UAE Financial Market News
04 November 2010. UAE stocks mostly fell with a big drop for Aldar in Abu Dhabi. The slight increase in the Dubai index was due mostly to a rise in Emirates NBD shares. On the Nasdaq Dubai, DP World rose 2.35%, and Depa was unchanged.
Dubai Financial Market
Dubai stocks rose 0.15% to 1738 points from trading worth AED 229m with Emaar Properties (EMAAR) the most active stock, up 0.27% to 3.74 from AED 70m. Emirates NBD (ENBD) was the top gainer, up 1.25% to 3.25 from low volumes, Drake & Scull (DSI) rose 1.0%, and the other gainers were up less than 1%.
Global Investment House (GLOBAL) was the worst loser, 10% limit down from just one small trade, Al Madina Finance (ALMADINA) fell 5.5%, Ektitab Holding (EKTTITAB) was down 5.3%, and the other losers were down less than 2% or on thin trading.
Abu Dhabi Securities Exchange
Abu Dhabi stocks fell 0.40% to 2750 points from trading worth AED 253m with Aldar Properties (ALDAR) the most active stock, and also the worst loser, down 4.2% to 2.38 from AED 93m. Gulf Cement (GCEM) fell 3.0%, Dana Gas (DANA) 2.5%, and the other losers were down less than 2% or on thin trading.
Methaq Islamic Insurance (METHAQ) was the top gainer, closing 10% limit up with no sellers in the queue. Bank of Sharjah (BOS) rose 2.2% from a couple of trades, Ras Al Khaimah Cement (RAKCC) rose 1.1%, and the other 4 gainers were up less than 1%. National Bank of Abu Dhabi (NBAD) rose 0.42%, and Emirates Telecom (ETISALAT) fell 0.90%.
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