Special Features
UAE Financial Market News
19 July 2010. UAE stocks rose slightly although Aabar was 10% limit up again as the stock price rises to meet the ESCA recommendation. On the Nasdaq Dubai, DP World is the only stock traded, up 6.7% to US$0.445.Dubai Financial Market
Dubai stocks rose 0.71% to 1518 points from trading worth more than AED 127m with Emaar Properties (EMAAR) the most active stock, up 0.30% to 3.30. Dubai National Insurance & Reinsurance (DNIR) was the best of the more actively traded stocks, up 3.8% to 2.20.
Arabtec (ARTC) rose 1.1%, and the other gainers were up less than 1% or on thin trading including Emirates NBD (ENBD) up 3.7%. There were only 4 losers, none trading more than AED 1m worth.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.31% to 2534 points from trading worth 113m with Dana Gas (DANA) the most actively traded stock, up 2.9% to 0.73. GLS, Ras Al Khaimah White Cement (RAKWCT), Aabar Energy (AABAR), and Ras Al Khaimah Properties (RAKPROP) all closed 10% limit up with only RAK Properties trading more than AED 1m worth.
Abu Dhabi Islamic Bank (ADIB) was up 2.5%, Sorouh Real Estate (SOROUH) 1.1%, and the other gainers were up on turnover of less than AED 1m. Union National Bank (UNB) and National Bank of Abu Dhabi (NBAD) closed unchanged. Aldar Properties (ALDAR) fell 0.75%, Emirates Telecom (ETISALAT) was down 0.48%, and the other losers fell on thin trading.
