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Wednesday, October 27, 2010

UAE markets 27 Oct 2010

UAE market news & discussions for 27 October 2010

UAE stocks fell overall, although there were some notable gainers. On the Nasdaq Dubai, DP World was unchanged, and Depa fell 1.5%.

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  • Dubai Financial Market

    Dubai stocks fell 0.70% to 1732 points from trading worth AED 198m with Emaar Properties (EMAAR) the most active stock, down 1.6% to 3.78 from AED 46m. Al Salam Bank Sudan (ALSALAMSUDAN) was the worst loser, down 6.9% to 1.76, Islamic Arab Insurance (IAIC) fell 5.5%, Gulf Navigation (GULFNAV) was down 3.2%, and the other losers fell less than 3%. Emarat Takaful Insurance (TAKAFUL-EM) was the top gainer, 5% limit up at 0.78, Emirates NBD (ENBD) rose 3.0%, Deyaar Development (DEYAAR) 2.5%, and the other gainers were up less than 2.5%.

    Abu Dhabi Securities Exchange

    Abu Dhabi stocks fell 0.14% to 2822 points from trading worth AED 276m with Aldar Properties (ALDAR) the most actively traded stock, down 1.15% to 2.58 from AED 58m. Sorouh Real Estate (SOROUH) was the worst of the more active losers, down 1.7% to 1.74, Dana Gas (DANA), Waha Capital (OILC), and First Gulf Bank (FGB) fell 1.2%, and the other stocks were down less than 1% or on thin trading. Methaq Islamic Insurance (METHAQ), Al Khazna Insurance (AKIC), and Green Crescent Insurance (GCIC) were the top gainers, all closing 10% limit up. Arkan Building Materials (ARKAN) rose 4.8%, Ras Al Khaimah Properties (RAKPROP) was up 4.0%, National Marine Dredging (NMDC) 3.5%, and the other gainers rose less than 3%.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 27 October 2010

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

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    best stock rises
    symbol price change
    AKIC 0.86 +0.07 +8.9%
    METHAQ 2.38 +0.19 +8.7%
    GCIC 0.91 +0.05 +5.8%
    TAKAFUL-EM 0.78 +0.04 +5.4%
    ARKAN 1.97 +0.09 +4.8%
    worst stock falls
    symbol price change
    GMPC 1.87 -0.13 -6.5%
    ALSALAMSUDAN 1.76 -0.13 -6.9%
    ASMAK 8.20 -0.60 -6.8%
    SALAMA 1.03 -0.06 -5.5%
    DARTAKAFUL 1.01 -0.05 -4.7%
    top volume
    symbol value (AED) price
    ALDAR58,302,1862.58
    EMAAR45,953,1863.78
    ETISALAT41,324,91811.70
    RAKPROP39,459,3550.53
    ARTC31,363,1302.23

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