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UAE Financial Market News

27 October 2010. UAE stocks fell overall, although there were some notable gainers. On the Nasdaq Dubai, DP World was unchanged, and Depa fell 1.5%.

Dubai Financial Market

Dubai stocks fell 0.70% to 1732 points from trading worth AED 198m with Emaar Properties (EMAAR) the most active stock, down 1.6% to 3.78 from AED 46m. Al Salam Bank Sudan (ALSALAMSUDAN) was the worst loser, down 6.9% to 1.76, Islamic Arab Insurance (IAIC) fell 5.5%.

Gulf Navigation (GULFNAV) was down 3.2%, and the other losers fell less than 3%. Emarat Takaful Insurance (TAKAFUL-EM) was the top gainer, 5% limit up at 0.78, Emirates NBD (ENBD) rose 3.0%, Deyaar Development (DEYAAR) 2.5%, and the other gainers were up less than 2.5%.

Abu Dhabi Securities Exchange

Abu Dhabi stocks fell 0.14% to 2822 points from trading worth AED 276m with Aldar Properties (ALDAR) the most actively traded stock, down 1.15% to 2.58 from AED 58m. Sorouh Real Estate (SOROUH) was the worst of the more active losers, down 1.7% to 1.74, Dana Gas (DANA), Waha Capital (OILC), and First Gulf Bank (FGB) fell 1.2%, and the other stocks were down less than 1% or on thin trading.

Methaq Islamic Insurance (METHAQ), Al Khazna Insurance (AKIC), and Green Crescent Insurance (GCIC) were the top gainers, all closing 10% limit up. Arkan Building Materials (ARKAN) rose 4.8%, Ras Al Khaimah Properties (RAKPROP) was up 4.0%, National Marine Dredging (NMDC) 3.5%, and the other gainers rose less than 3%.



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