UAE Financial Market News
15 August 2010. The ADX rose but the DFM fell, both markets seeing little activity. On the Nasdaq Dubai, DP World rose 0.64% to US$0.475, and Damas saw one trade, unchanged at US$0.16.
Dubai Financial Market
Dubai stocks fell 0.45% to 1465 points from turnover of just AED 38m with Emaar Properties (EMAAR) the most active stock, down 0.32% to 3.12. Union Properties (UPP) was the worst of the more active stocks, down 3.0% to 0.36, the other losers fell less than 2% or on thin trading.
Dubai Investment Company (DIC) was the only gainer trading more than AED 1m worth, up 1.2% to 0.83. Emirates NBD (ENBD) was up 0.42% to 2.42 from thin trading.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.55% to 2485 points from trading worth AED 69m with Aldar Properties (ALDAR) the most active stock, up 1.5% to 2.10 from AED 28m. Gulf Cement (GCEM) and Union Cement (UCC) closed 10% limit up but from just 3 small trades between them, Waha Capital (OILC) was the best of the more active stocks, up 3.1% to 0.66.
Dana Gas (DANA) rose 2.6%, and the other gainers were up less than 2% or on thin trading. There were 6 losers with only First Gulf Bank (FGB) trading more than AED 1m worth, falling 0.36% to 13.90. National Bank of Abu Dhabi (NBAD) rose 1.85% to 11.00 on thin trading, and Emirates Telecom (ETISALAT) was unchanged at 10.00.
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