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Home / Features / UAE Financial Market News

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UAE Financial Market News

10 March 2010. Abu Dhabi stocks were up, helped by increases in NBAD and Etisalat, while Dubai stocks fell slightly although DFM’s own shares were in the green. On the Nasdaq Dubai at 1445 UAE time, DP World is the only stock traded so far, up 1.6% to $0.445. Dubai Financial Market Dubai stocks fell 0.19% to 1660 points from turnover of AED 423m with Emaar Properties (EMAAR) the most actively traded stock, and the only one trading more than AED 100m worth, down 0.88% to 3.37 from AED 133m worth. HITS Telecom was the worst loser, down 7.65% to 1.57, followed by National General Cooling (TABREED) down 5.8%, and Drake & Scull (DSI) down 3.4%. The other losers were down less than 3% or on low volumes. Dubai Financial Market (DFM) shares were the best of the more active gainers, up 2.6% to 1.59, Arab International Logistics (ARMX) was up 1.7%, Islamic Arab Insurance (IAIC) 1.2%, and the other 3 gainers were up on low volumes, including 5% limit up closes for Gulf General Investment (GGICO) and Commercial Bank of Dubai (CBD). Abu Dhabi Securities Exchange Abu Dhabi stocks rose 1.2% to 2827 points from turnover of AED 198m with Aldar Properties (ALDAR) the most actively traded stock, up 3.9% to 3.96 from AED 76m worth of deals. Except for one small trade in National Bank Of Ras Al Khaimah (RAKBANK), First Gulf Bank (FGB) was the top gainer, up 4.5% to 18.35. National Bank of Abu Dhabi (NBAD) rose 2.6%, Abu Dhabi Commercial Bank (ADCB) rose 1.6%, Emirates Telecom (ETISALAT) was up 1.2%, and the other gainers were up less than 1% or on low volumes. Abu Dhabi National Hotels (ADNH) was the worst of the more active losers, down 6.2% to 4.33, Dana Gas (DANA) fell 2.3%, and the other losers fell less than 2% or on low volumes.

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