UAE market news & discussions for 14 October 2010UAE stocks rose in Abu Dhabi, led by Dana Gas, but fell in Dubai. On the Nasdaq Dubai, DP World rose 4.0%, and DGS was up 0.57%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.68% to 1747 points from trading worth 337m with Emaar Properties (EMAAR) the only stock trading more than AED 100m, down 1.5% to 3.94 from AED 119m worth. Al Salam Bank (SALAM_BAH) was the worst loser, down 2.0% but from just a handful of trades. Air Arabia (AIRARABIA) fell 1.75%, Global Investment House (GLOBAL) and Emirates NBD (ENBD) fell 1.7% on thin trading, and the other losers were down less than 1.5%. HITS Telecom was the top gainer, up 11.4% to 0.87, Shuaa Capital (SHUAA) closed 5% limit up, Islamic Arab Insurance (IAIC) rose 4.2%, Al Madina Finance (ALMADINA) rose 3.85%, Dubai Islamic Insurance (AMAN) 2.8%, and the other gainers were up between 1% and 2%. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.52% to 2759 points from AED 214m worth of trading with Dana Gas (DANA) the most actively traded stock, up 2.4% to 0.84 from AED 66m. Methaq Islamic Insurance (METHAQ) and Arkan Building Materials (ARKAN) were the top gainers, both closing 10% limit up at 1.51 and 1.47 respectively. Ras Al Khaimah Cement (RAKCC) rose 5.1%, Ras Al Khaimah Properties (RAKPROP) rose 4.55%, and the other gainers were up less than 2% or on thin trading. Abu Dhabi National Takaful (TKFL) was the worst loser, down 8.3% but from just one tiny trade. Abu Dhabi Islamic Bank (ADIB) fell 2.8%, First Gulf Bank (FGB) 2.2%, and the other 5 losers were down less than 2%. | |