Special Features
UAE Financial Market News
13 October 2010. UAE stocks rose on moderate volumes, led by Du Telecom in Dubai with a solid rise on greater than usual trading activity. On the Nasdaq Dubai DP World rose 0.18%, Depa was unchanged, and DGS rose 0.57%.Dubai Financial Market
Dubai stocks rose 0.92% to 1759 points from trading worth AED 358m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 1.5% to 4.00. HITS Telecom was the best of the more active gainers, up 8.5% to 0.78, Emirates Integrated Telecommunications (DU) rose 6.2% to 2.92 and was the second most active stock in Dubai.
Al Madina Finance (ALMADINA) was up 5.3%, Gulf Finance House (GFH) rose 2.4%, Arabtec (ARTC) 2.2%, and the other gainers were up less than 2% or on thin trading. There were 6 losers with 4 trading more than AED 1m worth - Ajman Islamic Bank (AJMANBANK), Emarat Takaful Insurance (TAKAFUL-EM), Ektitab Holding (EKTTITAB), and Arab International Logistics (ARMX), all down about 1-2%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 1.2% to 2745 points from AED 165m worth of trading with Aldar Properties (ALDAR) the most active stock, up 0.80% to 2.50 from AED 40m. Top gainers on more active trading were Arkan Building Materials (ARKAN) and Methaq Islamic Insurance (METHAQ), both closing 10% limit up.
Green Crescent Insurance (GCIC) rose 6.5%, Abu Dhabi National Energy (TAQA) 3.3%, and the other gainers were up less than 3% or on thin trading. There were 5 losers but none trading more than AED 1m. Emirates Telecom (ETISALAT) rose 1.4%, and National Bank of Abu Dhabi (NBAD) was up 0.43%.
