UAE market news & discussions for 14 April 2010Dubai stocks were up, led by Arabtec on the news that the Aabar takeover deal had been abandoned, while Abu Dhabi stocks fell, mostly due to a drop in NBAD shares. On the Nasdaq Dubai at 1445 UAE time, DP World is down 1.8%, Depa is unchanged, and Damas is up 2.7%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose slightly, by 0.12% to 1824 points from turnover of AED 910m worth, with Arabtec (ARTC) the most active stock, and also the best of the more active gainers, up 2.3% to 2.71 from AED 460m. Emaar Properties (EMAAR) was the only other stock trading more than AED 100m worth, down 0.24% to 4.10 from AED 292m. Arab International Logistics (ARMX) rose 1.75%, HITS Telecom 1.6%, and the other gainers were up less than 1.5% or on low volumes. Gulf Finance House (GFH) was the worst loser, down 5.2% to 0.845, Islamic Arab Insurance (IAIC) fell 2.3%, Union Properties (UPP) 1.2%, and the other losers were down less than 1% or on low volumes. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.22% to 2854 points from turnover of AED 128m with Aldar Properties (ALDAR) the most active stock, down 0.87% to 4.48 from AED 44m worth of deals. National Bank of Abu Dhabi (NBAD) was the worst of the more active losers, down 3.35% to 11.95, Ras Al Khaimah Cement (RAKCC) fell 1.9%, Arkan Building Materials (ARKAN) 1.8%, and the other losers were down less than 1% or on low volumes. There were only six gainers, and only two saw trading levels above the AED 1m mark; First Gulf Bank (FGB) up 3.0%, and Agthia Group (AGTHIA) up 0.51%. Emirates Telecom (ETISALAT) was unchanged at 10.70. | |