UAE market news & discussions for 26 August 2010UAE stocks rose with trading volumes up a bit also, led by Aldar in Abu Dhabi, and Emaar in Dubai. On the Nasdaq Dubai, DP World is unchanged at US$0.48, Depa is down 3.3%, and Damas is down 2.6%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose 0.85% to 1497 points with Emaar Properties (EMAAR) the most active, up 2.2% to 3.30 from AED 50m worth of trading, and also the best of the more active gainers. Arabtec (ARTC) rose 1.8%, Dubai Financial Market (DFM) 1.4%, and the other gainers were up less than 1% or on thin trading. Of the 5 losers, only Emirates Integrated Telecommunications (DU), down 0.48%, and Dubai Investment Company (DIC), down 0.12%, traded more than AED 1m worth. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.19% to 2501 points from trading worth AED 149m with Aldar Properties (ALDAR) the most active stock, and the top gainer of any significance, up 4.6% to 2.34 from AED 77m worth of trading. International Fish Farming (ASMAK) and GLS both closed 10% limit up but from just one small trade each. Sorouh Real Estate (SOROUH) rose 2.5%, Waha Capital (OILC) 1.5%, Emirates Telecom (ETISALAT) 0.50%, and the other gainers were up on less than AED 1m worth of deals. There were 6 losers with only First Gulf Bank (FGB), down 1.1%, and National Bank of Abu Dhabi (NBAD), down 0.44%, trading more than AED 1m worth of shares. | |