UAE market news & discussions for 28 February 2010Emaar led the gainers in Dubai with a respectable rise but otherwise there was little to write about, both in terms of volumes and price movements. On the Nasdaq Dubai, DP World is down 0.78% to $0.38, and Depa is unchanged at $0.55. Dubai Financial MarketDubai stocks rose 0.69% to 1593 points from AED 231m worth of deals, with Emaar Properties (EMAAR) the most actively traded stock, up 3.5% to 2.98 from AED 90m of shares. Ajman Islamic Bank (AJMANBANK) was the best of the more active gainers, up 3.7% to 0.85, Islamic Arab Insurance (IAIC) rose 2.6%, Air Arabia (AIRARABIA) 2.1%, and the other gainers were up less than 2% except for Dar Takaful Insurance (DARTAKAFUL), up 4.5% on thin trading. Deyaar Development (DEYAAR) was the worst loser, down 4.2% to 0.46, National General Cooling (TABREED) fell 3.1%, Al Salam Bank Sudan (ALSALAMSUDAN) dropped 3.25% on low volumes, Emirates NBD (ENBD) was down 2.8%, and the remaining losers were down less than 2%. Abu Dhabi Securities ExchangeThe ADX rose marginally by 0.08% to 2704 points from turnover of AED 92m with Aldar Properties (ALDAR) the most actively traded stock, falling 0.56% to 3.58 from AED 31m worth of trading. Dana Gas (DANA) was the only other stock trading more than AED 10m worth, and the worst of the more actively traded losers, falling 1.2% to 0.82 from AED 11m worth of shares. Sudan Telecom (SUDATEL) was the worst loser, down 7.9% to 2.70 but from less than AED 1m worth of shares. The other losers were down less than 1% or on low volumes. Ras Al Khaimah Properties (RAKPROP) was the best of the more active gainers, up 4.1% to 0.52, Ras Al Khaimah Cement (RAKCC) was up 3.7%, and the other gainers were up less than 2% or on low volumes. |
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