Special Features
UAE Financial Market News
06 October 2010. UAE stocks rose on an encouraging increase in volumes. On the Nasdaq Dubai, DP World rose 1.6% to US$0.52.Dubai Financial Market
Dubai stocks rose 0.90% to 1705 points from AED 395m worth of trading with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 0.80% to 3.79 from AED 134m. Ektitab Holding (EKTTITAB) was the best of the more active gainers, up 6.2% to 0.36, Drake & Scull (DSI) rose 6.1%.
Dubai Investment Company (DIC) 3.2%, and the other gainers were up less than 3% except for International Financial Advisers (IFA) and Global Investment House (GLOBAL) which both rose more than 10% on a couple of trades between them. There were only 2 losers - Gulf General Investment (GGICO) down 3.35%, and Emirates NBD (ENBD) down 0.70%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.68% to 2678 points from trading worth AED 143m with Aldar Properties (ALDAR) the most active stock, up 2.9% to 2.46 from AED 39m, and also the top gainer except for a couple of trades in National Marine Dredging (NMDC) which closed 10% limit up. Union National Bank (UNB) rose 2.9%, Agthia Group (AGTHIA) was up 2.65%.
Ras Al Khaimah Properties (RAKPROP) and Methaq Islamic Insurance (METHAQ) were up 2.4%, and Sorouh Real Estate (SOROUH) rose 2.3%. The other gainers were up less than 2%. There were 6 losers with Invest Bank (INVESTB) and Foodco Holding (FOODCO) closing 10% limit down. Only Invest Bank traded more than AED 1m worth with closing price of 1.71. Emirates Telecom (ETISALAT) rose 0.47%, and National Bank of Abu Dhabi (NBAD) was up 1.3%.
