Special Features
UAE Financial Market News
07 July 2010. UAE stocks were up marginally in Abu Dhabi with relatively busy trading for First Gulf Bank and Dana Gas, but down in Dubai. On the Nasdaq Dubai at 1530 UAE time, DP World is down 4.6% to US$0.41.Dubai Financial Market
Dubai stocks fell 0.86% to 1482 points from trading worth AED 74m with Emaar Properties (EMAAR) the most active stock, down 2.5% to 3.12 from AED 30m. Arabtec (ARTC) was the worst of the more active losers, down 2.8% to 1.71, Dubai Financial Market (DFM) fell 2.7%.
Dubai Islamic Bank (DIB) 2.0%, and the other losers were down less than 2% or on thin trading. Only 2 gainers traded more than AED 1m worth - Arab International Logistics (ARMX) up 1.3%, and Air Arabia (AIRARABIA) up 0.12%. Emirates NBD (ENBD) rose 2.0% on low volumes.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose just 0.07% to 2522 points from trading worth AED 121m with First Gulf Bank (FGB) the most active stock, down 0.35% to 14.50 from AED 38m worth. There were only 3 gainers trading more than AED 1m worth - Dana Gas (DANA) up 2.9% to 0.70, National Bank of Abu Dhabi (NBAD) convertible notes up 1.3%, and Emirates Telecom (ETISALAT) up 0.48%.
Abu Dhabi National Hotels (ADNH) was the worst of the more active losers, down 4.3% to 2.85, Ras Al Khaimah Cement (RAKCC) fell 1.75%, and the other losers were down less than 2% or on thin trading. National Bank of Abu Dhabi (NBAD) rose 0.45% to 11.00 from low volumes.
