UAE Financial Market News
15 June 2010. UAE stocks continue to wilt in the heat with both markets falling again. On the Nasdaq Dubai at 1445 UAE time, DP World is up 2.6%, and Depa is down 2.1%.
Dubai Financial Market
Dubai stocks fell 1.3% to 1503 points from turnover of AED 139m worth with Emaar Properties (EMAAR) the most actively traded stock, down 2.2% to 3.08 from AED 63m. Union Properties (UPP) was the worst of the more active losers, down 3.15% to 0.37.
Arabtec (ARTC) fell 2.6%, and the other losers were down less than 2% or on thin trading. There was only one gainer, Ajman Islamic Bank (AJMANBANK) up 1.3% on low turnover. Emirates NBD (ENBD) fell 0.75% to 2.64.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.65% to 2511 points from AED 65m worth of trading with Dana Gas (DANA) the most actively traded stock, and the worst of the more active losers, falling 6.1% to 0.62 but from just AED 18m worth. Waha Capital (OILC) fell 1.9%, First Gulf Bank (FGB) 1.7%, Aldar Properties (ALDAR) 1.6%, and the other losers were down less than 1.5% or on thin trading.
Foodco Holding (FOODCO) and Abu Dhabi National Insurance (ADNIC) closed 10% limit up but from just one small each. None of the 8 gainers saw more than AED 1m worth ... in fact total trading for all gainers combined was less than AED 1m. National Bank of Abu Dhabi (NBAD) was unchanged, and Emirates Telecom (ETISALAT) fell 0.48%.
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