Special Features
UAE Financial Market News
04 April 2010. Dubai stocks mostly fell, while Abu Dhabi stocks were almost unchanged. On the Nasdaq Dubai at 1500 UAE time, DP World is down 0.57%, and Depa is unchanged.Dubai Financial Market
Dubai stocks fell 0.51% to 1850 points from AED 1.0 billion worth of trading, with Emaar Properties (EMAAR) the most active stock, down 0.98% to 4.04 from AED 410m. Dubai Financial Market (DFM) was the second most active stock, and one of only two gainers, up 3.1% to 1.98 from AED 266m worth.
Arabtec (ARTC) was the only other stock trading more than AED 100m worth, down 1.5% to 2.70. Apart from a single small trade in Arab Insurance Group (ARIG), Islamic Arab Insurance (IAIC) was the worst loser, down 5.3% to 0.90, Dubai Islamic Insurance (AMAN) fell 3.2%, and most other stocks fell less than 3%, or were unchanged.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose marginally by 0.04%, or just over one point, to 2861 points from turnover of AED 155m, with Aldar Properties (ALDAR) the most active stock, up 2.6% to 4.62 from AED 49m worth of deals. Methaq Islamic Insurance (METHAQ) was the top gainer, up 4.0% to 2.87, Abu Dhabi Commercial Bank (ADCB) was up 2.4%, Arkan Building Materials (ARKAN) and Union National Bank (UNB) rose 2.3%.
Sorouh Real Estate (SOROUH) increased by 2.0%, and the other gainers were up less than 2%. Union Cement (UCC) closed 10% limit down from just one small trade, Ras Al Khaimah Properties (RAKPROP) was the worst of the more active losers, down 1.8% to 0.54, and Emirates Telecom (ETISALAT) was the only other loser trading more than AED 1m, down 0.46% to 10.75.
