Special Features
UAE Financial Market News
03 May 2010. The DFM and ADX both rose about the same amount with most of the more active stocks in the green, including a good rise for Union Properties in Dubai, and ADCB in Abu Dhabi. On the Nasdaq Dubai at 1500 UAE time, Depa is unchanged at $0.78, and DP World is up 1.9% to $0.535.Dubai Financial Market
Dubai stocks rose 0.72% to 1737 points from AED 254m worth of trading with Arabtec (ARTC) the only stock trading more than AED 100m for a change, up 2.05% to 2.49, while Emaar Properties (EMAAR) rose 1.55% to 3.92. Union Properties (UPP) was the best of the more active gainers, up 6.1% to 0.485.
National General Cooling (TABREED) rose 1.9%, and the other gainers were up less than 1.5% or on low turnover. In the losers list, there were only three stocks trading more than AED 1m worth - Arab International Logistics (ARMX) down 1.2%, and Dubai Investment Company (DIC) and Air Arabia (AIRARABIA) both down about 0.3%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.78% to 2795 points from turnover of AED 96m with Aldar Properties (ALDAR) the most active stock, up 3.4% to 3.93 from AED 27m worth. Finance House (FH), Abu Dhabi Aviation (ADAVIATION), and Sharjah Cement (SCIDC) all had 10% limit up closing prices but from just one small trade each. Abu Dhabi Commercial Bank (ADCB) was the best of the more active gainers, up 8.0% to 1.88.
Union National Bank (UNB) rose 1.9%, Sorouh Real Estate (SOROUH) 1.3%, and the other gainers were up less than 1% or on thin trading. There were five losers with Al Ain Ahlia Insurance (AAAIC) 10% limit down from just one trade, and Abu Dhabi Islamic Bank (ADIB) the only loser trading more than AED 1m, down 1.4%. National Bank of Abu Dhabi (NBAD) was unchanged, and Emirates Telecom (ETISALAT) rose 0.47%.
