UAE market news & discussions for 19 November 2009The ADX fell 0.85% to 2925 points from turnover of AED 204m with Aldar the most actively traded stock, leading the way down with a 5% fall to 5.46. The DFM had a similar performance with a 0.81% drop to 2130 points from turnover of AED 465m with Emaar the most active stock as always, falling 2.3%, and Du Telecom the worst of the more active losers with a 4% fall. Dubai Islamic Bank stood out as one of the few gainers, up 2.6%. On the Nasdaq Dubai at 1500 UAE time, DP World and Depa are unchanged, Damas is down 1.9%, and DGS is down 0.57%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) fell 2.3% to 4.33 from AED 265m of trading, the only stock with more than AED 100m of traded value. Gulf General Investment (GGICO) was 5% limit down, Emirates Integrated Telecommunications (DU) fell 4%, Dubai Financial Market (DFM) 3.1%, and most other stocks fell between 1% and 3%. Deyaar Development (DEYAAR) and Arab International Logistics (ARMX) closed unchanged, and there were 4 gainers including Dubai Islamic Bank (DIB) the best of them, rising 2.55% to 2.82, and Emirates NBD (ENBD) the only other gainer on more than AED 1m of trading, up 1.5% to 4.62. Abu Dhabi Securities ExchangeAldar Properties (ALDAR) fell 5.0% to 5.46 from trading of AED 61m, Arkan Building Materials (ARKAN) fell 4.7%, Sorouh Real Estate (SOROUH) was down 3.95%, Methaq Islamic Insurance (METHAQ) 3.5%, Abu Dhabi Commercial Bank (ADCB) 3.1%, and the worst loser was Commercial Bank International (CBI) closing 10% limit down but from just one small trade. Most other stocks fell between 1% and 3%, or on low volumes. There were only 5 gainers but only National Bank of Abu Dhabi (NBAD), up 1.9%, saw volumes of more than AED 1m. Abu Dhabi National Insurance (ADNIC) was the best gainer, closing 10% limit up but from just one insignificant trade. Emirates Telecom (ETISALAT) closed unchanged at 11.40. | |