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UAE Financial Market News

10 November 2010. UAE stocks rose in Abu Dhabi but fell in Dubai. On the Nasdaq Dubai, Depa rose 5.8%, DP World fell 0.50%, and DGS fell 0.82%.

Dubai Financial Market

Dubai stocks fell 0.54% to 1706 points from AED 207m worth of trading with Emaar Properties (EMAAR) the most active stock, down 1.3% to 3.72 from AED 85m. Al Madina Finance (ALMADINA) was the worst loser, down 5.2% to 0.635, Dubai Financial Market (DFM) fell 2.55%.

Arabtec (ARTC) 2.5%, and the other losers fell less than 2% or on thin trading. HITS Telecom was the best of the more active gainers, up 1.9% to 1.07, National General Cooling (TABREED) rose 1.2%, and the other gainers were up less than 1% or on thin trading.

Abu Dhabi Securities Exchange

Abu Dhabi stocks rose 0.23% to 2762 points from trading worth AED 135m with Aldar Properties (ALDAR) the most actively traded stock, up 2.2% to 2.30 from AED 60m. Abu Dhabi National Energy (TAQA) was the best of the more active gainers, up 3.6% to 1.43, National Bank of Abu Dhabi (NBAD) rose 1.65%.

Waha Capital (OILC) 1.3%, and the other gainers were up less than 1% or on thin trading. Emirates Telecom (ETISALAT) rose 0.45% to 11.05. Al Dhafra Insurance (DHAFRA) and Green Crescent Insurance (GCIC) were the worst losers, both closing 10% limit down. Methaq Islamic Insurance (METHAQ) fell 5.9%, Arkan Building Materials (ARKAN) 3.8%, and the other losers were down less than 2% or on thin trading.



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