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UAE Financial Market News
12 August 2010. UAE stocks mostly fell with yet another sharp fall for Aldar, and Aabar closing 10% limit down in Abu Dhabi. On the Nasdaq Dubai DP World fell 2.7%, Depa 0.15%, and DGS 2.7%. Dubai Financial Market Dubai stocks fell 0.71% to 1472 points from AED 60m worth of trading with Emaar Properties (EMAAR) the most active stock, down 0.32% to 3.13. Air Arabia (AIRARABIA) was the worst of the more active losers, down 2.55% to 0.80. Arabtec (ARTC) fell 1.8%, Dubai Islamic Bank (DIB) 1.6%, and the other losers were down less than 1% or on low volumes. Only two gainers saw trading of more than AED 1m worth - Emirates Integrated Telecommunications (DU) up 0.99%, and Deyaar Development (DEYAAR) up 0.33%. Abu Dhabi Securities Exchange Abu Dhabi stocks fell 0.96% to 2472 points from AED 84m with Aldar Properties (ALDAR) the most actively traded stock, down 3.3% to 2.03. Aabar Energy (AABAR) was the worst of the more active losers, closing 10% limit down at 1.58, Sorouh Real Estate (SOROUH) fell 2.5%. Abu Dhabi Islamic Bank (ADIB) 2.1%, and the other losers were down less than 2% or on thin trading. There were 4 gainers with only Dana Gas (DANA) trading more than AED 1m worth, up 1.3% to 0.77. Emirates Telecom (ETISALAT) was unchanged at 10.00, and National Bank of Abu Dhabi (NBAD) fell 4.0% to 10.80 from thin trading.|
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