Business Listings

News

Events

Entertainment

Restaurants

Shopping

Business

Real Estate

Education

Education

Internet Services

Home / Features / UAE Financial Market News

Special Features

UAE Financial Market News

03 February 2010. UAE stocks rose, led by banks in Abu Dhabi, and Air Arabia in Dubai. On the Nasdaq Dubai at 1415 UAE time, DP World is up 1.0%, and DAmas is down 1.6%. Dubai Financial Market The Dubai index rose 0.67% to 1660 points from turnover of AED 336m with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, closing unchanged at 3.26. Air Arabia (AIRARABIA) was the best gainer, up 4.4% to 0.95, Union Properties (UPP) rose 3.85%, Ajman Islamic Bank (AJMANBANK) 3.7% on low volumes. Emirates NBD (ENBD) 3.6%, Shuaa Capital (SHUAA) 3.0%, and most other stocks were up less than 2% or unchanged. There were four losers, Arabtec (ARTC), Emirates Integrated Telecommunications (DU), National General Cooling (TABREED), and Drake & Scull (DSI); all falling between 1% and 2% with Arabtec the worst, down by 1.7%. Abu Dhabi Securities Exchange The ADX rose 1.2% to 2724 points from turnover of AED 159m with Aldar Properties (ALDAR) the most actively traded stock, up 1.7% to 4.13 from just AED 33m worth of deals. National Bank of Abu Dhabi (NBAD) was the best of the more active stocks, up 6.1% to 12.05, followed by First Gulf Bank (FGB) up 4.8% and Abu Dhabi Commercial Bank (ADCB) up 4.7%. Most other stocks were up less than 4% or on low volumes including limit up closes for Gulf Medical Projects (GMPC) and Al Khazna Insurance (AKIC). There were six losers, with Abu Dhabi National Hotels (ADNH) the worst of them, down 6.8%, but only Emirates Telecom (ETISALAT), down 0.45%, traded more than AED 1m worth.

We accept Guest Posts