UAE Financial Market News
12 July 2010. UAE stocks continued to go nowhere ... blah blah blah ... just like yesterday, and the day before that, and so on and so on. On the Nasdaq Dubai, DP World is up 2.75%, Depa is unchanged, DGS is down 0.02%, and Damas is down 3.0%.
Dubai Financial Market
Dubai stocks fell 0.23% to 1503 points with trading worth AED 51m. Emaar Properties (EMAAR) was the only stock trading more than AED 10m, down 0.61% to 3.25 from AED 25m worth. Arabtec (ARTC) was the worst of the more active losers, down 1.2% to 1.71.
The other losers fell less than 1% or on low trading, including International Financial Advisers (IFA) and Oman Insurance (OIC) both 10% limit down from just one small trade each. Only 2 gainers saw trading worth more than AED 1m - Arab International Logistics (ARMX) up 1.9%, and Air Arabia (AIRARABIA) up 1.5%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks were almost unchanged at 2527 points (a rise of 0.01% hardly counts) with turnover of AED 50m. Aldar Properties (ALDAR) was the only stock trading more than AED 10m, down 1.5% to 2.66 from AED 14m, and the worst of the more active losers. Aabar Energy (AABAR) fell 1.4%, Sorouh Real Estate (SOROUH) 1.1%.
Emirates Telecom (ETISALAT) 0.48%, and the other losers were down on low volumes. Dana Gas (DANA), First Gulf Bank (FGB), and Ras Al Khaimah Properties (RAKPROP) closed unchanged. There were 7 gainers, including National Bank of Abu Dhabi (NBAD) up 0.90%, and Union National Bank (UNB) up 2.1%, but none traded more than AED 1m worth.
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