Special Features
UAE Financial Market News
12 May 2010. UAE stocks rose slightly but volumes were still low. On the Nasdaq Dubai at 1415 UAE time, DP World is unchanged, Depa is up 2.6%, DGS is up 2.2%, and Damas is up 2.9%.Dubai Financial Market
Dubai stocks rose 0.52% to 1715 points from AED 224m worth of trading with Emaar Properties (EMAAR) the most actively traded stock, up 1.05% to 3.85 from AED 93m. HITS Telecom was the best gainer, up 3.2% to 1.03, Drake & Scull (DSI) rose 1.35%.
Arabtec (ARTC) 1.25%, and the other gainers were up less than 1% or on low volumes. There were 5 losers, and only Arab International Logistics (ARMX), down 1.2% to 1.60, saw trading worth more than AED 1m.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.25% to 2796 points from trading of AED 120m with Aldar Properties (ALDAR) the most active stock as usual, up 1.8% to 3.92 from AED 41m worth, and was also the best of the more active gainers. The rarely traded National Bank of Umm Al Quwain (NBQ) took a surprising second spot on the actively traded stocks list, falling 3.2% to 2.56 from AED 19m worth, albeit from just 6 deals. It was also the worst of the more active losers.
Other stock movements included Union National Bank (UNB) up 1.5%, Waha Capital (OILC) 1.4%, Sorouh Real Estate (SOROUH) 1.3%, with the remaining gainers up less than 1% or on thin trading. Ras Al Khaimah Properties (RAKPROP) fell 2.0% Dana Gas (DANA) 1.2%, Abu Dhabi Commercial Bank (ADCB) 1.1%, and the other losers were down less than 1% or on low volumes. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) were unchanged at 10.65 and 11.90 respectively.
