UAE Financial Market News
17 June 2010. Abu Dhabi stocks mostly fell but Dubai stocks were up today. On the Nasdaq Dubai at 1430 UAE time, DP World is down 0.42%.
Dubai Financial Market
Dubai stocks rose 0.83% to 1500 points from turnover of AED 136m with Emaar Properties (EMAAR) the most active stock, up 1.0% to 3.04 from AED 73m. Al Madina Finance (ALMADINA) and International Financial Advisers (IFA) were the top gainers, closing 15% limit up but from low volumes.
Air Arabia (AIRARABIA) was the best of the more active stocks, up 2.4% to 0.84, Dubai Investment Company (DIC) rose 2.1%, and the other gainers were up less than 2% or on low turnover. There were 6 losers with only 2 trading more than AED 1m worth - Gulf Navigation (GULFNAV) down 1.85%, and Arabtec (ARTC) down 1.1%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks dropped slightly by 0.15% to 2515 points from trading worth 118m with Sorouh Real Estate (SOROUH) the most active stock and also the worst of the more active losers, down 4.5% to 1.92 from AED 29m. Ras Al Khaimah Properties (RAKPROP) fell 2.6%, Aldar Properties (ALDAR) 2.3%, and the other losers were down less than 2% or on thin trading.
Dana Gas (DANA) was the best of the more active gainers, up 4.8% to 0.66, National Bank of Abu Dhabi (NBAD) rose 3.5% to 10.50 from low turnover, and Waha Capital (OILC) and First Gulf Bank (FGB) were the only other gainers trading more than AED 1m, both up less than 2%. Emirates Telecom (ETISALAT) fell 0.97% to 10.35.
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