Special Features
UAE Financial Market News
20 September 2010. Dubai stocks rose, helped by a 2.9% gain in Emirates NBD on low trading, but Abu Dhabi stocks were mostly unchanged. On the Nasdaq Dubai, DP World fell 0.37%, Depa was up 8.2%, and DGS rose 1.3%.Dubai Financial Market
Dubai stocks rose 0.52% to 1692 points from trading worth AED 244m with Emaar Properties (EMAAR) the most active stock, down 0.78% to 3.82 from AED 78m worth. Except for a couple of trades in Dar Takaful Insurance (DARTAKAFUL), Islamic Arab Insurance (IAIC) was the top gainer, up 4.4% to 0.93, followed by Dubai Islamic Bank (DIB) up 3.5%, and Union Properties (UPP) up 3.1%.
Deyaar Development (DEYAAR) rose 1.9%, Arab International Logistics (ARMX) 1.0%, and the other gainers were up less than 1% or on thin trading. Emirates Integrated Telecommunications (DU) was the worst of the more active losers, down 1.2% to 2.50, Dubai Financial Market (DFM) fell 1.1%, Arabtec (ARTC) 1.0%, and the other losers were down less than 1% or on thin trading.
Abu Dhabi Securities Exchange
The Abu Dhabi index saw almost no change, down 0.03% to 2632 points from trading worth AED 88m with Aldar Properties (ALDAR) the most active stock, down 0.40% to 2.46 from AED 23m worth. Abu Dhabi Commercial Bank (ADCB) was the worst of the more active losers, down 2.3% to 2.11, Abu Dhabi Islamic Bank (ADIB) fell 1.5%, and the other losers were down less than 1% or on thin trading.
Apart from one small trade for National Bank of Umm Al Quwain (NBQ), Methaq Islamic Insurance (METHAQ) was the top gainer, up 3.9% to 1.29, followed by Arkan Building Materials (ARKAN) up 3.3% and Ras Al Khaimah Cement (RAKCC) up 2.7%. The other gainers rose on turnover of less than AED 1m each. Emirates Telecom (ETISALAT) was unchanged, and National Bank of Abu Dhabi (NBAD) fell 0.42%.
