UAE market news & discussions for 03 September 2009The ADX was up 1.0% to 2888 points from turnover of AED 244m. The DFM rose 2.2% to 1920 points from turnover of just over half a billion dhs. On the Nasdaq Dubai at 16:30 UAE time, DP World is up 3.2%, Depa is up 1.6%, GOLD is up 2.25%, Boulder Steel is up 20%, and Damas is down 1.6%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) traded AED 212m worth of shares and rose a solid 5.4% to 3.51, the best gainer in Dubai and the only one trading more than AED 100m. Mashreq was 5% limit up from what must be one of the smallest trades ever seen in Dubai - just 3 shares worth 270 dhs. Shuaa Capital (SHUAA) rose 4.1% despite some enthusiastic insider selling, Arabtec (ARTC) and Emarat Takaful Insurance (TAKAFUL-EM) were up 3.6%, Emirates Integrated Telecommunications (DU) was up 3.25%, Arab International Logistics (ARMX) was up 3.2%, and most other stocks were up between 1% and 3%. There were only two losers, Emirates NBD (ENBD) down 0.83%, and Al Firdous Holdings (ALFIRDOUS) down 2.3% on a single trade. Abu Dhabi Securities ExchangeAldar Properties (ALDAR) was the most active stock in Abu Dhabi with AED 78m of turnover and a 3.2% rise to 4.90. Aabar Energy (AABAR) was the best of the more active gainers, up 3.6%, while the top 5 gainers saw a total of just AED 1m worth of trading between them. National Bank of Abu Dhabi (NBAD) rose 3.0% to 13.60, Ras Al Khaimah Cement (RAKCC) 2.4% to 1.29, and the remaining gainers were up less than 2%. There were only 4 losers, none of them trading more than AED 1m worth. Emirates Telecom (ETISALAT) rose just 0.10% to 10.80. | |