Special Features
UAE Financial Market News
05 May 2010. UAE stocks fell today, although the DFM index saw a bit of an increase in the afternoon after sharp falls earlier in the day. On the Nasdaq Dubai at 1545 UAE time, DP World is down 3.8%, and Depa is unchanged.Dubai Financial Market
Dubai stocks fell 0.36% to 1736 points from turnover worth AED 260m with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, unchanged at 3.89 from AED 114m. Gulf Finance House (GFH) was the worst of the more active losers, down 2.2% to 0.747.
Dubai Investment Company (DIC) fell 1.1%, and the other losers were down less than 1% or on low trading levels. Arabtec (ARTC) was the best of the more active gainers, up 1.2% to 2.52, while Dubai Financial Market (DFM) and Air Arabia (AIRARABIA) were the only other gainers trading more than AED 1m worth, both up less than 1%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.77% to 2779 points from turnover worth AED 162m with Aldar Properties (ALDAR) the most actively traded stock, down 3.05% to 3.90 from AED 43m worth of deals. Abu Dhabi Commercial Bank (ADCB) was the worst of the more active stocks, down 5.2% to 1.87, Sorouh Real Estate (SOROUH) fell 3.0%, Aabar Energy (AABAR) 2.2%.
Ras Al Khaimah Properties (RAKPROP) 2.0%, and the remaining stocks were down less than 2% or on thin trading. Only two of the six gainers saw trading worth more than AED 1m - National Bank of Abu Dhabi (NBAD) convertible notes up 1.75%, and Emirates Telecom (ETISALAT) up 0.47% to 10.80. National Bank of Abu Dhabi (NBAD) closed unchanged at 11.95.
