Special Features
UAE Financial Market News
08 August 2010. Most UAE stocks dropped with Aldar leading the way down, although the ADX was almost unchanged as a result of gains for NBAD and Etisalat. Heavy trading in Aabar meant the ADX saw close to AED 1 billion worth of turnover - much more than usual. On the Nasdaq Dubai, DP World rose 1.7%, and Depa fell 3.0%.Dubai Financial Market
Dubai stocks fell 1.6% to 1494 points from trading worth AED 89m with Emaar Properties (EMAAR) the most active stock, down 2.4% to 3.21 from AED 41m. Arabtec (ARTC) was the worst of the more active losers, down 3.4% to 1.69, Dubai Islamic Bank (DIB) fell 3.0%, Emirates NBD (ENBD) 2.4% from thin trading.
Union Properties (UPP) 2.4%, and Dubai Financial Market (DFM) 2.0%. The other losers dropped by less than 2% or on turnover of less than AED 1m. There were 5 gainers, including a 15% limit up close for International Financial Advisers (IFA) from one small trade, but none saw turnover of more than AED 1m.
Abu Dhabi Securities Exchange
Abu Dhabi stocks dropped marginally, by 0.07% to 2528 points from AED 955m worth of trading, mostly from Aabar Energy (AABAR) shares which rose 1.0% to 1.95 from AED 840m. Except for a couple of small 10% limit down trades in Finance House (FH), Aldar Properties (ALDAR) was the worst loser, dropping 5.2% to 2.27.
Ras Al Khaimah Properties (RAKPROP) fell 4.9%, Dana Gas (DANA) 3.75%, Waha Capital (OILC) 2.9%, Sorouh Real Estate (SOROUH) 2.35%, and the other losers were down less than 2% or from thin trading. There were only 3 other gainers apart from Aabar - Gulf Cement (GCEM) up 6.8% to 1.77 from just a couple of trades, National Bank of Abu Dhabi (NBAD) up 1.8%, and Emirates Telecom (ETISALAT) up 0.50%.
