Special Features
UAE Financial Market News
17 May 2010. Dubai stocks rose but Abu Dhabi stocks fell, with both markets still trading low volumes. On the Nasdaq Dubai at 1430 UAE time, DP World is the only stock traded so far, down 2.5% to US$0.465.Dubai Financial Market
Dubai stocks rose 1.2% to 1713 points from AED 221m worth of trading with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, up 1.6% to 3.81 from AED 119m. Ektitab Holding (EKTTITAB) was the best of the more active gainers, up 8.3% to 0.455, while the rarely traded National Industries Group (NIND) closed 15% limit up from a single small trade.
National General Cooling (TABREED) rose 3.2%, Emirates Integrated Telecommunications (DU) 3.15%, Dubai Investment Company (DIC) 2.1%, and the other gainers were up less than 2% or on thin trading. Of the five losers, only Union Properties (UPP) saw more than AED 1m worth of trading, falling just 0.43% to 0.47. Emirates NBD (ENBD) rose 1.7% on low volumes.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.37% to 2777 points from AED 88m worth of trading with Aldar Properties (ALDAR) the most active stock as usual, down 0.8% to 3.79. Dana Gas (DANA) was relatively active, and the only other stock trading more than AED 10m worth, down 1.2% to 0.80 from AED 25m. Apart from a single small trade in Oman and Emirates Investment Holding (OEIHC).
Ras Al Khaimah Properties (RAKPROP) was the worst loser, down 2.1% to 0.48. National Bank of Abu Dhabi (NBAD) fell 1.3%, Emirates Telecom (ETISALAT) was down 0.46%, and the other losers were down less than 1% or on low volumes. There were only two gainers trading more than AED 1m - Sorouh Real Estate (SOROUH) up 0.90%, and Agthia Group (AGTHIA) up 0.49%.
