UAE Financial Market News
19 January 2010. UAE stocks fell today, with Emaar and Arabtec leading the way down in Dubai. On the Nasdaq Dubai at 1400 UAE time, DP World is down 1.3%, and Depa is down 3.85%.
Dubai Financial Market
The Dubai Financial Market (DFM) fell 1.6% to 1662 points from turnover of AED 283m. Emaar Properties (EMAAR) was the most active stock, falling 3.2% to 3.32 from AED 90m worth of deals. National General Cooling (TABREED) was the worst loser, down 3.9% to 0.74, Arabtec (ARTC) fell 3.3%.
Dubai Financial Market (DFM) 2.4%, Drake & Scull (DSI) 2.35%, Dubai Investment Company (DIC) 2.1%, and the remaining losers were down less than 2% or on low volumes. There were only three gainers and only Gulf Finance House (GFH), up 6.8% to 1.26 on greater than usual volumes, saw more than AED 1m worth of trading.
Abu Dhabi Securities Exchange
The ADX fell 0.89% to 2656 points from turnover of AED 140m. Aldar Properties (ALDAR) was the most active stock, down 1.3% to 4.60 from AED 64m worth of deals. Abu Dhabi National Insurance (ADNIC) was the worst loser, 10% limit down to 6.57 but from just one small trade. Sorouh Real Estate (SOROUH) was the worst of the more active losers, down 3.8% to 2.52, Ras Al Khaimah Properties (RAKPROP) fell 3.6%.
Abu Dhabi National Energy (TAQA) 3.2%, and the remaining losers were down less than 3% or on thin trading. There were six gainers, with only Ras Al Khaimah Cement (RAKCC), up 3.8%, and Union National Bank (UNB), up 0.36%, trading more than AED 1m worth. Emirates Telecom (ETISALAT) was unchanged at 11.00, and National Bank of Abu Dhabi (NBAD) fell 1.3% to 11.25.
Back to top
New
Review
Abu Dhabi International Airport - 41°F
