Special Features
UAE Financial Market News
02 June 2010. UAE stocks got off to a shaky start today but recovered somewhat, especially in Dubai where the index managed to close in the green. However, volumes were still very low. On the Nasdaq Dubai at 1415 UAE time, DP World is up 0.45%, and DGS is down 0.12%.Dubai Financial Market
Dubai stocks rose 1.2% to 1550 points from trading worth AED 175m with Emaar Properties (EMAAR) the most active stock, up 2.2% to 3.22 from AED 69m worth. HITS Telecom was the best of the more active gainers, up 8.85% to 0.85, Deyaar Development (DEYAAR) rose 5.4%.
Arab International Logistics (ARMX) 3.55%, Dubai Financial Market (DFM) 3.25%, and the other gainers rose less than 3% or on low volumes. There were only 4 losers, and only 2 trading more than AED 1m - Emirates Integrated Telecommunications (DU) down 2.3%, and Drake & Scull (DSI) down just 0.12%. Emirates NBD (ENBD) rose 0.76% to 2.67.
Abu Dhabi Securities Exchange
Abu Dhabi stocks closed down by just 0.13% at 2550 points from turnover of AED 93m with Aldar Properties (ALDAR) the most active stock, up 0.65% to 3.17 from a rather thin AED 22m worth. Ras Al Khaimah Properties (RAKPROP) was the worst of the more active losers, down 2.4% to 0.41, Gulf Pharmaceutical Industries (JULPHAR) fell 2.2%, Union National Bank (UNB) 2.0%, and the other losers were down less than 2% or on low volumes.
First Gulf Bank (FGB) was the best of the more active gainers, up 2.0% to 14.85, Waha Capital (OILC) rose 1.7%, and Aldar was the only other gainer trading more than AED 1m worth. National Bank of Abu Dhabi (NBAD) rose just 0.20% from less than AED 1m worth of trades, and Emirates Telecom (ETISALAT) fell 0.48%.
