UAE market news & discussions for 18 November 2009The ADX fell 0.48% to 2950 points from turnover of AED 213m with Arkan the top gainer, rising almost 7%, and Waha Capital the most actively traded stock, up 3%. Etisalat and NBAD fell about 1% which dragged the index into the red. The DFM fell 1.4% to 2147 points from low turnover of AED 323m, with Emaar the most active stock as usual, falling 1.6%, and most other stocks in the red by 1% to 3%. On the Nasdaq Dubai at 1500 UAE time, DP World and Depa are unchanged, and Damas is up 6%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) fell 1.6% to 4.43 from AED 141m worth of trading, the only stock with turnover of more than AED 100m today. Gulf Finance House (GFH) was the worst loser, down 5.7% to 1.33, Al Madina Finance (ALMADINA) fell 4.95%, Ektitab Holding (EKTTITAB) 3.9%, Emirates Integrated Telecommunications (DU) 3.05%, and most other stocks down less than 3% or unchanged. There were only two gainers, Dubai Islamic Insurance (AMAN) up 0.84%, and Gulf Navigation (GULFNAV) up 1.4%. Abu Dhabi Securities ExchangeWaha Capital (OILC) was the most active stock in Abu Dhabi but still only traded AED 22m worth as it rose 3.0% to 1.04. Several other stocks also saw turnover of around AED 20m - Dana Gas (DANA) (unchanged), Aldar Properties (ALDAR) (-1.85%), Methaq Islamic Insurance (METHAQ) (+4.6%), Sorouh Real Estate (SOROUH) (-2.1%), and Ras Al Khaimah Cement (RAKCC) (+3.4%). The top gainer, Arkan Building Materials (ARKAN), rose 6.6% to 3.32. Agthia Group (AGTHIA) and Green Crescent Insurance (GCIC) were up about 2.5% each, and the remaining gainers rose less than 2% or on thin volumes. Al Dhafra Insurance (DHAFRA) was the worst loser, down 9.5%, but from just one trade. Sorouh was the worst of the more active traders, down 2.1%, and the remaining losers fell less than 2% or on low volumes. | |