Special Features
UAE Financial Market News
23 March 2010. UAE stocks were up but on modest trading levels. On the Nasdaq Dubai at 1415 UAE time, DP World is up 1.9% to US$0.479, and Depa is unchanged at US$0.660.Dubai Financial Market
Dubai stocks rose 0.74% to 1776 points from AED 501m worth of deals, with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, unchanged at 3.77 from AED 275m worth. Emirates NBD (ENBD) was the top gainer, up 3.5% to 2.95, Shuaa Capital (SHUAA) increased by 2.4% but from low volumes, Arab International Logistics (ARMX) rose 2.2%.
Drake & Scull (DSI) 2.1%, and the other gainers were up less than 2%. Except for a single small trade in Global Investment House (GLOBAL), Ajman Islamic Bank (AJMANBANK) was the worst loser, down 2.4% to 0.82, HITS Telecom fell 2.3%, Gulf General Investment (GGICO) 2.1% from just one small trade, National General Cooling (TABREED) 2.0%, and the other losers were down less than 2%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.14% to 2860 points from AED 105m of turnover with Aldar Properties (ALDAR) the most active stock, down 0.24% to 4.17 from AED 26m worth. Agthia Group (AGTHIA) was the best of the more active gainers, up 2.5% to 2.08, Emirates Telecom (ETISALAT) rose 0.80%, Abu Dhabi Commercial Bank (ADCB) 0.53%, First Gulf Bank (FGB) 0.29%, and the other gainers all traded on less than AED 1m worth.
Union National Bank (UNB) was the worst loser, down 3.85% to 3.22, Aabar Energy (AABAR) fell 1.8%, Waha Capital (OILC) and Ras Al Khaimah Cement (RAKCC) were down just over 1%, and the other losers fell less than 1% or on low volumes, including National Bank of Abu Dhabi (NBAD), down 0.4% to 12.35.
