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Monday, March 01, 2010

UAE markets 01 Mar 2010

UAE market news & discussions for 01 March 2010

UAE stocks rose slightly with a good gain on relatively decent volumes for First Gulf Bank in Abu Dhabi. On the Nasdaq Dubai at 1515 UAE time, DP World is down 2.1%, and DGS is up 2.4%.

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  • Dubai Financial Market

    Dubai stocks rose 0.24% to 1597 points from turnover of AED 206m with Emaar Properties (EMAAR) the most actively traded stock, up 0.67% to 3.00 from AED 91m worth. Emarat Takaful Insurance (TAKAFUL-EM) was the top gainer, up 4.2% to 0.99, Arab Insurance Group (ARIG) was up 3.6% from low volumes, Islamic Arab Insurance (IAIC) rose 2.5%, Deyaar Development (DEYAAR) 2.2%, and the remaining gainers were up less than 2%. Union Properties (UPP) was the worst of the more active losers, down 2.1%, Gulf Navigation (GULFNAV) fell 1.6%, Ajman Islamic Bank (AJMANBANK) dropped by 1.2%, and the other losers were down less than 1% except for Global Investment House (GLOBAL) which fell 6.7% from a handful of small trades.

    Abu Dhabi Securities Exchange

    Abu Dhabi stocks rose 0.78% to 2725 points from turnover of AED 114m with Aldar Properties (ALDAR) the most actively traded stock, up 1.7% to 3.64 from AED 45m worth. First Gulf Bank (FGB) was the best of the more active gainers, up 5.3% to 18.00, Waha Capital (OILC) rose 3.5%, Abu Dhabi Islamic Bank (ADIB) 2.2%, and the remaining gainers were up less than 2% or on low volumes, including 10% limit up closes for Finance House (FH) and Green Crescent Insurance (GCIC). There were six losers with only Union National Bank (UNB) trading more than AED 1m worth, down 0.99% to 3.00. Emirates Telecom (ETISALAT) was unchanged at 11.95, and National Bank of Abu Dhabi (NBAD) rose 0.92%.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 01 March 2010

    UAE stock market news and discussions at Dubai Share Talk ...

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    best stock rises
    symbol price change
    TAKAFUL-EM 0.99 +0.04 +4.2%
    ARIG 2.28 +0.08 +3.6%
    SALAMA 0.82 +0.02 +2.5%
    DEYAAR 0.47 +0.01 +2.2%
    DSI 0.85 +0.01 +1.2%
    worst stock falls
    symbol price change
    GLOBAL 1.25 -0.09 -6.7%
    UPP 0.46 -0.01 -2.1%
    GULFNAV 0.62 -0.01 -1.6%
    AJMANBANK 0.84 -0.01 -1.2%
    ARTC 2.15 -0.02 -0.9%
    top volume
    symbol value (AED) price
    EMAAR91,187,4983.00
    ARTC31,088,1132.15
    DU16,340,3902.84
    DFM15,211,4691.44
    AIRARABIA13,481,7530.99

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