UAE Financial Market News
02 September 2010. UAE stocks rose today but trading was still light. On the Nasdaq Dubai, DP World rose 2.3%, and DGS fell 0.27%.
Dubai Financial Market
Dubai stocks rose 0.76% to 1498 points from trading worth AED 84m with Emaar Properties (EMAAR) the only stock trading more than AED 10m, up 1.2% to 3.32 from AED 42m. Gulf General Investment (GGICO) was the best of the more active gainers, up 3.4% to 0.48.
Arab International Logistics (ARMX) was up 2.9%, and the remaining gainers were up less than 2% or on thin trading. There were 6 losers with only Arabtec (ARTC) trading more than AED 1m, down 0.60% to 1.65. Emirates NBD (ENBD) fell 0.41% to 2.42.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.12% to 2495 points from trading worth AED 126m with Aldar Properties (ALDAR) the most active stock, up 0.44% to 2.27 from AED 40m. Abu Dhabi Commercial Bank (ADCB) was the only other gainer trading more than AED 1m worth, up 1.2% to 1.70.
There was only one loser - Union National Bank (UNB) down 1.3% to 2.97 from low volumes. First Gulf Bank (FGB), Emirates Telecom (ETISALAT), Sorouh Real Estate (SOROUH), and National Bank of Abu Dhabi (NBAD) were amongst the stocks closing unchanged from yesterday.
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