UAE market news & discussions for 10 August 2009 The DFM rose 0.68% to 1931 points from turnover of AED 440m, and the ADX fell 0.72% to 2838 points from turnover of AED 178m. On the Nasdaq Dubai at 15:15 UAE time, DP World is down 3.3%, Damas and Depa are unchanged, and a single trade in Sorouh derivatives is up 1.55%. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR) was the most active stock in Dubai and the only one trading more than AED 100m with a 2.2% rise to 3.22 from AED 159m worth of deals. Emarat Takaful Insurance (TAKAFUL-EM) was the best gainer with a 7.0% rise to 1.83, followed by Dar Takaful Insurance (DARTAKAFUL) up 5.5% to 2.69. Emirates NBD (ENBD) was 5% limit up at 3.82, National General Cooling (TABREED) rose 2.1%, and most other stocks were up less than 2% or unchanged. Gulf General Investment (GGICO) was the worst of the more active losers, falling 4.4% to 1.75 with a large proportion of insider trades. MASHREQ was 5% limit down from one small trade, Dubai Islamic Bank (DIB) fell 1.15%, while AIRARABIA, Union Properties (UPP), Al Salam Bank (SALAM_BAH), and Arab International Logistics (ARMX) all fell less than 1%. Abu Dhabi Securities Exchange Sorouh Real Estate (SOROUH), down 0.65%, and Aldar Properties (ALDAR), down 0.23%, were the most active stocks in Abu Dhabi with about AED 30m worth each. National Bank of Abu Dhabi (NBAD) convertible notes saw heavy trading and fell 10% to 81.00. Commercial Bank International (CBI) was the best of the more active gainers, rising 7.65% from one large trade, Gulf Cement (GCEM) rose 4.55%, and the remaining gainers were up less than 1% or on low volumes. Abu Dhabi Islamic Bank (ADIB) fell 2.7%, Ras Al Khaimah Properties (RAKPROP) and Dana Gas (DANA) fell 2.5%, and most of the remaining losers fell less than 2% including First Gulf Bank (FGB) down 1.8%, and Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) both down less than 1%. | |