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UAE Financial Market News

14 December 2010. UAE stocks fell on relatively modest trading with Tabreed the only stock movement of any significance. On the Nasdaq Dubai, DP World fell 0.17% to US$0.59.

Dubai Financial Market

Dubai stocks fell 0.60% to 1644 points from trading worth AED 138m with Emaar Properties (EMAAR) the most active stock, down 0.28% to 3.59 from AED 44m. National General Cooling (TABREED) was the worst loser, down 7.0% to 1.72, Emirates Integrated Telecommunications (DU) fell 2.1%, and the other losers were down less than 2% or on low volumes.

There were 4 gainers - Commercial Bank of Dubai (CBD) up 4.85% from a couple of small trades, HITS Telecom up 3.9%, and Air Arabia (AIRARABIA) and Deyaar Development (DEYAAR) both up less than 1%.

Abu Dhabi Securities Exchange

Abu Dhabi stocks fell 0.62% to 2728 points from trading worth AED 75m with Aldar Properties (ALDAR) the most active stock, down 2.1% to 2.30 from AED 26m. Except for a couple of small trades for Gulf Pharmaceutical Industries (JULPHAR), Ras Al Khaimah Cement (RAKCC) was the worst of the more active losers, down 3.3% to 0.87, Methaq Islamic Insurance (METHAQ) fell 3.0%.

Ras Al Khaimah Properties (RAKPROP) 2.1%, and the other losers were down less than 2% or on low volumes. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) both fell just under 0.5%. There were 5 gainers including a 10% limit up close for Abu Dhabi Ship Building (ADSB), but none saw trading worth more than AED 1m.

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