Special Features
UAE Financial Market News
14 April 2010. Dubai stocks were up, led by Arabtec on the news that the Aabar takeover deal had been abandoned, while Abu Dhabi stocks fell, mostly due to a drop in NBAD shares. On the Nasdaq Dubai at 1445 UAE time, DP World is down 1.8%, Depa is unchanged, and Damas is up 2.7%.Dubai Financial Market
Dubai stocks rose slightly, by 0.12% to 1824 points from turnover of AED 910m worth, with Arabtec (ARTC) the most active stock, and also the best of the more active gainers, up 2.3% to 2.71 from AED 460m. Emaar Properties (EMAAR) was the only other stock trading more than AED 100m worth, down 0.24% to 4.10 from AED 292m.
Arab International Logistics (ARMX) rose 1.75%, HITS Telecom 1.6%, and the other gainers were up less than 1.5% or on low volumes. Gulf Finance House (GFH) was the worst loser, down 5.2% to 0.845, Islamic Arab Insurance (IAIC) fell 2.3%, Union Properties (UPP) 1.2%, and the other losers were down less than 1% or on low volumes.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.22% to 2854 points from turnover of AED 128m with Aldar Properties (ALDAR) the most active stock, down 0.87% to 4.48 from AED 44m worth of deals. National Bank of Abu Dhabi (NBAD) was the worst of the more active losers, down 3.35% to 11.95.
Ras Al Khaimah Cement (RAKCC) fell 1.9%, Arkan Building Materials (ARKAN) 1.8%, and the other losers were down less than 1% or on low volumes. There were only six gainers, and only two saw trading levels above the AED 1m mark; First Gulf Bank (FGB) up 3.0%, and Agthia Group (AGTHIA) up 0.51%. Emirates Telecom (ETISALAT) was unchanged at 10.70.
