UAE market news & discussions for 18 July 2010The week started with low trading levels, and most stocks in Dubai in the red slightly. Aabar stood out in Abu Dhabi with a limit up close after ESCA recommended a higher buyout price. On the Nasdaq Dubai, DP World fell 4.8%, and Depa fell 1.4%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.83% to 1508 points from trading worth AED 87m with Emaar Properties (EMAAR) the most active stock, down 0.6% to 3.29 from AED 33m. Arabtec (ARTC) was the worst of the more active losers, down 2.7% to 1.79, the other actively traded losers fell less than 2%. Only 2 gainers saw trading worth more than AED 1m - Emirates Integrated Telecommunications (DU), up 2.5% to 2.06 and Ajman Islamic Bank (AJMANBANK) up 1.6%. Abu Dhabi Securities ExchangeAbu Dhabi stocks were up slightly, by 0.11% to 2526 points from AED 49m worth of trading with Aldar Properties (ALDAR) the only stock trading more than AED 10m worth, unchanged at 2.67. Only 5 other stocks traded more than AED 1m worth - Aabar Energy (AABAR), the top gainer, 10% limit up at 1.59, Emirates Telecom (ETISALAT) and First Gulf Bank (FGB) both up less than 0.5%, Dana Gas (DANA) down 1.4%, and Sorouh Real Estate (SOROUH) down 0.57%. National Bank of Abu Dhabi (NBAD) was unchanged at 10.95 from low trading. | |