Special Features
UAE Financial Market News
22 April 2010. Abu Dhabi stocks were mostly in the red but Dubai stocks saw some good rises. On the Nasdaq Dubai at 1400 UAE time, DP World is unchanged, and Depa is down 2.5%.Dubai Financial Market
Dubai stocks rose 1.4% to 1755 points from turnover of AED 292m worth with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 2.9% to 3.94 from AED 119m. Gulf Navigation (GULFNAV) was the top gainer, up 5.6% to 0.57, Air Arabia (AIRARABIA) rose 4.5%.
Deyaar Development (DEYAAR) 4.05%, and the other gainers were up less than 4%. There were only two losers trading more than AED 1m worth; Drake & Scull (DSI) down 5.8% to 0.925, also the worst loser, and National General Cooling (TABREED) down 2.25%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.19% to 2815 points from AED 96m worth of trading, with National Bank of Abu Dhabi (NBAD) convertible notes the most actively traded equity, up 2.6% to 78.00 from AED 28m. Dana Gas (DANA) was the only other gainer rising more than 1% on trading of more than AED 1m, closing up 1.1% at 0.89.
Abu Dhabi National Hotels (ADNH) was the worst of the more active losers, down 3.3% to 3.53, Sorouh Real Estate (SOROUH) fell 1.2%, Ras Al Khaimah Cement (RAKCC) 1.0%, and the other losers were down less than 1% or on low volumes. National Bank of Abu Dhabi (NBAD) fell 0.84%, and Emirates Telecom (ETISALAT) was unchanged.
