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UAE Financial Market News

15 April 2010. Most UAE stocks fell although rises in NBAD and Etisalat helped to keep the ADX in the green slightly. On the Nasdaq Dubai at 1415 UAE time, DP World is down 0.37%, Depa is up 1.3%, and Damas is unchanged.

Dubai Financial Market

Dubai stocks fell 0.43% to 1816 points from turnover of AED 385m with Emaar Properties (EMAAR) the most active stock, down 0.98% to 4.06 from AED 183m worth of trading. Arabtec (ARTC) was the only other stock trading more than AED 100m worth, down 1.8% to 2.66.

HITS Telecom was the worst of the more active losers, down 2.4% to 1.21, Arab International Logistics (ARMX) fell 2.3%, and the other losers were down less than 2% or on low volumes. There were only two gainers trading more than AED 1m worth; Gulf Finance House (GFH) up 0.71%, and Dubai Islamic Bank (DIB) up 0.42%.

Abu Dhabi Securities Exchange

Abu Dhabi stocks rose 0.11% to 2857 points from turnover of AED 99m with Aldar Properties (ALDAR) the most actively traded stock, and also the worst of the more active gainers, down 2.9% to 4.43 from AED 47m worth.

National Bank of Abu Dhabi (NBAD), up 3.0% to 11.90, and Emirates Telecom (ETISALAT), up 0.47% to 10.70, were the only two gainers trading more than AED 1m worth. Aabar Energy (AABAR) fell 1.7%, Sorouh Real Estate (SOROUH) was down 1.6%, Abu Dhabi Commercial Bank (ADCB) 1.5%, and the other losers fell less than 1.5% or on low volumes.



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