Special Features
UAE Financial Market News
18 April 2010. Most UAE stocks fell today, led by Arabtec in Dubai, and Aldar in Abu Dhabi. On the Nasdaq Dubai at 1445 UAE time, DP World is down 2.2%, Depa is down 1.25%, and Damas is unchanged.Dubai Financial Market
Dubai stocks fell 2.25% to 1776 points from turnover of AED 361m with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, down 3.9% to 3.90 from AED 156m of turnover. Arabtec (ARTC) was the worst of the more active losers, down 5.6% to 2.51.
Islamic Arab Insurance (IAIC) and Arab International Logistics (ARMX) fell 4.1%, Dubai Islamic Bank (DIB) was down 3.8%, HITS Telecom 3.3%, and most other stocks fell less than 3% or on low volumes. There was only one gainer, Commercial Bank of Dubai (CBD) up 3.2% to 3.20 from just a handful of trades.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.99% to 2828 points from trading worth AED 102m, with Aldar Properties (ALDAR) the most active stock and also the worst of the more active losers, down 4.8% to 4.13 from AED 36m. Bank of Sharjah (BOS) was down 3.0%.
Methaq Islamic Insurance (METHAQ) and Sorouh Real Estate (SOROUH) fell 2.9%, and most other stocks were down less than 2.5% or on low volumes. There were only three gainers; Ras Al Khaimah Ceramics (RAKCEC) up 1.7% from thin trading, First Gulf Bank (FGB) up 1.1%, and Abu Dhabi Islamic Bank (ADIB) up 0.32%.
