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Home / Features / UAE Financial Market News

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UAE Financial Market News

19 October 2010. UAE stocks rose. On the Nasdaq Dubai, DP World fell 0.85%, Depa rose 3.3%, and Damas fell 11.1%. Dubai Financial Market Dubai stocks rose 0.29% to 1744 points from trading worth AED 155m with Emaar Properties (EMAAR) the most active stock, down 0.26% to 3.88 from AED 47m. Except for a few small trades for Emarat Takaful Insurance (TAKAFUL-EM), Arabtec (ARTC) was the best gainer, up 1.8% to 2.29. Emirates Integrated Telecommunications (DU) rose 1.6%, and the other gainers were up less than 1% or on thin trading. Al Madina Finance (ALMADINA) was the worst of the more active losers, down 2.5% to 0.50, Air Arabia (AIRARABIA) fell 0.24%, and the other losers were down on thin trading. Abu Dhabi Securities Exchange Abu Dhabi stocks rose 1.1% to 2808 points from AED 174m worth of trading with Aldar Properties (ALDAR) the most active stock, up 0.81% to 2.50 from AED 37m. Abu Dhabi Islamic Bank (ADIB) was the top gainer, up 3.9% to 3.16 from AED 11m, Emirates Telecom (ETISALAT) rose 2.6%, Agthia Group (AGTHIA) was up 2.2%, and the other gainers rose less than 2% or on thin trading. Methaq Islamic Insurance (METHAQ) was the worst of the more active losers, down 6.0% to 1.57, Arkan Building Materials (ARKAN) fell 5.0%, Sudan Telecom (SUDATEL) 2.6%, Ras Al Khaimah Cement (RAKCC) 2.5%, and the remaining losers fell less than 2% or on thin trading.

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