UAE Financial Market News
16 June 2010. Dubai stocks fell below the 1500 point level, but Abu Dhabi stocks rose slightly, helped by a gain in NBAD. On the Nasdaq Dubai at 1430 UAE time, DP World is the only stock traded so far, down 3.2% to US$0.46
Dubai Financial Market
Dubai stocks fell almost 1% to 1488 points from turnover of AED 102m with Emaar Properties (EMAAR) the most active stock, down 2.3% to 3.01 from AED 48m. Arabtec (ARTC) was the worst of the more active losers, down 2.6% to 1.85.
Drake & Scull (DSI) fell 2.3%, and the other losers were down less than 2% or on low trading. There were only 3 gainers trading more than AED 1m worth - Al Madina Finance (ALMADINA) up 8.7%, Arab International Logistics (ARMX) up 1.4%, and Dubai Investment Company (DIC) up 0.65%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.34% to 2520 points from trading worth AED 81m with Aldar Properties (ALDAR) the most active stock, down 0.33% to 3.01 from AED 20m worth. Union National Bank (UNB) was the worst of the more active losers, down 1.0% to 2.94, and Agthia Group (AGTHIA) was the only other loser trading more than AED 1m worth, down just 0.52%.
Abu Dhabi Commercial Bank (ADCB) was the best of the more active gainers, up 2.0% to 1.52, Dana Gas (DANA) rose 1.6%, National Bank of Abu Dhabi (NBAD) was up 1.0%, and the other gainers rose less than 1% or on thin trading. Emirates Telecom (ETISALAT) closed unchanged at 10.30.
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