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. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai 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. | |