Special Features
UAE Financial Market News
06 May 2010. In Dubai most stocks fell but an increase in Emirates NBD kept the index almost unchanged. In Abu Dhabi the index rose but there was little notable movement, and both indexes saw low volumes traded. On the Nasdaq Dubai at 1445 UAE time, DP World is down 1.8% and Depa is unchanged.Dubai Financial Market
Dubai stocks fell 0.11% to 1734 points from trading worth AED 147m with Emaar Properties (EMAAR) the most active stock, down 1.0% to 3.85 from AED 53m worth of deals. Gulf Finance House (GFH) was the worst loser, down 3.6% to 0.72.
HITS Telecom fell 2.8%, and the other losers fell less than 2% or on low volumes. There were only five gainers, and only Emirates NBD (ENBD), up 2.4%, and Emirates Integrated Telecommunications (DU), up 3.6%, traded more than AED 1m worth (just barely for both of them).
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.45% to 2791 points from turnover of AED 108m with Aldar Properties (ALDAR) the most active stock, unchanged at 3.83 from AED 29m worth of deals. Ras Al Khaimah Properties (RAKPROP) was the best of the gainers trading more than AED 1m worth, up 2.1% to 0.49.
First Gulf Bank (FGB) rose 1.7%, and the other gainers were up less than 1.5% or on low volumes. There were six losers with none trading more than AED 1m worth, except for National Bank of Abu Dhabi (NBAD) convertible notes, down 2.3% to 78.00. Emirates Telecom (ETISALAT) was unchanged at 10.75, and National Bank of Abu Dhabi (NBAD) rose 0.42 to 12.00.
