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UAE Financial Market News

15 September 2010. UAE stocks rose slightly but volumes were down. On the Nasdaq Dubai, DP World is up 0.93%, and Depa is up 3.2%.

Dubai Financial Market

Dubai stocks rose 0.44% to 1627 points from trading worth AED 186m with Emaar Properties (EMAAR) the most active stock, up 0.81% to 3.73 from AED 80m. Arab International Logistics (ARMX) was the top gainer, up 4.6% to 1.83.

Dubai Investment Company (DIC) rose 2.2%, Air Arabia (AIRARABIA) 1.1%, and the other gainers were up less than 1% or on low volumes. Arabtec (ARTC) was the only loser trading more than AED 1m, down 0.54% to 1.85.

Abu Dhabi Securities Exchange

Abu Dhabi stocks rose 0.30% to 2601 points from trading worth AED 92m with Aldar Properties (ALDAR) the only stock trading more than AED 10m, down 0.83% to 2.36 from AED 42m of turnover. There were only two other losers trading more than AED 1m worth - Sorouh Real Estate (SOROUH) down 1.1%, and National Bank of Abu Dhabi (NBAD) down 0.42%.

Abu Dhabi National Energy (TAQA) was the best of the more active gainers, up 3.3% to 1.25, Abu Dhabi Commercial Bank (ADCB) rose 2.0%, Union National Bank (UNB) 1.2%, Emirates Telecom (ETISALAT) 0.97%, First Gulf Bank (FGB) 0.34%, and the others were up on low volumes.



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