Special Features
UAE Financial Market News
13 April 2010. UAE stocks fell slightly with only Emaar trading any significant quantities. On the Nasdaq Dubai at 1430 UAE time, DP World is down 1.3%, Depa is unchanged, DGS is down 0.63%, and Damas is down 7.5%.Dubai Financial Market
Dubai stocks fell 0.65% to 1822 points from turnover of AED 430m with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, down 0.72% to 4.11 from AED 280m worth. Dubai Refreshments (DRC) was 5% limit down from just one trade, but that’s one more than it usually sees.
Deyaar Development (DEYAAR) was the worst of the more active stocks, down 3.8% to 0.46, National General Cooling (TABREED) fell 2.15%, and the other losers were down less than 2% or on low volumes. There were only three gainers, Al Madina Finance (ALMADINA) up 4.1%, Emirates Integrated Telecommunications (DU) up 0.70%, and Dubai Islamic Insurance (AMAN) up just 0.11%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.19% to 2860 points from AED 88m worth of trading with Aldar Properties (ALDAR) the most active stock but still only trading AED 18m worth as it fell 1.3% to 4.55. Gulf Pharmaceutical Industries (JULPHAR) was the worst loser on trading of more than AED 1m, down 4.9% to 1.96. Abu Dhabi Ship Building (ADSB), International Fish Farming (ASMAK), and Ras Al Khaimah Poultry (RAPCO) all closed 10% limit down but from a small handful of trades. Bank of Sharjah (BOS) fell 4.05%, Ras Al Khaimah Properties (RAKPROP) 1.85%, and the other losers were down less than 1.5% or on low volumes.
There were ten gainers but only two traded more than AED 1m worth; Ras Al Khaimah Cement (RAKCC) up 2.0%, and Aabar Energy (AABAR) up 0.42%, while National Bank of Umm Al Quwain (NBQ) closed 10% limit up from a tiny single trade. National Bank of Abu Dhabi (NBAD) was up 1.3% from low volumes, while Emirates Telecom (ETISALAT) fell 0.93%.
