UAE market news & discussions for 27 September 2009The ADX rose 0.16% to 3124 points from turnover of AED 346m. The DFM rose 0.55% to 2197 points from turnover of AED 1.1 billion. On the Nasdaq Dubai at 1545 UAE time, DP World is up 1.8%, and Depa is unchanged from just one trade. No other listings have traded so far today. Dubai Financial MarketEmaar Properties (EMAAR) was the most actively traded stock in Dubai, with a 0.98% fall to 4.05 from AED 183m worth of trading. Dubai Financial Market (DFM), unchanged at 2.40, traded AED 169m worth, and Dubai Investment Company (DIC), up 2.2% to 1.42, was the only other stock trading more than AED 100m (just). Islamic Arab Insurance (IAIC) was the top gainer, up 8.2% to 1.45 from decent trading levels. Emarat Takaful Insurance (TAKAFUL-EM) was another actively traded stock and took second spot on the gainers list with a 7.5% rise to 2.00. Dar Takaful Insurance (DARTAKAFUL) had a 5.5% rise making it a good day for some of the Islamic insurance companies. Ajman Islamic Bank (AJMANBANK) was up 3.5%, National General Cooling (TABREED) 3.1%, and the remaining gainers were up less than 3% or on low volumes. There were 5 losers and apart from Emaar, Arabtec (ARTC), down just 0.30%, was the only other stock falling on turnover of more than AED 1m. Abu Dhabi Securities ExchangeDana Gas (DANA), with a rise of 0.85% to 1.19, was the most active stock in Abu Dhabi with just under AED 50m worth of trading. Ras Al Khaimah Properties (RAKPROP) also traded close to AED 50m worth and rose 2.6% to 0.80. Sharjah Islamic Bank (NBS) was the best gainer on active trading, up 5.4%, while the top 3 gainers all rose on less than 50k worth of trades. Ras Al Khaimah Cement (RAKCC) was up 3.8%, Waha Capital (OILC) 3.3%, Bank of Sharjah (BOS) 2.5%, and the remaining gainers were up less than 2% or on low volumes. Gulf Pharmaceutical Industries (JULPHAR) was the worst of the losers trading more than AED 1m with a 7.1% fall to 1.80, Gulf Cement (GCEM) was down 5.9%, Union National Bank (UNB) 1.8%, Abu Dhabi National Energy (TAQA) 1.2%, First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) fell less than 1%, and the other 4 losers fell on turnover of less than AED 1m. Emirates Telecom (ETISALAT) was unchanged at 12.05. |
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