UAE Financial Market News
02 February 2010. UAE markets rose about 1%-1.5% today with ADCB standing out as it closed limit up. On the Nasdaq Dubai at 1445 UAE time, DP World is up 0.82%, and Depa is up 2.8%.
Dubai Financial Market
The Dubai General Index rose 1.5% to 1648 points from turnover of AED 310m with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, up 2.8% to 3.26 from AED 161m worth of trading. Emirates NBD (ENBD) was the top gainer, 5% limit up at 2.49.
Dubai Financial Market (DFM) rose 3.1%, and the remaining gainers were up less than 3% or on low volumes. Gulf Navigation (GULFNAV) and Air Arabia (AIRARABIA) were unchanged. In the losers’ list, HITS Telecom fell 5.5% on low volumes, Ajman Islamic Bank (AJMANBANK) was down 3.53%, and the other losers fell less than 2%.
Abu Dhabi Securities Exchange
The ADX was up 0.97% to 2691 points from AED 165m worth of trading. Aldar Properties (ALDAR), up 1.49% to 4.12, was the most active stock with AED 50m worth of shares traded. Abu Dhabi Commercial Bank (ADCB) was the best of the more active stocks, closing 10% limit up at 1.74.
Sorouh Real Estate (SOROUH) rose 2.6%, and most other stocks were up less than 2% or unchanged. National Bank of Abu Dhabi (NBAD) rose 1.3%, and Emirates Telecom (ETISALAT) was up 0.45%. There were only six losers, and only Ras Al Khaimah White Cement (RAKWCT), down 0.94%, and Arkan Building Materials (ARKAN), down 0.47%, saw turnover of more than AED 1m (just).
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