Special Features
UAE Financial Market News
09 August 2010. UAE stocks fell in Abu Dhabi but rose in Dubai. On the Nasdaq Dubai, DP World was the only stock traded, unchanged at US$0.485.Dubai Financial Market
Dubai stocks rose 0.51% to 1501 points from trading worth AED 75m with Emaar Properties (EMAAR) the most active stock, up 0.93% to 3.24 from AED 20m. Union Properties (UPP) was the best of the more active gainers, up 2.45% to 0.38, Dubai Islamic Insurance (AMAN) rose 3.6% but from thin trading, and the other gainers were up less than 2%, including Emirates NBD (ENBD) up 1.2% from low volumes.
Five stocks fell with only two trading more than AED 1m - Air Arabia (AIRARABIA) down 0.94%, and Emirates Integrated Telecommunications (DU) down 0.50% before trading was suspended at 1pm while it had a meeting.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.64% to 2511 points from AED 174m worth of trading with Aldar Properties (ALDAR) the most active stock, down 3.7% to 2.15 from AED 82m. The rarely traded Al Wathba National Insurance (AWNIC) stood out in second spot on turnover from a single trade of 7m shares, down 0.18% to 5.66. Emirates Telecom (ETISALAT) was the only other stock trading more than AED 10m worth, down 0.50% to 10.05.
Aabar Energy (AABAR) was the worst of the more active losers, down 6.7% to 1.82, Dana Gas (DANA) fell 2.6%, and the other losers were down less than 2% except for a couple of small trades for International Fish Farming (ASMAK) which closed 10% limit down at 8.19. Only two gainers saw trading of more than AED 1m - Abu Dhabi National Energy (TAQA) and Sorouh Real Estate (SOROUH), both up less than 1%.
