UAE market news & discussions for 27 August 2009The ADX was unchanged at 2856 points from AED 318m of turnover. The DFM rose 0.75% to 1887 points from AED 601m worth of deals. On the Nasdaq Dubai at 1515 UAE time, DP World is down 3.1%, Depa is unchanged, and and there has been a trade in Emaar derivatives, up 1.7%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) was the most active stock with AED 243m worth of trading and a 2.5% rise to 3.32. Arabtec (ARTC) also saw more than AED 100m worth of deals with share price closing unchanged at 2.92. Deyaar Development (DEYAAR) was the best gainer of the more active stocks, rising 2.8% to 0.74. Other gainers included Gulf General Investment (GGICO) up 2.35%, Emirates NBD (ENBD) up 2.2%, Air Arabia (AIRARABIA) up 2.0%, and the remainder up less than 2% except for Ektitab Holding (EKTTITAB) and Global Investment House (GLOBAL) which rose more but on low volumes. Union Properties (UPP) was the worst of the more active losers, down 2.15% to 0.91, Emarat Takaful Insurance (TAKAFUL-EM) fell 1.2%, Drake & Scull (DSI) 1.1%, and the remainder were down less than 1% or on low volumes. Mashreq Bank (MASQ) was 5% limit down from a small trade of just 80 shares, but all the same, still enough to hold back the index despite the gain on heavy trading in Emaar. Abu Dhabi Securities ExchangeSorouh Real Estate (SOROUH) was the most active stock in Abu Dhabi with AED 69m worth of trading and a 0.97% rise to 3.15. Bank of Sharjah (BOS) was the best gainer on more than AED 1m worth of deals, rising 3.75% to 1.65. Al Khazna Insurance (AKIC) and Abu Dhabi Aviation (ADAVIATION) both closed 10% limit up but on few trades. Other gainers included Green Crescent Insurance (GCIC) up 1.5%, Ras Al Khaimah Properties (RAKPROP) up 1.4%, Waha Capital (OILC) and Union National Bank (UNB) up 1.2%, AGHTIA up 1.0%, and the remaining gainers up less than 1% or on thin trading. Arkan Building Materials (ARKAN) was the worst of the more actively traded losers, falling 4.1% to 3.42. The other 8 losers fell on low volumes or less than 1%, including Emirates Telecom (ETISALAT) which was down 0.48% to 10.45. | |