UAE market news & discussions for 26 April 2010UAE stocks mostly fell today but on low turnover. On the Nasdaq Dubai at 1415 UAE time, DP World is up 1.1%, and Depa is up 1.3%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.69% to 1757 points from AED 264m worth of trading with Emaar Properties (EMAAR) the only stock trading more than AED 100m, down 2.0% to 3.96 from AED 146m. Drake & Scull (DSI) was the worst of the more active losers, down 2.4% to 0.903, Gulf Navigation (GULFNAV) fell 2.0%, and the other losers were down less than 2% or on low volumes. HITS Telecom was the best of the more active gainers, up 5.3% to 1.20, National General Cooling (TABREED) rose 3.2%, and the other gainers were up less than 2% or on low volumes. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.39% to 2811 points from AED 78m worth of trading with National Bank of Abu Dhabi (NBAD) convertible notes the most active listing, and also the worst loser, down 9.0% to 71.00 from AED 18m worth. Emirates Telecom (ETISALAT) was the most active stock, unchanged at 10.60 from AED 14m worth. Aldar Properties (ALDAR) fell 1.9%, Sorouh Real Estate (SOROUH), Abu Dhabi Commercial Bank (ADCB), and Abu Dhabi National Energy (TAQA) all fell about 1.6%, and the other losers were down less than 1.5% or on low volumes. There were only two gainers trading more than AED 1m worth, Gulf Pharmaceutical Industries (JULPHAR) up 6.5%, and National Bank of Abu Dhabi (NBAD) up 1.3%. | |