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Wednesday, October 06, 2010

UAE markets 06 Oct 2010

UAE market news & discussions for 06 October 2010

UAE stocks rose on an encouraging increase in volumes. On the Nasdaq Dubai, DP World rose 1.6% to US$0.52.

  • UAE financial news - latest news from Reuters, Bloomberg and UAE media
  • Dubai Financial Market

    Dubai stocks rose 0.90% to 1705 points from AED 395m worth of trading with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 0.80% to 3.79 from AED 134m. Ektitab Holding (EKTTITAB) was the best of the more active gainers, up 6.2% to 0.36, Drake & Scull (DSI) rose 6.1%, Dubai Investment Company (DIC) 3.2%, and the other gainers were up less than 3% except for International Financial Advisers (IFA) and Global Investment House (GLOBAL) which both rose more than 10% on a couple of trades between them. There were only 2 losers - Gulf General Investment (GGICO) down 3.35%, and Emirates NBD (ENBD) down 0.70%.

    Abu Dhabi Securities Exchange

    Abu Dhabi stocks rose 0.68% to 2678 points from trading worth AED 143m with Aldar Properties (ALDAR) the most active stock, up 2.9% to 2.46 from AED 39m, and also the top gainer except for a couple of trades in National Marine Dredging (NMDC) which closed 10% limit up. Union National Bank (UNB) rose 2.9%, Agthia Group (AGTHIA) was up 2.65%, Ras Al Khaimah Properties (RAKPROP) and Methaq Islamic Insurance (METHAQ) were up 2.4%, and Sorouh Real Estate (SOROUH) rose 2.3%. The other gainers were up less than 2%. There were 6 losers with Invest Bank (INVESTB) and Foodco Holding (FOODCO) closing 10% limit down. Only Invest Bank traded more than AED 1m worth with closing price of 1.71. Emirates Telecom (ETISALAT) rose 0.47%, and National Bank of Abu Dhabi (NBAD) was up 1.3%.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 06 October 2010

    UAE stock market news and discussions at Dubai Share Talk ...

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    best stock rises
    symbol price change
    IFA 0.87 +0.11 +14.5%
    GLOBAL 0.80 +0.10 +14.3%
    EKTTITAB 0.36 +0.02 +5.9%
    NMDC 9.68 +0.54 +5.9%
    DSI 0.98 +0.06 +6.5%
    worst stock falls
    symbol price change
    INVESTB 1.71 -0.19 -10%
    FOODCO 1.80 -0.20 -10%
    DRIVE 3.55 -0.31 -8%
    GGICO 0.46 -0.02 -4.2%
    AKIC 0.78 -0.01 -1.3%
    top volume
    symbol value (AED) price
    EMAAR133,772,6143.79
    ARTC91,484,0402.16
    DFM60,579,9551.80
    ALDAR38,801,8972.46
    DANA31,441,1330.83

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