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Home / Features / UAE Financial Market News

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UAE Financial Market News

10 August 2010. UAE stocks slipped away again today although a couple of more active stocks managed to rise. On the Nasdaq Dubai, DP World is up 0.41%, and Depa is up 1.7%. Dubai Financial Market Dubai stocks fell 0.34% to 1496 points from AED 62m worth of trading with Arabtec (ARTC) the most active stock, down 1.2% to 1.68 from AED 13m. Emirates Integrated Telecommunications (DU) was the only other company trading more than AED 10m worth, up 0.99% to 2.03 from AED 12m, while Emaar Properties (EMAAR) could only manage AED 5.1m worth of trading as it fell 0.93%. Gulf Navigation (GULFNAV) was the worst of the more active losers, down 3.5% to 0.50, while the others fell less than 2% or on thin trading. Apart from Du, only two other gainers saw more than AED 1m worth of trading - Dubai Investment Company (DIC) and National General Cooling (TABREED), both up less than 1%. Emirates NBD (ENBD) was unchanged at 2.45. Abu Dhabi Securities Exchange Abu Dhabi stocks fell 0.11% to 2509 points from trading worth AED 98m with the rarely traded National Bank Of Ras Al Khaimah (RAKBANK) taking the top spot by traded value, up 1.5% to 4.16 from AED 35m worth but that was from just one trade of 8.4m shares. Abu Dhabi Islamic Bank (ADIB) was the worst of the more active losers, down 3.6% to 2.40. Sorouh Real Estate (SOROUH) fell 1.2%, and National Bank of Abu Dhabi (NBAD), down 0.45% to 11.10, was the only other loser trading more than AED 1m worth. Emirates Telecom (ETISALAT) was unchanged at 10.00. There were 8 gainers with Aldar Properties (ALDAR) up 2.4% to 2.16, and the others rising less than 1.5% or on thin trading.

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