Special Features
UAE Financial Market News
29 March 2010. Dubai stocks fell sharply but Abu Dhabi stocks were relatively flat today. On the Nasdaq Dubai at 1500 UAE time, DP World is down 2.9%, Depa is down 1.4%, and Damas is up 9.3%.Dubai Financial Market
Dubai stocks fell 2.5% to 1833 points from trading worth AED 1.0 billion with Arabtec (ARTC) the most active stock for a change, down 1.5% to 2.55 with turnover at AED 412m. Emaar Properties (EMAAR) saw AED 336m worth of deals, and fell 3.9% to 3.96. Dubai Financial Market (DFM) was the worst of the more active losers, down 4.6% to 1.88, Deyaar Development (DEYAAR) fell 3.9%, Emirates NBD (ENBD) and Union Properties (UPP) 3.8%.
Islamic Arab Insurance (IAIC) and Gulf Navigation (GULFNAV) 3.3%, Arab International Logistics (ARMX) 3.1%, and the other losers were down less than 3% or on low volumes. There were only 5 gainers with Gulf Finance House (GFH) the best of the more actively traded shares, up 4.3% to 0.97, Ektitab Holding (EKTTITAB) rose 3.3%, Shuaa Capital (SHUAA) 0.75%, and the other two were up on less than AED 1m worth of trading each.
Abu Dhabi Securities Exchange
Abu Dhabi stocks were almost unchanged, the index up by 0.08% to 2932 points from turnover of AED 283m worth. Aldar Properties (ALDAR) was the most actively traded stock, up 0.21% to 4.62 from AED 97m worth of trading. Methaq Islamic Insurance (METHAQ) was the best of the more active gainers, up 3.3% to 2.79.
First Gulf Bank (FGB) rose 1.7%, Abu Dhabi Commercial Bank (ADCB) 1.4%, National Bank of Abu Dhabi (NBAD) 1.3%, Waha Capital (OILC) 1.1%, and the other gainers were up less than 1% or on low volumes. Agthia Group (AGTHIA) was the worst of the more active losers, down 3.85% to 1.95, Dana Gas (DANA) fell 1.8%, and the other losers were down less than 2% or on low volumes. Emirates Telecom (ETISALAT) was down 0.4% to 12.65.
