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UAE Financial Market News

22 November 2010. UAE stock indices rose on light trading. On the Nasdaq Dubai, DP World rose 1.9%, and Depa was unchanged.

Dubai Financial Market

Dubai stocks rose 0.50% to 1711 points from trading worth AED 157m with Emaar Properties (EMAAR) the most active stock, up 1.35% to 3.76 from AED 48m. Arab International Logistics (ARMX) was the top gainer, up 4.9% to 2.14, HITS Telecom rose 3.4%, and the other gainers were up less than 2% or on thin trading.

Dubai Investment Company (DIC) was the worst loser, down 2.7% to 0.90, Drake & Scull (DSI) fell 2.1%, Union Properties (UPP) 1.7%, Emarat Takaful Insurance (TAKAFUL-EM) 1.6%, and the other losers were down less than 1%, including Emirates NBD (ENBD) which fell 0.61% to 3.25.

Abu Dhabi Securities Exchange

Abu Dhabi stocks rose 0.42% to 2754 points from trading worth AED 95m with Aldar Properties (ALDAR) the most active stock, unchanged at 2.33 from AED 25m. Except for one small 10% limit up trade for Oman and Emirates Investment Holding (OEIHC), Abu Dhabi Commercial Bank (ADCB) was the top gainer, rising 4.4% to 2.35. Agthia Group (AGTHIA) was up 2.9% on low volumes.

Ras Al Khaimah Properties (RAKPROP) and National Bank of Abu Dhabi (NBAD) rose 2.1%, and the other gainers were up less than 2%. Methaq Islamic Insurance (METHAQ) was the worst of the more active losers, down 3.4% to 2.56, Arkan Building Materials (ARKAN) fell 2.9%, and the other losers were down less then 2% or on thin trading. Emirates Telecom (ETISALAT) closed unchanged at 10.95.



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