Special Features
UAE Financial Market News
10 May 2010. UAE stocks saw decent gains today, led by Aldar and Aabar in Abu Dhabi, and DFM shares showing the way in Dubai. On the Nasdaq Dubai at 1500 UAE time, DP World is up 3.1%, and Depa is up 4.0%.Dubai Financial Market
Dubai stocks were up 1.6% to 1741 points from trading worth AED 508m with Emaar Properties (EMAAR) the most active stock, up 2.9% to 3.92 from AED 224m worth. Arabtec (ARTC) was the only other stock trading more than AED 100m worth, up 1.6% to 2.50 from AED 115m.
Gulf Finance House (GFH) was the top gainer, up 8.9% to 0.75, HITS Telecom rose 7.1%, Dubai Financial Market (DFM) 4.7%, and the other gainers were up less than 3% or on low volumes. There were only three losers, and only Emarat Takaful Insurance (TAKAFUL-EM) traded more than 1m worth as it fell 5.4% to 0.88, making it also the worst loser.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 1.6% to 2795 points from turnover of AED 213m with Aldar Properties (ALDAR) the most actively traded stock, up 5.45% to 3.94 from AED 71m. Aabar Energy (AABAR) was the best of the more active gainers, up 6.6% to 2.11, Methaq Islamic Insurance (METHAQ) rose 5.0%, Sorouh Real Estate (SOROUH) 4.55%, Abu Dhabi Commercial Bank (ADCB) 4.5%.
Ras Al Khaimah Properties (RAKPROP) 4.3%, and the other gainers were up less than 4% or on low trading. There were 10 losers but none trading more than AED 1m worth. The worst of them were Ras Al Khaimah Poultry (RAPCO), Finance House (FH), and Abu Dhabi National Building Materials (BILDCO) - all closing over 9% down for the day. Emirates Telecom (ETISALAT) was up 0.94%, and National Bank of Abu Dhabi (NBAD) rose 2.5%.
