Special Features
UAE Financial Market News
02 August 2010. There was little change in UAE stocks with the ADX up a point and a half, and the DFM down by just under a point. Waha Capital stood out with limit up trading on stronger volumes. On the Nasdaq Dubai, Depa fell 1.5%, DP World rose 1.5%, and Damas traded unchanged.Dubai Financial Market
Dubai stocks fell marginally by 0.05% to 1510 points from trading worth AED 54m with Emaar Properties (EMAAR) the only stock trading more than AED 10m worth, up 0.61% to 3.28 from AED 22m. Arab International Logistics (ARMX) was the best of the more active gainers, up 2.35% to 1.74, Gulf Finance House (GFH) rose 1.3%.
Emirates Integrated Telecommunications (DU) and Drake & Scull (DSI) both rose less than 0.5%, and the other gainers were up on thin trading. Only two losers fell on trading worth more than AED 1m - Dubai Financial Market (DFM) and Air Arabia (AIRARABIA), both down less than 1%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks were up marginally by 0.06% to 2537 points with turnover of AED 148m. National Bank of Abu Dhabi (NBAD) bonds took top spot by value, falling 0.12% to 78.00 from AED 58m worth. There were only two other losers trading more than AED 1m worth - Ras Al Khaimah Cement (RAKCC) down 2.7%, and First Gulf Bank (FGB) down 2.1%.
Waha Capital (OILC) was the top gainer, closing 10% limit up from greater than usual volumes, Abu Dhabi National Energy (TAQA) rose 4.2%, Ras Al Khaimah Properties (RAKPROP) 2.5%, Aldar Properties (ALDAR) 2.1%, and the other gainers rose on trading of less than AED 1m. Dana Gas (DANA), Sorouh Real Estate (SOROUH), Aabar Energy (AABAR), Emirates Telecom (ETISALAT), National Bank of Abu Dhabi (NBAD), and Abu Dhabi Commercial Bank (ADCB) all closed unchanged.
