Special Features
UAE Financial Market News
10 June 2010. UAE stocks seem to be hibernating with little movement or activity on either the DFM or the ADX. On the Nasdaq Dubai at 1530 UAE time, DP World and Depa have seen a few trades but with no change in price.Dubai Financial Market
Dubai stocks saw little change again, rising 0.10% to 1514 points from turnover of AED 73m with Emaar Properties (EMAAR) the most active stock, up 0.32%to 3.11 from AED 31m worth. Only 3 other gainers saw trading worth more than AED 1m - Union Properties (UPP) up 4.35% to 0.38.
National General Cooling (TABREED) up by 3.7%, and Deyaar Development (DEYAAR) up just 0.92%. There were just 3 losers trading more than AED 1m worth - Dubai Islamic Bank (DIB) down 1.0% to 2.00, Air Arabia (AIRARABIA) down 0.71%, and Arabtec (ARTC) down 0.52%. Emirates NBD (ENBD) was unchanged at 2.66 on thin trading.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell slightly, by 0.21% to 2520 points from AED 75m worth of trading with Dana Gas (DANA) the most active stock, down 1.5% to 0.67 from just AED 18m worth, while usually more active Aldar Properties (ALDAR) didn’t even trade over the AED 10m mark as it fell 0.65% to 3.06.
Methaq Islamic Insurance (METHAQ) was the worst of the more active losers, down 6.8% to 1.49, Waha Capital (OILC) fell 1.85%, and the other losers were down less than 1% or on low volumes. Abu Dhabi Islamic Bank (ADIB) was the only gainer trading more than AED 1m worth, up just 0.39% to 2.56. Emirates Telecom (ETISALAT) was unchanged at 10.30, and National Bank of Abu Dhabi (NBAD) fell 0.60% to 10.00 from low turnover.
