UAE market news & discussions for 13 January 2010UAE stocks fell again with DFM, Emaar, and Aldar all falling by more than 5%, and most stocks in the red. On the Nasdaq Dubai at 1415 UAE time, DP World is down 2.2% to $0.50, and DGS is down 2.3% to $112.69. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketThe Dubai Financial Market (DFM) fell 2.65% to 1712 points from turnover of AED 470m. Emaar Properties (EMAAR) was the most active stock, and the only one trading more than AED 100m worth, down 5.1% to 3.55 from AED 235m worth of deals. Dubai Financial Market (DFM) was the worst loser, down 6.6% to 1.69, Dubai Islamic Bank (DIB) fell 4.4%, and most other stocks fell 1%-4%. There were only three gainers including Global Investment House (GLOBAL) 15% limit up from one small trade, with none trading more than AED 1m. Abu Dhabi Securities ExchangeThe ADX fell 1.6% to 2714 points from turnover of AED 150m. Aldar Properties (ALDAR) was the most active stock and the worst of the more active losers, down 5.35% to 4.65 from turnover of AED 85m, and Dana Gas (DANA) was the only other stock trading more than AED 10m worth, down 2.0% to 1.96 from AED 13m worth of trading. Commercial Bank International (CBI) was the worst loser, 10% limit down but from just one trade, Abu Dhabi Commercial Bank (ADCB) fell 5.2%, Arkan Building Materials (ARKAN) was down 4.9%, Agthia Group (AGTHIA) 4.2%, Sorouh Real Estate (SOROUH) 4.0%, and most other stocks were in the red by 1%-4%. The only gainer was Invest Bank (INVESTB), up 2.6% to 2.00 from just one trade. National Bank of Abu Dhabi (NBAD) fell 1.2%, and Emirates Telecom (ETISALAT) by 0.90%. | |