from trading in Aldar Properties (ALDAR), down 0.47% to 4.17 from AED 48m worth. There were 16 losers but only two stocks besides Aldar saw trading of more than AED 1m worth, Sorouh Real Estate (SOROUH) and First Gulf Bank (FGB), both down less than 1%. National Bank of Abu Dhabi (NBAD) fell 0.40% on low volumes.
Finance House (FH) and International Fish Farming (ASMAK) were the top gainers with 10% limit up closing prices, but from just one small trade each. Waha Capital (OILC) rose 3.4%, Abu Dhabi Commercial Bank (ADCB) 2.7%, Dana Gas (DANA) 1.1%, and the other 4 losers were up about 1% or less, including Emirates Telecom (ETISALAT) up 0.40%.
