Special Features
UAE Financial Market News
28 July 2010. Dubai stocks rose but Abu Dhabi stocks fell. On the Nasdaq Dubai, DP World is up 2.1%, Depa is up 3.0%, and Damas is unchanged.Dubai Financial Market
Dubai stocks rose 0.94% to 1513 points from AED 83m worth of trading with Emaar Properties (EMAAR) the most active stock, up 1.25% to 3.25 from AED 33m worth. Union Properties (UPP) was the best of the more active gainers, up 1.6% to 0.39, Drake & Scull (DSI) and Arab International Logistics (ARMX) rose 1.2%.
Dubai Islamic Bank (DIB) was up 1.0%, and the other gainers were up less than 1% or on thin trading. Only 3 losers saw trading of more than AED 1m worth - HITS Telecom down 7.1%, Gulf Finance House (GFH) down 6.8%, and Islamic Arab Insurance (IAIC) down 0.34%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.52% to 2547 points from trading worth AED 68m with Aldar Properties (ALDAR) the most actively traded stock, down 1.6% to 2.41 from AED 24m worth. Emirates Telecom (ETISALAT) was the worst loser, down 2.4% to 10.10, Sorouh Real Estate (SOROUH) fell 1.1%, and Aabar Energy (AABAR) was the only other loser trading more than AED 1m, down 0.52%.
Dana Gas (DANA), First Gulf Bank (FGB), Union National Bank (UNB), and Ras Al Khaimah Properties (RAKPROP) all closed unchanged. Qatar Telecom (QTEL), Finance House (FH), and Abu Dhabi Aviation (ADAVIATION) all closed 10% limit up but from thin trading, National Bank of Abu Dhabi (NBAD) was the only gainer trading more than AED 1m worth, up 2.3% to 11.35.
