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UAE Financial Market News

14 November 2010. UAE stocks fell on modest trading levels on the last trading day before the Eid break. Markets will open for trading again on Sunday 21 November 2010. On the Nasdaq Dubai, DP World fell 2.5% to US$0.59.

Dubai Financial Market

Dubai stocks fell 0.27% to 1687 points from trading worth AED 106m with Emaar Properties (EMAAR) the most active stock, down 0.82% to 3.64 from AED 43m. National General Cooling (TABREED) was the worst of the more active losers, down 2.4% to 0.41.

Arabtec (ARTC) fell 1.6%, and the other losers were down less than 1% or on thin trading. Dubai Islamic Bank (DIB) was the best of the more active gainers, up 1.8% to 2.24, Drake & Scull (DSI) rose 1.5%, Deyaar Development (DEYAAR) 1.3%, and the other gainers were up less than 1% or on thin trading.

Abu Dhabi Securities Exchange

Abu Dhabi stocks fell 0.35% to 2749 points from AED 92m worth with Aldar Properties (ALDAR) the most actively traded stock, up 2.65% to 2.33. Waha Capital (OILC) rose 1.3%, and the other gainers were up less than 1% or on thin trading.

Methaq Islamic Insurance (METHAQ) was the worst of the more active losers, down 2.2% to 2.67, Dana Gas (DANA) fell 1.3%, and the other losers were down less than 1% or on thin trading. Emirates Telecom (ETISALAT) fell 0.45%, and National Bank of Abu Dhabi (NBAD) was unchanged.



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