Special Features
UAE Financial Market News
07 June 2010. UAE stocks didn’t go anywhere much today, with the ADX down slightly, and the DFM up slightly, both markets still trading low quantities. On the Nasdaq Dubai at 1500 UAE time, DP World is down 0.23%, and Depa is up 2.1%.Dubai Financial Market
Dubai stocks rose 0.31% to 1518 points from turnover worth AED 115m with Emaar Properties (EMAAR) the most active stock, up 1.3% to 3.14 from AED 55m. Al Madina Finance (ALMADINA) closed 15% limit up on low trading, Arabtec (ARTC) was the best of the more active gainers, up 2.1% to 1.97.
Emirates Integrated Telecommunications (DU) rose 2.0%, and the other gainers were up less than 2%. Union Properties (UPP) was the worst of the more active losers, down 1.9% to 0.36, Dubai Investment Company (DIC) fell 1.7%, and the other losers were down less than 1% or on low volumes, including Emirates NBD (ENBD), down 0.75%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.27% to 2531 points from trading worth AED 92m with First Gulf Bank (FGB) the most active stock (apart from 15m worth of NBAD convertible notes traded), falling 3.1% to 13.50 from just AED 14m worth of trading. Waha Capital (OILC) was the worst of the more active losers, down 5.3% to 0.55.
Abu Dhabi National Hotels (ADNH) fell 4.15%, and the remainder fell less than 2% or on low volumes, include 3 stocks 10% limit down - International Fish Farming (ASMAK), Foodco Holding (FOODCO), and Union Cement (UCC). Dana Gas (DANA) was the best of the more active gainers, up 1.5% to 0.67, Emirates Telecom (ETISALAT) rose 0.96%, and the others were up less than 1% or on thin trading. National Bank of Abu Dhabi (NBAD) was unchanged at 10.00 from just one small trade.
