Special Features
UAE Financial Market News
29 April 2010. Dubai stocks rose, led by Arabtec, while Abu Dhabi stocks saw little movement. On the Nasdaq Dubai at 1430 UAE time, DP World is unchanged, and Depa is down 1.3%.Dubai Financial Market
Dubai stocks rose 1.5% to 1740 points from turnover worth AED 308m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 3.2% to 3.91 from AED 140m. Arabtec (ARTC) was the top gainer, up 6.0% to 2.47, probably due to news they’d accepted a debt settlement deal from Nakheel.
Dubai Financial Market (DFM) shares were up 4.7%, Drake & Scull (DSI) 2.8%, Deyaar Development (DEYAAR) 2.4%, and the other gainers rose less than 2% or on low volumes. HITS Telecom was the worst loser, down 5.3% to 1.07, Dubai Refreshments (DRC) closed 5% limit down on thin trading, Dubai Investment Company (DIC) fell 4.6%, and the other losers were down less than 2%.
Abu Dhabi Securities Exchange
The Abu Dhabi index was almost unchanged, closing down less than a point, or 0.03%, at 2777 points from turnover of AED 138m with Aldar Properties (ALDAR) the most active stock, down 0.25% to 3.95 from AED 57m worth of deals. International Fish Farming (ASMAK) and Oman and Emirates Investment Holding (OEIHC) had 10% limit down closing prices but very few trades between them. Abu Dhabi National Energy (TAQA) was the worst of the more active losers, down 5.7% to 1.15, First Gulf Bank (FGB) fell 1.3%, and the other losers fell on turnover of less than AED 1m each.
Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) were unchanged at 10.65 and 12.00 respectively. Gulf Cement (GCEM) was the top gainer, 10% limit up at 2.06 but from just two small trades. Abu Dhabi Islamic Bank (ADIB) was the best of the more active gainers, up 3.3% to 2.89, Waha Capital (OILC) rose 2.7%, Dana Gas (DANA) 2.5%, Bank of Sharjah (BOS) 2.4%, and the other gainers were up less than 2% or on thin volumes.
