Special Features
UAE Financial Market News
14 October 2010. UAE stocks rose in Abu Dhabi, led by Dana Gas, but fell in Dubai. On the Nasdaq Dubai, DP World rose 4.0%, and DGS was up 0.57%.Dubai Financial Market
Dubai stocks fell 0.68% to 1747 points from trading worth 337m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, down 1.5% to 3.94 from AED 119m worth. Al Salam Bank (SALAM_BAH) was the worst loser, down 2.0% but from just a handful of trades. Air Arabia (AIRARABIA) fell 1.75%, Global Investment House (GLOBAL) and Emirates NBD (ENBD) fell 1.7% on thin trading, and the other losers were down less than 1.5%.
HITS Telecom was the top gainer, up 11.4% to 0.87, Shuaa Capital (SHUAA) closed 5% limit up, Islamic Arab Insurance (IAIC) rose 4.2%, Al Madina Finance (ALMADINA) rose 3.85%, Dubai Islamic Insurance (AMAN) 2.8%, and the other gainers were up between 1% and 2%.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.52% to 2759 points from AED 214m worth of trading with Dana Gas (DANA) the most actively traded stock, up 2.4% to 0.84 from AED 66m. Methaq Islamic Insurance (METHAQ) and Arkan Building Materials (ARKAN) were the top gainers, both closing 10% limit up at 1.51 and 1.47 respectively.
Ras Al Khaimah Cement (RAKCC) rose 5.1%, Ras Al Khaimah Properties (RAKPROP) rose 4.55%, and the other gainers were up less than 2% or on thin trading. Abu Dhabi National Takaful (TKFL) was the worst loser, down 8.3% but from just one tiny trade. Abu Dhabi Islamic Bank (ADIB) fell 2.8%, First Gulf Bank (FGB) 2.2%, and the other 5 losers were down less than 2%.
