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UAE Financial Market News

09 December 2010. UAE stocks rose in Abu Dhabi but fell in Dubai. On the Nasdaq Dubai, DP World fell 0.17%, and Depa rose 0.14%.

Dubai Financial Market

Dubai stocks fell 0.45% to 1693 points from trading worth AED 146m with Arabtec (ARTC) the most active stock, down 1.9% to 2.07 from AED 37m. HITS Telecom was the worst loser, down 2.8% to 1.03, Islamic Arab Insurance (IAIC) fell 2.4%.

Ektitab Holding (EKTTITAB) 2.3%, and the other losers were down less than 2% or on thin trading. Arab International Logistics (ARMX) was the top gainer, up 4.5% to 2.09, and Shuaa Capital (SHUAA) was the only other gainer trading more than AED 1m, up 1.7% to 1.22.

Abu Dhabi Securities Exchange

Abu Dhabi stocks rose 0.25% to 2762 points from trading worth AED 151m with Aldar Properties (ALDAR) the most active stock, up 2.0% to 2.47 from AED 64m. Ras Al Khaimah Cement (RAKCC) was the best of the more active stocks, up 3.3% to 0.92 from AED 12m.

Arkan Building Materials (ARKAN) rose 3.2%, First Gulf Bank (FGB) 2.2%, and the other gainers were up less than 2% or on thin trading. Ras Al Khaimah Properties (RAKPROP) was the worst of the more active losers, down 4.0% to 0.48, Dana Gas (DANA) fell 1.3%, Waha Capital (OILC) 1.25%, and the other losers fell on thin trading.

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