Special Features
UAE Financial Market News
28 March 2010. UAE stocks saw another solid day of trading in the green, led by Arabtec in Dubai, and Aldar in Abu Dhabi. On the Nasdaq Dubai at 1415 UAE time, DP World is up 2.4%, and Depa is up 1.4%.Dubai Financial Market
Dubai stocks rose 1.9% to 1881 points from trading worth AED 1.4 billion, with Emaar Properties (EMAAR) the most active stock, rising 1.2% to 4.12 from AED 611m worth. Arabtec (ARTC) was the top gainer, rising 11.6% to 2.59 on solid volumes of AED 434m. Dubai Financial Market (DFM) shares were the only others with more than AED 100m worth of trading, up 1.55% to 1.97 from AED 170m. National General Cooling (TABREED) rose 4.1%.
Emirates NBD (ENBD) was up 3.6%, and the other gainers were up less than 3%, except for Gulf General Investment (GGICO), up 4.4% on low volumes. There were 5 losers, with only Al Madina Finance (ALMADINA), down 2.3%, and HITS Telecom, down 0.77%, trading more than AED 1m worth.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.87% to 2929 points from turnover of AED 336m with Aldar Properties (ALDAR) the most active stock, and the top gainer, closing 10% limit up at 4.75 from AED 119m worth of deals. Sorouh Real Estate (SOROUH) rose 5.4%, Abu Dhabi Commercial Bank (ADCB) was up 4.0%, Arkan Building Materials (ARKAN) 3.8%.
Aabar Energy (AABAR) 3.0%, and the remaining gainers were up less than 2% or unchanged. National Bank of Abu Dhabi (NBAD) rose 0.85%, and Emirates Telecom (ETISALAT) closed unchanged. In the list of 7 losers, only Abu Dhabi National Hotels (ADNH) saw trading of more than AED 1m (only just), and fell 1.1%.
