UAE market news & discussions for 15 February 2010There was little activity in the UAE markets with the majority of stocks in the red but the Dubai index propped up somewhat by a gain in Emirates NBD. On the Nasdaq Dubai, DP World is down 5.5%, and Damas fell 4.3% from just one trade. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.28% to 1613 points from turnover down from yesterday at AED 197m worth with Emaar Properties (EMAAR) the most active stock, falling 1.0% to 3.01 from AED 79m worth of deals. Gulf Finance House (GFH) was the worst loser, down 7.3% to 1.01, Arabtec (ARTC) fell 2.3%, Union Properties (UPP) by 2.0%, and the remaining losers decreased by less than 2% or on low volumes. Deyaar Development (DEYAAR) was the best of the more active gainers, up 2.0% to 0.50. Emirates NBD (ENBD) rose 2.0%, Global Investment House (GLOBAL) was up 8.1%, Al Salam Bank Sudan (ALSALAMSUDAN) rose 2.6%, all on low volumes, and the other gainers rose between 1% and 2%. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.58% to 2710 points from turnover of AED 107 million with Aldar Properties (ALDAR) the most actively traded stock, falling 4.1% to 3.69 from AED 54m worth. Sorouh Real Estate (SOROUH) was the only other stock with turnover of more than AED 10m, down 3.0% to 2.22 from just AED 12m worth. Abu Dhabi Islamic Bank (ADIB) was the worst of the more active losers, down 6.6% to 2.83, Ras Al Khaimah Properties (RAKPROP) fell 1.9%, Dana Gas (DANA) 1.1%, and the other losers fell less than 1% or on low volumes. National Bank of Abu Dhabi (NBAD) was down 0.42% to 11.85, and Emirates Telecom (ETISALAT) was unchanged at 11.20. There were only three gainers, Gulf Cement (GCEM) and Ras Al Khaimah Ceramics (RAKCEC) up almost 10%, and Abu Dhabi Ship Building (ADSB) up just 0.29%, but none trading more than AED 1m worth. | |