UAE market news & discussions for 04 April 2010Dubai stocks mostly fell, while Abu Dhabi stocks were almost unchanged. On the Nasdaq Dubai at 1500 UAE time, DP World is down 0.57%, and Depa is unchanged. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.51% to 1850 points from AED 1.0 billion worth of trading, with Emaar Properties (EMAAR) the most active stock, down 0.98% to 4.04 from AED 410m. Dubai Financial Market (DFM) was the second most active stock, and one of only two gainers, up 3.1% to 1.98 from AED 266m worth. Arabtec (ARTC) was the only other stock trading more than AED 100m worth, down 1.5% to 2.70. Apart from a single small trade in Arab Insurance Group (ARIG), Islamic Arab Insurance (IAIC) was the worst loser, down 5.3% to 0.90, Dubai Islamic Insurance (AMAN) fell 3.2%, and most other stocks fell less than 3%, or were unchanged. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose marginally by 0.04%, or just over one point, to 2861 points from turnover of AED 155m, with Aldar Properties (ALDAR) the most active stock, up 2.6% to 4.62 from AED 49m worth of deals. Methaq Islamic Insurance (METHAQ) was the top gainer, up 4.0% to 2.87, Abu Dhabi Commercial Bank (ADCB) was up 2.4%, Arkan Building Materials (ARKAN) and Union National Bank (UNB) rose 2.3%, Sorouh Real Estate (SOROUH) increased by 2.0%, and the other gainers were up less than 2%. Union Cement (UCC) closed 10% limit down from just one small trade, Ras Al Khaimah Properties (RAKPROP) was the worst of the more active losers, down 1.8% to 0.54, and Emirates Telecom (ETISALAT) was the only other loser trading more than AED 1m, down 0.46% to 10.75. | |