Special Features
UAE Financial Market News
11 November 2010. UAE stocks fell although Methaq and Arkan continued to bounce around, both with significant gains. On the Nasdaq Dubai, DP World rose 2.2%, Depa fell 4.2%, and DGS fell 0.82%.Dubai Financial Market
Dubai stocks fell 0.86% to 1692 points from trading worth AED 213m with Arabtec (ARTC) the most actively traded stock, down 2.6% to 1.88 from AED 54m. Emaar Properties (EMAAR) saw similar volumes, down 1.3% to 3.67 from AED 51m. Dubai Islamic Insurance (AMAN) was the worst of the more active losers, down 4.6% to 0.72, Al Madina Finance (ALMADINA) fell 4.6% also, Ektitab Holding (EKTTITAB) was down 4.3%, Union Properties (UPP) 4.0%, Drake & Scull (DSI) 3.6%.
National General Cooling (TABREED) 2.55%, and the other losers fell less than 2% except for a few trades in Dar Takaful Insurance (DARTAKAFUL) which closed 5% limit down. There were 5 gainers with only Ajman Islamic Bank (AJMANBANK) trading more than AED 1m worth (just), up 1.2% to 0.86.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.12% to 2758 points from trading worth AED 132m with Aldar Properties (ALDAR) the most active stock, down 3.4% to 2.27 from AED 28m, also the worst loser except for a few trades in Abu Dhabi Ship Building (ADSB). Sorouh Real Estate (SOROUH) fell 2.4%, Ras Al Khaimah Cement (RAKCC) fell 2.0%, and the other losers were down less than 2% or on thin trading.
Emirates Telecom (ETISALAT) fell 0.45% to 11.00, and National Bank of Abu Dhabi (NBAD) was unchanged. Methaq Islamic Insurance (METHAQ) was the top gainer, up 5.45% to 2.60, Arkan Building Materials (ARKAN) rose 3.45%, Green Crescent Insurance (GCIC) 2.5%, Abu Dhabi National Energy (TAQA) 2.1%, First Gulf Bank (FGB) 1.0%, and the other 3 gainers were up on thin trading.
