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UAE Financial Market News
01 February 2010. Most stocks were in the green today by about 1% to 4%, although volumes were low in Abu Dhabi. Aabar stood out with a solid rise and was the busiest stock on the ADX. On the Nasdaq Dubai at 1415 UAE time, DP World is the only stock traded, down 1.4% to $0.49. Dubai Financial Market The Dubai index rose 2.2% to 1625 points from turnover of AED 314m, with Emaar Properties (EMAAR) the most active stock, rising 3.3% to 3.17 from AED 136m worth of shares traded. Shuaa Capital (SHUAA) was the best of the more active stocks, up 7.6% to 1.28 Dubai Islamic Insurance (AMAN) rose 6.9%. Dubai Islamic Bank (DIB) was up 4.8%, and most other stocks rose between 1% and 4%. The worst loser was Dubai Insurance (DIN), 5% limit down to 18.40, and Gulf Navigation (GULFNAV) was the only loser trading more than AED 1m worth as it fell 3.3% to 0.58. Abu Dhabi Securities Exchange The ADX rose 1.2% to 2665 points from low turnover of AED 112m, with Aabar Energy (AABAR) the most actively traded stock but still only trading AED 23m worth as it rose 4.05% to 2.29, the best of the more active stocks. Al Khazna Insurance (AKIC), 10% limit up, was the top gainer but from few trades. Ras Al Khaimah White Cement (RAKWCT) was up 3.9%. Ras Al Khaimah Properties (RAKPROP) 3.8%, and the remaining gainers were up less than 3% or on low volumes. There were just five losers, with National Corporation for Tourism & Hotels (NCTH) the worst of them, down 4.0% to 8.00. Dana Gas (DANA) was the only other loser trading more than AED 1m, and fell 1.1%. National Bank of Abu Dhabi (NBAD) rose 1.8%, and Emirates Telecom (ETISALAT) was up 0.91%.|
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