Special Features
UAE Financial Market News
03 June 2010. The ADX rose while the DFM fell, both markets seeing low levels of activity. On the Nasdaq Dubai at 1445 UAE time, DP World is down 0.90%, and Depa is unchanged.Dubai Financial Market
Dubai stocks fell 0.52% to 1542 points from turnover of AED 207m with Emaar Properties (EMAAR) the most active stock, down 0.62% to 3.20 from AED 77m. Gulf General Investment (GGICO) and National Cement Company (NCC) were the worst losers, closing 5% limit down but from thin trading. Islamic Arab Insurance (IAIC) was the worst of the more active losers, down 2.3% to 0.75.
Deyaar Development (DEYAAR) fell 1.8%, Arabtec (ARTC) 1.5%, and the other losers fell less than 1.5% or on thin trading. There were 10 gainers but only 3 trading more than AED 1m worth - Air Arabia (AIRARABIA) up 2.6% to 0.875, Gulf Finance House (GFH) up 2.5%, and HITS Telecom up 1.9%. Emirates NBD (ENBD) rose just 0.38% to 2.68 from just under AED 1m worth.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.84% to 2571 points from low trading worth just AED 93m with Aldar Properties (ALDAR) the most active stock, up 2.9% to 3.16 from AED 26m. Dana Gas (DANA) was the best of the more active gainers, up 2.9% to 0.70, while Qatar Telecom (QTEL) and International Fish Farming (ASMAK) closed 10% limit up but from just 3 small trades between them.
Ras Al Khaimah Properties (RAKPROP) was up 2.5%, Sorouh Real Estate (SOROUH) 2.4%, Bank of Sharjah (BOS) 2.35%, and the other gainers rose less than 2% or on low volumes. Emirates Telecom (ETISALAT) rose 1.45%, and National Bank of Abu Dhabi (NBAD) rose 1.0%.
