Special Features
UAE Financial Market News
26 May 2010. Dubai stocks recovered slightly from yesterday’s carnage, albeit on low trading levels, while Abu Dhabi stocks saw little change. On the Nasdaq Dubai at 1545 UAE time, DP World is up 2.9%, and Depa is unchanged.Dubai Financial Market
Dubai stocks rose 1.3% to 1591 points from turnover of AED 226m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 1.5% to 3.35 from AED 108m worth of deals. Arab International Logistics (ARMX) was the best of the more active stocks, up 3.6% to 1.45, Dubai Financial Market (DFM) rose 2.6%.
Dubai Islamic Bank (DIB) 2.4%, and the other gainers were up less than 2% or on low volumes. There were 7 losers with only 2 trading more than AED 1m worth - National General Cooling (TABREED) down 1.2%, and Union Properties (UPP) down 0.70%. Emirates NBD (ENBD) rose 0.74% on low volumes.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.14% to 2647 points from turnover of AED 129m with Aldar Properties (ALDAR) the most active stock, up 0.94% to 3.19 from AED 43m of trading. Sorouh Real Estate (SOROUH) was the best of the more active gainers, up 1.9% to 2.10, Agthia Group (AGTHIA) rose 1.6%, First Gulf Bank (FGB) and Abu Dhabi Islamic Bank (ADIB) 1.2%, and the remaining gainers were up less than 1% or on thin trading.
Gulf Pharmaceutical Industries (JULPHAR) was the worst of the more active losers, down 5.5% to 1.90, Abu Dhabi National Hotels (ADNH) fell 5.0%, Abu Dhabi Commercial Bank (ADCB) 1.2%, Aabar Energy (AABAR) 1.0%, and the other losers fell less than 1% or on low volumes. National Bank of Abu Dhabi (NBAD) was unchanged, and Emirates Telecom (ETISALAT) fell 0.94%.
