UAE Financial Market News
16 February 2010. Stocks rose in the UAE but with little to get excited about. Volumes were low and gains were slight. On the Nasdaq Dubai at 1430 UAE time, Depa is up 1.85% from one large trade, and DP World is down 0.72%.
Dubai Financial Market
Dubai stocks rose 0.48% to 1622 points from turnover of AED 173m worth with Emaar Properties (EMAAR) the most active stock, up 1.3% to 3.05 from AED 74m worth of deals. Arabtec (ARTC) was the best of the more actively traded shares, up 2.8% to 2.17, Dubai Financial Market (DFM) shares rose 2.7%.
Union Properties (UPP) were up 2.0%, and the remaining gainers were up less than 2% or on low volumes. There were only two losers, Emirates NBD (ENBD) down 2.7% and HITS Telecom down 5.6%, both on low trading levels.
Abu Dhabi Securities Exchange
The ADX rose 0.71% to 2730 points from turnover of AED 179m with Aldar Properties (ALDAR) the most active stock, up 1.3% to 3.87 from AED 76m worth of trades. Invest Bank (INVESTB) was the top gainer, 10% limit up but from just one small trade. Gulf Cement (GCEM) was the best of the stocks trading more than AED 1m worth, up 5.15% to 2.05, Ras Al Khaimah White Cement (RAKWCT) rose 2.7%.
Abu Dhabi National Energy (TAQA) 2.5%, Waha Capital (OILC) 2.3%, Abu Dhabi Commercial Bank (ADCB) 2.25%, Emirates Telecom (ETISALAT) 2.2%, and the remaining gainers were up less than 2% or on low volumes. Bank of Sharjah (BOS) was the worst of the more active losers, down 3.7% to 2.06, National Bank of Abu Dhabi (NBAD) fell 2.1%, and the other losers were down less than 2% or on low volumes.
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