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Home / Features / UAE Financial Market News

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UAE Financial Market News

17 February 2010. UAE stock indexes were up again, although in Dubai that was mostly due to Emaar and Emirates NBD in the green while most other stocks were unchanged or in the red. On the Nasdaq Dubai at 1500 UAE time, DP World is up 1.2%, and Depa is unchanged. Dubai Financial Market Dubai stocks edged ahead by 0.40% to 1628 points from turnover of AED 170m with Emaar Properties (EMAAR) the top traded stock by value, up 0.66% to 3.07 from turnover of AED 70m. HITS Telecom was the best of the more active gainers, up 3.3% to 1.56, and Arabtec (ARTC) was the only other gainer trading more than AED 1m worth, up 0.92%. Emirates NBD (ENBD) rose 2.4% to 2.59 from just five small trades. Shuaa Capital (SHUAA) was the worst of the more active losers, down 2.5% to 1.17, Ektitab Holding (EKTTITAB) was down 1.5%, and the remaining losers were down less than 1.5% or on low volumes. Abu Dhabi Securities Exchange Abu Dhabi stocks rose 1.1% to 2759 points from turnover of AED 108m with Aldar Properties (ALDAR) the most actively traded share, up 2.1% to 3.85 from turnover of AED 52m. Abu Dhabi Commercial Bank (ADCB) was the best of the more active gainers, up 3.85% to 1.88, followed by Emirates Telecom (ETISALAT) up 3.1% to 11.80. The other gainers were up less than 3% or on low volumes, including a 10% limit up close for Abu Dhabi Ship Building (ADSB), and National Bank of Abu Dhabi (NBAD) up just 0.43%. There were only two losers trading more than AED 1m worth: Abu Dhabi Islamic Bank (ADIB) down 2.45%, and Sharjah Islamic Bank (NBS) down 2.8%.

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