UAE market news & discussions for 30 December 2009The ADX rose slightly by 0.10% to 2746 points from just AED 66m worth of trading - a very quiet day. The DFM was up 1.2% to 1810 points from AED 395m worth of trading. On the Nasdaq Dubai at 1430 UAE time, Depa is down 9.1%, DP World is unchanged, and Damas is up 14.6%. Sharewadi is travelling tomorrow so the stock report for 31 December 2009 might not be sent until next year. Happy New Year and good luck with your investments and trading for 2010. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) was the most active stock, rising 2.4% to 3.88 from AED 170m worth of trading. Arabtec (ARTC) was the only other stock trading more than AED 100m, unchanged at 2.62. Emirates NBD (ENBD) was the best gainer of the more active stocks, closing 5% limit up at 3.07. Gulf Navigation (GULFNAV) rose 3.45%, and the remaining gainers were up less than 3% or on low volumes. HITS Telecom was the worst of the more active losers, down 2.3% to 1.25, Arab International Logistics (ARMX) fell 1.9%, Gulf Finance House (GFH) fell 1.8%, and the other losers fell less than 1% or on low volumes. Abu Dhabi Securities ExchangeSorouh Real Estate (SOROUH) was the most active stock in Abu Dhabi but still only traded AED 12m worth, falling 2.3% to 2.59. Abu Dhabi National Building Materials (BILDCO) was the top gainer, 10% limit up at 2.11 but from just one small trade, National Marine Dredging (NMDC) rose 5.8%, Waha Capital (OILC) was up 4.5%, and the other gainers were up less than 1% or on turnover of less than AED 1m. Methaq Islamic Insurance (METHAQ) was the worst of the more active losers, closing 10% limit down at 3.22, Ras Al Khaimah Properties (RAKPROP) fell 3.3%, Abu Dhabi Commercial Bank (ADCB) was down 2.4%, Aabar Energy (AABAR) fell 2.2%, and the other losers were down less than 2% or on turnover of less than AED 1m. Emirates Telecom (ETISALAT) was up 0.46%, and National Bank of Abu Dhabi (NBAD) was unchanged. | |