UAE Financial Market News
08 February 2010. UAE stocks rose slightly on low volumes with Salama Insurance standing out in Dubai with a solid rise. On the Nasdaq Dubai at 1415 UAE time, DP World is down 3.8%, and Damas is up 4.7%.
Dubai Financial Market
Dubai stocks rose 0.98% from turnover of AED 230m with Emaar Properties (EMAAR) the most active company, up 1.25% to 3.24 from AED 93m worth. Islamic Arab Insurance (IAIC) was the top gainer, up 8.75% to 0.87, Drake & Scull (DSI) rose 3.5%, Dubai Islamic Insurance (AMAN) 3.4%, Dubai Islamic Bank (DIB) 2.8%.
Ajman Islamic Bank (AJMANBANK) 2.4%, and most other stocks were up less than 2% or unchanged. There were only two losers, Global Investment House (GLOBAL) down 4.3%, and Commercial Bank of Dubai (CBD) down 1.3%, with only three small trades between them.
Abu Dhabi Securities Exchange
The ADX rose 0.84% to 2704 points from turnover of just AED 75m with Aldar Properties (ALDAR) the most active stock, up 2.0% to 4.01 from a low AED 26m worth of trades. Al Ain Ahlia Insurance (AAAIC) and Abu Dhabi Aviation (ADAVIATION), both 10% limit up, were the top gainers but from just a single small trade each. Abu Dhabi National Energy (TAQA) was the best of the stocks trading more than AED 1m worth, up 4.1% to 1.26.
Abu Dhabi Commercial Bank (ADCB) rose 3.55%, and most other stocks were up less than 2%. National Bank of Abu Dhabi (NBAD) and Emirates Telecom (ETISALAT) both rose less than 1%. There were only five losers with Finance House (FH) at 10% limit down from one trade the worst of them, but total trading for stocks in the red was less than AED 1m worth.
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