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Tuesday, May 04, 2010

UAE markets 04 May 2010

UAE market news & discussions for 04 May 2010

Dubai stocks rose despite a fall in Emaar, and Abu Dhabi stocks were up slightly also. On the Nasdaq Dubai at 1415 UAE time, DP World is down 0.93%, and Depa is up 1.3%.

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  • Dubai Financial Market

    Dubai stocks rose 0.31% to 1742 points from turnover of AED 342m with Emaar Properties (EMAAR) the most active stock, down 0.76% to 3.89 from AED 132m. Arabtec (ARTC) was the only other stock trading more than AED 100m, share price unchanged at 2.49. National General Cooling (TABREED) was the top gainer, up 4.1% to 0.456, Islamic Arab Insurance (IAIC) rose 3.0%, Drake & Scull (DSI) was up 2.8%, Arab International Logistics (ARMX) 2.5%, and the other gainers rose less than 2% or on thin trading. Apart from Emaar, Union Properties (UPP) and Gulf Finance House (GFH) were the only other losers trading more than AED 1m worth, both down less than 2%.

    Abu Dhabi Securities Exchange

    The Abu Dhabi index rose 0.18% to 2800 points from turnover of AED 141m with Emirates Telecom (ETISALAT) the most active stock for a change, although price remained steady at 10.75 from AED 38m worth of deals. Gulf Pharmaceutical Industries (JULPHAR) and Abu Dhabi National Building Materials (BILDCO) both closed 10% limit up but from low volumes, Abu Dhabi Commercial Bank (ADCB) was the best of the more active stocks, up 1.6% to 1.88, Aabar Energy (AABAR), Aldar Properties (ALDAR), and Sorouh Real Estate (SOROUH) were the only other gainers trading more than AED 1m worth, and all fell less than 1%. Dana Gas (DANA) was the worst of the more active losers, down 1.2% to 0.81, while the other losers fell less than 1% or on low volumes. National Bank of Abu Dhabi (NBAD) fell 0.42% to 11.95.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 04 May 2010

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

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    best stock rises
    symbol price change
    JULPHAR 2.03 +0.16 +8.6%
    BILDCO 2.05 +0.13 +6.8%
    SUDATEL 2.96 +0.17 +6.1%
    AGTHIA 1.92 +0.10 +5.5%
    RAKBANK 4.00 +0.20 +5.3%
    worst stock falls
    symbol price change
    DARTAKAFUL 1.24 -0.05 -3.9%
    QCEM 0.72 -0.02 -2.7%
    SHUAA 1.37 -0.03 -2.1%
    GFH 0.76 -0.02 -2.6%
    UPP 0.48 -0.01 -2%
    top volume
    symbol value (AED) price
    EMAAR132,010,3003.89
    ARTC115,672,9862.49
    ETISALAT37,575,99910.75
    DFM27,120,0871.74
    ALDAR23,166,7953.88

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