UAE market news & discussions for 16 September 2010UAE stocks rose although small falls in NBAD and Etisalat held back the ADX index. On the Nasdaq Dubai, DP World rose 1.3%, and DGS fell 0.27%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose 1.2% to 1647 points from AED 317m worth of trading with Emaar Properties (EMAAR) the only company trading more than AED 100m worth, up 1.6% to 3.79 from AED 145m. Apart from a couple of small trades for Arab Insurance Group (ARIG) and Gulf General Investment (GGICO), National General Cooling (TABREED) was the best gainer, up 4.3% to 0.39. Dubai Islamic Bank (DIB) rose 3.35%, Emirates Integrated Telecommunications (DU) was up 2.4%, and the other gainers were up less than 2%. Only 3 stocks fell, none trading more than AED 1m worth. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.21% to 2607 points from trading worth AED 163m with Aldar Properties (ALDAR) the most active stock, up 0.84% to 2.43 from AED 48m. Apart from a couple of small trades for Ras Al Khaimah White Cement (RAKWCT) and United Arab Bank (UAB), Ras Al Khaimah Properties (RAKPROP) was the best gainer with a 5% inicrease to 0.42. Dana Gas (DANA) rose 3.7%, Abu Dhabi Commercial Bank (ADCB) was up 2.9%, and the other gainers were up less than 2% or on thin trading. National Bank of Abu Dhabi (NBAD) was the worst of the more active losers, down 1.3% to 11.80, Emirates Telecom (ETISALAT) fell 0.48%, and the other losers were down less than 1% or on thin trading. | |