UAE market news & discussions for 17 November 2009The ADX barely moved yet again, down 0.10% to 2964 points from low turnover of AED 146m with Sorouh and Aldar the most active stocks, falling about 1% from AED 30m worth of deals each, and nothing of particular note in the gainers or losers list, with the two heavyweights NBAD and Etisalat unchanged. The DFM was down 0.91% to 2179 points from turnover of AED 567m, with Emaar deals worth over AED 300m as it fell 1.1% to 4.50, and apart from a 1% rise in Emirates NBD keeping the DFM index from looking even worse, most other stocks fell between 1% and 4%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) traded AED 317m, the most active stock in Dubai and the only one over AED 100m worth. Dar Takaful Insurance (DARTAKAFUL) was the worst loser on more than AED 1m worth of trading, down 4.1% to 2.11, Al Madina Finance (ALMADINA) fell 3.8, Gulf Finance House (GFH) 3.4%, and almost all other stocks were down less than 3%. There were only 3 gainers, the rarely traded Aerated Concrete Industries (ACICO) up 13.8% from one trade, Emirates NBD (ENBD) up 1.1% to 4.65, and Al Salam Bank Sudan (ALSALAMSUDAN) up 0.8%. Ektitab Holding (EKTTITAB) and Shuaa Capital (SHUAA) were unchanged. Abu Dhabi Securities ExchangeAldar Properties (ALDAR) and Sorouh Real Estate (SOROUH) traded about AED 30m worth each, falling 1.2% and 0.8% respectively. International Fish Farming (ASMAK), National Corporation for Tourism & Hotels (NCTH), and Ras Al Khaimah Poultry (RAPCO) all closed 10% limit up, each from a single trade. Aabar Energy (AABAR) was the best of the more active gainers, up just 1.2% to 2.55. Waha Capital (OILC) rose 1.0%, and the remaining gainers were up less than 1% or on thin trading. National Bank of Abu Dhabi (NBAD), Emirates Telecom (ETISALAT), and Dana Gas (DANA) were amongst the 7 stocks unchanged. Green Crescent Insurance (GCIC), down 2.5%, was the worst of the more active losers, Sharjah Islamic Bank (NBS) fell 1.9%, Abu Dhabi Islamic Bank (ADIB) 1.6%, and the other losers were down less than 1.5% or on thin trading. | |