UAE market news & discussions for 24 November 2009The Abu Dhabi stock market fell 0.47% to 2894 points from low turnover of AED 151m. The DFM fell 1.9% to 2071 points on moderate turnover of AED 344m. On the Nasdaq Dubai at 1500 UAE time, DP World is up 1.1%, Depa is down 1.4%, and there has been a trade (first one in a while) in Nasdaq shares, down 1.3%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) was the most active stock and the only one trading more than AED 100m worth, as it fell 2.8% to 4.13 from AED 182m of traded value. Shuaa Capital (SHUAA) was the the worst loser with a fall of 5.6%, but from low volumes. Dubai Financial Market (DFM) was the worst of the more actively traded stocks, down 3.6% to 2.13. National General Cooling (TABREED) fell 3.45%, Emirates Integrated Telecommunications (DU) 3.4%, Dubai Investment Company (DIC) 3.3%, and most other losers fell between 1% and 3%. Al Madina Finance (ALMADINA) was the best gainer on trading of more than AED 1m, rising 2.2% to 0.94. Ektitab Holding (EKTTITAB) rose 1.4%, Air Arabia (AIRARABIA) 1.0%, Arab International Logistics (ARMX) 0.58%, and the other 3 gainers were up on low volumes. Abu Dhabi Securities ExchangeAldar Properties (ALDAR) was the most active stock in Abu Dhabi but still only managed AED 43m worth of deals as if fell 0.55% to 5.46. Aabar Energy (AABAR) was the worst loser on trading of more than AED 1m, falling 4.6% to 2.25. Ras Al Khaimah Cement (RAKCC) fell 4.3%, Arkan Building Materials (ARKAN) 2.5%, and the remaining losers were down less than 2% or on low volumes. Abu Dhabi Commercial Bank (ADCB) was the best of the more actively traded gainers, rising 1.8% to 2.20. The other seven gainers were up less than 1% or on volumes of less than AED 1m worth. Emirates Telecom (ETISALAT) fell 0.88%, and National Bank of Abu Dhabi (NBAD) rose 0.37%. | |