UAE market news & discussions for 22 June 2009The DFM rose 0.52% to 1953 points from turnover of just under AED 600m, the ADX fell 0.22% to 2745 points from turnover of AED 345m. On Nasdaq Dubai at 15:30 UAE time, DP World is down 0.5%, Depa down 3.2%, and there have been derivative trades in RAK Properties (unchanged), Arabtec (unchanged), and ADCB (+4.3%). Dubai Financial MarketEmaar Properties (EMAAR) (+2.0% to 3.51 from AED 138m) was the only stock trading more than AED 100m worth today. Top gainer was Islamic Arab Insurance (IAIC) (+5.1% to 1.23 from AED 19m), followed by Dar Takaful Insurance (DARTAKAFUL) up 4.7%, Deyaar Development (DEYAAR) up 3.7%, and Union Properties (UPP) up 3.0%. Most other actively traded stocks were up by less than 3% or unchanged. There were 5 losers and only Arab International Logistics (ARMX) (-2.5% to 1.16 from AED 4.2m) saw more than AED 1m of turnover. Emirates NBD (ENBD) was 5% limit down on low volumes. Abu Dhabi Securities ExchangeRas Al Khaimah Properties (RAKPROP) (unchanged at 0.82 from AED 88m) was the most active stock by traded value in Abu Dhabi. Waha Capital (OILC) was top gainer with a 6.0% rise to 0.88. Other gainers included Methaq Islamic Insurance (METHAQ) up 3.1%, Abu Dhabi Commercial Bank (ADCB) up 2.8%, and the remainder up less than 2% or on low volumes. Sharjah Islamic Bank (NBS) was the worst loser on active trading, falling 2.9% to 1.05, Aabar Energy (AABAR) fell 2.3% and the remaining losers were down less than 2% or on low volumes. National Bank of Abu Dhabi (NBAD) rose 1.5% and Emirates Telecom (ETISALAT) fell 1.4%. | |