UAE market news & discussions for 10 August 2009The 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%. Dubai Financial MarketEmaar 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 ExchangeSorouh 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%. |
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