UAE market news & discussions for 22 July 2010Abu Dhabi stocks were up, led by Dana and Waha Capital, but Dubai stocks were relatively unchanged. On the Nasdaq Dubai, DP World rose 1.6%, and Depa fell 4.3%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.16% to 1529 points from AED 133m worth of trading with Emaar Properties (EMAAR) the most actively traded stock, unchanged at 3.37 from AED 51m worth. There were only 4 losers trading more than AED 1m worth - Arabtec (ARTC) down 1.6%, Dubai Investment Company (DIC) down 1.2%, and Dubai Islamic Bank (DIB) and Air Arabia (AIRARABIA) both down less than 1%. Islamic Arab Insurance (IAIC) was the best of the more active gainers, up 4.9% to 0.88, Drake & Scull (DSI) rose 3.5%, Dubai Islamic Insurance (AMAN) 2.6%, and the other gainers were up less than 2% or on thin trading. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.59% to 2551 points from trading worth AED 105m with Dana Gas (DANA) the most actively traded stock, up 4.0% to 0.80. Waha Capital (OILC) was the top gainer, 10% limit up to 0.68, GLS was also limit up but from just one small trade. Ras Al Khaimah Cement (RAKCC) rose 5.6%, Ras Al Khaimah Properties (RAKPROP) 5.0%, and the other gainers were up less than 1% or on thin trading. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) both rose less than 1%. There were 8 losers with only 2 stocks trading more than AED 1m worth - National Bank Of Ras Al Khaimah (RAKBANK) and Aabar Energy (AABAR), both down less than 1%. | |