UAE market news & discussions for 31 March 2010UAE stocks fell slightly today with Air Arabia limit down after going ex-dividend. On the Nasdaq Dubai at 1430 UAE time, DP World is down 0.78%, and Depa is up 1.4%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.37% to 1843 points from turnover of AED 578m with Arabtec (ARTC) the most actively traded company, down 0.37% to 2.71 from AED 227m. Emaar Properties (EMAAR) was the only other stock trading more than AED 100m worth, unchanged at 4.00. Air Arabia (AIRARABIA) was the worst loser, 10% limit down due to correction after going ex-dividend, HITS Telecom fell 2.3%, Drake & Scull (DSI) 2.0%, and the other losers fell less than 2% or on low volumes. Dubai Islamic Insurance (AMAN) was the best of the more active gainers, up 4.55% to 0.92, Islamic Arab Insurance (IAIC) rose 4.5%, Gulf Navigation (GULFNAV) 3.45%, Emarat Takaful Insurance (TAKAFUL-EM) 3.0%, and the other gainers were up less than 3% or on turnover of less than AED 1m. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.58% to 2908 points from turnover of AED 119m with Aldar Properties (ALDAR) the most actively traded stock, down 0.86% to 4.55 from AED 28m worth. National Bank of Umm Al Quwain (NBQ) was the worst of the more active stocks, down 2.6% to 2.98, Abu Dhabi Commercial Bank (ADCB) fell 1.4%, Emirates Telecom (ETISALAT) was down 1.2%, Waha Capital (OILC) fell 1.1%, and the other losers were down less than 1% or on turnover of less than AED 1m. National Bank of Abu Dhabi (NBAD) was the only gainer on trading worth more than AED 1m, up just 0.42% to 12.00. | |