UAE market news & discussions for 20 April 2010UAE indices closed down marginally on low turnover, although Emaar and Aldar both managed to finish in the green. On the Nasdaq Dubai at 1530 UAE time, DP World is unchanged at US$0.51, and Depa is up 1.3% to US$0.79. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks were down just 0.09% to 1744 points from trading worth AED 284m with Emaar Properties (EMAAR) the only stock with more than AED 100m of turnover, up 1.6% to 3.86 from AED 135m worth. Emirates Integrated Telecommunications (DU) was the worst of the more active losers, 5% limit down to 2.60, Gulf Finance House (GFH) fell 2.2%, and the other losers were down less than 2% or on low volumes. Drake & Scull (DSI) was the best of the more active gainers, up 1.8% to 0.975, Islamic Arab Insurance (IAIC) rose 1.1%, and the other gainers were up less than 1% or on thin trading. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.15% to 2805 points from turnover of AED 88m with Aldar Properties (ALDAR) the most active stock, up 0.24% to 4.18 from AED 27m of trading. Abu Dhabi National Hotels (ADNH) was the worst of the losers trading more than AED 1m worth, down 4.5% to 3.60, Abu Dhabi Commercial Bank (ADCB) fell 3.1%, Union National Bank (UNB) 2.8%, and the other losers were down less than 2.5% or on low volumes. Of the eight gainers, only three saw turnover of more than AED 1m; Abu Dhabi Islamic Bank (ADIB) up 1.3%, Emirates Telecom (ETISALAT) up 0.95%, and Aldar as already mentioned. National Bank of Abu Dhabi (NBAD) rose 0.88% on low trading. | |