Special Features
UAE Financial Market News
14 September 2010. UAE stocks were mixed today with most companies in Abu Dhabi rising, but most stocks in Dubai in the red. On the Nasdaq Dubai DP World rose 4.5% to US$0.535.Dubai Financial Market
Dubai stocks fell 0.66% to 1620 points from trading worth AED 259m with Emaar Properties (EMAAR) the most active stock, down 2.1% to 3.70 from AED 85m worth of trading, and also topped the losers list except for a few small trades for Al Salam Bank Sudan (ALSALAMSUDAN), Gulf General Investment (GGICO), and Dar Takaful Insurance (DARTAKAFUL).
Other losers included Arabtec (ARTC) and National General Cooling (TABREED) down 2.1%, Union Properties (UPP) down 1.8%, Deyaar Development (DEYAAR) down 1.6%, and the remainder falling less than 1.5% or from thin trading. There were 6 gainers with only 2 trading more than AED 1m worth - Emirates Integrated Telecommunications (DU) up 2.5%, and Arab International Logistics (ARMX) up 1.2%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 1.0% to 2593 points from trading worth AED 129m with Aldar Properties (ALDAR) the most active stock, down 2.0% to 2.39 from AED 49m of deals. First Gulf Bank (FGB) was the best of the more active gainers, up 4.2% to 14.95, Abu Dhabi Commercial Bank (ADCB) rose 3.1%, National Bank of Abu Dhabi (NBAD) 2.1%, Ras Al Khaimah Ceramics (RAKCEC) 2.0%.
Emirates Telecom (ETISALAT) 1.0%, and the other gainers were up less than 1% or on thin trading. Ras Al Khaimah Properties (RAKPROP) was the worst of the more active losers, down 2.4% to 0.40, Waha Capital (OILC) fell 1.4%, Dana Gas (DANA) 1.2%, Sorouh Real Estate (SOROUH) 0.57%, and the other losers fell on turnover of less than AED 1m each.
