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Wednesday, November 03, 2010

UAE markets 03 Nov 2010

UAE market news & discussions for 03 November 2010

UAE stocks mostly fell although HITS Telecom stood out with a moderate gain on unusually high turnover. On the Nasdaq Dubai, DP World rose 0.51%, Depa rose 1.4%, and Damas was unchanged.

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  • Dubai Financial Market

    Dubai stocks fell 0.41% to 1735 points from trading worth AED 178m with Emaar Properties (EMAAR) the most active stock, down 0.53% to 3.73 from AED 33.0m. HITS Telecom traded almost as much, up 2.5% to 1.21 from AED 32.8m. The worst losers were Emarat Takaful Insurance (TAKAFUL-EM) and Gulf General Investment (GGICO), both 5% limit down with no buyers in the queue. Ektitab Holding (EKTTITAB) fell 2.7%, Union Properties (UPP) 2.3%, and the other losers were down less than 2%. Dar Takaful Insurance (DARTAKAFUL) was the best of the more active gainers, up 2.75% to 1.12, and the other gainers were up less than 1% or on thin trading.

    Abu Dhabi Securities Exchange

    Abu Dhabi stocks fell marginally by 0.07% to 2762 points from trading worth AED 208m with Aldar Properties (ALDAR) the most active stock, down 1.2% to 2.37 from AED 59m. Four stocks closed 10% limit down with no buyers in the queue - Fujairah Building Industries (FBICO) from limited turnover, Green Crescent Insurance (GCIC), Methaq Islamic Insurance (METHAQ), and Arkan Building Materials (ARKAN). Ras Al Khaimah Cement (RAKCC) fell 2.2%, Ras Al Khaimah Properties (RAKPROP) 2.0%, and the other 5 losers fell less than 2%. Only 2 gainers saw trading worth more than AED 1m - Sorouh Real Estate (SOROUH) up 0.59%, and National Bank of Abu Dhabi (NBAD) up 0.42%. Emirates Telecom (ETISALAT) closed unchanged at 11.00.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 03 November 2010

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

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    best stock rises
    symbol price change
    ADSB 3.86 +0.35 +10%
    QTEL 187.00 +15.00 +8.7%
    TKFL 4.05 +0.29 +7.7%
    FOODCO 3.18 +0.21 +7.1%
    ALSALAMSUDAN 1.89 +0.11 +6.2%
    worst stock falls
    symbol price change
    FBICO 4.15 -0.46 -10%
    GCIC 0.84 -0.08 -8.7%
    METHAQ 2.34 -0.18 -7.1%
    ARKAN 1.89 -0.13 -6.4%
    TAKAFUL-EM 0.81 -0.04 -4.7%
    top volume
    symbol value (AED) price
    ALDAR59,438,5242.37
    SOROUH34,268,1371.70
    EMAAR32,987,3243.73
    HITSTELEC32,849,1911.21
    ALMADINA22,685,3180.78

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