UAE market news & discussions for 13 April 2010UAE stocks fell slightly with only Emaar trading any significant quantities. On the Nasdaq Dubai at 1430 UAE time, DP World is down 1.3%, Depa is unchanged, DGS is down 0.63%, and Damas is down 7.5%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.65% to 1822 points from turnover of AED 430m with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, down 0.72% to 4.11 from AED 280m worth. Dubai Refreshments (DRC) was 5% limit down from just one trade, but that's one more than it usually sees, Deyaar Development (DEYAAR) was the worst of the more active stocks, down 3.8% to 0.46, National General Cooling (TABREED) fell 2.15%, and the other losers were down less than 2% or on low volumes. There were only three gainers, Al Madina Finance (ALMADINA) up 4.1%, Emirates Integrated Telecommunications (DU) up 0.70%, and Dubai Islamic Insurance (AMAN) up just 0.11%. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.19% to 2860 points from AED 88m worth of trading with Aldar Properties (ALDAR) the most active stock but still only trading AED 18m worth as it fell 1.3% to 4.55. Gulf Pharmaceutical Industries (JULPHAR) was the worst loser on trading of more than AED 1m, down 4.9% to 1.96. Abu Dhabi Ship Building (ADSB), International Fish Farming (ASMAK), and Ras Al Khaimah Poultry (RAPCO) all closed 10% limit down but from a small handful of trades. Bank of Sharjah (BOS) fell 4.05%, Ras Al Khaimah Properties (RAKPROP) 1.85%, and the other losers were down less than 1.5% or on low volumes. There were ten gainers but only two traded more than AED 1m worth; Ras Al Khaimah Cement (RAKCC) up 2.0%, and Aabar Energy (AABAR) up 0.42%, while National Bank of Umm Al Quwain (NBQ) closed 10% limit up from a tiny single trade. National Bank of Abu Dhabi (NBAD) was up 1.3% from low volumes, while Emirates Telecom (ETISALAT) fell 0.93%. | |