UAE market news & discussions for 05 August 2009 The DFM rose 1.3%, with the help of Emaar, to 1903 points but turnover fell to AED 407m. The ADX was in the red by 0.77% to 2841 points from turnover of AED 283m. On the Nasdaq Dubai at 14:15 UAE time, DP World is up 1.8%, Boulder Steel is down 19.3%, and Air Arabia derivatives are down 1.6% from one trade. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR) was the most active stock in Dubai, as usual, with just over AED 100m worth of deals (and the only stock trading more than a century), and rose 3.7% to 3.06 - closing at the high for the day, and almost the best gainer in Dubai. Deyaar Development (DEYAAR) was slightly better with a 3.95% rise to 0.79, Arabtec (ARTC) and Union Properties (UPP) rose 2.8%, and most other stocks rose less than 2% or were unchanged. There were only 4 losers, none trading more than AED 1m worth. Abu Dhabi Securities Exchange Ras Al Khaimah Properties (RAKPROP) was the most active stock in Abu Dhabi with just under AED 100m worth of deals, and a 1.3% rise to 0.80, almost the best rise of the day amongst the more active stocks. Green Crescent Insurance (GCIC) took that spot with a 3.2% rise. No other stocks rose more than 1% on turnover of more than AED 1m. DANA Gas, Waha Capital (OILC), and Emirates Telecom (ETISALAT) all closed unchanged. Abu Dhabi National Energy (TAQA) was the worst of the more active losers with a 4% fall to 1.72, Aabar Energy (AABAR) fell 3.05%, Sorouh Real Estate (SOROUH) 2.9%, Aldar Properties (ALDAR) 2.4%, Ras Al Khaimah Cement (RAKCC) 2.2%, First Gulf Bank (FGB) 2.05%, Abu Dhabi Commercial Bank (ADCB) 2.0%, and the remainder fell less than 2% or on low volumes. National Bank of Abu Dhabi (NBAD) fell 1.1%. | |