Special Features
UAE Financial Market News
28 April 2010. Stocks continued to slide in the UAE with almost all actively traded stocks in the red today. On the Nasdaq Dubai at 1500 UAE time, DP World is down 0.94%, and Depa is down 1.1%.Dubai Financial Market
Dubai stocks fell 1.9% to 1714 points from turnover of AED 371m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, down 2.3% to 3.79 from AED 190m worth of deals. HITS Telecom was the worst loser, falling 7.4% to 1.13, Union Properties (UPP) was down 5.7%.
Deyaar Development (DEYAAR) 4.65%, and most other stocks fell between 1% and 4%. There were only three gainers - Gulf Navigation (GULFNAV) up 5.8%, Arab International Logistics (ARMX) up 2.45%, and Arab Insurance Group (ARIG) up 1.5% from just one small trade.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.90% to 2778 points from trading worth AED 151m with Aldar Properties (ALDAR) the most active stock, down 5.3% to 3.92 from AED 39m. Abu Dhabi Commercial Bank (ADCB) was the worst loser, down 8.6% to 1.72, Sorouh Real Estate (SOROUH) fell 5.1%, Abu Dhabi National Energy (TAQA) 4.7%, and the other losers were down less than 3% or on low volumes.
There were only three gainers trading more than AED 1m worth - Methaq Islamic Insurance (METHAQ) up 1.2%, and Abu Dhabi Islamic Bank (ADIB) and Union National Bank (UNB) both up about 0.3%. The two heavyweights, Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD), were unchanged at 10.65 and 12.00 respectively.
