Special Features
UAE Financial Market News
30 June 2010. UAE stocks saw more red again today with Deyaar the only stock with any significant green to show. On the Nasdaq Dubai at 1430 UAE time, DP World is down 2.3%, and Depa is down 1.3%.Dubai Financial Market
Dubai stocks fell 1.35% to 1462 points from trading worth AED 264m with Emaar Properties (EMAAR) the most active stock, down 1.3% to 3.06 from AED 69m worth. Union Properties (UPP) was the worst of the more active losers, down 3.2% to 0.36, Drake & Scull (DSI) fell 3.0%, Arabtec (ARTC) and Emirates NBD (ENBD) 2.8%.
Dubai Financial Market (DFM) 2.1%, and the other losers fell less than 2% or on low volumes. There were only 3 gainers - Deyaar Development (DEYAAR) up 4.2%, and Al Madina Finance (ALMADINA) and Air Arabia (AIRARABIA) up less than 1% each.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.69% to 2514 points from AED 114m worth of trading, with Aldar Properties (ALDAR) the most actively traded stock, down 3.5% to 2.73 from AED 44m. Union Cement (UCC), International Fish Farming (ASMAK), and Oman and Emirates Investment Holding (OEIHC) all closed 10% limit down but from just 4 small trades between them. Emirates Insurance (EIC) was the worst loser trading more than AED 1m worth, down 9.1% to 6.00.
Sorouh Real Estate (SOROUH) fell 4.9%, Aabar Energy (AABAR) and Ras Al Khaimah Properties (RAKPROP) 2.8%, and the other losers were down less than 2% or on thin trading. There were only 4 gainers, none trading more than AED 1m worth. Emirates Telecom (ETISALAT) fell 0.48%, and National Bank of Abu Dhabi (NBAD) was unchanged.
