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Home / Features / UAE Financial Market News

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UAE Financial Market News

25 January 2010.UAE markets rose with some good gains in Dubai, led by Emaar, Arabtec, and DFM, although volumes were relatively low. On the Nasdaq Dubai at 1415 UAE time, DP World is up by 0.96%, Depa is unchanged, and Damas is up 17.3%. Dubai Financial Market The Dubai index rose 2.8% to 1614 points from turnover of AED 368m with Emaar Properties (EMAAR) the most active stock, up 5.7% to 3.14 from AED 145m worth of trading. Arabtec (ARTC) was the only other stock trading more than AED 100m worth, up 4.15% to 2.26. HITS Telecom was the top gainer, 15% limit up at 1.87, Dubai Financial Market (DFM) shares rose 7.6%, Deyaar Development (DEYAAR) was up 6.0%, Gulf Navigation (GULFNAV) 5.7%, and most other stocks were up between 1% and 4%. There was only one loser, Dubai Insurance (DIN) closing 5% limit down from just one trade, and Emirates NBD (ENBD) was unchanged on thin trading. Abu Dhabi Securities Exchange The ADX rose slightly by 0.32% to 2608 points from turnover of just AED 130m with Aldar Properties (ALDAR) the most actively traded stock, up 3.4% to 4.29 from AED 41m worth of deals. Abu Dhabi Ship Building (ADSB) was the top gainer, up 8.45% to 3.85 from just one small trade. Sharjah Islamic Bank (NBS) was the best gainer on trading of more than AED 1m, up 6.2% to 1.05. Abu Dhabi Commercial Bank (ADCB) rose 3.0%, Sorouh Real Estate (SOROUH) was up 2.2%, Ras Al Khaimah Properties (RAKPROP) 2.0%, and the remaining gainers rose less than 2% or on low volumes. Gulf Pharmaceutical Industries (JULPHAR) was the worst loser, down 8.4% to 1.64 from just a handful of trades. Al Khazna Insurance (AKIC) fell 4.0%, also on thin trading, and the other six losers all fell by less than 1%. Emirates Telecom (ETISALAT) was down 0.46%, and National Bank of Abu Dhabi (NBAD) was unchanged.

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