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UAE Financial Market News

16 December 2010. UAE stock indices closed almost unchanged in Abu Dhabi, and up in Dubai. On the Nasdaq Dubai, Depa fell 2.8%, DP World rose 1.2%, and Damas fell 10.0%.

Dubai Financial Market

Dubai stocks rose 0.56% to 1639 points from trading worth AED 156m with Emaar Properties (EMAAR) the most actively traded stock, up 0.85% to 3.55 from AED 91m. Arab International Logistics (ARMX) was the best of the more active gainers, up 3.4% to 2.11, National General Cooling (TABREED) rose 2.9%.

Arabtec (ARTC) was up 1.6%, and the other gainers rose less than 1.5% or on low value trading. Gulf Navigation (GULFNAV) was the worst loser, down 3.0% to 0.42, Union Properties (UPP) fell 1.85%, and the other losers fell less than 1.5% or on thin trading.

Abu Dhabi Securities Exchange

Abu Dhabi stocks fell less than one point, by 0.02% to 2716 points from trading worth AED 107m with Aldar Properties (ALDAR) the most active stock, unchanged at 2.28 from AED 35m. Ras Al Khaimah Properties (RAKPROP) was the worst of the more active losers, down 2.2% to 0.45, Abu Dhabi Commercial Bank (ADCB) fell 1.9%.

Sorouh Real Estate (SOROUH) fell 1.8%, and the other losers were down less than 1.5% or on low volumes. Methaq Islamic Insurance (METHAQ) was the best of the more active gainers, up 3.2% to 2.56, First Gulf Bank (FGB) rose 1.6%, Ras Al Khaimah White Cement (RAKWCT) was up 1.5%, and the other gainers were up less than 1.5% or on thin trading.

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