Recent News

Markets Decline Today

DFM index was dragged down due to losses at real estate and financial firms, by 1.59% to 1,493.60 points. Emaar Properties (down 2.43% at Dhs3.21) and Arabtec (3.43% lower at at Dhs1.69) were main losers. DFM shares weakened by two percent to Dhs1.45.  Traded value went up 58% to Dhs88.5m as shares changed hands, 21% more than last Thursday.

The Abu Dhabi Securities Exchange (ADX) ended 0.10% lower at 2,526.83 points.  ADX real estate development heavyweight Aldar Properties and oil giant Taqa fell by 5.22% to Dhs2.15 and by 3.20% to Dhs.1.21, respectively. Only three shares which added value, and only Gulf Cement Co. jumped by 6.79% to Dhs1.77.

The current Foreign Exchange and Gold rates are:

.

Forex Rates (AED)

Currency             Buy            Sell

US Dollars            3.653         3.685

Euro                     4.784         4.995

Pound                  5.755         5.999

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Gold Rates (AED)

Type             Today              Yesterday

TT Bar           16650.00         16700.00

24 Carat       145.00             145.50

22 Carat       135.00             135.25

Sunday, July 25, 2010 9:55 pm

Euro, Pound Continue to Rise

Euro and Pound continue to rise. While Gold remains stable. The current Foreign Exchange and Gold rates are: . Forex Rates (AED) Currency             Buy            Sell US Dollars            3.653         3.685 Euro                     4.648         4.855 Pound        [...]

Tuesday, July 20, 2010 9:04 pm

DFM, ADX Remain Stable

The DFM Index declined 0.56% to 1,509.78 points. ADX General Index increased slightly by 0.31% and ended at 2,534.29 points. 17 shares advanced in Abu Dhabi, eight stood flat while eight declined in value. Global shares were demanded due to its announcement from Monday by the court of first instance in the Emirate of Dubai [...]

Sunday, July 18, 2010 11:56 pm

Gold Slips

The current Foreign Exchange and Gold rates are: . Forex Rates (AED) Currency             Buy            Sell US Dollars            3.653         3.685 Euro                     4.658         4.865 Pound                  5.519         5.756 [...]

Wednesday, June 30, 2010 5:34 pm

DFM, ADX Slips

DFM, ADX Slips

DFM ended 1.35% lower at 1,461.80 points. On a year-to-date basis the DFM (down 18.95%) posted the largest decline in the GCC. Those who invested in Emaar Properties at the beginning of 2010 lost twenty percent of their capital. ADX ended 0.69% lower at 2,514.01 points. During the first six months of 2010, the ADX [...]

Monday, June 28, 2010 11:41 pm

Nasdaq Dubai shows weaker side

NASDAQ Dubai has announced that all trading of its listed equities will take place through the X-Stream trading platform of Dubai Financial Market (DFM), starting on Sunday 11 July 2010, subject to final regulatory approval. The current Foreign Exchange and Gold rates are: . Forex Rates (AED) Currency             Buy            Sell [...]

Thursday, June 24, 2010 3:44 pm

Dull Trading at DFM ADX

Dull Trading at DFM ADX

The DFM Index opened to grow but lost momentum and stabilized only during the last two hours of trading, ending 0.79% lower at 1,538.98 points. Shares of the DFM itself declined by 1.27%, closing at Dhs1.55. The ADX General Index ended the day after a dull trading session up 0.08% at 2,553.44 points. Shares of [...]