Skip to content

UAE Stocks: National Bank of Fujairah, RAK Properties

UAE Stocks: National Bank of Fujairah, RAK Properties

Another day of gains for the benchmark UAE indices although the upside was relatively modest, with Abu Dhabi adding 0.1% whilst the Dubai equivalent was almost 0.5% higher.

  • National Bank of Fujairah +15%
  • RAK Properties +5%
  • National Industrial Group -6.1%

National Bank of Fujairah was the biggest riser, adding 15% and triggering the ADX circuit breaker to limit any further gains. However volumes were very thin here and there’s no news – it appears that the absence of two way trade made the move so pronounced.


RAK Properties was in second place amongst the large caps, adding 5% on the day. There was a notable uptick in volumes, coinciding with industry comments that Ras Al Khaimah was set to be a bright spot in the UAE property market this year.

National Industrial Group was the biggest faller amongst the heavyweights on Tuesday, off 6.1% by the close. That’s a second successive day of meaningful losses as the stock continues to plot a course back to levels not seen in almost a year. Volumes were lower than observed at the start of the week, but remain notably elevated compared to December’s activity.

Share this article

Invest with these platforms

Hargreaves Lansdown

IG

Interactive Brokers

Interactive Investor

Charles Stanley

IG

Interactive Brokers

Charles Stanley

Looking for great investing ideas? Get our free newsletter.
Join our UK news channel on WhatsApp

This article does not constitute investment advice.  Do your own research or consult a professional advisor.

Learn with our free 'How to' Guides

Our latest in-depth company reports

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
Schroders

TMX
WisdomTree
ARK
FxPro
CMC Markets
Back To Top