Special Features
UAE Financial Market News
05 August 2010. Aldar dropped sharply again, a handful of rarely traded Abu Dhabi insurance companies saw high value turnover from a single trade in each stock, and otherwise nothing much happened on the UAE stock markets. On the Nasdaq Dubai, DP World is down 1.65%, Depa is up 1.5%, and DGS is up 0.22%.Dubai Financial Market
Dubai stocks rose 0.31% to 1518 points from AED 56m worth of trading with Emaar Properties (EMAAR) the only stock trading more than AED 1m worth, unchanged at 3.29. Gulf Navigation (GULFNAV) was the best of the more active gainers, up 1.8% to 0.51.
Arab International Logistics (ARMX) rose 1.7%, Dubai Islamic Bank (DIB) 1.5%, Dubai Financial Market (DFM) 1.4%, and the other gainers were up less than 1% or on thin trading. Of the 7 losers, only 3 traded more than AED 1m worth - Arabtec (ARTC), Deyaar Development (DEYAAR), and Union Properties (UPP) - all falling less than 1%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.24% to 2529 points from trading worth AED 123m with Aldar Properties (ALDAR) the most actively traded stock, down 3.8% to 2.31, and also the worst loser. Abu Dhabi National Insurance (ADNIC) stood out in second place on turnover as it usually rarely sees any trades, up just 0.17% to 6.01 from a single trade of 3.2m shares. Agthia Group (AGTHIA) was the only other gainer trading more than AED 1m worth, up 2.0% to 2.06.
Waha Capital (OILC), Ras Al Khaimah Cement (RAKCC), National Bank of Abu Dhabi (NBAD), and Sorouh Real Estate (SOROUH) all fell between 1% and 1.5%, and Abu Dhabi Commercial Bank (ADCB) and First Gulf Bank (FGB) fell less than 1%. Emirates Telecom (ETISALAT) and Dana Gas (DANA) were unchanged, as were three other rarely traded insurance companies - Al Wathba National Insurance (AWNIC), Al Ain Ahlia Insurance (AAAIC), and Al Dhafra Insurance (DHAFRA), each one seeing a single high value trade.
