UAE market news & discussions for 19 August 2009The ADX fell 0.61% to 2787 points from AED 207m worth of trading and the DFM index fell 1.45% to 1789 points from AED 420m of turnover. On the Nasdaq Dubai at 1430 UAE time, DP World is down 0.57%, and there have been a few trades in Union Properties derivatives - in the red. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) fell 3.6% to 2.94 from AED 128m worth of deals, the most active stock and the only one trading more than AED 100m worth. Dubai Refreshments (DRC) and Gulf Finance House (GFH) were 10% and 5% limit down respectively but on just 3 trades between them. Union Properties (UPP) was the worst of the more active losers, falling 4.4% to 0.86, Arabtec (ARTC) was down 3.7%, National General Cooling (TABREED) 3.3%, Emarat Takaful Insurance (TAKAFUL-EM) 3.1%, and most remaining stocks fell less than 3%. Arab International Logistics (ARMX) was the only gainer on active volumes, up 0.64% to 1.58. Al Salam Bank Sudan (ALSALAMSUDAN) and National Cement Company (NCC) were the only other gainers in Dubai. Abu Dhabi Securities ExchangeSorouh Real Estate (SOROUH) (-1.8%), Aabar Energy (AABAR) (-1.55%), and Aldar Properties (ALDAR) (-0.97%) were the most active stocks in Abu Dhabi today, each trading between AED 30 and 40 million worth. Union National Bank (UNB) was the worst loser on more than AED 1m worth of trading (just), falling 5% to 3.40. Waha Capital (OILC) fell 2.4% and the remaining losers were down by less than 2% or on low volumes. Abu Dhabi Islamic Bank (ADIB) was the best of the more active gainers, rising just 1.4%. Agthia Group (AGTHIA) was up 1.2%, Methaq Islamic Insurance (METHAQ) and First Gulf Bank (FGB) rose 0.6%, and the other 4 gainers rose on low turnover. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) both fell less than 0.5%. | |