Special Features
UAE Financial Market News
23 May 2010. UAE stocks saw mostly red today on relatively modest trading levels. On the Nasdaq Dubai at 1500 UAE time, DP World is up 0.45% to $0.44, and Depa is unchanged at $0.78.Dubai Financial Market
Dubai stocks fell 0.66% to 1681 points from AED 163m worth of trading, with Emaar Properties (EMAAR) the most active stock, down 0.13% to 3.69 from AED 71m worth. Gulf Finance House (GFH) was the worst loser, 10% limit down to 0.59, National General Cooling (TABREED) fell 2.2%.
Drake & Scull (DSI) was down 1.8%, Gulf Navigation (GULFNAV) 1.6%, and the other losers fell less than 1.5% or on low volumes. There were only three gainers - Shuaa Capital (SHUAA) up 2.9%, Emirates NBD (ENBD) up 0.34%, and Dubai Investment Company (DIC) the only gainer trading more than AED 1m, up 0.23%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.80% to 2758 points from AED 120m worth of trading with Aldar Properties (ALDAR) the most active stock, down 2.5% to 3.55 from AED 38m worth of deals. Abu Dhabi Commercial Bank (ADCB) was the worst of the more active losers, down 2.7% to 1.77, Sorouh Real Estate (SOROUH) fell 1.3%, Dana Gas (DANA) 1.2%.
Emirates Telecom (ETISALAT) 0.92%, National Bank of Abu Dhabi (NBAD) 0.85%, and the other losers were down less than 1% or on low volumes, including a single 10% limit down trade for Foodco Holding (FOODCO). There were 7 gainers with only Abu Dhabi National Energy (TAQA) trading more than AED 1m worth, up 0.86% to 1.18.
