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UAE Financial Market News

06 December 2010. UAE stocks were up with some solid rises in Dubai on increased trading levels, especially for Arabtec and Drake & Scull. On the Nasdaq Dubai, DP World rose 0.67%, and Depa rose 0.83%.

Dubai Financial Market

Dubai stocks rose 1.1% to 1706 points from AED 374m worth of trading with Arabtec (ARTC) the only stock trading more than AED 100m, up 9.1% to 2.03. Ektitab Holding (EKTTITAB) was the top gainer, 15% limit up to 0.502, Drake & Scull (DSI) rose 6.5%.

Al Madina Finance (ALMADINA) was up 5.7%, Dubai Financial Market (DFM) rose 3.2%, and the other gainers were up less than 3%. There were 7 losers but only 2 saw trading of more than AED 1m worth - Arab International Logistics (ARMX) and Deyaar Development (DEYAAR), both down less than 0.5%.

Abu Dhabi Securities Exchange

Abu Dhabi stocks rose 0.14% to 2749 points from trading worth AED 148m with First Gulf Bank (FGB) the most active stock, up 3.8% to 17.85 from AED 31m worth. Aldar Properties (ALDAR) saw almost as much activity, up 1.8% to 2.27 from AED 30m. Ras Al Khaimah Properties (RAKPROP) was the top gainer, up 4.35% to 0.48.

Union National Bank (UNB) rose 3.5%, Waha Capital (OILC) 2.7%, Ras Al Khaimah Cement (RAKCC) 2.2%, and the other gainers were up less than 2%. There were 10 losers but only Emirates Telecom (ETISALAT) saw more than AED 1m worth of trading, falling 0.45% to 10.95.

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