DFM & ADSM reports

Stocks rose in Dubai with some good gains, but mostly fell in Abu Dhabi. On the Nasdaq Dubai, DP World rose 0.17%, and Depa rose 0.14%.

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

Dubai stocks rose 0.98% to 1782 points from trading worth AED 363m with Emaar Properties (EMAAR) the most active stock, up 0.52% to 3.87 from AED 51m. The top gainers were Ektitab Holding (EKTTITAB) and Al Madina Finance (ALMADINA), both closing 15% limit up with no sellers in the queue. National General Cooling (TABREED) rose 12.4%, Deyaar Development (DEYAAR) 8.8%, Union Properties (UPP) 7.3%, HITS TELECOM 4.5%, Dubai Islamic Insurance (AMAN) 4.3%, and the other gainers were up less than 4% or on thin trading. There were only two losers - International Financial Advisers (IFA) down 8.15%, and Emirates NBD (ENBD) down 0.30%, both trading thin volumes.

Abu Dhabi stocks fell 0.45% to 2803 points from trading worth AED 243m with Ras Al Khaimah Cement (RAKCC) the most active stock, up 3.1% to 0.96 from AED 35m. Arkan Building Materials (ARKAN) was the best of the more active gainers, up 5.05% to 2.12, National Marine Dredging (NMDC) rose 4.4%, Methaq Islamic Insurance (METHAQ) 2.9%, Waha Capital (OILC) 2.5%, Sharjah Cement (SCIDC) 1.0%, and the other gainers were up on thin trading. Sorouh Real Estate (SOROUH) was the worst of the more active losers, down 2.2% to 1.75, Abu Dhabi Islamic Bank (ADIB) fell 1.6%, First Gulf Bank (FGB) 1.5%, and the other losers fell less than 1% or on thin trading.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 01 November 2010

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Monday, November 01, 2010