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UAE Financial Market News

12 December 2010. UAE stocks rose slightly in Abu Dhabi, but fell in Dubai. On the Nasdaq Dubai, DP World fell 0.67%, and Depa fell 2.78%.

Dubai Financial Market

Dubai stocks fell 0.98% to 1676 points from trading worth AED 137m with Arabtec (ARTC) the most active stock, down 2.9% to 2.01 from AED 44m. National General Cooling (TABREED) was the worst loser, falling 4.85% to 1.96, Ektitab Holding (EKTTITAB) fell 3.5%.

Drake & Scull (DSI) 3.2%, and the other losers were down less than 3% or on low volumes. There were only two gainers - Gulf General Investment (GGICO) and Dar Takaful Insurance (DARTAKAFUL), both up on thin trading.

Abu Dhabi Securities Exchange

Abu Dhabi stocks rose 0.17% to 2766 points from trading worth AED 96m with Aldar Properties (ALDAR) the most active stock, down 2.8% to 2.40 from AED 38m worth of trading. Oman and Emirates Investment Holding (OEIHC) and Gulf Medical Projects (GMPC) closed 10% limit up on a couple of small trades.

First Gulf Bank (FGB) was the best of the more active gainers, rising 2.4% to 19.15, Sharjah Islamic Bank (NBS) rose 2.2% on thin trading, and the other gainers were up less than 2%.
Fujairah Building Industries (FBICO) and Union Insurance (UNION) closed 10% limit down, Methaq Islamic Insurance (METHAQ) fell 2.6%, and the other losers were down less than 2.5%. Emirates Telecom (ETISALAT) was unchanged, and National Bank of Abu Dhabi (NBAD) rose 0.41%.

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