Special Features
UAE Financial Market News
07 October 2010. UAE stocks rose with unusually high trading volumes for First Gulf Bank in Abu Dhabi. On the Nasdaq Dubai, DP World is up 2.5%, and Depa and Damas traded with closing prices unchanged.Dubai Financial Market
Dubai stocks rose 1.0% to 1723 points from trading worth AED 313m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 1.1% to 3.83 from AED 116m. Except for a couple of rare trades for Dubai Refreshments (DRC), Islamic Arab Insurance (IAIC) was the top gainer, up 4.0% to 0.94.
Dubai Islamic Insurance (AMAN) rose 3.6%, Emirates NBD (ENBD) 3.5%, and the other gainers were up less than 2%. There were 6 losers with only two trading more than AED 1m - Deyaar Development (DEYAAR) and Gulf Finance House (GFH), both up less than 0.5%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.29% to 2685 points from AED 202m worth of trading with First Gulf Bank (FGB), unusually, in the top spot by traded value, and the only stock trading more than AED 100m, up 0.67% to 15.25. Abu Dhabi Commercial Bank (ADCB) was the best of the more active gainers, up 2.2% to 2.36.
Methaq Islamic Insurance (METHAQ) rose 1.55%, and the other gainers were up less than 1% or on thin trading. There were 9 losers with only Abu Dhabi Islamic Bank (ADIB) trading more than AED 1m worth, down just 0.34% to 2.95. Emirates Telecom (ETISALAT) rose 0.47% to 10.75, and National Bank of Abu Dhabi (NBAD) was unchanged at 11.65.
