Special Features
UAE Financial Market News
09 May 2010. UAE stocks mostly fell today with both indexes down a little over 1%. On the Nasdaq Dubai at 1530 UAE time DP World is unchanged and Depa is down 2.6%.Dubai Financial Market
Dubai stocks fell 1.2% to 1713 points from AED 432m worth of trading with Emaar Properties (EMAAR) the most active stock, down 1.04% to 3.81 from AED 189m worth. Arabtec (ARTC) was the only other stock trading more than AED 100m, falling 1.6% to 2.46. HITS Telecom was the worst of the more active losers, down 5.7% to 0.97.
National General Cooling (TABREED) fell 4.9%, Gulf Finance House (GFH) 4.6%, and the other losers were down less than 4% or on low turnover. There were only three gainers - Dar Takaful Insurance (DARTAKAFUL), Emarat Takaful Insurance (TAKAFUL-EM), and Al Salam Bank (SALAM_BAH) - all up about 2% but none trading more than AED 1m worth.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 1.4% to 2752 points from turnover of AED 133m with Aldar Properties (ALDAR) the most actively traded stock by value, down 3.9% to 3.73 from AED 42m worth of trading. Three stocks closed 10% limit down - Oman and Emirates Investment Holding (OEIHC), Sharjah Cement (SCIDC), and Ras Al Khaimah Poultry (RAPCO) - but none on significant trading levels.
Ras Al Khaimah Properties (RAKPROP) was the worst loser trading more than AED 1m worth, down 4.1% to 0.48, Waha Capital (OILC) fell 4.05%, and most other stocks fell between 1% and 4%. There were seven gainers but none trading more than AED 1m worth. GLS was the best of them, closing 10% limit up at 4.78 from just one trade. National Bank of Abu Dhabi (NBAD) fell 1.25%, and Emirates Telecom (ETISALAT) fell 0.93%.
