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UAE Financial Market News

14 July 2010. UAE stocks were up slightly in Abu Dhabi, and down slightly in Dubai, with volumes up a little on both markets. In other words, not worth waking up for. On the Nasdaq Dubai, DP World is down 1.4% to US$0.446.

Dubai Financial Market

Dubai stocks fell 0.23% to 1505 points from AED 121m worth of trading with Emaar Properties (EMAAR) the most active stock, down 0.3% to 3.29 from AED 72m worth. Other actively traded losers included Emirates Integrated Telecommunications (DU) down 1.0%.

Dubai Financial Market (DFM), Deyaar Development (DEYAAR), Arabtec (ARTC), Union Properties (UPP), and Dubai Islamic Bank (DIB) all down less than 1%. Only 3 gainers saw trading of more than AED 1m - Arab International Logistics (ARMX) up 1.8%, and Drake & Scull (DSI) and Ajman Islamic Bank (AJMANBANK) both up less than 1%.

Abu Dhabi Securities Exchange

Abu Dhabi stocks increased 0.35% to 2527 points from trading worth AED 75m with Aldar Properties (ALDAR) the most active stock, up 0.37% to 2.65 from AED 26m. Other stocks trading more than AED 1m worth included Sorouh Real Estate (SOROUH), up 0.57%.

Abu Dhabi Commercial Bank (ADCB), Aabar Energy (AABAR), and Union National Bank (UNB) up less than 2%, and Emirates Telecom (ETISALAT), Abu Dhabi National Insurance (ADNIC), Dana Gas (DANA), and National Bank of Abu Dhabi (NBAD) all unchanged. There were only 3 losers, all trading low volumes.