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Home / Features / UAE Financial Market News

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UAE Financial Market News

14 March 2010. UAE stocks were up, with a substantial gain on increased trading for Emaar, DFM, and Arabtec, while banks in Abu Dhabi stood out in the green list. On the Nasdaq Dubai at 1530 UAE time, DP World is up 4.4%, and Depa is unchanged. Dubai Financial Market Dubai stocks jumped 3.7% to 1747 points from relatively high turnover of AED 936m with Emaar Properties (EMAAR) the most active stock, up a solid 7.45% to 3.75 from AED 329m worth of deals. The top gainer was Shuaa Capital (SHUAA), up 11.5% to 1.36, followed by Dubai Financial Market (DFM) shares up 9.6% to 1.82 from AED 225m worth of deals. Arabtec (ARTC) was the only other stock trading more than AED 100m worth, up 4.5% to 2.34. Emirates NBD (ENBD) increased by 4.4%, and most other gainers were up between 1% and 4%. There were only two losers - Global Investment House (GLOBAL) down 3.4%, and Ajman Islamic Bank (AJMANBANK) down 1.2%. Abu Dhabi Securities Exchange Abu Dhabi stocks rose 1.2% to 2868 points from AED 192m worth of trading with Aldar Properties (ALDAR) the most actively traded stock, up 1.0% to 4.10 from AED 80m worth. Abu Dhabi Commercial Bank (ADCB) was the best of the more active stocks, up 4.2% to 2.02, followed by National Bank of Abu Dhabi (NBAD) up 3.8%, and Abu Dhabi Islamic Bank (ADIB) up 2.4%. The other gainers were up less than 2% or on low volumes. Emirates Telecom (ETISALAT) rose 1.2% to 12.55. Finance House (FH) was the worst of the nine losers, down 7.55% to 4.40, but there were none trading volumes of more than AED 1m.

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