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UAE Financial Market News

15 December 2010. UAE stocks fell but on low volumes with no significant price changes. On the Nasdaq Dubai, DP World fell 1.2%, and Depa rose 2.9%.

Dubai Financial Market

Dubai stocks fell 0.84% to 1630 points from trading worth AED 114m with Emaar Properties (EMAAR) the most active stock, down 1.95% to 3.52 from AED 42m. Islamic Arab Insurance (IAIC) was the worst of the more active stocks, down 2.7% to 0.865, Dubai Financial Market (DFM) fell 2.0%, and the other losers were down less than 2% or on low volumes.

Dubai Insurance (DIN) was the best of the more active gainers, up 3.2% to 2.27, although that was from just one trade of about 3m shares. Arab International Logistics (ARMX) was the only other gainer trading more than AED 1m worth, up 0.99% to 2.04.

Abu Dhabi Securities Exchange

Abu Dhabi stocks fell 0.43% to 2716 points from trading worth AED 84m with Aldar Properties (ALDAR) the most actively traded stock, down 1.7% to 2.24 from AED 31m.

Abu Dhabi Commercial Bank (ADCB) was the worst of the more active losers, down 2.7% to 2.11, Green Crescent Insurance (GCIC) fell 2.6%, Arkan Building Materials (ARKAN) was down 2.2%, and the other losers fell less than 2% or on thin trading. There were only three gainers, none trading more than AED 1m.

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