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UAE Financial Market News

14 June 2010. UAE stocks fell today, on thin trading. On the Nasdaq Dubai at 1530 UAE time, Depa is unchanged, DP World is down 0.43%, and DGS is up 0.40%.

Dubai Financial Market

Dubai stocks fell 0.38% to 1523 points from AED 114m with Emaar Properties (EMAAR) the most active stock, down 0.63% to 3.15 from AED 55m. Deyaar Development (DEYAAR) was the worst of the more active losers, down 3.4% to 0.31, Drake & Scull (DSI) fel 2.5%, and the other losers were down less than 2% or on low volumes.

Dubai Investment Company (DIC) was the best of the more active gainers, up 1.95% to 0.79, Gulf Navigation (GULFNAV) rose 1.85%, and the other gainers were up less than 1% or on low volumes. Emirates NBD (ENBD) rose 0.38% to 2.66.

Abu Dhabi Securities Exchange

Abu Dhabi stocks fell 0.27% to 2527 points from turnover of AED 69m with Dana Gas (DANA) the most actively traded stock, and also the worst of the more active losers, down 2.9% to 0.65 from AED 26m. Commercial Bank International (CBI) and GLS both ended 10% limit down but from just one trade each.

Ras Al Khaimah Properties (RAKPROP) fell 2.5%, and the other losers were down less than 2% or on low trading. There were only two gainers trading more than AED 1m worth, Ras Al Khaimah Cement (RAKCC) up 2.8% to 0.74, and Agthia Group (AGTHIA) up 0.52% to 1.94. Emirates Telecom (ETISALAT) was unchanged at 10.40, and National Bank of Abu Dhabi (NBAD) fell 2.0% to 10.00.



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