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Thursday, October 28, 2010

UAE markets 28 Oct 2010

UAE market news & discussions for 28 October 2010

UAE stocks rose in Dubai but fell slightly in Abu Dhabi. On the Nasdaq Dubai, DP World fell 0.17%, Depa rose 3.0%, and Damas rose 6.7%.

  • UAE financial news - latest news from Reuters, Bloomberg and UAE media
  • Dubai Financial Market

    Dubai stocks rose 2.6% to 1777 points from trading worth AED 277m with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, up 3.4% to 3.91 from AED 106m. Al Madina Finance (ALMADINA) was the top gainer, up 10.2% to 0.58, Ektitab Holding (EKTTITAB) rose 5.8%, Emarat Takaful Insurance (TAKAFUL-EM) closed 5% limit up, Emirates NBD (ENBD) rose 4.8%, HITS Telecom 4.1%, and the other gainers were up less than 4%. Global Investment House (GLOBAL) was the only loser, down 9.9% to 0.82 from thin trading.

    Abu Dhabi Securities Exchange

    Abu Dhabi stocks fell 0.19% to 2817 points from trading worth AED 214m with Aldar Properties (ALDAR) the most active stock, up 0.39% to 2.61 from AED 42m. Abu Dhabi National Insurance (ADNIC) was the worst loser, down 5.7% to 6.45, Al Buhaira National Insurance (ABNIC) fell 2.5%, Abu Dhabi National Hotels (ADNH) 2.0%, and the other losers were down less than 1.5% or on thin trading. Green Crescent Insurance (GCIC) and Methaq Islamic Insurance (METHAQ) were the top gainers, both closing 10% limit up with no sellers in the queue. Al Dhafra Insurance (DHAFRA) rose 5.1%, Arkan Building Materials (ARKAN) 4.6%, Ras Al Khaimah Cement (RAKCC) 4.55%, and the other gainers were up less than 2% or on thin trading. Emirates Telecom (ETISALAT) fell 1.3%, and National Bank of Abu Dhabi (NBAD) was unchanged.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 28 October 2010

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

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    best stock rises
    symbol price change
    ALMADINA 0.58 +0.05 +9.4%
    NMDC 10.25 +0.87 +9.3%
    GMPC 1.92 +0.16 +9.1%
    FOODCO 2.75 +0.22 +8.7%
    EIC 6.51 +0.48 +8%
    worst stock falls
    symbol price change
    GLOBAL 0.82 -0.09 -9.9%
    ADNIC 6.45 -0.40 -5.8%
    ABNIC 8.95 -0.23 -2.5%
    ADAVIATION 2.30 -0.05 -2.1%
    NCTH 7.35 -0.15 -2%
    top volume
    symbol value (AED) price
    EMAAR106,308,9783.91
    ALDAR41,671,5712.61
    ARTC32,732,1212.27
    SOROUH28,553,0251.79
    AIRARABIA18,952,4000.84

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