Special Features
UAE Financial Market News
05 October 2010. Stocks mostly fell in the UAE but a bit of a jump on high volumes for Arabtec, and a small rise for Emaar led the DFM index to a slightly positive close. On the Nasdaq Dubai DP World was unchanged at US$0.51, and DGS fell 0.03%.Dubai Financial Market
Dubai stocks rose 0.19% to 1690 points from trading worth AED 313m with Arabtec (ARTC) the only stock trading more than AED 100m, up 5.0% to 2.11 from AED 167m, also the top gainer for the day. Union Properties (UPP) rose 1.45%, Emirates Integrated Telecommunications (DU) and Emaar Properties (EMAAR) were up about 1.1%, and the other gainers were up less than 1% or on low volumes.
Arab International Logistics (ARMX) was the worst of the more active losers, down 1.3% to 2.20, Emirates NBD (ENBD) fell 1.0% to 2.87, and the other losers were down less than 1% or on turnover of less than AED 1m.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.18% to 2660 points from trading worth AED 90m with Aldar Properties (ALDAR) the only stock to trade more than AED 10m worth - down 1.6% to 2.42 from AED 39m. Ras Al Khaimah Properties (RAKPROP) was the worst of the more active losers, down 2.3% to 0.42, and the other losers fell less than 1.5% or on thin trading, including National Bank of Abu Dhabi (NBAD) down 1.3%.
Umm Al Quwain Cement (QCEM) was the top gainer, up 1.4% to 0.74, Abu Dhabi Commercial Bank (ADCB) rose 0.88%, Emirates Telecom (ETISALAT) 0.47%, and the other 3 gainers were up on turnover of less than AED 1m.
