Special Features
UAE Financial Market News
16 September 2010. UAE stocks rose although small falls in NBAD and Etisalat held back the ADX index. On the Nasdaq Dubai, DP World rose 1.3%, and DGS fell 0.27%.Dubai Financial Market
Dubai stocks rose 1.2% to 1647 points from AED 317m worth of trading with Emaar Properties (EMAAR) the only company trading more than AED 100m worth, up 1.6% to 3.79 from AED 145m. Apart from a couple of small trades for Arab Insurance Group (ARIG) and Gulf General Investment (GGICO).
National General Cooling (TABREED) was the best gainer, up 4.3% to 0.39. Dubai Islamic Bank (DIB) rose 3.35%, Emirates Integrated Telecommunications (DU) was up 2.4%, and the other gainers were up less than 2%. Only 3 stocks fell, none trading more than AED 1m worth.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.21% to 2607 points from trading worth AED 163m with Aldar Properties (ALDAR) the most active stock, up 0.84% to 2.43 from AED 48m. Apart from a couple of small trades for Ras Al Khaimah White Cement (RAKWCT) and United Arab Bank (UAB), Ras Al Khaimah Properties (RAKPROP) was the best gainer with a 5% inicrease to 0.42.
Dana Gas (DANA) rose 3.7%, Abu Dhabi Commercial Bank (ADCB) was up 2.9%, and the other gainers were up less than 2% or on thin trading. National Bank of Abu Dhabi (NBAD) was the worst of the more active losers, down 1.3% to 11.80, Emirates Telecom (ETISALAT) fell 0.48%, and the other losers were down less than 1% or on thin trading.
