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

23 February 2010. Most stocks were in the red, led by Emaar and Emirates NBD in Dubai. The Abu Dhabi index was saved from a bigger drop by a slight gain in Etisalat shares, and there was heavy trading in First Gulf Bank. On the Nasdaq Dubai at 1430 UAE time, DP World is down 2.2%, Depa is unchanged, and Damas is up 2.9%. Dubai Financial Market The Dubai index fell 2.2% to 1586 points from AED 189m worth of trading, with Emaar Properties (EMAAR) the most active stock, down 3.65% to 2.90 from AED 64m worth of deals. Al Madina Finance (ALMADINA) was the worst loser, down 7.4% to 0.88, followed by Union Properties (UPP) down 6.1%, and Gulf Finance House (GFH) down 6.0%. Emirates NBD (ENBD) was 5% limit down to 2.47, Deyaar Development (DEYAAR) fell 4.1%, and the remaining losers dropped between 1% and 4% except for a couple of low volume stocks with bigger falls. Drake & Scull (DSI) was the only gainer of note, up 1.2% to 0.85, the other 3 gainers rose over 2% but on low volumes. Abu Dhabi Securities Exchange The ADX index fell just 0.11% to 2750 points with First Gulf Bank (FGB) beating Aldar into top spot by traded value, closing unchanged at 17.00 from AED 66m worth of trading. Emirates Telecom (ETISALAT) was the only gainer of note, up 0.84% to 11.80, the other 7 gainers rising on low volumes, including a single 10% limit up trade for Union Cement (UCC) making it the top gainer. Aabar Energy (AABAR) was the worst of the more active losers, down 3.5% to 2.17, Ras Al Khaimah Properties (RAKPROP) fell 1.9%, Ras Al Khaimah Cement (RAKCC) 1.8%, Aldar Properties (ALDAR) 1.55%, and the other losers were down less than 1% or on low volumes.

We accept Guest Posts