UAE market news & discussions for 27 December 2009The ADX edged down by 0.11% to 2696 points, with turnover low at AED 114m. The DFM rose by 0.57% to 1769 points with modest turnover of AED 331m. On the Nasdaq Dubai at 1430 UAE time, only DP World has traded so far, unchanged from yesterday. Dubai Financial MarketEmaar Properties (EMAAR) was the only stock trading more than AED 100m worth, rising 2.2% to 3.75 from AED 153m worth of trades. Arabtec (ARTC) was the best of the more actively traded gainers, up 6.3% to 2.37. Gulf Finance House (GFH) rose 3.7%, Arab International Logistics (ARMX) 3.2%, and the remaining gainers were up less than 3% or on low volumes. There were five losers, with the newly listed HITS Telecom the worst, falling 6.0% to 1.26. Shuaa Capital (SHUAA) fell 5.1%, Emirates NBD (ENBD) 4.4%, and Al Madina Finance (ALMADINA) and Ajman Islamic Bank (AJMANBANK) fell less than 2%. Abu Dhabi Securities ExchangeAldar Properties (ALDAR) was the most active stock in Abu Dhabi, falling 0.8% to 4.98 from AED 29m worth of deals. Methaq Islamic Insurance (METHAQ) and Ras Al Khaimah Cement (RAKCC) were the top gainers, closing 10% limit up. The other gainers rose less 2% or on low volumes. National Marine Dredging (NMDC) was the worst loser, down 8.8% to 7.50, Emirates Telecom (ETISALAT) fell 1.4% on relatively active trading, and the other losers fell on low volumes. |
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