Special Features
UAE Financial Market News
24 March 2010. The DFM fell and the ADX rose, both markets trading at modest levels of turnover. On the Nasdaq Dubai at 1530 UAE time, DP World is down 2.1%, and Depa is unchanged.Dubai Financial Market
Dubai stocks fell 0.41% to 1769 points from AED 322m worth of trading, with Emaar Properties (EMAAR) the most active stock, down 0.80% to 3.74 from AED 181m worth. Dubai Investment Company (DIC) was the worst of the more actively traded companies, down 3.0% to 0.98.
Al Madina Finance (ALMADINA) fell 2.25%, and the other losers were down less than 2% or on low volumes. Emarat Takaful Insurance (TAKAFUL-EM) was the best of the more active gainers, up 2.1% to 0.99, Arab International Logistics (ARMX) rose 1.1%, and the other gainers were up less than 1% or on thin trading.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.42% to 2872 points from AED 102m worth of trading, with Aldar Properties (ALDAR) the most active stock, and also the worst of the more active losers, down 2.8% to 4.12. Abu Dhabi National Hotels (ADNH) and Umm Al Quwain Cement (QCEM) were the top gainers with 10% limit up closing prices, but from low volumes. National Bank of Abu Dhabi (NBAD) was the best of the more active stocks, up 3.3% to 11.55, Emirates Telecom (ETISALAT) rose 0.40%, and the other gainers were up less than 2% or on low volumes.
Several stocks were unchanged, including Abu Dhabi Commercial Bank (ADCB), First Gulf Bank (FGB), Aabar Energy (AABAR), Abu Dhabi National Energy (TAQA), and Waha Capital (OILC). Ras Al Khaimah Properties (RAKPROP) fell 1.85%, Sorouh Real Estate (SOROUH) 1.2%, Dana Gas (DANA) 1.1%, Abu Dhabi Islamic Bank (ADIB) 0.66%, and the oth er losers traded on low volumes.
