UAE market news & discussions for 09 November 2009The ADX rose just 0.24% to 2949 points from a relatively low AED 177m worth of trading. The DFM was up 1.4% to 2154 points from AED 472m worth of turnover. On the Nasdaq Dubai at 1430 UAE time, DP World is up 0.87%, Depa is unchanged, Damas is down 3.5%, and DGS are up 2.4%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) was the only stock trading more than AED100m worth, rising 2.85% to 4.33 from AED 227m worth of deals. Union Properties (UPP) was the top gainer of the more active stocks, rising 4.2% to 1.00. Al Madina Finance (ALMADINA) rose 3.9%, Arabtec (ARTC) 2.9%, Islamic Arab Insurance (IAIC) 2.8%, Dubai Financial Market (DFM) 2.7%, National General Cooling (TABREED) 2.15%, and the remaining gainers were up less than 2% or on thin trading. There were 6 losers, EKTITTAB down 1.2% and Shuaa Capital (SHUAA) down 1.1% the only ones falling more than 1% on turnover of more than AED 1m. Abu Dhabi Securities ExchangeAldar Properties (ALDAR), up 0.36%, and Sorouh Real Estate (SOROUH), down 0.62%, were the most active stocks in Abu Dhabi, both trading about AED 50m worth. First Gulf Bank (FGB) was the best of the more active stocks, rising 2.7% to 18.95. Abu Dhabi National Energy (TAQA) was up 1.5%, and the remaining gainers rose less than 1% or on turnover of less than AED 1m. The newly listed GLS fell 22.6% to 4.00 in its first trades since listing, but only 3 of them. Methaq Islamic Insurance (METHAQ) was the worst loser on turnover of more than AED 1m, down 3.3% to 3.76, Abu Dhabi Islamic Bank (ADIB) fell 1.6%, Abu Dhabi Commercial Bank (ADCB) 1.4%, Agthia Group (AGTHIA) 1.05%, and the remaining losers were down less than 1% or on thin trading. Emirates Telecom (ETISALAT) was unchanged at 11.55, and National Bank of Abu Dhabi (NBAD) rose 0.76% to 13.20. | |