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Thursday, October 14, 2010

UAE markets 14 Oct 2010

UAE market news & discussions for 14 October 2010

UAE 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%.

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  • Dubai Financial Market

    Dubai 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 Exchange

    Abu 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%.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 14 October 2010

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

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    best stock rises
    symbol price change
    HITSTELEC 0.87 +0.09 +11.5%
    METHAQ 1.51 +0.13 +9.4%
    ARKAN 1.47 +0.12 +8.9%
    UIC 4.00 +0.25 +6.7%
    RAKCC 0.84 +0.04 +5%
    worst stock falls
    symbol price change
    TKFL 3.76 -0.34 -8.3%
    ADIB 3.08 -0.09 -2.8%
    FGB 15.15 -0.35 -2.3%
    SALAM_BAH 0.80 -0.02 -2.4%
    AIRARABIA 0.84 -0.02 -2.3%
    top volume
    symbol value (AED) price
    EMAAR119,443,7653.94
    DANA65,556,0210.84
    DU49,830,9712.96
    ARTC40,880,0272.28
    ALDAR36,317,7402.49

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