Special Features
UAE Financial Market News
29 September 2010. UAE stocks rose on moderate trading with Arabtec and Aramex doing well in Dubai. On the Nasdaq Dubai, DP World fell 1.7%, Depa was down 3.0%, and DGS rose 1.6%.Dubai Financial Market
Dubai stocks rose 0.72% to 1702 points from trading worth AED 220m with Arabtec (ARTC) the most active stock, up 2.0% to 2.03 from AED 66m. Except for a handful of small trades for Dar Takaful Insurance (DARTAKAFUL), Arab International Logistics (ARMX) was the best gainer, up 4.5% to 2.30.
Shuaa Capital (SHUAA) and Emirates Integrated Telecommunications (DU) rose 2.8%, and the other gainers were up less than 2%. Only 3 losers fell on turnover worth more than AED 1m - Ajman Islamic Bank (AJMANBANK) down 1.1%, Gulf Finance House (GFH) down 0.63%, and Dubai Investment Company (DIC) down 0.21%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.61% to 2677 points from trading worth AED 101m with Aldar Properties (ALDAR) the most actively traded stock, up 1.2% to 2.51 from AED 24m. Abu Dhabi Commercial Bank (ADCB) was the best of the more active gainers, up 3.2% to 2.31, Ras Al Khaimah Cement (RAKCC) rose 2.6%.
Ras Al Khaimah Properties (RAKPROP) was up 2.4%, Agthia Group (AGTHIA) 2.2%, and the remaining gainers rose less than 2% or on thin trading. There were only 5 losers with 3 trading more than AED 1m worth - National Bank of Abu Dhabi (NBAD), Abu Dhabi National Hotels (ADNH), and Union National Bank (UNB), all down by less than half a percent. Emirates Telecom (ETISALAT) rose 0.93% to 10.75.
