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Sunday, May 30, 2010

UAE markets 30 May 2010

UAE market news & discussions for 30 May 2010

UAE stocks started the week with a slight fall, but on the Nasdaq Dubai at 1515 UAE time, DP World is up 4.7% to 0.47, and Damas is unchanged.

  • UAE financial news - latest news from Reuters, Bloomberg and UAE media
  • Dubai Financial Market

    Dubai stocks dropped by 0.25% to 1601 points from trading worth AED 231m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, unchanged at 3.41%. Gulf Finance House (GFH) was the worst of the more active losers, down 4.3% to 0.54, National General Cooling (TABREED) fell 4.0%, Emirates Integrated Telecommunications (DU) 3.6%, and the remaining stocks were down less than 3% or on low volumes. Dubai Investment Company (DIC) was the best of the more active gainers, up 2.0% to 0.82, Dubai Financial Market (DFM) and Air Arabia (AIRARABIA) rose 1.2%, and the other gainers were up less than 1% or on thin trading. Emirates NBD (ENBD) fell 1.8% to 2.75 on low volumes.

    Abu Dhabi Securities Exchange

    Abu Dhabi stocks were down slightly, by 0.17% to 2637 points from trading worth AED 109m, but Aldar Properties (ALDAR), the most active stock and also the best of the more active gainers, was up 2.5% to 3.25 from AED 42m worth of turnover. There were only two losers trading more than AED 1m, First Gulf Bank (FGB) down 4.2% to 15.70, and Gulf Medical Projects (GMPC) falling just 0.40%. Sorouh Real Estate (SOROUH) rose 2.4%, and the other gainers were up less than 2% or on low volumes. Emirates Telecom (ETISALAT) rose 0.48% to 10.55, and National Bank of Abu Dhabi (NBAD) fell 2.8% to 10.30 but from thin trading.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 30 May 2010

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

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    best stock rises
    symbol price change
    ADNH 3.20 +0.21 +7%
    DARTAKAFUL 1.04 +0.06 +6.1%
    DPW 0.47 +0.02 +4.4%
    OEIHC 1.00 +0.04 +4.2%
    SUDATEL 2.75 +0.09 +3.4%
    worst stock falls
    symbol price change
    ASMAK 10.95 -1.20 -9.9%
    ALMADINA 0.55 -0.04 -6.8%
    SALAM_BAH 0.73 -0.05 -6.4%
    GGICO 0.72 -0.04 -5.3%
    JULPHAR 1.81 -0.09 -4.7%
    top volume
    symbol value (AED) price
    EMAAR118,326,4033.41
    ALDAR41,688,8303.25
    ARTC36,326,9302.12
    DFM34,233,8341.63
    DANA17,205,6110.75

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