UAE Financial Market News
21 July 2010. Dubai stocks rose led by Emaar and Arabtec, while Abu Dhabi stocks dropped slightly, dragged down by Etisalat and NBAD. On the Nasdaq Dubai, DP World rose 0.71% to US$0.426.
Dubai Financial Market
Dubai stocks rose 1.4% to 1531 points from AED 150m worth of turnover with Emaar Properties (EMAAR) the most active stock, up 3.1% to 3.37 from AED 76m. Arabtec (ARTC) was the best of the more active gainers, up 3.9% to 1.86.
Dubai Investment Company (DIC) rose 3.5%, HITS Telecom 3.1%, and the other gainers were up less than 3% or on turnover of less than AED 1m. There were 5 losers with Al Firdous Holdings (ALFIRDOUS) the worst, 5% limit down at 1.20, but none traded more than AED 1m worth.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.29% to 2536 points from trading worth AED 108m with Aabar Energy (AABAR) the most active stock, up 2.1% to 1.93. First Gulf Bank (FGB) was the worst of the more active stocks, down 1.05% to 14.30, Emirates Telecom (ETISALAT) fell 0.48%.
Aldar Properties (ALDAR) was down 0.39%, and the other losers fell on thin trading including National Bank of Abu Dhabi (NBAD) down 1.8%. Waha Capital (OILC) was the top gainer, closing 10% limit up at 0.63, Ras Al Khaimah Cement (RAKCC) rose 2.9%, Ras Al Khaimah Properties (RAKPROP) 2.6%, and the other gainers were up less than 2% or on thin trading.
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