UAE market news & discussions for 27 October 2009The ADX fell 0.71% to 3145 points from AED 239m of turnover. The DFM fell 0.80% to 2319 points from turnover of just over AED 1 billion. On the Nasdaq Dubai at 1415 UAE time, DP World is down 1.1%, Depa is down 3.9%, and Dubai Gold Securities are down 0.62% from just one trade. NBAD released Q3 results after trading showing a solid increase in profit. ADCB Q3 results were released during trading but shares were not suspended, with Net Profit plummeting 90%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) was the most active stock in Dubai with AED 480m worth of trading and a 0.82% fall to 4.84. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m worth, falling 1.1% to 2.62 from AED 226m worth of deals. Al Madina Finance (ALMADINA) was the worst loser, closing 10% limit down with no sellers in the queue from a relatively substantial AED 25m worth of trading. Kuwait Finance and Investment (KFIC) and Arab Insurance Group (ARIG) were also 10% limit down but from low volumes. Gulf Finance House (GFH) fell 5.3%, also trading significantly higher volumes than usual, Ektitab Holding (EKTTITAB) was down 4.1%, Air Arabia (AIRARABIA) fell 3.4%, Emarat Takaful Insurance (TAKAFUL-EM) and Arab International Logistics (ARMX) were down 2.8%, Arabtec (ARTC) 2.5%, Deyaar Development (DEYAAR) 2.35%, Dubai Islamic Insurance (AMAN) 2.1%, and the remaining losers were down less than 2% or on low volumes. There were 6 gainers: Gulfa Mineral Water (GULFA) 5% limit up from just 2 trades, Emirates Integrated Telecommunications (DU) up 3.5%, Shuaa Capital (SHUAA) 1.5%, and another 3 stocks up less than 1%, including Emirates NBD (ENBD). Abu Dhabi Securities ExchangeAldar Properties (ALDAR) was the most active stock in Abu Dhabi with AED 95m worth of trading, and rose slightly, by 0.16% (just one fil) to 6.31. Abu Dhabi Commercial Bank (ADCB) was the worst of the more active losers, tumbling by 8.3% to 2.12. Union National Bank (UNB) fell 2.3%, Arkan Building Materials (ARKAN) 2.2%, Waha Capital (OILC) 2.0%, and the remaining losers were down less than 2% or on low trading volumes. First Gulf Bank (FGB) was the best of the more active gainers, up by 1.8%. Agthia Group (AGTHIA) rose 0.50%, and the remaining gainers were up on traded value of less than AED 1m each. Emirates Telecom (ETISALAT) fell 0.41% and National Bank of Abu Dhabi (NBAD) saw no trading today. | |