UAE market news & discussions for 20 December 2009The ADX fell 0.91% to 2749 points from turnover of AED 125m. The DFM fell 2.55% to 1831 points from turnover of AED 466m. On the Nasdaq Dubai at 1430 UAE time, DP World is down 0.24%, and Damas is unchanged. 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, falling 3.3% to 3.82 from AED 230m of traded value. Dubai Financial Market (DFM) was the worst of the more active losers, down 4.7% to 1.82. Commercial Bank of Dubai (CBD) was 5% limit down but from low volumes. National General Cooling (TABREED) fell 3.45%, Gulf Navigation (GULFNAV) 3.3%, Emirates NBD (ENBD) 3.2% from low volumes, Islamic Arab Insurance (IAIC) 3.1%, and most other stocks were down less than 3% or on thin trading. There were only 3 gainers: Al Madina Finance (ALMADINA) up 4.8% from greater than usual activity, Shuaa Capital (SHUAA) 3.85% from just 4 trades, and Ektitab Holding (EKTTITAB) up 1.4%, also with greater than usual turnover. Abu Dhabi Securities ExchangeAldar Properties (ALDAR) was the most active stock in Abu Dhabi but that was from just AED 31m worth of deals as it rose slightly by 0.75% to 5.25. Invest Bank (INVESTB) was the top gainer, closing 10% limit up but from just one trade. Union National Bank (UNB) was the best of the more active stocks, up 6.7% to 3.50, Abu Dhabi National Hotels (ADNH) rose 4.2% from just one small trade, Aabar Energy (AABAR) rose 3.2%, and Abu Dhabi Islamic Bank (ADIB) was up 0.70%. Fujairah National Bank (NBF) was the worst loser, closing 10% limit down at 5.55, Al Ain Ahlia Insurance (AAAIC) fell 7.7% on greater than usual trading, Abu Dhabi Commercial Bank (ADCB) dropped 4.55%, and the remaining losers fell less than 3% or on low volumes. National Bank of Abu Dhabi (NBAD) was down 2.65%, and Emirates Telecom (ETISALAT) fell just 0.91%. | |