UAE market news & discussions for 04 July 2010UAE stocks saw little change on very low trading volumes. On the Nasdaq Dubai at 1515 UAE time, DP World is down 3.3% to $0.41. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.10% to 1468 points from trading worth AED 63m with Emaar Properties (EMAAR) the only stock trading more than AED 10m worth, down 0.64% to 3.08 from AED 19m. Emirates Integrated Telecommunications (DU) was the worst of the more active losers, down 3.0% to 1.92, Arabtec (ARTC) fell 1.2%, and the other losers were down less than 1% or on thin trading. Only 2 gainers saw trading worth more than AED 1m - Union Properties (UPP) up 1.6%, and Dubai Islamic Bank (DIB) up 1.0%. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.23% to 2515 points from trading worth just AED 46m with Emirates Telecom (ETISALAT) the most active stock, unchanged at 10.35 from AED 9.0m worth of deals. Aabar Energy (AABAR) was the best of the more active gainers, up 3.5% to 1.47, Ras Al Khaimah Properties (RAKPROP) rose 2.9%, Dana Gas (DANA) 1.5%, and the other gainers were up less than 1% or on turnover of less than 1m. There were 6 losers with only First Gulf Bank (FGB) trading more than 1m worth, down 1.7% to 14.50. | |