Special Features
UAE Financial Market News
23 June 2010. Dubai stocks rose with some big increases for stocks trading at less than 40 fils per share, perhaps prompted by comments in the press from the SCA that they wouldn’t be delisted for now. On the Nasdaq Dubai at 1430 UAE time, DP World is the only stock traded so far, down 0.80% to US$0.496.Dubai Financial Market
Dubai stocks rose 0.59% to 1551 points from trading worth AED 179m with Emaar Properties (EMAAR) the most active stock, up 1.l2% to 3.33 from AED 67m worth of trading. Deyaar Development (DEYAAR) was the top gainer, up 13.7% to 0.35, National General Cooling (TABREED) rose 7.9%, Union Properties (UPP) was up 5.4%, Arab International Logistics (ARMX) 4.0%, and Dubai Financial Market (DFM) 0.64%.
The other gainers rose on turnover of less than AED 1m. Emirates Integrated Telecommunications (DU) was the worst of the more active losers, down 3.6% to 2.17, Dubai Investment Company (DIC) fell 1.0%, and the other losers fell less than 1% or on thin trading. Emirates NBD (ENBD) was down 0.38% to 2.65 but from just one small trade.
Abu Dhabi Securities Exchange
Abu Dhabi stocks were almost unchanged with a 0.01% increase to 2552 points from turnover of AED 147m with Dana Gas (DANA) the most active stock, up 2.9% to 0.71 from AED 34m. Aabar Energy (AABAR) was the best of the more active gainers, up 4.8% to 1.70 from 20m, and Sorouh Real Estate (SOROUH) was the only other gainer trading more than AED 1m, up 0.52% to 1.94.
National Bank of Umm Al Quwain (NBQ) was the worst of the more active losers, down 2.0% to 2.50 from AED 15.25m, although there were only two trades. There were only 3 other losers trading more than AED 1m worth - First Gulf Bank (FGB) down 0.66%, Aldar Properties (ALDAR) down 0.64%, and National Bank of Abu Dhabi (NBAD) down 0.46%. Emirates Telecom (ETISALAT) was unchanged at 10.25.
