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Home / Features / UAE Financial Market News

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UAE Financial Market News

18 August 2010. UAE stock markets opened again this morning, and a few hours later closed, and hardly anyone noticed. On the Nasdaq Dubai, DP World rose 3.1%, Depa rose 0.15%, and DGS fell 0.41%. Dubai Financial Market Dubai stocks fell 0.39% to 1482 points from trading worth AED 56m with Emaar Properties (EMAAR) the most active stock, down 0.93% from AED 22m worth. Arabtec (ARTC) fell 1.2%, and the rest of the losers were down less than 1% or on trading worth less than AED 1m. There were only 3 gainers, and only Drake & Scull (DSI), up 0.97%, saw trading worth more than AED 1m (just barely). Emirates NBD (ENBD) was unchanged at 2.47 from low turnover. Abu Dhabi Securities Exchange Abu Dhabi stocks saw little change again today, the index rising marginally by 0.05% to 2496 points from trading worth AED 83m with Aldar Properties (ALDAR) the most actively traded stock, up 0.47% to 2.13 from AED 21m. Aabar Energy (AABAR) rose 1.3%, Bank of Sharjah (BOS) 1.15%. First Gulf Bank (FGB) and National Marine Dredging (NMDC) less than 1%, and the remaining gainers rose on thin trading. Dana Gas (DANA) fell 1.3%, National Bank of Abu Dhabi (NBAD) 0.88%, Sorouh Real Estate (SOROUH) 0.63%, and the other 4 losers saw less than AED 1m worth of trading. Emirates Telecom (ETISALAT) was unchanged at 10.00.

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