UAE market news & discussions for 21 December 2009The Abu Dhabi market fell 0.77% to 2728 points from turnover of AED 131m. The DFM fell 0.25% to 1828 points from turnover of AED 349m. On the Nasdaq Dubai at 1430 UAE time, DP World is down 1.7%, and Damas and Depa are unchanged. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) was the most active stock in Dubai and the only one trading more than AED 100m, rising 2.1% to 3.90 from AED 175m worth of deals. Dubai Financial Market (DFM) was the top gainer, rising 2.2% to 1.86, Gulf Navigation (GULFNAV) was up 1.7%, National General Cooling (TABREED) 1.2%, and another 4 stocks rose less than 1%. Five stocks were unchanged, including Air Arabia (AIRARABIA), Union Properties (UPP), and Dubai Investment Company (DIC). Emirates NBD (ENBD) was the worst loser, 5% limit down at 3.19, Gulf Finance House (GFH) fell 1.7%, Deyaar Development (DEYAAR) 1.6%, and most other losers fell between 1% and 1.5%. Abu Dhabi Securities ExchangeAldar Properties (ALDAR) was the most active stock in Abu Dhabi but still only saw AED 36m worth of deals as it fell 2.6% to 5.24. Gulf Medical Projects (GMPC) was the top gainer of the more active stocks, rising 4.7% to 2.47, First Gulf Bank (FGB) was up 1.25%, and the remaining gainers were up less than 1% or on low volumes. Abu Dhabi Commercial Bank (ADCB) was the worst of the more actively traded losers, down 4.7% to 1.62, Sorouh Real Estate (SOROUH) fell 4.3%, Union National Bank (UNB) was down 3.35%, and the remaining losers fell less than 3% or on low volumes. Emirates Telecom (ETISALAT) fell 0.46%, and National Bank of Abu Dhabi (NBAD) rose 0.39%. | |