Special Features
UAE Financial Market News
18 May 2010. UAE stocks rose slightly but with little to get excited about. On the Nasdaq Dubai at 1430 UAE time, DP World is up 2.8%, and Depa is down 0.63%.Dubai Financial Market
The Dubai stock index was almost unchanged, up just 0.07%, or about 1 point, to 1714 points from turnover of AED 263m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, unchanged at 3.81 from AED 120m worth of trading. Except for another small 15% limit up trade for National Industries Group (NIND), Ektitab Holding (EKTTITAB) was the top gainer, up 4.8% to 0.48.
National General Cooling (TABREED) and HITS Telecom rose 2.9%, Dar Takaful Insurance (DARTAKAFUL) was up 2.6% from thin trading, and the other gainers were up less than 2%. Gulf Finance House (GFH) was the worst of the more active losers, down 2.1% to 0.715, Arab International Logistics (ARMX) fell 1.3%, and the other losers were down less than 1% or on low volumes.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.39% to 2788 points from turnover of AED 79m with Aldar Properties (ALDAR) the most active stock, up 1.9% to 3.78 from AED 28m worth of trading. Apart from one small trade in GLS, Ras Al Khaimah Cement (RAKCC) was the top gainer, 2.25% to 0.90.
Ras Al Khaimah Properties (RAKPROP) rose 2.1%, and the remaining gainers were up less than 2%. There were 7 losers but none trading more than AED 1m. Emirates Telecom (ETISALAT) rose 0.47% and National Bank of Abu Dhabi (NBAD) was up 0.86%.
