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Sunday, April 11, 2010

UAE markets 11 Apr 2010

UAE market news & discussions for 11 April 2010

Dubai stocks saw a solid rise, led by Emaar and Arabtec, and Abu Dhabi stocks also closed in the green. On the Nasdaq Dubai at 1430 UAE time, DP World is up 0.93%, and Depa is down 1.3%.

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  • Dubai Financial Market

    Dubai stocks rose 3.4% to 1825 points from turnover of AED 631m worth with Emaar Properties (EMAAR) the most active stock and also the top gainer, up 6.8% to 4.06 from AED 312m worth. Arabtec (ARTC) was the only other stock trading more than AED 100m worth, up 6.3% to 2.70. Dubai Financial Market (DFM) shares were up 4.8%, Islamic Arab Insurance (IAIC) rose 3.0%, and most other stocks were up less than 3%. There were only three losers, Ektitab Holding (EKTTITAB) fell 5.3%, Al Madina Finance (ALMADINA) 2.0%, and Gulf Navigation (GULFNAV) 0.68%, with none trading significant volumes.

    Abu Dhabi Securities Exchange

    Abu Dhabi stocks rose 0.86% to 2848 points from turnover of AED 138m with Dana Gas (DANA) the most actively traded stock, up 2.2% to 0.93 from AED 45m worth. Sorouh Real Estate (SOROUH) was the best of the more active gainers, up 3.8% to 2.52, Aldar Properties (ALDAR) rose 3.6%, Abu Dhabi Commercial Bank (ADCB) 3.1%, and the other gainers were up less than 3% or on thin trading. There were five losers, with Al Dhafra Insurance (DHAFRA) the worst of them, down 3.3% to 4.50, but none saw turnover of more than AED 1m. National Bank of Abu Dhabi (NBAD) rose 0.84%, and Emirates Telecom (ETISALAT) was up 0.47%.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 11 April 2010

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

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    best stock rises
    symbol price change
    EMAAR 4.06 +0.26 +6.8%
    ARTC 2.70 +0.16 +6.3%
    QTEL 158.00 +7.30 +4.8%
    GGICO 0.98 +0.05 +5.4%
    DFM 1.96 +0.09 +4.8%
    worst stock falls
    symbol price change
    EKTTITAB 0.54 -0.03 -5.3%
    DHAFRA 4.50 -0.15 -3.2%
    AGTHIA 1.92 -0.05 -2.5%
    ALMADINA 0.82 -0.02 -2.4%
    JULPHAR 2.05 -0.04 -1.9%
    top volume
    symbol value (AED) price
    EMAAR313,936,0774.06
    ARTC131,503,8092.70
    DFM99,135,8551.96
    DANA45,077,3830.93
    ALDAR43,030,2964.62

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