Special Features
UAE Financial Market News
08 June 2010. UAE stocks continued to drift on low volumes with both the ADX and DFM both closing in the red slightly. On the Nasdaq Dubai at 1415 UAE time, Depa is unchanged, Damas is down 7.5%, and DP World is down 2.0%.Dubai Financial Market
Dubai stocks fell 0.30% to 1514 points from turnover of AED 109m with Emaar Properties (EMAAR) the most active stock, down 1.3% to 3.10 from AED 54m. Arab International Logistics (ARMX) was the worst loser, down 1.4% to 1.42, Air Arabia (AIRARABIA) fel 1.2%, and the other losers fell less than 1%.
Gulf Finance House (GFH) was the best of the more active gainers, up 4.6% t0 0.53, Dubai Investment Company (DIC) rose 1.6%, and the other gainers were up less than 1% or on thin trading, including Emirates NBD (ENBD) up 0.76% to 2.66.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.24% to 2525 points from trading worth AED 106m with Sorouh Real Estate (SOROUH) the most actively traded stock, up 0.97% to 2.05 from AED 21m, although National Bank of Abu Dhabi (NBAD) convertible notes saw greater turnover, up 1.3% to 77.01 from AED 25m. Emirates Insurance (EIC) was the worst of the losers trading more than AED 1m worth, down 3.6% to 6.00, Ras Al Khaimah Properties (RAKPROP) fell 2.5%, and the other losers fell less than 2% or on thin trading.
Green Crescent Insurance (GCIC) was the top gainer, 10% limit up but on low volumes. Waha Capital (OILC) was the best of the more active gainers, up 1.85% to 0.55, Agthia Group (AGTHIA) rose 1.6%, Dana Gas (DANA) 1.5%, and the other gainers were up less than 1.5%. Emirates Telecom (ETISALAT) fell 0.48% to 10.40, and National Bank of Abu Dhabi (NBAD) rose 0.50% to 10.05 but on thin trading.
