UAE market news & discussions for 30 March 2010UAE stocks were mixed with gains in Dubai, led by Arabtec, and losses in Abu Dhabi. On the Nasdaq Dubai at 1430 UAE time, DP World is down 0.4%, Depa is unchanged, and Damas is down 4.5%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose 0.95% to 1850 points from turnover of AED 857m with Arabtec (ARTC) in top spot on value traded, up 6.7% to 2.72 from AED 364m worth. Emaar Properties (EMAAR) was the only other stock trading more than AED 100m, up 1.0% to 4.00 from AED 245m. Shuaa Capital (SHUAA) was the top gainer, up 8.9% to 1.47, Islamic Arab Insurance (IAIC), Al Salam Bank (SALAM_BAH), and Dubai Islamic Bank (DIB) all rose 2.3%, and the remaining gainers were up less than 2%. Gulf Finance House (GFH) was the worst of the more active losers, down 4.1% to 0.93, National General Cooling (TABREED) fell 4.0%, Emirates Integrated Telecommunications (DU) 0.69%, and the other 4 losers fell on thin trading. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.21% to 2925 points from trading worth AED 189m with Aldar Properties (ALDAR) the most actively traded stock, down 0.85% to 4.60 from AED 72m. Waha Capital (OILC) was the worst of the more active losers, down 3.2% to 0.92, Sorouh Real Estate (SOROUH) fell 2.4%, and the other losers were down less than 2% or on thin trading. In the gainers list, only three stocks traded more than AED 1m worth, Union National Bank (UNB), Emirates Telecom (ETISALAT), and First Gulf Bank (FGB); all up by less than 1%. National Bank of Abu Dhabi (NBAD) closed unchanged at 11.95. | |