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UAE Financial Market News

25 November 2010. UAE stocks saw little movement except for a surge in the Al Madina share price, and continuing volatility for Methaq 0. On the Nasdaq Dubai, DP World rose 0.17%, and Depa was up 1.4%.

Dubai Financial Market

Dubai stocks rose 0.50% to 1682 points from trading worth AED 114m with Emaar Properties (EMAAR) the most actively traded stock, up 0.83% to 3.65 from AED 34m. HITS Telecom saw relatively high volumes, unchanged at 1.14 from AED 20m. Al Madina Finance (ALMADINA) was the top gainer, 15% limit up to 0.675 from a relatively high AED 5m worth. Islamic Arab Insurance (IAIC) rose 2.7% from thin trading, and the other gainers were up less than 2%.

Arab International Logistics (ARMX) was the worst of the more active losers, down 0.95% to 2.08, Emirates Integrated Telecommunications (DU) fell 0.67%, Dubai Financial Market (DFM) 0.66%, Arabtec (ARTC) and National General Cooling (TABREED) about 0.5%, and the other 3 losers fell on thin trading.

Abu Dhabi Securities Exchange

Abu Dhabi stocks rose just 0.04% to 2757 points from trading worth AED 83m with Aldar Properties (ALDAR) the most actively traded stock, up 0.45% to 2.22 from AED 19m worth. Except for a couple of small trades in Abu Dhabi National Building Materials (BILDCO), Methaq Islamic Insurance (METHAQ) was the top gainer, up 3.4% to 2.69. Green Crescent Insurance (GCIC) rose 2.4%.

Ras Al Khaimah Ceramics (RAKCEC) was up 2.3%, and the other gainers were up less than 2% or on thin trading. Union National Bank (UNB) was the worst loser, down 4.6% to 3.25, Ras Al Khaimah Properties (RAKPROP) fell 2.1%, and the other losers were down less than 2% or on thin trading. Emirates Telecom (ETISALAT) rose 0.45%, and National Bank of Abu Dhabi (NBAD) was unchanged.



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