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UAE Financial Market News
07 December 2010. Stocks rose in Dubai with Arabtec leading the way again, but fell in Abu Dhabi, with unusually high volumes and limit down trading in National Bank of Umm Al Quwain shares. On the Nasdaq Dubai, DP World fell 0.66%. Dubai Financial Market Dubai stocks rose 0.61% to 1717 points from trading worth AED 354m with Arabtec (ARTC) the only stock trading more than AED 100m, up 4.4% to 2.12 from AED 133m. Al Salam Bank Sudan (ALSALAMSUDAN) rose 14% from one small trade, Ektitab Holding (EKTTITAB) was up 6.0%, Drake & Scull (DSI) 2.9%. Deyaar Development (DEYAAR) 2.3%, and the other gainers were up less than 2%. Dubai Insurance (DIN) was the worst of the more active losers, down 2.2% to 2.20, Emirates NBD (ENBD) also fell 2.2% but on low volumes, and the other losers fell less than 2%, except for Al Salam Bank (SALAM_BAH), down 2.6% on thin trading. Abu Dhabi Securities Exchange Abu Dhabi stocks fell 0.34% to 2740 points from AED 114m worth of trading with National Bank of Umm Al Quwain (NBQ) the most active stock, and the worst loser, 10% limit down to 2.09 from AED 28m with no buyers in the queue. Ras Al Khaimah Poultry (RAPCO) fell 6.7% on low volumes, Ras Al Khaimah Cement (RAKCC) fell 2.2%. National Bank of Abu Dhabi (NBAD) was down 1.6%, Emirates Telecom (ETISALAT) 0.46%, Arkan Building Materials (ARKAN) 1.05%, and Methaq Islamic Insurance (METHAQ) 0.73%. Waha Capital (OILC) was the best of the more active gainers, rising 2.6% to 0.80, Ras Al Khaimah Properties (RAKPROP) rose 2.1%, and the other gainers were up less than 2% or on thin trading.|
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