UAE Financial Market News
20 June 2010. UAE stocks saw a decent bit of green today, especially in Dubai with Emaar jumping by more than 8%. On the Nasdaq Dubai at 1430 UAE time, DP World is up 3.0%, and Depa is down 2.8%.
Dubai Financial Market
Dubai stocks rose 3.1% to 1547 points from trading worth AED 351m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 8.55% to 3.30 from AED 192m, also the best of the more active gainers. Dubai Financial Market (DFM) and Arabtec (ARTC) were up 6.0%, Drake & Scull (DSI) rose 5.0%, Deyaar Development (DEYAAR) 2.95%.
Dubai Investment Company (DIC) 2.3%, and the other gainers were up less than 2% or on thin trading. Of the 6 losers, only 2 saw trading worth more than AED 1m - Al Madina Finance (ALMADINA) down 2.4%, and Gulf Navigation (GULFNAV) down 0.76%. Emirates NBD (ENBD) was unchanged at 2.69.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.82% to 2536 points from turnover worth AED 151m with Aldar Properties (ALDAR) the most active stock, and also the best of the more active gainers, up 4.7% to 3.19 from AED 47m. Emirates Insurance (EIC) and National Bank of Umm Al Quwain (NBQ) closed 10% limit up but from just one small trade each. Aabar Energy (AABAR) was up 2.55%, Waha Capital (OILC) 1.9%.
Sorouh Real Estate (SOROUH) 1.55%, Dana Gas (DANA) 1.5%, and the other gainers rose less than 1.5% or on low volumes. Ras Al Khaimah Poultry (RAPCO) and GLS closed 10% limit down but from just one small trade each. None of the losers saw turnover of more than AED 1m. Emirates Telecom (ETISALAT) rose 0.49%, and National Bank of Abu Dhabi (NBAD) 0.96%.
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