Special Features
UAE Financial Market News
12 April 2010. UAE stocks rose slightly today, led by Emaar in Dubai. On the Nasdaq Dubai, DP World rose 0.37%, and Depa was up 2.6%.Dubai Financial Market
Dubai stocks were up 0.50% to 1834 points from AED 1.0 billion worth of trading, with Emaar Properties (EMAAR) the most active stock, up 2.0% to 4.14 from AED 619m worth, and was also the best gainer except for a few trades in Al Salam Bank (SALAM_BAH). Two other stocks saw trading of more than AED 100m; Arabtec (ARTC) down 0.37%, and Dubai Financial Market (DFM) up 1.0%.
Most other gainers rose less than 1%. Islamic Arab Insurance (IAIC) was the worst of the more active losers, down 1.8% to 0.87, Dubai Islamic Bank (DIB) and Arab International Logistics (ARMX) fell 1.2%, and the other losers were down less than 1% or on low volumes.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.62% to 2865 points from turnover of AED 149m with Aldar Properties (ALDAR) the most active stock, up 1.5% to 4.63 from AED 40m. Ras Al Khaimah Cement (RAKCC) was the best of the more active gainers, rising 3.0% to 1.00, Ras Al Khaimah Properties (RAKPROP) was up 1.9%, Sorouh Real Estate (SOROUH) 1.6%, and the other gainers were up less than 1.5% or on low volumes.
There were five losers with only two trading more than AED 1m worth; Abu Dhabi National Hotels (ADNH) down 1.2%, and Methaq Islamic Insurance (METHAQ) down 0.36%. Emirates Telecom (ETISALAT) increased by 1.4%, and National Bank of Abu Dhabi (NBAD) fell 1.7% on low volumes.
