Special Features
UAE Financial Market News
10 October 2010. UAE stocks rose, led by Emaar and Arabtec in Dubai with significantly increased trading interest. On the Nasdaq Dubai, DP World rose 3.6%, and Depa was unchanged.Dubai Financial Market
Dubai stocks rose 1.6% to 1750 points from AED 619m worth of trading with Emaar Properties (EMAAR) the most active stock, up 3.1% to 3.95 from AED 212m. Arabtec (ARTC) up 5.05%, and Dubai Financial Market (DFM) up 1.6%, also traded more than AED 100m worth. Except for one small trade in Global Investment House (GLOBAL), Ajman Islamic Bank (AJMANBANK) was the top gainer, up 5.8% to 0.86.
Shuaa Capital (SHUAA) was up 3.6%, Emirates Integrated Telecommunications (DU) 3.4%, Al Salam Bank Sudan (ALSALAMSUDAN) 3.3%, and the other gainers rose less than 3%. Arab International Logistics (ARMX) and Commercial Bank of Dubai (CBD) were the worst losers, both down 1.3%, Gulf Finance House (GFH) fell 1.05%, and the other 3 losers fell less than 1%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.70% to 2704 points from AED 211m worth of trading with Aldar Properties (ALDAR) the most active stock, up 2.0% to 2.55 from 84m worth of deals. First Gulf Bank (FGB) was the best of the more active gainers, up 4.0% to 15.50 from AED 13m.
Ras Al Khaimah Properties (RAKPROP) rose 2.3%, and the other gainers were up less than 2% or on thin trading. There were 5 losers, none trading more than AED 1m. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) closed unchanged from Thursday.
