UAE market news & discussions for 25 August 2010UAE stocks fell with Bank of Sharjah about the only one standing out, with greater than usual trading activity. On the Nasdaq Dubai, DP World fell 3.8%, Depa was unchanged, and Damas fell 0.64%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.57% to 1485 points from trading worth AED 45m with Emaar Properties (EMAAR) the only stock trading more than AED 10m, down 0.92% to 3.23 from AED 18m worth. Gulf Finance House (GFH) was the worst of the more active losers, down 2.5% to 0.47, Arabtec (ARTC) and Drake & Scull (DSI) fell 1.2%, National General Cooling (TABREED) 1.1%, and Air Arabia (AIRARABIA) and Dubai Financial Market (DFM) fell less than 1%. The other losers were down on thin trading. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.28% to 2496 points from trading worth AED 62m with Bank of Sharjah (BOS), unusually, the most active stock, up 0.57% to 1.78 from AED 28m worth. Sorouh Real Estate (SOROUH) was down 1.85% to 1.59, Aldar Properties (ALDAR) 0.90%, and Emirates Telecom (ETISALAT) 0.50%. Dana Gas (DANA) was unchanged at 0.78, and all other traded stocks saw less than AED 1m worth of deals. | |