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UAE Financial Market News

30 November 2010. UAE stocks mostly fell, on low volumes with no significant price movements except for a couple of Kuwait secondary listings. On the Nasdaq Dubai, DP World was unchanged, and Depa fell 1.4%.

Dubai Financial Market

Dubai stocks fell 0.36% to 1669 points from trading worth AED 115m with Arabtec (ARTC) the most actively traded stock, down 0.55% to 1.82 from AED 24m worth of trading. HITS Telecom was the worst loser, down 5.4% to 1.06, Union Properties (UPP) fell 3.05%, and the other losers were down less than 2%, including Emaar Properties (EMAAR) which fell 0.82%.

Ektitab Holding (EKTTITAB) was the top gainer, up 10% to 0.45, Islamic Arab Insurance (IAIC) rose 2.7% on low volumes, and the other 3 gainers were up between 1% and 2%, also on low trading levels.

Abu Dhabi Securities Exchange

Abu Dhabi stocks fell just 0.05% to 2730 points from trading worth AED 101m with Aldar Properties (ALDAR) the most actively traded stock, up 1.4% to 2.19 from AED 32m worth of deals. Ras Al Khaimah Cement (RAKCC) was the worst of the more active stocks, down 2.2% to 0.88, Arkan Building Materials (ARKAN) and Abu Dhabi Islamic Bank (ADIB) fell 2.1%, and the other losers fell less than 2% or on thin trading.

Except for a small 10% limit up trade for Oman and Emirates Investment Holding (OEIHC), Union National Bank (UNB) was the top gainer, up 3.0% to 3.11, and the other gainers were up less than 1.5%. National Bank of Abu Dhabi (NBAD) fell 0.41%, and Emirates Telecom (ETISALAT) was unchanged.



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