UAE Financial Market News
11 March 2010. UAE stocks rose with DFM shares showing a decent rise on solid trading. On the Nasdaq Dubai at 1500 UAE time, DP World is down 0.44%, and Depa is down 4.8%.
Dubai Financial Market
Dubai stocks rose 1.45% to 1684 points from AED 787m worth of trading with Emaar Properties (EMAAR) the most active stock, up 3.6% to 3.49 from AED 305m worth of deals. Dubai Financial Market (DFM) was the best gainer, except for a few trades in Global Investment House (GLOBAL), and the only other stock trading more than AED 100m, up 4.4% to 1.66 from AED 204m worth.
Drake & Scull (DSI) increased by 3.5%, Dubai Islamic Insurance (AMAN) rose 3.45%, Shuaa Capital (SHUAA) 3.4%, and the remaining gainers were up less than 3%. HITS Telecom was the worst loser, down 8.3% to 1.44, National General Cooling (TABREED) fell 2.0%, and the other losers were down less than 2% or on low volumes.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.21% to 2833 points from turnover of AED 228m worth with Aldar Properties (ALDAR) the most actively traded stock, up 1.0% to 3.94 from AED 87m worth of trading. Union National Bank (UNB) was the best of the more actively traded gainers, up 4.8% to 3.31, Agthia Group (AGTHIA) rose 2.3%, Sorouh Real Estate (SOROUH) 2.1%, and the other gainers were up less than 2% or on low volumes.
First Gulf Bank (FGB) was the worst of the more active losers, down 2.4% to 18.00, Abu Dhabi Islamic Bank (ADIB) fell 1.0%, and the other losers dropped by less than 1% or on low volumes. Emirates Telecom (ETISALAT) rose 1.2%, and National Bank of Abu Dhabi (NBAD) fell 0.83%.
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