UAE market news & discussions for 10 October 2010UAE stocks rose, led by Emaar and Arabtec in Dubai with significantly increased trading interest. On the Nasdaq Dubai, DP World rose 3.6%, and Depa was unchanged. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose 1.6% to 1750 points from AED 619m worth of trading with Emaar Properties (EMAAR) the most active stock, up 3.1% to 3.95 from AED 212m. Arabtec (ARTC) up 5.05%, and Dubai Financial Market (DFM) up 1.6%, also traded more than AED 100m worth. Except for one small trade in Global Investment House (GLOBAL), Ajman Islamic Bank (AJMANBANK) was the top gainer, up 5.8% to 0.86. Shuaa Capital (SHUAA) was up 3.6%, Emirates Integrated Telecommunications (DU) 3.4%, Al Salam Bank Sudan (ALSALAMSUDAN) 3.3%, and the other gainers rose less than 3%. Arab International Logistics (ARMX) and Commercial Bank of Dubai (CBD) were the worst losers, both down 1.3%, Gulf Finance House (GFH) fell 1.05%, and the other 3 losers fell less than 1%. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.70% to 2704 points from AED 211m worth of trading with Aldar Properties (ALDAR) the most active stock, up 2.0% to 2.55 from 84m worth of deals. First Gulf Bank (FGB) was the best of the more active gainers, up 4.0% to 15.50 from AED 13m, Ras Al Khaimah Properties (RAKPROP) rose 2.3%, and the other gainers were up less than 2% or on thin trading. There were 5 losers, none trading more than AED 1m. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) closed unchanged from Thursday. | |