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UAE Financial Market News

24 November 2010. UAE stocks mostly fell although Methaq and Green Crescent Insurance stood out in Abu Dhabi with 10% limit up closing prices and active trading. On the Nasdaq Dubai, DP World rose 0.17%, Depa was unchanged, and Damas fell 11.25%.

Dubai Financial Market

Dubai stocks fell 1.0% to 1674 points from trading worth AED 140m with Emaar Properties (EMAAR) the most active stock, down 1.9% to 3.62 from AED 53m. Dubai Investment Company (DIC) was the worst of the more active losers, down 2.0% to 0.88.

Arab International Logistics (ARMX) fell 1.9%, Dubai Islamic Bank (DIB) 1.8%, Union Properties (UPP) 1.75%, HITS Telecom 1.7%, and the other losers fell less than 1.5% or on thin trading. There were only three gainers, none trading more than AED 1m.

Abu Dhabi Securities Exchange

Abu Dhabi stocks closed unchanged at 2756 points from trading worth AED 142m with Aldar Properties (ALDAR) the most actively traded stock, down 1.3% to 2.23 from AED 20m. Top gainers were Union Cement (UCC), Methaq Islamic Insurance (METHAQ), and Green Crescent Insurance (GCIC), all closing 10% limit up.

Ras Al Khaimah Ceramics (RAKCEC) rose 7.5%, Arkan Building Materials (ARKAN) 5.6%, and the other gainers were up less than 2% or on thin trading. Dana Gas (DANA) was the worst of the more active losers, down 2.7% to 0.72, Abu Dhabi Commercial Bank (ADCB) fell 2.1%, and the other losers were down less than 2% or on thin trading.

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