Special Features
UAE Financial Market News
13 September 2010. UAE stocks rose on increased trading levels after the news during Eid of most creditors accepting the Dubai World restructuring plan. On the Nasdaq Dubai, DP World rose 2.4%, and Depa was up 1.7%.Dubai Financial Market
Dubai stocks rose 2.4% to 1631 points from trading worth AED 438m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 2.7% to 3.78 from AED 191m worth. Dubai Financial Market (DFM) was the best of the more active gainers, up 6.0% to 1.76.
Emirates NBD (ENBD) closed 5% limit up at 2.75, Shuaa Capital (SHUAA) was up 4.8%, Deyaar Development (DEYAAR) 4.0%, Dubai Islamic Bank (DIB) 3.5%, Arabtec (ARTC) 3.3%, and most other stocks rose less than 3%. There were 4 losers with none trading more than AED 1m worth.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 1.4% to 2567 points from trading worth AED 218m with Aldar Properties (ALDAR) the most active stock, up 2.1% to 2.44 from AED 96m by value traded. Ras Al Khaimah Properties (RAKPROP) was the best of the more active gainers, up 5.1% to 0.41, First Gulf Bank (FGB) rose 4.8%.
Abu Dhabi Commercial Bank (ADCB) was up 3.7%, Sorouh Real Estate (SOROUH) 3.6%, and the other gainers were up less than 3% or on thin trading. There were 8 losers with only Abu Dhabi Islamic Bank (ADIB) trading more than AED 1m, falling 0.75% to 2.62. Emirates Telecom (ETISALAT) rose 0.99%, and National Bank of Abu Dhabi (NBAD) was unchanged.
