The ADX in Abu Dhabi rose 0.54% to 2556 points and turnover increased to AED 469m. The DFM in Dubai fell 0.27% to 1621 points despite Tabreed heading limit up, and turnover was down to AED 685m. On the Nasdaq Dubai at 15:00 UAE time, DP World, Depa, and Boulder Steel have all traded unchanged, while derivatives for Sorouh and Aldar are up 8% and 15% respectively.
Dubai Financial Market
National General Cooling (TABREED) led the gainers with 15% limit up trading at 0.77, and no sellers in the queue. Dubai Financial Market (DFM), down 2.1%, and Emaar Properties (EMAAR), unchanged, were the two most heavily traded stocks, both with over AED 100m worth of turnover. Arabtec (ARTC) also fell 2.1% but with turnover a little under AED 100m. Other gainers included Gulf Navigation (GULFNAV) up 3.3%, Deyaar Development (DEYAAR) up 1.8%, Emarat Takaful Insurance (TAKAFUL-EM) up 1.7%, Union Properties (UPP) up 1.3%, and the reminder up less than 1% or on thin trading. Dubai Islamic Insurance (AMAN) was the worst of the actively traded losers today, falling 2.8% to 1.04, followed by Emirates NBD (ENBD) with a 2.4% fall on thin trading, Dubai Islamic Bank (DIB) down 1.3%, Islamic Arab Insurance (IAIC) 1.2%, Air Arabia (AIRARABIA) 1.0%, and Emi rates Integrated Telecommunications (DU) 0.84%.
Abu Dhabi Securities Exchange
Several stocks closed at 10% limit up prices in Abu Dhabi today, including Aldar Properties (ALDAR) on turnover of AED 120m, Dana Gas (DANA), Ras Al Khaimah Properties (RAKPROP), and Ras Al Khaimah Ceramics (RAKCEC). The most heavily traded stock was Sorouh Real Estate (SOROUH) with a 3.1% rise to 2.64 and AED 240m worth of trades. Apart from property, most banks saw gains today, National Bank of Abu Dhabi (NBAD) up 4.7%, Union National Bank (UNB) up 3.8%, National Bank of Umm Al Quwain (NBQ) up 3.7% on greater than usual trading, Abu Dhabi Islamic Bank (ADIB) up 2%, but First Gulf Bank (FGB) could only manage a 0.63% rise. Green Crescent Insurance (GCIC) was the worst of the losers trading more than AED 1m, dropping 4.2% to 1.12. Waha Capital (OILC) fell 3.3%, Abu Dhabi Commercial Bank (ADCB) was one of the few banks in the red with a 2.8% fall, Emirat es Telecom (ETISALAT) was down 1.4% and several other stocks fell less than 2% or on thin trading.
du opens new shop in Al Twar Centre
Bringing more convenience to its customers, du is pleased to announce the opening of its newest Shop, located on the first floor in Al Twar Centre, next to Al Ghusais 2 metro station in Dubai.
Bank Sohar sponsors camel race in Mudhaibi
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