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UAE Financial Market News

28 October 2010. UAE stocks rose in Dubai but fell slightly in Abu Dhabi. On the Nasdaq Dubai, DP World fell 0.17%, Depa rose 3.0%, and Damas rose 6.7%.

Dubai Financial Market

Dubai stocks rose 2.6% to 1777 points from trading worth AED 277m with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, up 3.4% to 3.91 from AED 106m. Al Madina Finance (ALMADINA) was the top gainer, up 10.2% to 0.58, Ektitab Holding (EKTTITAB) rose 5.8%.

Emarat Takaful Insurance (TAKAFUL-EM) closed 5% limit up, Emirates NBD (ENBD) rose 4.8%, HITS Telecom 4.1%, and the other gainers were up less than 4%. Global Investment House (GLOBAL) was the only loser, down 9.9% to 0.82 from thin trading.

Abu Dhabi Securities Exchange

Abu Dhabi stocks fell 0.19% to 2817 points from trading worth AED 214m with Aldar Properties (ALDAR) the most active stock, up 0.39% to 2.61 from AED 42m. Abu Dhabi National Insurance (ADNIC) was the worst loser, down 5.7% to 6.45, Al Buhaira National Insurance (ABNIC) fell 2.5%, Abu Dhabi National Hotels (ADNH) 2.0%, and the other losers were down less than 1.5% or on thin trading.

Green Crescent Insurance (GCIC) and Methaq Islamic Insurance (METHAQ) were the top gainers, both closing 10% limit up with no sellers in the queue. Al Dhafra Insurance (DHAFRA) rose 5.1%, Arkan Building Materials (ARKAN) 4.6%, Ras Al Khaimah Cement (RAKCC) 4.55%, and the other gainers were up less than 2% or on thin trading. Emirates Telecom (ETISALAT) fell 1.3%, and National Bank of Abu Dhabi (NBAD) was unchanged.

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