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UAE Financial Market News

28 November 2010. UAE stocks mostly fell but trading levels were light. On the Nasdaq Dubai, DP World fell 1.0%, Damas rose 5.6%, and Depa was unchanged.

Dubai Financial Market

Dubai stocks fell 1.35% to 1660 points from trading worth AED 106m with Emaar Properties (EMAAR) the most active stock, down 1.4% to 3.60 from AED 30m. Arab International Logistics (ARMX) was the worst loser, down 4.3% to 1.99.

Al Madina Finance (ALMADINA) and Arabtec (ARTC) fell 2.2%, and the other losers were down less than 2% or on thin trading. There were only two gainers - Ajman Islamic Bank (AJMANBANK) and Drake & Scull (DSI) - both up less than 0.5%.

Abu Dhabi Securities Exchange

Abu Dhabi stocks fell 0.26% to 2750 points from trading worth AED 95m with Aldar Properties (ALDAR) the most active stock, down 2.7% to 2.16 from AED 23m. Methaq Islamic Insurance (METHAQ) was the worst loser, down 5.4% to 2.58, Ras Al Khaimah Cement (RAKCC) fell 5.4% also, Green Crescent Insurance (GCIC) was down 4.7%.

Arkan Building Materials (ARKAN) 4.5%, Ras Al Khaimah Properties (RAKPROP) 2.2%, and the other losers were down less than 2% or on thin trading. There were 7 gainers with only three trading more than AED 1m - Abu Dhabi National Energy (TAQA), Emirates Telecom (ETISALAT), and National Bank of Abu Dhabi (NBAD) - all up less than 1%.



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