Special Features
UAE Financial Market News
05 September 2010. Dubai stocks surged on increased volumes, led by Emaar. Abu Dhabi stocks also rose slightly. On the Nasdaq Dubai, DP World was the only stock traded, rising 1.4% to US$0.50.Dubai Financial Market
Dubai stocks rose 2.7% to 1538 points from trading worth AED 208m with Emaar Properties (EMAAR) the most active stock, up 5.4% to 3.50 from AED 116m. Emaar was also the top gainer except for a handful of small trades for Al Salam Bank (SALAM_BAH), up 6.5%.
Dubai Financial Market (DFM) shares rose 4.8%, Arabtec (ARTC) 4.2%, Dubai Islamic Bank (DIB) and Emirates Integrated Telecommunications (DU) 3.7%, and and the remaining gainers rose less than 3%. There were only two losers - Gulf Finance House (GFH) 10% limit down from just one trade, and Arab International Logistics (ARMX) down 1.7% to 1.76.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.51% to 2507 points from trading worth AED 103m with Aldar Properties (ALDAR) the most active stock, up 0.87% to 2.34 from AED 44m. Abu Dhabi Commercial Bank (ADCB) was the best of the more active gainers, up 2.9% to 1.74.
Ras Al Khaimah Properties (RAKPROP) rose 2.6%, and the other gainers were up less than 2% or on thin trading. Aabar Energy (AABAR) was the only loser trading more than AED 1m worth, down 3.4% to 1.46. National Bank of Abu Dhabi (NBAD) rose 0.44% and Emirates Telecom (ETISALAT) rose 0.50%.
