UAE market news & discussions for 12 May 2010UAE stocks rose slightly but volumes were still low. On the Nasdaq Dubai at 1415 UAE time, DP World is unchanged, Depa is up 2.6%, DGS is up 2.2%, and Damas is up 2.9%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose 0.52% to 1715 points from AED 224m worth of trading with Emaar Properties (EMAAR) the most actively traded stock, up 1.05% to 3.85 from AED 93m. HITS Telecom was the best gainer, up 3.2% to 1.03, Drake & Scull (DSI) rose 1.35%, Arabtec (ARTC) 1.25%, and the other gainers were up less than 1% or on low volumes. There were 5 losers, and only Arab International Logistics (ARMX), down 1.2% to 1.60, saw trading worth more than AED 1m. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.25% to 2796 points from trading of AED 120m with Aldar Properties (ALDAR) the most active stock as usual, up 1.8% to 3.92 from AED 41m worth, and was also the best of the more active gainers. The rarely traded National Bank of Umm Al Quwain (NBQ) took a surprising second spot on the actively traded stocks list, falling 3.2% to 2.56 from AED 19m worth, albeit from just 6 deals. It was also the worst of the more active losers. Other stock movements included Union National Bank (UNB) up 1.5%, Waha Capital (OILC) 1.4%, Sorouh Real Estate (SOROUH) 1.3%, with the remaining gainers up less than 1% or on thin trading. Ras Al Khaimah Properties (RAKPROP) fell 2.0% Dana Gas (DANA) 1.2%, Abu Dhabi Commercial Bank (ADCB) 1.1%, and the other losers were down less than 1% or on low volumes. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) were unchanged at 10.65 and 11.90 respectively. | |