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Home / Features / UAE Financial Market News

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UAE Financial Market News

21 February 2010. Dubai saw less trading than Abu Dhabi for a change, although both markets were fairly quiet, and both indexes were in the red - Abu Dhabi dragged down by Etisalat and NBAD despite most stocks in the green. On the Nasdaq Dubai at 1445 UAE time, DP World is up 1.0%, and Depa is unchanged. Dubai Financial Market Dubai stocks were down slightly by 0.13% (or just two points) to 1624 points from trading of AED 99m with Emaar Properties (EMAAR) the most active stock, up 0.33% to 3.04 from just AED 29m worth of deals, and the only stock trading more than AED 10m worth. HITS Telecom was the top gainer, up 5.6% to 1.70 from a relatively active AED 5.5m worth of trades, EKKTITAB rose 3.2%, Emarat Takaful Insurance (TAKAFUL-EM) was up 3.0%, and the remaining gainers were up less than 2.5%. Union Properties (UPP) was the worst of the more active losers, down 2.0% to 0.49, and the other losers were down less than 1.5% or on low volumes. Abu Dhabi Securities Exchange Abu Dhabi stocks fell 0.43% to 2755 points from turnover of AED 114m with Aldar Properties (ALDAR) the top traded stock by value, up 0.79% to 3.80 from AED 37m worth. Waha Capital (OILC) was the best of the more active gainers, up 2.2% to 0.991, Ras Al Khaimah Cement (RAKCC) increased by 1.85%. Abu Dhabi Commercial Bank (ADCB) by 1.1%, and the other gainers were up less than 1% or on low volumes. Out of the eleven losers, only Emirates Telecom (ETISALAT) down 1.25%, and National Bank of Abu Dhabi (NBAD) down 0.86%, saw more than AED 1m worth of trading.

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