Special Features
UAE Financial Market News
20 May 2010. UAE stocks saw slight gains today, with increased volumes in Abu Dhabi due mostly to an unusual couple of trades for RAK Bank. On the Nasdaq Dubai at 1530 UAE time, DP World is down 1.1%, and DGS is down 1.8%.Dubai Financial Market
Dubai stocks rose 0.35% to 1692 points from trading worth AED 266m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 0.81% to 3.74 from AED 121m. Ajman Islamic Bank (AJMANBANK) was the best of the more active gainers, up 3.8% to 0.79, Arabtec (ARTC) rose 1.3%.
Islamic Arab Insurance (IAIC) 1.1%, and the other gainers were up less than 1% or on low volumes. Arab International Logistics (ARMX) was the worst of the more active losers, down 2.0% to 1.46, Gulf Finance House (GFH) fell 1.2%, Union Properties (UPP) 1.1%, and the other losers dropped less than 1% or on low volumes. Emirates NBD (ENBD) rose 0.69% to 2.91.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.19% to 2781 points from AED 318m worth of trading with National Bank Of Ras Al Khaimah (RAKBANK), unusually, the most active stock, down 1.2% to 4.05 from AED 182m of turnover from just 2 trades. Abu Dhabi Aviation (ADAVIATION) was the worst of the more active losers, down 9.3% to 2.15.
Ras Al Khaimah Properties (RAKPROP) fell 2.1%, and the other losers were down less than 2% or on thin volumes. First Gulf Bank (FGB) was the best of the more active gainers, up 1.4% to 18.00, the other gainers were up less than 1% or on low trading. Emirates Telecom (ETISALAT) rose 0.46%, and National Bank of Abu Dhabi (NBAD) was up 1.7%.
