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UAE Financial Market News

09 November 2010. UAE stocks rose, led by Aldar in Abu Dhabi, and Emaar and Arabtec in Dubai. On the Nasdaq Dubai, DP World was unchanged, and Depa rose 1.4%. Dubai Financial Market Dubai stocks rose 1.3% to 1716 points from trading worth AED 291m with Emaar Properties (EMAAR) the most active stock, up 3.3% to 3.77 from AED 97m. Arabtec (ARTC) was the top gainer, up 4.2% to 1.98, Deyaar Development (DEYAAR) rose 3.0%, National General Cooling (TABREED) 2.9%. Dubai Financial Market (DFM) 2.6%, and the other gainers were up less than 2%. Global Investment House (GLOBAL) was the worst loser, 10% limit down from one small trade, Ektitab Holding (EKTTITAB) fell 5.8%, HITS Telecom 4.5%, Gulf Navigation (GULFNAV) 2.0%, and the other losers were down less than 2% or on thin trading. Abu Dhabi Securities Exchange Abu Dhabi stocks rose 0.16% to 2755 points from trading worth AED 319m with Aldar Properties (ALDAR) the only stock trading more than AED 100m worth, up 3.15% to 2.37 from AED 150m. Abu Dhabi Aviation (ADAVIATION) and National Marine Dredging (NMDC) were the top gainers, both closing 10% limit up but from low turnover. Sorouh Real Estate (SOROUH) rose 3.1%, First Gulf Bank (FGB) 1.2%, Ras Al Khaimah Cement (RAKCC) 1.0%, and the other 3 gainers were up less than 1%. Methaq Islamic Insurance (METHAQ) was the worst of the more active losers, down 4.2% to 2.64, Green Crescent Insurance (GCIC) fell 3.3%, Abu Dhabi Islamic Bank (ADIB) 2.3%, Ras Al Khaimah Properties (RAKPROP) 2.1%, and the other losers were down less than 2% or on low volumes. National Bank of Abu Dhabi (NBAD) and Emirates Telecom (ETISALAT) closed unchanged.

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