UAE Financial Market News
29 July 2010. UAE stocks saw another unexciting day with both markets almost unchanged, and very low trading volumes on the DFM. On the Nasdaq Dubai, DP World is down 1.0%, Damas is unchanged, and Depa is down 1.45%.
Dubai Financial Market
Dubai stocks saw very little movement or trading volumes, down just 0.03% to 1512 points from AED 41m worth of trading with Emaar Properties (EMAAR) the only stock trading more than AED 10m worth, up 0.31% to 3.26 from AED 17m.
There were 6 gainers with only two trading more than AED 1m worth - Arabtec (ARTC) was the other one, up 0.57% to 1.76. In the losers list, only 2 stocks fell more than 1% on trading of more than AED 1m - Air Arabia (AIRARABIA) down 1.05%, and Dubai Islamic Bank (DIB) down 1.0%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks barely changed also, closing just 0.06% down at 2546 points from AED 57m worth of trading with Aldar Properties (ALDAR) the only stock trading more than AED 10m, up 0.41% to 2.45 from AED 22m worth. Oman and Emirates Investment Holding (OEIHC) and GLS were the top gainers, closing 10% limit up but from just a couple of small tradines.
Methaq Islamic Insurance (METHAQ) was the best of the more active gainers, up 4.7% to 1.38, Arkan Building Materials (ARKAN) rose 3.25%, National Bank of Abu Dhabi (NBAD) 1.3%, and the other gainers were up on less than AED 1m worth of trading. There were 5 losers with only Emirates Telecom (ETISALAT) trading more than AED 1m worth, down 0.49% to 10.10.
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