Special Features
UAE Financial Market News
07 April 2010. Most UAE stocks fell, while First Gulf Bank and National Bank of Abu Dhabi were the only gainers of any note. On the Nasdaq Dubai at 1615 UAE time, DP World is up 2.3%, and Depa is unchanged.Dubai Financial Market
Dubai stocks fell 2.1% to 1800 points from turnover of AED 514m worth with Emaar Properties (EMAAR) the most active stock, down 3.0% to 3.88 from AED 203m worth of trading. Dubai Financial Market (DFM) was the only other company trading more than AED 100m worth, down 2.5% to 1.92. Arab International Logistics (ARMX) was the worst loser, down 5.6% to 1.70, Dubai Islamic Bank (DIB) fell 3.9%.
Ektitab Holding (EKTTITAB) 3.6% on low volumes, Arabtec (ARTC) and Islamic Arab Insurance (IAIC) 3.4%, and the other losers fell less than 3%. There were only three gainers, International Financial Advisers (IFA) 15% limit up at 5.75, Commercial Bank of Dubai (CBD) up 1.6%, and Ajman Islamic Bank (AJMANBANK) up 1.2%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks were down slightly by 0.13% to 2844 points from turnover of AED 111m with Aldar Properties (ALDAR) the most active stock, down 1.3% to 4.56 from AED 31m worth of trading. Methaq Islamic Insurance (METHAQ) was the worst loser, down 5.4% to 2.78, Abu Dhabi Commercial Bank (ADCB) fell 3.0%, and the other losers fell less than 2% or on low volumes.
There were nine gainers but only First Gulf Bank (FGB), up 1.1%, and National Bank of Abu Dhabi (NBAD), up 0.42%, saw trading of more than AED 1m. Emirates Telecom (ETISALAT) was unchanged at 10.60.
