Special Features
UAE Financial Market News
18 July 2010. The week started with low trading levels, and most stocks in Dubai in the red slightly. Aabar stood out in Abu Dhabi with a limit up close after ESCA recommended a higher buyout price. On the Nasdaq Dubai, DP World fell 4.8%, and Depa fell 1.4%.Dubai Financial Market
Dubai stocks fell 0.83% to 1508 points from trading worth AED 87m with Emaar Properties (EMAAR) the most active stock, down 0.6% to 3.29 from AED 33m.
Arabtec (ARTC) was the worst of the more active losers, down 2.7% to 1.79, the other actively traded losers fell less than 2%. Only 2 gainers saw trading worth more than AED 1m - Emirates Integrated Telecommunications (DU), up 2.5% to 2.06 and Ajman Islamic Bank (AJMANBANK) up 1.6%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks were up slightly, by 0.11% to 2526 points from AED 49m worth of trading with Aldar Properties (ALDAR) the only stock trading more than AED 10m worth, unchanged at 2.67.
Only 5 other stocks traded more than AED 1m worth - Aabar Energy (AABAR), the top gainer, 10% limit up at 1.59, Emirates Telecom (ETISALAT) and First Gulf Bank (FGB) both up less than 0.5%, Dana Gas (DANA) down 1.4%, and Sorouh Real Estate (SOROUH) down 0.57%. National Bank of Abu Dhabi (NBAD) was unchanged at 10.95 from low trading.
