UAE market news & discussions for 16 May 2010Most UAE stocks fell today, especially in Dubai but trading volumes were low. On the Nasdaq Dubai at 1530 UAE time, DP World is down 0.42%, and Depa has fallen 1.3%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 1.5% to 1692 points from AED 199m worth of trading with Emaar Properties (EMAAR) the most active stock, down 2.1% to 3.75 from AED 92m worth. Dubai Investment Company (DIC) was the worst of the more active losers, down 3.7% to 0.87, Gulf Finance House (GFH) fell 2.8%, Arabtec (ARTC) 2.1%, and most other stocks were down less than 2% or on thin trading. There were only two gainers, neither trading more than AED 1m worth - Dubai National Insurance & Reinsurance (DNIR) up 0.88%, and Dubai Islamic Insurance (AMAN) up 0.12%. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.58% to 2787 points from turnover of AED 93m with Aldar Properties (ALDAR) the most actively traded company, and also the worst of the more active losers, down 3.8% to 3.80 from AED 26m worth. Waha Capital (OILC) fell 2.7%, Sorouh Real Estate (SOROUH) 2.6%, and the other losers were down less than 2% or on low volumes. Of the gainers, there were only two trading more than AED 1m worth - Agthia Group (AGTHIA) with a closing price 10% limit up at 2.09, and Aabar Energy (AABAR) up 1.45%. Emirates Telecom (ETISALAT) was unchanged at 10.75, and National Bank of Abu Dhabi (NBAD) fell 1.7% to 11.85. | |