Special Features
UAE Financial Market News
27 April 2010. UAE stocks fell despite newspaper headlines this morning of billions of dirhams worth of foreign investment coming our way. On the Nasdaq Dubai at 1500 UAE time, DP World is down 1.1%, Depa is down 0.12%, and Damas has fallen 8.3%.Dubai Financial Market
Dubai stocks fell 0.58% to 1747 points from trading worth AED 249m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, down 2.0% to 3.88 from AED 118m. International Financial Advisers (IFA) was the worst loser, down 9.6% to 5.20, Dubai Financial Market (DFM) and National General Cooling (TABREED) fell 2.2%.
Arabtec (ARTC) 2.0%, and the other losers were down less than 2% or on low volumes. Emirates NBD (ENBD) was the best of the more active gainers, up 2.7% to 3.03, Arab International Logistics (ARMX) rose 1.9%, HITS Telecom 1.7%, Commercial Bank of Dubai (CBD) 1.6% from just a couple of trades, and the other gainers were up less than 1% except for a couple of small 5% limit up trades for Jeema Mineral Water (JEEMA).
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.27% to 2803 points from trading worth AED 85m with Dana Gas (DANA) the most active stock, up 1.1% to 0.89 from AED 19m of turnover. Three stocks closed 10% limit down - Abu Dhabi National Takaful (TKFL), Gulf Medical Projects (GMPC), and Abu Dhabi Aviation (ADAVIATION) - but all on low volumes. Aabar Energy (AABAR) was the worst of the more active losers, down 2.2% to 2.21.
Ras Al Khaimah Properties (RAKPROP) fell 2.0%, Sorouh Real Estate (SOROUH) 1.7%, Aldar Properties (ALDAR) 0.95%, and the other losers were down on less than AED 1m worth of trading. There were only three gainers trading more than AED 1m worth - Abu Dhabi National Energy (TAQA) up 2.4%, Dana Gas, and Abu Dhabi Islamic Bank (ADIB) up 0.61%. Emirates Telecom (ETISALAT) was unchanged at 10.60, and National Bank of Abu Dhabi (NBAD) saw no trades.
