UAE Financial Market News
29 June 2010. Most UAE stocks fell and the DFM index closed below 1500 points. On the Nasdaq Dubai at 1515 UAE time, DP World is down 6.5%, Depa is unchanged, and DGS is down 1.3%.
Dubai Financial Market
Dubai stocks fell 2.2% to 1482 points from turnover of AED 245m with Arabtec (ARTC) the most actively traded stock for a change, down 2.75% to 1.77 from AED 63m. Deyaar Development (DEYAAR) was the worst of the more active losers, down 6.7% to 0.31, Emirates Integrated Telecommunications (DU) was 5% limit down.
Dubai Financial Market (DFM) fell 3.95%, Emirates NBD (ENBD) 3.85% on low volumes, Emaar Properties (EMAAR) 3.1%, and the remaining losers fell less than 3% or on thin trading. There were only 4 gainers, and only Air Arabia (AIRARABIA) saw turnover of more than AED 1m as it rose just 0.47% to 0.85.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.85% to 2531 points from turnover of AED 88m worth with Aldar Properties (ALDAR) the most actively traded stock, down 4.0% to 2.86 from AED 22m worth of deals.
Aabar Energy (AABAR) was the worst of the more active losers, down 6.0% to 1.40, Sorouh Real Estate (SOROUH) fell 3.2%, National Bank of Abu Dhabi (NBAD) 2.2%, and the other losers were down less than 2% or on low volumes. There was only one gainer, Emirates Telecom (ETISALAT), up 0.48% to 10.40.
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