Special Features
UAE Financial Market News
19 May 2010. UAE stocks were in the red yet again, especially in Dubai where there were no green arrows by the end of the day. On the Nasdaq Dubai at 1400 UAE time, DP World is down 5.3%, Depa is down 2.5%, and DGS is down 0.49%.Dubai Financial Market
Dubai stocks fell 1.7% to 1686 points from trading worth AED 216m. Emaar Properties (EMAAR) was the only stock trading more than AED 100m worth, down 2.6% to 3.71 from AED 107m worth. Gulf Finance House (GFH) was the worst of the more active losers, down 6.85% to 0.67.
HITS Telecom fell 6.5%, Arabtec (ARTC) 2.95%, Arab International Logistics (ARMX) 2.6%, and the other losers were down less than 2.5% or on low volumes. There were no gainers. Emirates NBD (ENBD) fell 2.4% to 2.89.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.45% to 2775
points from turnover of AED 142m with Aldar Properties (ALDAR) the most active stock, and also the worst of the more active stocks, down 3.15% to 3.62 from AED 63m worth of trading. Dana Gas (DANA) was the only other stock trading more than AED 10m worth, up 1.25% to 0.80 from AED 37m.
Agthia Group (AGTHIA) fell 3.0%, First Gulf Bank (FGB) 2.5% on low volumes, and the remaining losers were down less than 2% or on thin trading. Invest Bank (INVESTB) was the top gainer, 10% limit up to 1.98 on just over AED 1m worth of deals, Abu Dhabi Commercial Bank (ADCB) rose 1.7%, and the other gainers were up less than 1% or on low turnover. Emirates Telecom (ETISALAT) was unchanged, and National Bank of Abu Dhabi (NBAD) fell 1.7%.
