UAE market news & discussions for 08 November 2009The ADX rose 0.74% to 2941 points from turnover down at AED 144m. The DFM rose 1.2% to 2123 points from turnover of AED 541m. On the Nasdaq Dubai at 1430 UAE time, DP World is down 2.1%, and no other listings have traded. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) saw trading of AED 226m worth as it rose slightly by 1.45% to 4.21. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m worth (just barely) and closed unchanged at AED 2.22. Al Mazaya Holding (MAZAYA) was the top gainer with a 15% limit up close but from just one small trade. Emirates NBD (ENBD) was the best of the more active stocks today, closing 4.0% up at 4.40. Dubai Investment Company (DIC) was up 3.3%, Shuaa Capital (SHUAA) 2.7%, Arabtec (ARTC) 2.0%, and the remaining gainers rose less than 2% or on thin trading. Al Madina Finance (ALMADINA) was the worst of the more actively traded losers, falling 3.7% to 1.03, Gulf Navigation (GULFNAV) was down 1.4%, Ektitab Holding (EKTTITAB) 1.2%, and the remaining losers fell less than 1% or on low volumes. Abu Dhabi Securities ExchangeSorouh Real Estate (SOROUH) (+3.85%) and Aldar Properties (ALDAR) (+3.6%) traded about AED 35m worth each, making them the top stocks by turnover. National Corporation for Tourism & Hotels (NCTH) and Finance House (FH) were the top gainers, closing 10% limit up but from just one or two trades. Methaq Islamic Insurance (METHAQ) was the best gainer on more than AED 1m worth of deals, rising 5.7% to 3.81. Arkan Building Materials (ARKAN) was up 5.2%, Agthia Group (AGTHIA) rose 2.7%, and the other gainers were up less than 2% or on low volumes. Invest Bank (INVESTB) was the worst of the more active losers, down 2.7% on greater than usual turnover. The other six losers fell less than 1% or on low volumes. National Bank of Abu Dhabi (NBAD) was down 0.76%, and Emirates Telecom (ETISALAT) was unchanged. | |