Special Features
UAE Financial Market News
11 May 2010. UAE stocks fell, especially in Dubai with almost all traded equities in the red. On the Nasdaq Dubai at 1400 UAE time, DP World is down 4.0%, and Damas is down 7.1%.Dubai Financial Market
Dubai stocks fell 2.0% to 1707 points from turnover of AED 297m with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, down 2.8% to 3.81 from AED 137m. HITS Telecom was the worst of the more active losers, down 4.0% to 1.00.
Arabtec (ARTC) fell 4.0% also, Union Properties (UPP) was down 3.45%, and the other losers were down less than 3% or on low volumes. There was only one gainer, Al Madina Finance (ALMADINA) up 2.9% to 0.71 from low turnover.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.23% to 2788 points from AED 86m worth of trading with Aldar Properties (ALDAR) the most active stock, down 0.26% to 3.81 from AED 26m worth. Abu Dhabi Islamic Bank (ADIB) was the worst of the more active losers, down 1.45%, First Gulf Bank (FGB) fell 1.4%.
Sorouh Real Estate (SOROUH) 1.3%, National Bank of Abu Dhabi (NBAD) 1.2%, and the other losers were down less than 1% or on low trading levels. There were only two gainers trading more than AED 1m worth - Dana Gas (DANA) up 1.25%, and Union National Bank (UNB) up 0.91%. Emirates Telecom (ETISALAT) was unchanged at 10.70.
