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UAE Financial Market News

08 December 2010. UAE stocks fell in Dubai, but rose in Abu Dhabi led by a limit up close for Aldar on heavy trading. On the Nasdaq Dubai, DP World fell 0.67%, and Depa fell 0.83%. Dubai Financial Market Dubai stocks fell 0.94% to 1700 points from trading worth AED 202m with Arabtec (ARTC) the most active stock, down 0.47% to 2.11 from AED 62m. Arab International Logistics (ARMX) was the worst of the more active stocks, down 2.4% to 2.00. Al Madina Finance (ALMADINA) fell 2.3%, Emirates NBD (ENBD) fell 2.2%, and the other losers were down less than 2% or on low volumes. There were 5 gainers with only Dubai Investment Company (DIC) trading more than AED 1m - up 1.35% to 0.90. Abu Dhabi Securities Exchange Abu Dhabi stocks rose 0.53% to 2755 points from AED 382m worth of trading with Aldar Properties (ALDAR) the most actively traded stock, and the top gainer, closing 10% limit up at 2.51 with no sellers in the queue. National Bank of Umm Al Quwain (NBQ) and Umm Al Quwain Cement (QCEM) also closed 10% limit up but from just one tiny trade each. Sorouh Real Estate (SOROUH) rose 4.7%. Ras Al Khaimah Properties (RAKPROP) 2.0%, and the other gainers were up less than 2% or on thin trading. Only 2 losers saw trading of more than AED 1m - Methaq Islamic Insurance (METHAQ) and Arkan Building Materials (ARKAN), both down 1.1%. Emirates Telecom (ETISALAT) closed unchanged, and National Bank of Abu Dhabi (NBAD) rose 0.83%.

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