Special Features
UAE Financial Market News
19 April 2010. UAE stocks continued down today with most actively traded stocks in the red. The ADX remained open until 1430 UAE time to make up for lost time due to an electricity failure. On the Nasdaq Dubai at 1445 UAE time, DP World is down 0.96%, Depa is down 1.3%, DGS is down 1.7%, and Damas is down 5.0%.Dubai Financial Market
Dubai stocks fell 1.7% to 1746 points from AED 357m worth of trading with Emaar Properties (EMAAR) the only stocks trading more than AED 100m, down 2.6% to 3.80 from 167m worth of deals. Ajman Islamic Bank (AJMANBANK) was the worst of the more active losers, down 4.9% to 0.78.
Emirates Integrated Telecommunications (DU) fell 4.5%, Gulf Finance House (GFH) 3.7%, and the other losers fell less than 3% or on low trading. There were six gainers, with only Emirates NBD (ENBD) trading more than AED 1m worth, up 1.3% to 3.04.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.66% to 2810 points from turnover of AED 136m with Aldar Properties (ALDAR) the most active stock, down 0.95% to 4.09 from AED 43m worth of deals. Dana Gas (DANA) was the worst of the more active companies, down 2.2% to 0.86, with the other losers down less than 2% or on low trading.
There were five gainers with only three trading more than AED 1m worth; Sorouh Real Estate (SOROUH) up 3.4%, First Gulf Bank (FGB) up 3.2%, and Abu Dhabi Islamic Bank (ADIB) up 2.6%. National Bank of Abu Dhabi (NBAD) fell 3.8% on thin trading, and Emirates Telecom (ETISALAT) was down 0.94%.
