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Tuesday, April 06, 2010

UAE markets 06 Apr 2010

UAE market news & discussions for 06 April 2010

UAE indexes rose slightly, although in Dubai that was due mostly to a limit up close for Emirates NBD while most other stocks were in the red. On the Nasdaq Dubai at 1430 UAE time, DP World is up 0.95%, and Depa is up 2.7%.

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  • Dubai Financial Market

    Dubai stocks were up just 0.12% to 1839 points from trading worth AED 374m, with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, down 0.25% to 4.00 from AED 122m. Emirates NBD (ENBD) was the top gainer, 5% limit up at 3.07, and Emirates Integrated Telecommunications (DU) was the only other gainer trading more than AED 1m of shares, up 1.05% to 2.89. Arab International Logistics (ARMX) was the worst of the more active losers, down 2.2%, Union Properties (UPP) fell 2.0%, and the other losers fell less than 2% or on turnover of less than AED1m.

    Abu Dhabi Securities Exchange

    Abu Dhabi stocks rose 0.39% to 2848 points from lower turnover of AED 98m, with Dana Gas (DANA) the most active stock, up 1.1% to 0.90 from AED 17m worth. Ras Al Khaimah Cement (RAKCC) was the top gainer, up 2.1% to 0.99 from greater than usual turnover, First Gulf Bank (FGB) rose 1.4%, National Bank of Abu Dhabi (NBAD) was up 1.3%, and the other three gainers were up less than 1%, including Emirates Telecom (ETISALAT) up 0.95%. Qatar Telecom (QTEL) was the worst loser, down 3.3% but from just a couple of small trades, Waha Capital (OILC) fell 3.3% also, Ras Al Khaimah Properties (RAKPROP) was down 1.85%, Abu Dhabi Commercial Bank (ADCB) 1.5%, and the other losers fell less than 1% or on low trading.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 06 April 2010

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

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    best stock rises
    symbol price change
    EMIRATESNBD 3.07 +0.14 +4.8%
    DARTAKAFUL 1.39 +0.04 +3%
    RAKCC 0.99 +0.02 +2.1%
    FGB 18.25 +0.25 +1.4%
    NBAD 12.00 +0.15 +1.3%
    worst stock falls
    symbol price change
    DRC 9.03 -0.47 -4.9%
    OILC 0.80 -0.03 -3.6%
    EKTTITAB 0.56 -0.02 -3.4%
    QTEL 145.00 -4.90 -3.3%
    NMDC 8.17 -0.23 -2.7%
    top volume
    symbol value (AED) price
    EMAAR122,203,7644.00
    DFM83,524,8331.97
    ARTC59,781,0852.65
    DIB43,398,3462.79
    AIRARABIA25,783,7310.93

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