UAE Financial Market News
27 July 2010. The ADX was relatively flat while the DFM fell below 1500 points. On the Nasdaq Dubai, DP World is up 6.4% to US$0.48.
Dubai Financial Market
Dubai stocks fell 0.72% to 1499 points from AED 149m worth of trading with Arabtec (ARTC) the most active stock for a change, down 0.57% to 1.75 from AED 73m. Emirates NBD (ENBD) was the worst of the more active losers, down 2.8% to 2.43.
National General Cooling (TABREED) fell 2.4%, and the other losers were down less than 2% or on thin trading. There were 7 gainers with only 2 trading more than AED 1m worth - Gulf Finance House (GFH) up 6.4% to 0.585, also the top gainer, and Arab International Logistics (ARMX) up 0.59% to 1.71.
Abu Dhabi Securities Exchange
Abu Dhabi stocks saw almost no change again today, up 0.05%, or just over 1 point, to 2561 points from AED 72m worth of trading. Aldar Properties (ALDAR) was the most active stock, down 1.2% to 2.47. Emirates Telecom (ETISALAT), unchanged, and Sorouh Real Estate (SOROUH), down 2.8%, were the only other stocks trading more than AED 10m worth.
Only 2 gainers saw trading worth more than AED 1m - Abu Dhabi National Energy (TAQA) up 3.4% to 1.19, and First Gulf Bank (FGB) up 0.70% to 14.45. Waha Capital (OILC) was the worst of the more active losers, down 4.55% to 0.62, Ras Al Khaimah Properties (RAKPROP) fell 2.4%, National Bank of Abu Dhabi (NBAD) 0.45%, and the other losers dropped on turnover of less than AED 1m.
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