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UAE Financial Market News
10 February 2010. UAE markets were up in Abu Dhabi, just barely, with Etisalat relatively heavily traded, and down in Dubai with Emaar dropping sharply. On the Nasdaq Dubai at 1415 UAE time, DP World is down 3.5%, and Depa is unchanged. Dubai Financial Market Dubai stocks fell 1.2% to 1640 points from AED 339m worth of trading, with Emaar Properties (EMAAR) leading the way down, falling 4.3% to 3.13 from AED 165m worth of deals - the most active stock, and the worst loser apart from a handful of 10% limit down trades for HITS Telecom. Gulf Navigation (GULFNAV) and Drake & Scull (DSI) fell 3.4%. Dubai Financial Market (DFM) was down 3.1%, and most other stocks fell less than 3%. There were six losers with National Cement Company (NCC) the best of them, up 4.7% from just a couple of trades, and the others rising by less than 2% including Emirates NBD (ENBD), Air Arabia (AIRARABIA), and Arabtec (ARTC). Abu Dhabi Securities Exchange The ADX rose 0.22% to 2725 points from turnover of AED 149m with Emirates Telecom (ETISALAT) a surprise at the top of the traded value list, unchanged at 11.15 from AED 40m worth of deals. Finance House (FH), 10% limit up at 6.88, was the top gainer but from very few trades. Abu Dhabi Commercial Bank (ADCB) was the best of the more active gaienrs, up 2.8% to 1.85, Union National Bank (UNB) was up 2%, and the remaining gainers were up less than 2% or on low volumes. Waha Capital (OILC) was the worst of the more active losers, down 2.2% to 0.87, Ras Al Khaimah Properties (RAKPROP) fell 1.85%, and the other losers fell less than 1% or on low volumes.|
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