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UAE Financial Market News
25 February 2010. DFM shares rose but ADX stocks fell, with nothing significant in the way of volumes or movements except for a large volume trade for National Bank of Umm Al Quwain. On the Nasdaq Dubai at 1400 UAE time, DP World is unchanged at $0.39. Dubai Financial Market Dubai stocks were up by 0.78% to 1581 points from turnover of AED 221m with Emaar Properties (EMAAR) the most active stock, up 1.05% to 2.88 from AED 75m worth of deals. The rarely traded Arab Insurance Group (ARIG) was the top gainer, up 7.3% to 2.20, Ajman Islamic Bank (AJMANBANK) rose 6.5%. Gulf Navigation (GULFNAV) 3.3%, Deyaar Development (DEYAAR) 2.1%, and most remaining stocks were up less than 2% or unchanged. There were 5 losers with HITS Telecom down 1.2%, and Air Arabia (AIRARABIA) down 1.0%, the worst of the more actively traded stocks. Abu Dhabi Securities Exchange Abu Dhabi stocks fell 0.65% from turnover of AED 133m, with Aldar Properties (ALDAR) the most active stock, falling 2.2% to 3.57 from AED 45m worth. National Bank of Umm Al Quwain (NBQ) stood out as the second most active stock by volume, down 1.9% to 3.53 from a single large trade of 9m shares worth AED 32m. Ras Al Khaimah Properties (RAKPROP) was the worst of the more active companies, down 3.9% to 0.50, Abu Dhabi Commercial Bank (ADCB) fell 3.5%. Abu Dhabi National Energy (TAQA) 2.5%, and the remainder by less than 2% or on low volumes. There were six gainers, with Finance House (FH) at the top of the list with a 10% limit up close from a single trade of just 100 shares, but there were no gainers trading more than AED 1m worth. Emirates Telecom (ETISALAT) was unchanged, and National Bank of Abu Dhabi (NBAD) fell 1.8%.|
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