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Home / Features / UAE Financial Market News

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UAE Financial Market News

02 March 2010. The Abu Dhabi index was unchanged, and the DFMGI fell slightly, both markets with little in the way of activity or significant movements. On the Nasdaq Dubai at 1530 UAE time, DP World and Depa have traded, both unchanged. Dubai Financial Market Dubai stocks fell 0.53% to 1588 points from turnover of AED 161m with Emaar Properties (EMAAR) the most active stock, down 0.33% to 2.99 from AED 63m worth of deals. Islamic Arab Insurance (IAIC) was the worst of the more active stocks, down 3.7% to 0.79. Ajman Islamic Bank (AJMANBANK) fell 2.4%, Arabtec (ARTC) 2.3%. Deyaar Development (DEYAAR) 2.1%, and the other losers fell less than 2% or on low volumes. There were only seven gainers, and only Gulf Finance House (GFH) and Arab International Logistics (ARMX) saw trading of more than AED 1m each, both up just over 1%. Emirates NBD (ENBD) rose 0.41% from just one small trade. Abu Dhabi Securities Exchange The ADX was almost unchanged at 2725 points (a 0.01% or 0.2 point rise was registered) from turnover of AED 109m with Aldar Properties (ALDAR) the most active stock, down 0.55% to 3.57 from AED 22m worth of deals. Emirates Telecom (ETISALAT) was a bit of a surprise in number two spot on turnover, up 0.84% to 12.00 from AED 18m worth. Abu Dhabi Islamic Bank (ADIB) was the best of the more active gainers, up 2.5% to 2.85 Waha Capital (OILC) rose 2.25%, and the other gainers were up less than 2% or on low volumes. Ras Al Khaimah Properties (RAKPROP) was the worst of the more active losers, down 1.9% to 0.51, Dana Gas (DANA) fell 1.2%, and the remaining losers fell less than 1%, or on low volumes, including 10% limit down closes for Finance House (FH) and Union Cement (UCC).

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