DFM & ADSM reports

Stocks rose in Abu Dhabi but fell in Dubai. On the Nasdaq Dubai, DP World was unchanged, and Depa rose 1.4%.

UAE financial news - latest news from Reuters, Bloomberg and UAE media

Dubai stocks fell 0.65% to 1744 points from AED 255m worth of trading with Emaar Properties (EMAAR) the most active stock, down 1.0% to 3.85 from AED 74m. Dubai Financial Market (DFM) was the worst of the more active losers, down 2.2% to 1.76, Arab International Logistics (ARMX) fell 1.8%, Dubai Islamic Bank (DIB) 1.2%, Emirates NBD (ENBD) 1.0%, and the other losers were down less than 1% or on thin trading. Global Investment House (GLOBAL) was the top gainer, up 11.3% to 0.80, but from just one small trade. Dubai Islamic Insurance (AMAN), Dar Takaful Insurance (DARTAKAFUL), Emarat Takaful Insurance (TAKAFUL-EM), and Dubai Insurance (DIN) all closed 5% limit up, Islamic Arab Insurance (IAIC) was up 2.9%, and the other gainers rose less than 1.5%.

Abu Dhabi stocks rose 0.75% to 2808 points from trading worth AED 317m with Commercial Bank International (CBI) the most active stock by traded value, and also one of the top gainers, with a single trade worth AED 88m, up 9.3% to 1.18. Abu Dhabi Ship Building (ADSB) and Methaq Islamic Insurance (METHAQ) were the other top gainers, both 10% limit up with no sellers in the queue. Arkan Building Materials (ARKAN) rose 6.2%, Green Crescent Insurance (GCIC) was up 2.6%, Abu Dhabi Commercial Bank (ADCB) 2.5%, and the other gainers rose less than 2.5% or on thin trading. There were 6 losers, none trading more than AED 1m. Emirates Telecom (ETISALAT) rose 0.86%, and National Bank of Abu Dhabi (NBAD) was unchanged.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 21 October 2010

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Thursday, October 21, 2010