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Home / Features / UAE Financial Market News

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UAE Financial Market News

15 February 2010. There was little activity in the UAE markets with the majority of stocks in the red but the Dubai index propped up somewhat by a gain in Emirates NBD. On the Nasdaq Dubai, DP World is down 5.5%, and Damas fell 4.3% from just one trade. Dubai Financial Market Dubai stocks fell 0.28% to 1613 points from turnover down from yesterday at AED 197m worth with Emaar Properties (EMAAR) the most active stock, falling 1.0% to 3.01 from AED 79m worth of deals. Gulf Finance House (GFH) was the worst loser, down 7.3% to 1.01, Arabtec (ARTC) fell 2.3%. Union Properties (UPP) by 2.0%, and the remaining losers decreased by less than 2% or on low volumes. Deyaar Development (DEYAAR) was the best of the more active gainers, up 2.0% to 0.50. Emirates NBD (ENBD) rose 2.0%, Global Investment House (GLOBAL) was up 8.1%, Al Salam Bank Sudan (ALSALAMSUDAN) rose 2.6%, all on low volumes, and the other gainers rose between 1% and 2%. Abu Dhabi Securities Exchange Abu Dhabi stocks fell 0.58% to 2710 points from turnover of AED 107 million with Aldar Properties (ALDAR) the most actively traded stock, falling 4.1% to 3.69 from AED 54m worth. Sorouh Real Estate (SOROUH) was the only other stock with turnover of more than AED 10m, down 3.0% to 2.22 from just AED 12m worth. Abu Dhabi Islamic Bank (ADIB) was the worst of the more active losers, down 6.6% to 2.83, Ras Al Khaimah Properties (RAKPROP) fell 1.9%. Dana Gas (DANA) 1.1%, and the other losers fell less than 1% or on low volumes. National Bank of Abu Dhabi (NBAD) was down 0.42% to 11.85, and Emirates Telecom (ETISALAT) was unchanged at 11.20. There were only three gainers, Gulf Cement (GCEM) and Ras Al Khaimah Ceramics (RAKCEC) up almost 10%, and Abu Dhabi Ship Building (ADSB) up just 0.29%, but none trading more than AED 1m worth.

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