UAE market news & discussions for 07 November 2010Stocks rose in Abu Dhabi but fell in Dubai with sharp falls for Arabtec and Deyaar. On the Nasdaq Dubai, DP World fell 0.82%, Depa was unchanged, and DGS fell 0.57%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.92% to 1722 points from trading worth AED 262m with Arabtec (ARTC) the most active stock, down 5.1% to 2.04 from AED 78m. Emaar Properties (EMAAR) was in second spot on turnover, unchanged at 3.74 from AED 66m. Deyaar Development (DEYAAR) was the worst loser, down 7.8% to 0.31, Al Salam Bank Sudan (ALSALAMSUDAN) fell 5.35% on thin trading, Dubai Islamic Bank (DIB) fell 3.8%, Dubai Financial Market (DFM) 3.5%, Emarat Takaful Insurance (TAKAFUL-EM) 3.4%, and the other losers were down less than 3%. Al Madina Finance (ALMADINA) was the best of the more active gainers, up 2.3% to 0.75, and the other gainers were up less than 1% or on thin trading. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.72% to 2770 points from trading worth AED 197m with Aldar Properties (ALDAR) the most active stock, up 0.43% to 2.26 from AED 34m. Foodco Holding (FOODCO) stood out with a single trade of 10m shares, down 0.63% to 3.12, and there was also a large single trade of 3m shares for Finance House (FH), up 0.22% to 4.60. Four stocks closed 10% limit up - Al Wathba National Insurance (AWNIC) from one small trade, Methaq Islamic Insurance (METHAQ), Arkan Building Materials (ARKAN), and Green Crescent Insurance (GCIC). Ras Al Khaimah Cement (RAKCC) rose 6.6%, First Gulf Bank (FGB) 3.85%, Sharjah Islamic Bank (NBS) 3.3%, Ras Al Khaimah Properties (RAKPROP) and National Bank of Abu Dhabi (NBAD) 2.1%, and the other gainers were up less than 2%. Agthia Group (AGTHIA) was the worst of the more active losers, down 2.3%, Sorouh Real Estate (SOROUH) fell 1.2%, and the other losers were down less than 1% or on thin trading. | |