UAE market news & discussions for 24 June 2010Dubai stocks fell and Abu Dhabi stocks saw little movement. On the Nasdaq Dubai at 1545 UAE time, DP World is down 3.8%, and Depa is up 1.4%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.79% to 1539 points from trading worth AED 197m with Emaar Properties (EMAAR) the most active stock, down 2.1% to 3.26 from AED 65m. Air Arabia (AIRARABIA) was the worst of the more active losers, down 2.2% to 0.84, Arabtec (ARTC) fell 2.1%, and the other losers were down less than 2% or on thin trading. There were 6 gainers with only 3 trading more than AED 1m worth - National General Cooling (TABREED) up 2.7%, Arab International Logistics (ARMX) up 1.9%, and Emirates Integrated Telecommunications (DU) up 0.46%. Emirates NBD (ENBD) was unchanged at 2.65. Abu Dhabi Securities ExchangeAbu Dhabi stocks saw little movement today with a close of 2553 points up just 0.08% from yesterday. Turnover was modest at AED 106m with Aldar Properties (ALDAR) the most active stock, down 0.32% to 3.05 from just AED 23m. Waha Capital (OILC) was the best of the more active gainers, up 5.4% to 0.58, Ras Al Khaimah Cement (RAKCC) rose 1.35%, and the other gainers were up less than 1% or on low volumes. Aabar Energy (AABAR) was the worst of the more active losers, down 3.4% to 1.71, the other losers fell less than 1% or on low volumes. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) both rose about 0.5%. | |