Special Features
UAE Financial Market News
06 September 2010. UAE stocks rose again, especially in Dubai, led by Emaar, DFM, and Arabtec on improved volumes. On the Nasdaq Dubai, DP World fell 0.60%, and DEPA and DAMAS closed unchanged. Tomorrow is the last trading day before Eid Al Fitr, UAE markets will reopen on 04 Shawal according to news on the DFM website (Sunday or Monday depending on when Eid starts?).Dubai Financial Market
Dubai stocks rose 2.0% to 1569 points from trading worth AED 393m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 3.1% to 3.61 from AED 185m. HITS Telecom was the top gainer, up 6.1% to 0.66.
Dubai Financial Market (DFM) shares rose 5.3%, Arabtec (ARTC) was up 4.65%, and the other gainers were up less than 3%. There were 5 losers with only Arab International Logistics (ARMX) trading more than AED 1m, falling just 0.57% to 1.75.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.40% to 2517 points from trading worth AED 185m with Aldar Properties (ALDAR) the most active stock, up 3.0% to 2.39 from AED 60m. Except for a single small trade in Union Cement (UCC), Abu Dhabi Commercial Bank (ADCB) was the top gainer, up 4.0% to 1.87.
Sorouh Real Estate (SOROUH) rose 3.1%, Dana Gas (DANA) 2.6%, and the other gainers were up less than 2% or on thin trading. Of the 5 losers, Abu Dhabi National Hotels (ADNH) was the only one trading more than AED 1m, falling 7.4% to 3.05 to also get the gong for worst lower today. Emirates Telecom (ETISALAT) was unchanged, and National Bank of Abu Dhabi (NBAD) rose 1.35.
