UAE Financial Market News
18 February 2010. UAE stocks saw little change and thin trading except for relatively high volumes for Air Arabia and Etisalat. On the Nasdaq Dubai at 1530 UAE time, DP World is down 3.4%, and Depa is unchanged.
Dubai Financial Market
Dubai stocks saw a small fall of 0.15% to 1626 points from turnover of AED 158m with Air Arabia (AIRARABIA) in top spot by turnover, up 4.3% to 0.98 from AED 50m worth of trading, also the best gainer except for a handful of small trades in Global Investment House (GLOBAL) as it rose 8.55%.
Emaar Properties (EMAAR) saw slightly lower turnover with a fall of 1.3% to 3.03 from AED 49m. Gulf Navigation (GULFNAV) rose 3.6%, HITS Telecom was up 3.2%, and the remaining gainers were up less 2%. Deyaar Development (DEYAAR) was the worst of the more active losers, down 2% to 0.49, Arabtec (ARTC) fell 1.4%, and the other losers were down by less than 1% or on low volumes.
Abu Dhabi Securities Exchange
The ADX saw a modest rise of 0.27% to 2767 points from turnover of AED 136m with Emirates Telecom (ETISALAT) knocking Aldar off the top spot by value traded, up 1.7% to 11.95 from AED 40m worth of deals. Waha Capital (OILC) was the best of the more active gainers, up 3.4% to 0.91, First Gulf Bank (FGB) rose 1.8%, and the remaining gainers were up less than 1% or on low volumes, including Union Cement (UCC) closing 10% limit up.
National Bank Of Ras Al Khaimah (RAKBANK) was the worst of the losers with an 8.05% fall to 4.50 from unusually high turnover, Abu Dhabi Commercial Bank (ADCB) fell 3.7%, Aldar Properties (ALDAR) 2.3%, and the other losers were down less than 2% or on thin trading. National Bank of Abu Dhabi (NBAD) was unchanged at 11.50 from few trades.
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