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

11 February 2010. UAE stocks rose although trading volumes were low. Two Dubai heavyweights, Emirates NBD and Emaar Properties released results today with neither reporting much to get excited about in the fourth quarter. Although perhaps after all the grim news for the past 12-18 months, not losing money is worth celebrating. On the Nasdaq Dubai at 1515 UAE time, DP World is unchanged, and Depa is up 1.8%. Dubai Financial Market Dubai stocks rose 2.2% to 1676 points from AED 244m worth of trading with Emaar Properties (EMAAR) the most active stock, rising 3.2% to 3.23 from a relatively modest AED 88m worth of trading. Global Investment House (GLOBAL) was the top gainer, up 12.3% but from one tiny trade worth less than the broker’s commission. Dubai Islamic Bank (DIB) was the best of the more active stocks, up 5.2% to 2.44, Emirates NBD (ENBD) closed 5% limit up, Al Madina Finance (ALMADINA) and Ektitab Holding (EKTTITAB) rose more than 3% each, and most other stocks were up less than 3%. There were only three losers, none trading more than AED 1m worth, and National Cement Company (NCC) the worst with a 3.6% fall to 3.25. Abu Dhabi Securities Exchange The ADX rose 0.68% to 2744 points from turnover of AED 101m with Aldar Properties (ALDAR) the most active stock, unchanged at 4.00 from just AED 23m worth of deals. First Gulf Bank (FGB) was the top gainer of the stocks trading more than AED 1m, rising 3.7% to 17.05 from AED 18m worth. Abu Dhabi Commercial Bank (ADCB) was up 3.3%, and the other gainers rose less than 2% or on low volumes. The rarely traded Oman and Emirates Investment Holding (OEIHC) was the worst loser, 10% limit down but from just one small trade. Ras Al Khaimah White Cement (RAKWCT) fell 1.8%, and the other losers were down less than 1% or on low volumes. Emirates Telecom (ETISALAT) was up 0.45%, and National Bank of Abu Dhabi (NBAD) was up 0.42%.

We accept Guest Posts