UAE Financial Market News
25 July 2010. The ADX rose slightly but the DFM saw a bit of a drop, led by Emaar, Arabtec, and DFM themselves.
Dubai Financial Market
Dubai stocks fell 1.4% to 1507 points from trading worth AED 230m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, down 3.6% to 3.25 from AED 147m. Arabtec (ARTC) was the worst of the more active losers, down 4.9% to 1.74, Drake & Scull (DSI) fell 3.6%.
Dubai Financial Market (DFM) 3.3%, and most other stocks were down less than 3% or on thin trading. There were 5 gainers with only 2 trading more than AED 1m worth - Gulf Finance House (GFH) up 4.1%, and Dubai Investment Company (DIC) up just 0.12%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.30% to 2559
points from trading worth AED 68m with Aldar Properties (ALDAR) the most active stock, down 1.6% to 2.50 from AED 18m worth. Waha Capital (OILC) was the best of the more active gainers, up 1.5% to 0.65, Dana Gas (DANA) rose 1.3%, and National Bank of Abu Dhabi (NBAD) and Emirates Telecom (ETISALAT) were the only other two gainers trading more than AED 1m worth, both up about 0.5%.
Aabar Energy (AABAR), First Gulf Bank (FGB), and Union National Bank (UNB) were unchanged. Apart from Aldar, Ras Al Khaimah Properties (RAKPROP) down 2.4%, and Sorouh Real Estate (SOROUH) down 1.1%, were the only losers trading more than AED 1m worth.
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