Special Features
UAE Financial Market News
04 May 2010. Dubai stocks rose despite a fall in Emaar, and Abu Dhabi stocks were up slightly also. On the Nasdaq Dubai at 1415 UAE time, DP World is down 0.93%, and Depa is up 1.3%.Dubai Financial Market
Dubai stocks rose 0.31% to 1742 points from turnover of AED 342m with Emaar Properties (EMAAR) the most active stock, down 0.76% to 3.89 from AED 132m. Arabtec (ARTC) was the only other stock trading more than AED 100m, share price unchanged at 2.49. National General Cooling (TABREED) was the top gainer, up 4.1% to 0.456.
Islamic Arab Insurance (IAIC) rose 3.0%, Drake & Scull (DSI) was up 2.8%, Arab International Logistics (ARMX) 2.5%, and the other gainers rose less than 2% or on thin trading. Apart from Emaar, Union Properties (UPP) and Gulf Finance House (GFH) were the only other losers trading more than AED 1m worth, both down less than 2%.
Abu Dhabi Securities Exchange
The Abu Dhabi index rose 0.18% to 2800 points from turnover of AED 141m with Emirates Telecom (ETISALAT) the most active stock for a change, although price remained steady at 10.75 from AED 38m worth of deals. Gulf Pharmaceutical Industries (JULPHAR) and Abu Dhabi National Building Materials (BILDCO) both closed 10% limit up but from low volumes.
Abu Dhabi Commercial Bank (ADCB) was the best of the more active stocks, up 1.6% to 1.88, Aabar Energy (AABAR), Aldar Properties (ALDAR), and Sorouh Real Estate (SOROUH) were the only other gainers trading more than AED 1m worth, and all fell less than 1%. Dana Gas (DANA) was the worst of the more active losers, down 1.2% to 0.81, while the other losers fell less than 1% or on low volumes. National Bank of Abu Dhabi (NBAD) fell 0.42% to 11.95.
