Special Features
UAE Financial Market News
31 May 2010. UAE stocks fell again today, although on low trading levels, especially in Dubai with not even Emaar cracking the AED 100m level. On the Nasdaq Dubai at 1430 UAE time, DP World is down 1.7%, and Damas is down 0.59%.Dubai Financial Market
Dubai stocks fell 1.4% to 1580 points from turnover worth AED 128m with Emaar Properties (EMAAR) the most active stock, down 1.8% to 3.35 from just AED 46m worth. Gulf Finance House (GFH) was the worst of the more active losers, down 5.6% to 0.51, Emirates Integrated Telecommunications (DU) was 5% limit down to 2.28.
Union Properties (UPP) fell 4.8%, National General Cooling (TABREED) 3.95%, and most other stocks were down less than 3% or on low volumes. There were 4 gainers with Dar Takaful Insurance (DARTAKAFUL) 15% limit up from thin trading, and Air Arabia (AIRARABIA) the only gainer trading more than AED 1m, up 0.59% to 0.86.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 1.2% to 2604 points from trading worth AED 89m with Aldar Properties (ALDAR) the most active stock, down 3.6% to 3.19 from just AED 25m worth of deals. International Fish Farming (ASMAK), Sharjah Insurance (SICO), and Emirates Driving Company (DRIVE) all closed 10% limit down from just one trade each.
Aabar Energy (AABAR) was the worst loser trading more than AED 1m, down 4.2% to 1.80, Gulf Medical Projects (GMPC) fell 4.0%, and most other traded stocks fell between 1% and 4%, or on low volumes. There were only 3 gainers, National Marine Dredging (NMDC), Ras Al Khaimah Ceramics (RAKCEC), and Ras Al Khaimah Poultry (RAPCO), but total value traded for the 3 of them was less than AED 100k worth.
