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UAE Financial Market News

29 November 2010. UAE stocks fell in Abu Dhabi with some of the banks falling on relatively active trading, but rose in Dubai. On the Nasdaq Dubai, DP World rose 0.84%, DGS rose 0.45%, and Damas was unchanged.

Dubai Financial Market

Dubai stocks rose 0.92% to 1675 points from trading worth AED 108m with Emaar Properties (EMAAR) the most active stock, up 1.4% to 3.65 from AED 33m. Dubai Financial Market (DFM) was the top gainer, up 3.3% to 1.55.

Dubai Islamic Bank (DIB) rose 2.3%, and the other gainers were up less than 2%. HITS Telecom was the worst of the more active losers, down 1.75%, Al Salam Bank Sudan (ALSALAMSUDAN) was 10% limit down from one small trade, and the other losers fell less than 1% or on thin trading.

Abu Dhabi Securities Exchange

Abu Dhabi stocks fell 0.67% to 2731 points from trading worth AED 115m with Aldar Properties (ALDAR) the most active stock, unchanged at 2.18 from AED 26m worth. Union National Bank (UNB) was the worst loser, down 4.4% to 3.18, Abu Dhabi Commercial Bank (ADCB) fell 3.1%.

Abu Dhabi Islamic Bank (ADIB) 2.7%, Arkan Building Materials (ARKAN) 2.6%, and the other losers were down less than 2%. Methaq Islamic Insurance (METHAQ) was the top gainer, up 3.45% to 2.70, Green Crescent Insurance (GCIC) rose 2.5%, Ras Al Khaimah Cement (RAKCC) 2.3%, and the other gainers were up less than 2% or on thin trading.

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