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UAE Financial Market News

01 December 2010. UAE stocks rose ahead of the UAE National Day and Al Hijri New Year break. On the Nasdaq Dubai, DP World fell 0.17%, DGS fell 0.82%, Depa fell 0.14%, and Damas traded unchanged. Stockmarkets are closed from Thursday 02 December 2010 until Sunday 05 December 2010, and will reopen for trading on Monday 06 December 2010.

Dubai Financial Market

Dubai stocks rose 1.14% to 1688 points from AED 122m with Emaar Properties (EMAAR) the most active stock, up 1.4% to 3.67 from AED 37m. Dubai Financial Market (DFM) and Union Properties (UPP) were the best of the more active gainers, up 2.6%.

Dubai Islamic Bank (DIB) rose 2.3%, Arabtec (ARTC) and Gulf Navigation (GULFNAV) 2.2%, and the remaining gainers were up less than 2% or on thin trading. There were 3 losers - Al Salam Bank Sudan (ALSALAMSUDAN) down 4.6%, Ektitab Holding (EKTTITAB) down 3.1%, and Al Madina Finance (ALMADINA) down 2.9%.

Abu Dhabi Securities Exchange

Abu Dhabi stocks rose 0.58% to 2746 points from trading worth AED 134m with Aldar Properties (ALDAR) the most active stock, up 1.8% to 2.25 from AED 34m. Except for one small 10% limit up trade for National Bank of Umm Al Quwain (NBQ), Abu Dhabi Islamic Bank (ADIB) was the top gainer, up 4.2% to 3.00.

Green Crescent Insurance (GCIC) rose 3.75%, Invest Bank (INVESTB) was up 3.0% on low volumes, Methaq Islamic Insurance (METHAQ) rose 3.0%, and the other gainers were up less than 3%. There were 6 losers with only 2 trading more than AED 1m worth - Qatar Telecom (QTEL) down 3.7%, and National Bank of Abu Dhabi (NBAD) down 0.41%.



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