Special Features
UAE Financial Market News
20 April 2010. UAE indices closed down marginally on low turnover, although Emaar and Aldar both managed to finish in the green. On the Nasdaq Dubai at 1530 UAE time, DP World is unchanged at US$0.51, and Depa is up 1.3% to US$0.79.Dubai Financial Market
Dubai stocks were down just 0.09% to 1744 points from trading worth AED 284m with Emaar Properties (EMAAR) the only stock with more than AED 100m of turnover, up 1.6% to 3.86 from AED 135m worth. Emirates Integrated Telecommunications (DU) was the worst of the more active losers, 5% limit down to 2.60.
Gulf Finance House (GFH) fell 2.2%, and the other losers were down less than 2% or on low volumes. Drake & Scull (DSI) was the best of the more active gainers, up 1.8% to 0.975, Islamic Arab Insurance (IAIC) rose 1.1%, and the other gainers were up less than 1% or on thin trading.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.15% to 2805 points from turnover of AED 88m with Aldar Properties (ALDAR) the most active stock, up 0.24% to 4.18 from AED 27m of trading. Abu Dhabi National Hotels (ADNH) was the worst of the losers trading more than AED 1m worth, down 4.5% to 3.60, Abu Dhabi Commercial Bank (ADCB) fell 3.1%.
Union National Bank (UNB) 2.8%, and the other losers were down less than 2.5% or on low volumes. Of the eight gainers, only three saw turnover of more than AED 1m; Abu Dhabi Islamic Bank (ADIB) up 1.3%, Emirates Telecom (ETISALAT) up 0.95%, and Aldar as already mentioned. National Bank of Abu Dhabi (NBAD) rose 0.88% on low trading.
