UAE market news & discussions for 17 June 2010Abu Dhabi stocks mostly fell but Dubai stocks were up today. On the Nasdaq Dubai at 1430 UAE time, DP World is down 0.42%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose 0.83% to 1500 points from turnover of AED 136m with Emaar Properties (EMAAR) the most active stock, up 1.0% to 3.04 from AED 73m. Al Madina Finance (ALMADINA) and International Financial Advisers (IFA) were the top gainers, closing 15% limit up but from low volumes, Air Arabia (AIRARABIA) was the best of the more active stocks, up 2.4% to 0.84, Dubai Investment Company (DIC) rose 2.1%, and the other gainers were up less than 2% or on low turnover. There were 6 losers with only 2 trading more than AED 1m worth - Gulf Navigation (GULFNAV) down 1.85%, and Arabtec (ARTC) down 1.1%. Abu Dhabi Securities ExchangeAbu Dhabi stocks dropped slightly by 0.15% to 2515 points from trading worth 118m with Sorouh Real Estate (SOROUH) the most active stock and also the worst of the more active losers, down 4.5% to 1.92 from AED 29m. Ras Al Khaimah Properties (RAKPROP) fell 2.6%, Aldar Properties (ALDAR) 2.3%, and the other losers were down less than 2% or on thin trading. Dana Gas (DANA) was the best of the more active gainers, up 4.8% to 0.66, National Bank of Abu Dhabi (NBAD) rose 3.5% to 10.50 from low turnover, and Waha Capital (OILC) and First Gulf Bank (FGB) were the only other gainers trading more than AED 1m, both up less than 2%. Emirates Telecom (ETISALAT) fell 0.97% to 10.35. | |