UAE market news & discussions for 05 November 2009The ADX fell 1.0% to 2920 points from turnover of AED 201m. The DFM fell 1.9% to 2098 points from turnover of AED 483m, ending one of the more volatile weeks on the UAE markets. On the Nasdaq Dubai at 1515 UAE time, DP World is up 2.8%, Depa is unchanged, Damas is down 8.6%, and Boulder Steel (BGD) was reported to have delisted from this morning. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketAs always, Emaar Properties (EMAAR) was the most active stock in Dubai but volumes were down a bit to AED 195m as shares fell 3.5% to 4.15. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m (marginally), and fell 0.45% to 2.22. Al Madina Finance (ALMADINA) was the worst loser on turnover of more than AED 1m, falling 6.1% to 1.07. Arabtec (ARTC) fell 3.8%, Islamic Arab Insurance (IAIC) 3.6%, Ektitab Holding (EKTTITAB) 3.5%, and the remaining losers were down less than 3% or on low volumes. There were 5 gainers, none trading more than AED 1m worth. Al Firdous Holdings (ALFIRDOUS) and National Cement Company (NCC) closed 5% limit up, and Kuwait Finance and Investment (KFIC) was 15% limit up from a single trade. Abu Dhabi Securities ExchangeSorouh Real Estate (SOROUH) was the most active stock in Abu Dhabi today with AED 59m worth of deals as it fell 4.9% to 3.15, and was also the worst of the more active losers. The other Abu Dhabi property heavyweight, Aldar Properties (ALDAR), fell just 1.5% from AED 43m worth of deals. Methaq Islamic Insurance (METHAQ) fell 3.9%, Abu Dhabi National Energy (TAQA) was down 3.6%, and the remaining losers fell less than 3% or on thin volumes. There were only 4 gainers, none trading more than AED 1m. Three rose about 1%, and Abu Dhabi National Hotels (ADNH) was up 4.4%. Emirates Telecom (ETISALAT) was unchanged at 11.50, and National Bank of Abu Dhabi (NBAD) fell 0.38% to 13.20. | |