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UAE Financial Market News

25 October 2010. UAE stocks rose. On the Nasdaq Dubai, DP World and Depa both closed unchanged.

Dubai Financial Market

Dubai stocks rose 0.36% to 1753 points from AED 154m with Emaar Properties (EMAAR) the most active stock, up 0.78% to 3.88 from AED 31m. Emarat Takaful Insurance (TAKAFUL-EM) was the best of the more active gainers, 5% limit up to 0.71, Ektitab Holding (EKTTITAB) rose 4.9%.

Islamic Arab Insurance (IAIC) 4.8%, Shuaa Capital (SHUAA) 2.5%, Ajman Islamic Bank (AJMANBANK) 2.3%, and the other gainers were up less than 2% or on thin trading. There were 5 losers with Dubai Financial Market (DFM), Dubai Islamic Bank (DIB), and Emirates Integrated Telecommunications (DU) trading more than AED 1m worth, all down less than 1%.

Abu Dhabi Securities Exchange

Abu Dhabi stocks rose 0.43% to 2833 points from trading worth AED 314m with Aldar Properties (ALDAR) the most actively traded stock, up 2.7% to 2.65 from AED 112m. Methaq Islamic Insurance (METHAQ) and Foodco Holding (FOODCO) both closed 10% limit up, although from just one small trade from Food Co. Ras Al Khaimah White Cement (RAKWCT) rose 5.2%.

Arkan Building Materials (ARKAN) was up 3.9%, First Gulf Bank (FGB) rose 2.8%, and the other gainers were up less than 2.5% or from thin trading. Abu Dhabi Islamic Bank (ADIB) was the worst of the more active losers, down 1.3% to 3.05, Waha Capital (OILC) and Green Crescent Insurance (GCIC) fell 1.2%, and the other losers fell less than 1% or on thin trading.



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