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Home / Features / UAE Financial Market News

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UAE Financial Market News

24 February 2010. Most UAE stocks continued to grind on down on modest volumes today. On the Nasdaq Dubai at 1400 UAE time, DP World is the only stock traded, down 2.5% to $0.39. Dubai Financial Market Dubai stocks were down by 1.0% to 1570 points from turnover of AED 206m with Emaar Properties (EMAAR) the most actively traded stock, down 1.7% to 2.85 from AED 77m worth of deals. Shuaa Capital (SHUAA) was the worst loser, down 5.1% to 1.12, Ajman Islamic Bank (AJMANBANK) fell 4.9%. Islamic Arab Insurance (IAIC) dropped by 3.75%, Gulf Finance House (GFH) by 3.2%, and the remaining losers were down less than 3% or on low volumes. There were only five gainers, including Gulf Navigation (GULFNAV) up 3.4%, and Union Properties (UPP) up 2.2%. Abu Dhabi Securities Exchange Abu Dhabi stocks fell 1.1% to 2719 points from turnover of AED 114m with Aldar Properties (ALDAR) the most active stock, down 3.7% to 3.66 from AED 32m worth of trading. Methaq Islamic Insurance (METHAQ) was the worst loser of the more active stocks, down 7.7% to 2.67, although there was a single 10% limit down trade for Abu Dhabi Aviation (ADAVIATION). Abu Dhabi Commercial Bank (ADCB) fell 5.6%, Dana Gas (DANA) decreased by 3.45%, Waha Capital (OILC) by 3.3%, and most other stocks were down by less than 3%. Emirates Telecom (ETISALAT) fell 0.84%, and National Bank of Abu Dhabi (NBAD) by 2.2%. There were only four gainers, none trading more than AED 1m worth.

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