UAE market news & discussions for 09 August 2010UAE stocks fell in Abu Dhabi but rose in Dubai. On the Nasdaq Dubai, DP World was the only stock traded, unchanged at US$0.485. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose 0.51% to 1501 points from trading worth AED 75m with Emaar Properties (EMAAR) the most active stock, up 0.93% to 3.24 from AED 20m. Union Properties (UPP) was the best of the more active gainers, up 2.45% to 0.38, Dubai Islamic Insurance (AMAN) rose 3.6% but from thin trading, and the other gainers were up less than 2%, including Emirates NBD (ENBD) up 1.2% from low volumes. Five stocks fell with only two trading more than AED 1m - Air Arabia (AIRARABIA) down 0.94%, and Emirates Integrated Telecommunications (DU) down 0.50% before trading was suspended at 1pm while it had a meeting. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.64% to 2511 points from AED 174m worth of trading with Aldar Properties (ALDAR) the most active stock, down 3.7% to 2.15 from AED 82m. The rarely traded Al Wathba National Insurance (AWNIC) stood out in second spot on turnover from a single trade of 7m shares, down 0.18% to 5.66. Emirates Telecom (ETISALAT) was the only other stock trading more than AED 10m worth, down 0.50% to 10.05. Aabar Energy (AABAR) was the worst of the more active losers, down 6.7% to 1.82, Dana Gas (DANA) fell 2.6%, and the other losers were down less than 2% except for a couple of small trades for International Fish Farming (ASMAK) which closed 10% limit down at 8.19. Only two gainers saw trading of more than AED 1m - Abu Dhabi National Energy (TAQA) and Sorouh Real Estate (SOROUH), both up less than 1%. | |