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Home / Features / UAE Financial Market News

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UAE Financial Market News

01 March 2010. UAE stocks rose slightly with a good gain on relatively decent volumes for First Gulf Bank in Abu Dhabi. On the Nasdaq Dubai at 1515 UAE time, DP World is down 2.1%, and DGS is up 2.4%. Dubai Financial Market Dubai stocks rose 0.24% to 1597 points from turnover of AED 206m with Emaar Properties (EMAAR) the most actively traded stock, up 0.67% to 3.00 from AED 91m worth. Emarat Takaful Insurance (TAKAFUL-EM) was the top gainer, up 4.2% to 0.99, Arab Insurance Group (ARIG) was up 3.6% from low volumes, Islamic Arab Insurance (IAIC) rose 2.5%. Deyaar Development (DEYAAR) 2.2%, and the remaining gainers were up less than 2%. Union Properties (UPP) was the worst of the more active losers, down 2.1%, Gulf Navigation (GULFNAV) fell 1.6%, Ajman Islamic Bank (AJMANBANK) dropped by 1.2%, and the other losers were down less than 1% except for Global Investment House (GLOBAL) which fell 6.7% from a handful of small trades. Abu Dhabi Securities Exchange Abu Dhabi stocks rose 0.78% to 2725 points from turnover of AED 114m with Aldar Properties (ALDAR) the most actively traded stock, up 1.7% to 3.64 from AED 45m worth. First Gulf Bank (FGB) was the best of the more active gainers, up 5.3% to 18.00, Waha Capital (OILC) rose 3.5%. Abu Dhabi Islamic Bank (ADIB) 2.2%, and the remaining gainers were up less than 2% or on low volumes, including 10% limit up closes for Finance House (FH) and Green Crescent Insurance (GCIC). There were six losers with only Union National Bank (UNB) trading more than AED 1m worth, down 0.99% to 3.00. Emirates Telecom (ETISALAT) was unchanged at 11.95, and National Bank of Abu Dhabi (NBAD) rose 0.92%.

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