UAE Financial Market News
13 June 2010. UAE stocks rose a little, with volumes increasing, particularly in Dubai. On the Nasdaq Dubai at 1430 UAE time, DP World is up 3.6%, and Damas is up 13.1%.
Dubai Financial Market
Dubai stocks rose 0.94% to 1528 points from turnover of AED 162m with Emaar Properties (EMAAR) the most active stock, up 1.9% to 3.17 from AED 79m worth. Arab International Logistics (ARMX) was the best of the more active gainers, up 4.2% to 1.50, Arabtec (ARTC) rose 2.1%.
Dubai Islamic Bank (DIB) 2.0%, and the other gainers were up less than 2% or on low volumes. Only 3 losers saw trading of more than AED 1m - Deyaar Development (DEYAAR) down 2.7% to 0.32, National General Cooling (TABREED) down 1.1%, and Emirates NBD (ENBD) down 0.38%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.56% to 2534 points from trading worth AED 93m with Emirates Telecom (ETISALAT) the most actively traded stock for a change, unchanged at 10.35 from AED 21m worth. First Gulf Bank (FGB) was the best of the more active gainers, up 2.9% to 14.30, Ras Al Khaimah Properties (RAKPROP) rose 2.6%, Abu Dhabi Islamic Bank (ADIB) 2.35%.
Aldar Properties (ALDAR) 2.3%, and the remaining gainers were up less than 2% or on thin trading. Gulf Pharmaceutical Industries (JULPHAR) was the worst of the only two losers trading more than AED 1m worth, down 6.7% to 1.71, and National Bank of Umm Al Quwain (NBQ) was the other one, falling 5.0% to 2.45. National Bank of Abu Dhabi (NBAD) rose 2.1% to 10.20 from thin trading.
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