UAE market news & discussions for 22 December 2009The ADX rose 0.61% from AED 97m worth of deals. The DFM fell 1.4% from AED 522m worth of trading. On the Nasdaq Dubai at 1445 UAE time, DP World and Damas have traded, both unchanged from yesterday. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) was the most active stock in Dubai, falling 2.05% to 3.82 from AED 240m worth of turnover. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m worth, rising 1.1% from AED 139m worth of deals, and one of the only two gainers in Dubai. The other gainer was Al Madina Finance (ALMADINA), up 6.4% to 1.17 from greater than usual volumes. Several stocks closed unchanged including Arabtec (ARTC), Drake & Scull (DSI), Dubai Investment Company (DIC), and Gulf Navigation (GULFNAV). Emirates NBD (ENBD) was the worst of the more active losers, 5% limit down to 3.04. Islamic Arab Insurance (IAIC) fell 3.3%, Union Properties (UPP) 2.8%, and the remainder were down by less than 2% or on low volumes. Abu Dhabi Securities ExchangeSorouh Real Estate (SOROUH) was the most active stock in Abu Dhabi but still trading relatively low volumes, unchanged at 2.62 from AED 26m worth. Abu Dhabi Commercial Bank (ADCB) was the best of the more active gainers, rising 3.1% to 1.61, International Fish Farming (ASMAK) was the top gainer, 10% limit up but from just one small trade, Aabar Energy (AABAR) was up 2.7%, and most other stocks were up less than 2% or on turnover of less than AED 1m. There were only four losers, Gulf Pharmaceutical Industries (JULPHAR) the worst with a 4.1% fall, but none trading more than AED 1m worth. Emirates Telecom (ETISALAT) rose 0.46% to 10.85, and National Bank of Abu Dhabi (NBAD) was unchanged. | |