UAE market news & discussions for 01 December 2010UAE stocks rose ahead of the UAE National Day and Al Hijri New Year break. On the Nasdaq Dubai, DP World fell 0.17%, DGS fell 0.82%, Depa fell 0.14%, and Damas traded unchanged. Stockmarkets are closed from Thursday 02 December 2010 until Sunday 05 December 2010, and will reopen for trading on Monday 06 December 2010. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose 1.14% to 1688 points from AED 122m with Emaar Properties (EMAAR) the most active stock, up 1.4% to 3.67 from AED 37m. Dubai Financial Market (DFM) and Union Properties (UPP) were the best of the more active gainers, up 2.6%, Dubai Islamic Bank (DIB) rose 2.3%, Arabtec (ARTC) and Gulf Navigation (GULFNAV) 2.2%, and the remaining gainers were up less than 2% or on thin trading. There were 3 losers - Al Salam Bank Sudan (ALSALAMSUDAN) down 4.6%, Ektitab Holding (EKTTITAB) down 3.1%, and Al Madina Finance (ALMADINA) down 2.9%. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.58% to 2746 points from trading worth AED 134m with Aldar Properties (ALDAR) the most active stock, up 1.8% to 2.25 from AED 34m. Except for one small 10% limit up trade for National Bank of Umm Al Quwain (NBQ), Abu Dhabi Islamic Bank (ADIB) was the top gainer, up 4.2% to 3.00. Green Crescent Insurance (GCIC) rose 3.75%, Invest Bank (INVESTB) was up 3.0% on low volumes, Methaq Islamic Insurance (METHAQ) rose 3.0%, and the other gainers were up less than 3%. There were 6 losers with only 2 trading more than AED 1m worth - Qatar Telecom (QTEL) down 3.7%, and National Bank of Abu Dhabi (NBAD) down 0.41%. | |