UAE market news & discussions for 11 April 2010Dubai stocks saw a solid rise, led by Emaar and Arabtec, and Abu Dhabi stocks also closed in the green. On the Nasdaq Dubai at 1430 UAE time, DP World is up 0.93%, and Depa is down 1.3%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose 3.4% to 1825 points from turnover of AED 631m worth with Emaar Properties (EMAAR) the most active stock and also the top gainer, up 6.8% to 4.06 from AED 312m worth. Arabtec (ARTC) was the only other stock trading more than AED 100m worth, up 6.3% to 2.70. Dubai Financial Market (DFM) shares were up 4.8%, Islamic Arab Insurance (IAIC) rose 3.0%, and most other stocks were up less than 3%. There were only three losers, Ektitab Holding (EKTTITAB) fell 5.3%, Al Madina Finance (ALMADINA) 2.0%, and Gulf Navigation (GULFNAV) 0.68%, with none trading significant volumes. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.86% to 2848 points from turnover of AED 138m with Dana Gas (DANA) the most actively traded stock, up 2.2% to 0.93 from AED 45m worth. Sorouh Real Estate (SOROUH) was the best of the more active gainers, up 3.8% to 2.52, Aldar Properties (ALDAR) rose 3.6%, Abu Dhabi Commercial Bank (ADCB) 3.1%, and the other gainers were up less than 3% or on thin trading. There were five losers, with Al Dhafra Insurance (DHAFRA) the worst of them, down 3.3% to 4.50, but none saw turnover of more than AED 1m. National Bank of Abu Dhabi (NBAD) rose 0.84%, and Emirates Telecom (ETISALAT) was up 0.47%. | |