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Monday, November 08, 2010

UAE markets 08 Nov 2010

UAE market news & discussions for 08 November 2010

UAE stocks fell with another sharp fall for Arabtec, and some of the Kuwait secondary listings in Dubai. On the Nasdaq Dubai, DP World fell 1.5%.

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

    Dubai stocks fell 1.65% to 1693 points from trading worth AED 246m with Arabtec (ARTC) again the most actively traded stock, down 6.9% to 1.90 from AED 59m worth of trading. Worst losers were Ektitab Holding (EKTTITAB) and HITS Telecom, both 10% limit down. Al Madina Finance (ALMADINA) fell 9.6%, Dubai Financial Market (DFM) 6.7%, and the other losers fell less than 3% or on low volumes. Emaar Properties (EMAAR) fell 2.4% to 3.65. There were only two gainers - Dubai Refreshments (DRC) up 0.53% from one small trade, and Emirates Integrated Telecommunications (DU) up 0.33%. Emirates NBD (ENBD) was unchanged at 3.26.

    Abu Dhabi Securities Exchange

    Abu Dhabi stocks fell 0.70% to 2751 points from trading worth AED 191m with, unusually, Methaq Islamic Insurance (METHAQ) the most actively traded stock, up 2.89% to 2.70 from AED 48m, also making it the best gainer apart from one small limit up trade for International Fish Farming (ASMAK). There were only 2 other gainers, Ras Al Khaimah White Cement (RAKWCT) up 1.6% from one small trade, and Ras Al Khaimah Cement (RAKCC) up 1.0%. Aldar Properties (ALDAR) was the worst of the more active losers, down 3.9% to 2.21, Sorouh Real Estate (SOROUH) fell 3.6%, Gulf Cement (GCEM) 3.1%, and the other losers were down less than 3% or on thin trading. Emirates Telecom (ETISALAT) was unchanged, and National Bank of Abu Dhabi (NBAD) fell 1.2%.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 08 November 2010

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

      Latest posts and topics (click timestamp for last post) Last Post By Last Post Date
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    masterstrokes Thu 04 Nov 2010 10:38
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    Krazy Guy Tue 02 Nov 2010 20:14
    Fed meeting 02-03 November 2010
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    Sorouh 2010Q3 results
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    sam111sam Mon 01 Nov 2010 12:07
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    sam111sam Sat 30 Oct 2010 16:45
    best stock rises
    symbol price change
    ASMAK 8.91 +0.81 +10%
    METHAQ 2.70 +0.08 +3.1%
    RAKWCT 1.25 +0.02 +1.6%
    RAKCC 0.99 +0.01 +1%
    DRC 5.70 +0.03 +0.5%
    worst stock falls
    symbol price change
    EKTTITAB 0.47 -0.05 -9.6%
    HITSTELEC 1.10 -0.12 -9.8%
    UCC 1.39 -0.15 -9.7%
    ALMADINA 0.68 -0.07 -9.3%
    ARTC 1.90 -0.14 -6.9%
    top volume
    symbol value (AED) price
    ARTC58,786,0971.90
    EMAAR58,102,5673.65
    METHAQ47,601,6252.70
    ALDAR36,776,7802.21
    DU36,725,8733.03

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