UAE market news & discussions for 11 November 2009The ADX was almost unchanged, down just 0.03%, or 1 point, to 2967 points from turnover of AED 379m. The DFM rose 1.65% to 2205 points from turnover of AED 731m. On the Nasdaq Dubai at 1600 UAE time, DP World is up 3.1%, Depa is unchanged, Damas is down 2.9%, and DGS is up 0.18%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) was the most active stock in Dubai with AED 410m worth of deals, and shares rising 3.2% to 4.57, almost the top gainer. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m, rising 2.15% to 2.38 from turnover of AED 127m. Shuaa Capital (SHUAA) was the top gainer with a 3.7% rise to 1.97 but from just 1.4m worth of shares traded. Emirates Integrated Telecommunications (DU) rose 3.0%, Arab International Logistics (ARMX) was up 2.35%, and most other stocks were up less than 2% or unchanged. There were 4 losers, including Gulf Finance House (GFH) down 5.1%, and Al Madina Finance (ALMADINA) down 2.7%. The other two traded on low volumes. Abu Dhabi Securities Exchange Aldar Properties (ALDAR), up 3.15% to 6.00, and Sorouh Real Estate (SOROUH), up 1.5% to 3.42, were the most active stocks in Abu Dhabi, and the only ones trading more than AED 100m. Abu Dhabi Commercial Bank (ADCB) was the best of the more active gainers, rising 3.2% to 2.26, Waha Capital (OILC) was also up 3.2%, Green Crescent Insurance (GCIC) rose 2.5%, Agthia Group (AGTHIA) 1.6%, and the remaining gainers were up less than 1% or on low volumes. National Bank of Umm Al Quwain (NBQ) stood out in the losers list with much greater than usual turnover, although from only 3 trades, falling 4.3% to 3.40 from AED 31m worth. Oman and Emirates Investment Holding (OEIHC) and Ras Al Khaimah Poultry (RAPCO) closed 10% limit down but from just a couple of small trades, Abu Dhabi National Energy (TAQA) fell 2.1%, National Bank of Abu Dhabi (NBAD) 1.1%, and the other losers were down less than 1% or on low volumes. Emirates Telecom (ETISALAT) closed unchanged at 11.55.
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