Special Features
UAE Financial Market News
24 May 2010. Another glum day as UAE stocks fell again, led by Emaar and Aldar both dropping about 3%. On the Nasdaq Dubai at 1430 UAE time, DP World is down 2.0%, and Depa is unchanged.Dubai Financial Market
Dubai stocks fell 2.0% to 1647 points from turnover of AED 268m with Emaar Properties (EMAAR) accounting for over half of that, and the only stock trading more than AED 100m, down 3.0% to 3.58 from AED 142m. National General Cooling (TABREED) was the worst of the more active stocks, down 4.4% to 0.43, Emirates NBD (ENBD) fell 4.45% on low trading.
Deyaar Development (DEYAAR) dropped by 3.1%, and the other losers fell less than 3% or on low volumes. There were 4 gainers with only Gulf Finance House (GFH) trading more than AED 1m, up 2.4% to 0.61, and also the top gainer.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.82% to 2736 points from turnover of AED 117m with Aldar Properties (ALDAR) the most active stock, down 3.1% to 3.39 from AED 50m worth. Abu Dhabi National Hotels (ADNH) was the worst of the more active losers, down 8.3% to 3.20, Sorouh Real Estate (SOROUH) fell 3.6%, Gulf Medical Projects (GMPC) 2.3%.
National Bank of Abu Dhabi (NBAD) 2.15%, and the other losers were down by less than 2% or on low volumes. There were 4 gainers with only Abu Dhabi National Energy (TAQA) trading more than AED 1m, up 0.85% to 1.18.
