Special Features
UAE Financial Market News
18 October 2010. UAE stocks rose in Abu Dhabi but fell in Dubai. On the Nasdaq Dubai, DP World rose 3.0%, and Damas rose 12.5%.Dubai Financial Market
Dubai stocks fell 0.30% to 1739 points from AED 235m worth of trading with Emaar Properties (EMAAR) the most active stock, down 0.76% to 3.89 from AED 67m worth of trading. Emirates Integrated Telecommunications (DU) saw almost the same amount of turnover, up 3.4% to 3.05. Al Madina Finance (ALMADINA) was the worst of the more active losers, down 1.7% to 0.52, Arab International Logistics (ARMX) fell 0.91%.
Dubai Financial Market (DFM) 0.56%, Deyaar Development (DEYAAR) 0.32%, and the other losers dropped on low turnover. HITS Telecom was the top gainer, up 3.5% to 0.85, Dubai Islamic Bank (DIB) rose 0.87%, Dubai Investment Company (DIC) was up 0.73%, Arabtec (ARTC) rose 0.45%, and the other gainers were up on thin trading.
Abu Dhabi Securities Exchange
Abu Dhabi stocks rose 0.56% to 2778 points from AED 174m worth of trading with Emirates Insurance (EIC) the most active stock by value, unchanged at 6.00 from a single trade of 10m shares. Green Crescent Insurance (GCIC) was the best of the more active gainers, up 5.8% to 0.74.
Ras Al Khaimah Properties (RAKPROP) rose 2.2%, and the other gainers were up less than 2% or on thin trading. Ras Al Khaimah Cement (RAKCC) was the worst loser, down 4.8% to 0.77, Dana Gas (DANA) fell 1.2%, and the other 4 losers fell on low volumes. Emirates Telecom (ETISALAT) rose 0.87%, and National Bank of Abu Dhabi (NBAD) was up 0.43%.
