Special Features
UAE Financial Market News
21 September 2010. UAE stocks rose on greater volumes, led by Aldar in Abu Dhabi, and Emaar in Dubai. On the Nasdaq Dubai, Depa was up 3.0%, DP World fell 2.4%, and Damas rose 6.7%.Dubai Financial Market
Dubai stocks rose 0.57% to 1701 points from AED 425m worth of trading with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 0.52% to 3.84 from AED 128m worth of shares traded. Apart from a couple of small trades for Al Salam Bank Sudan (ALSALAMSUDAN), Arab International Logistics (ARMX) was the top gainer, up 6.1% to 2.10, followed by Shuaa Capital (SHUAA) 5% limit up.
Ektitab Holding (EKTTITAB) rose 2.8% on thin trading, Ajman Islamic Bank (AJMANBANK) rose 2.5%, and the other gainers were up less than 2.5%. There were 7 losers including Islamic Arab Insurance (IAIC) down 1.7%, and Dubai Financial Market (DFM), Dubai Islamic Bank (DIB), and Dubai Investment Company (DIC) all down about half a percent. Emirates NBD (ENBD) was unchanged at 2.88.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.24% to 2638 points from AED 258m worth of trading with Aldar Properties (ALDAR) the only stock trading more than AED 100m, up 3.25% to 2.54 from AED 122m, and also the top gainer apart from small single trades in Abu Dhabi Ship Building (ADSB), Abu Dhabi National Takaful (TKFL), and Finance House (FH).
Other gainers included Sorouh Real Estate (SOROUH) up 2.9%, Waha Capital (OILC) and Ras Al Khaimah Cement (RAKCC) up 2.7%, Ras Al Khaimah Properties (RAKPROP) up 2.4%, and the remaining gainers up less than 2%. Only 2 of the 4 losers saw trading worth more than AED 1m - First Gulf Bank (FGB) down 0.67%, and Abu Dhabi Commercial Bank (ADCB) down 0.46%. Emirates Telecom (ETISALAT) was unchanged, and National Bank of Abu Dhabi (NBAD) rose 0.84%.
