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UAE Financial Market News

21 December 2010. UAE stocks fell on modest trading, although First Gulf Bank in Abu Dhabi stood out with relatively greater than usual activity. On the Nasdaq Dubai, DP World fell 0.50%, DGS fell 0.82%, and Depa was unchanged. The daily report will be temporarily suspended from tomorrow until the start of 2011 while Share Wadi has a break for the holiday season. Merry Christmas and Happy New Year to all readers, and good luck with your investments for 2011. Dubai Financial Market Dubai stocks fell 0.39% to 1626 points from trading worth AED 92m with Emaar Properties (EMAAR) the most active stock, down 1.1% to 3.49 from AED 33m. Arabtec (ARTC) was the worst of the more active losers, down 1.5% to 1.97. Emirates Integrated Telecommunications (DU) fell 1.1%, and the other losers were down less than 1% or on thin trading. Al Madina Finance (ALMADINA) was the top gainer, up 3.2% to 0.62, and the only gainer rising more than 1% on trading worth more than AED 1m. Abu Dhabi Securities Exchange Abu Dhabi stocks fell 0.66% to 2698 points from trading worth AED 82m with First Gulf Bank (FGB) the most active stock, down 2.9% to 18.35 from AED 41m, and also the worst loser except for a small trade in Abu Dhabi Ship Building (ADSB). Methaq Islamic Insurance (METHAQ) fell 1.55%. Dana Gas (DANA) 1.4%, and the other losers were down less than 1% or on thin trading. There were four gainers with only two trading more than AED 1m worth - Abu Dhabi Islamic Bank (ADIB) and Union National Bank (UNB), both up about 0.3%. Emirates Telecom (ETISALAT) fell 0.46%, and National Bank of Abu Dhabi (NBAD) fell 1.3%.

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