Special Features
UAE Financial Market News
01 September 2010. UAE stocks were mixed with National Bank of Umm Al Quwain the standout loser on relatively high volumes, while Du Telecom in Dubai saw a decent rise. On the Nasdaq Dubai, DP World rose 0.84%, and Depa was up 5.5%.Dubai Financial Market
Dubai stocks rose 0.19% to 1487 points from trading worth AED 53m with Arab International Logistics (ARMX) taking top spot by traded value for a change, up 1.2% to 1.74. Emirates Integrated Telecommunications (DU) was the top gainer, up 4.3% to 2.18, Arabtec (ARTC) rose 1.2%, and the other gainers were up less than 1% or on thin trading.
Emaar Properties (EMAAR) rose 0.61% to 3.28. HITS Telecom was the worst loser, down 4.9% to 0.62, Dubai Investment Company (DIC) fell 2.4%, Shuaa Capital (SHUAA) 2.2%, Drake & Scull (DSI) 1.2%, AIRARBIA 0.63%, and the other losers fell on turnover of less than AED 1m.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.27% to 2492 points from AED 106m worth of trading with First Gulf Bank (FGB) the most active stock, down 0.36% to 13.80 from AED 34m. National Bank of Umm Al Quwain (NBQ) was the biggest loser, down 7.6% to 2.30 from greater than usual trading worth AED 21m.
Abu Dhabi National Energy (TAQA) was the only other loser trading more than AED 1m worth, down 2.5% to 1.19. Only 3 gainers traded more than AED 1m worth - Aldar Properties (ALDAR) up 1.8% to 2.28, Sorouh Real Estate (SOROUH) up 0.63%, and National Bank of Abu Dhabi (NBAD) convertible bonds up 0.31%. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) closed unchanged.
