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UAE Financial Market News
31 October 2010. UAE stock indices fell although there were several stocks with significant gains on relatively active trading. On the Nasdaq Dubai, Depa rose 1.5%, and DP World fell 1.2%. Dubai Financial Market Dubai stocks fell 0.71% to 1765 points from trading worth AED 267m with Emaar Properties (EMAAR) the most active stock, down 1.5% to 3.85 from AED 54m. Ektitab Holding (EKTTITAB) and Al Madina Finance (ALMADINA) were the top gainers, both closing 15% limit up with no sellers in the queue. HITS Telecom rose 10.9%, Emarat Takaful Insurance (TAKAFUL-EM) closed 5% limit up. Dubai Islamic Insurance (AMAN) rose 4.5%, and the other gainers were up less than 1% or on thin trading. Dar Takaful Insurance (DARTAKAFUL) was the worst loser, down 2.9% to 1.01, Islamic Arab Insurance (IAIC) and Arab International Logistics (ARMX) fell 2.8%, Dubai Islamic Bank (DIB) 1.6%, Deyaar Development (DEYAAR) 1.5%, and the other losers were down by less than 1.5%. Abu Dhabi Securities Exchange Abu Dhabi stocks fell marginally by 0.03% to 2816 points from trading worth AED 183m with Ras Al Khaimah Cement (RAKCC) the most active stock, up 5.4% to 0.99 from AED 28m. Top gainers, all with 10% limit up closing prices, were Al Dhafra Insurance (DHAFRA) from just one trade, Methaq Islamic Insurance (METHAQ). Green Crescent Insurance (GCIC), and Arkan Building Materials (ARKAN). First Gulf Bank (FGB) rose 2.7%, and the other gainers were up less than 1.5% or on thin trading. Ras Al Khaimah Properties (RAKPROP) was the worst of the more active losers, down 1.9% to 0.50, Agthia Group (AGTHIA) fell 1.8%, Emirates Telecom (ETISALAT) 1.3%, Abu Dhabi Commercial Bank (ADCB) 1.2%, and the other losers fell on thin trading.|
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