UAE Financial Market News
09 February 2010. UAE stocks saw slight gains with Dubai Islamic Bank leading the way in Dubai on a decent rise on relatively strong volumes. On the Nasdaq Dubai at 1445 UAE time, DP World is unchanged, and Depa is down 1.8%.
Dubai Financial Market
Dubai stocks rose 0.86% to 1661 points from turnover of AED 264m worth of trading, with Emaar Properties (EMAAR), up 0.93% to 3.27 the most active stock from AED 91m worth of deals. Dubai Islamic Bank (DIB) was the top gainer, up 5.9% to 2.33, National General Cooling (TABREED) rose 4.35%, Arab International Logistics (ARMX) 3.0%, and the remaining gainers were up less than 2%.
National Cement Company (NCC) was the worst loser, 5% limit down but from just a handful of small trades, Islamic Arab Insurance (IAIC) was the worst of the more active losers, down 2.3% to 0.85, Global Investment House (GLOBAL) fell 2.7% from just one trade, and another eight losers fell less than 2%.
Abu Dhabi Securities Exchange
The ADX rose 0.56% to 2719 points from turnover of AED 152m with Aldar Properties (ALDAR) the most active stock, up 0.75% to 4.05 from AED 34m worth of trades. Abu Dhabi Ship Building (ADSB) was the top gainer, 10% limit up but from just one small trade. Abu Dhabi Islamic Bank (ADIB) was the best of the more active gainers, up 4.2% to 3.00.
Abu Dhabi Commercial Bank (ADCB) rose 2.3%, Abu Dhabi National Hotels (ADNH) 2.05%, and the remaining gainers were up less than 2% or on low volumes. Emirates Telecom (ETISALAT) was up 0.45%, and National Bank of Abu Dhabi (NBAD) was unchanged. There were six losers with only Ras Al Khaimah Properties (RAKPROP) down 1.8%, and Aabar Energy (AABAR) down 0.42%, trading more than AED 1m worth.
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