Special Features
UAE Financial Market News
12 October 2010. UAE stocks fell although in Abu Dhabi Etisalat and Taqa stood out with small gains on relatively high volumes, and in Dubai HITS Telecom had a jump of more than 10% on greater than usual turnover. On the Nasdaq Dubai, DP World fell 0.18%, and Depa was unchanged.Dubai Financial Market
Dubai stocks fell 0.74% to 1743 points from AED 276m worth of trading with Emaar Properties (EMAAR) the only stock trading more than AED 100m, down 0.76% to 3.94. Drake & Scull (DSI) fell 1.9% to 0.97, Union Properties (UPP) was down 1.85%.
Arabtec (ARTC) 1.75%, and the other losers were down less than 1.5% or on thin trading. There were only 4 gainers - HITS Telecom up 10.4%, Ektitab Holding (EKTTITAB) up 2.2%, Gulf General Investment (GGICO) up 1.05%, and Ajman Islamic Bank (AJMANBANK) up 0.11%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.34% to 2712 points from AED 113m of turnover with Emirates Telecom (ETISALAT) the most actively traded stock, up 1.4% to 11.05 from AED 27m, and Aldar Properties (ALDAR) almost as busy with a fall of 2.35% to 2.48 from AED 26m making it the worst of the more active losers.
There were only 5 gainers with Abu Dhabi National Energy (TAQA) the only other one trading more than AED 1m, up 0.67% to 1.50. Sorouh Real Estate (SOROUH) fell 1.7%, First Gulf Bank (FGB) 1.6%, and the other losers were down less than 1% or on thin trading, including National Bank of Abu Dhabi (NBAD) down 0.85% to 11.70.
