UAE market news & discussions for 29 December 2009The ADX rose 0.54% to 2743 points from AED 151m worth of trading. The DFM fell 2.15% to 1789 points from turnover of just over AED 1 billion. On the Nasdaq Dubai at 1515 UAE time, DP World is down 2.3%, Damas is up 17.5%, and Depa is up 5.8%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) was the most active stock with a fall of 4.3% to 3.79 from turnover of AED 481m. Two other stocks traded more than AED 100m: Arabtec (ARTC) down 3.7% and Dubai Financial Market (DFM) down 5.1%. Islamic Arab Insurance (IAIC) was the worst of the more actively traded stocks, down 5.5% to 0.86. Gulf Navigation (GULFNAV) fell 4.9%, Arab International Logistics (ARMX) fell 4.2%, Dubai Islamic Insurance (AMAN) 4.0%, and most other stocks fell between 1% and 4%. There were only two gainers: Emirates NBD (ENBD) up 2.8% and HITS Telecom up 0.79%. Abu Dhabi Securities ExchangeAldar Properties (ALDAR) was the most active stock in Abu Dhabi with a slight fall of 0.2% to 4.99 from just AED 37m worth of turnover. Emirates Insurance (EIC) and National Marine Dredging (NMDC) were the top gainers, both 10% limit up but from low volumes. Waha Capital (OILC) was the best of the more active gainers, up 3.5% to 0.90, Aabar Energy (AABAR) rose 3.1%, and the remaining gainers were up by less than 3%, including Emirates Telecom (ETISALAT) up 1.9%. Al Khazna Insurance (AKIC) was the worst loser, down 6.5% to 1.00 but on low volumes, National Bank of Abu Dhabi (NBAD) and Abu Dhabi Commercial Bank (ADCB) fell 1.2%, and the other losers were down less than 1% or on low volumes. | |