UAE market news & discussions for 22 September 2010UAE stocks fell, especially in Dubai. On the Nasdaq Dubai, DP World was down 2.1%, and Depa was unchanged. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 1.6% to 1674 points from AED 307m worth of trading with Emaar Properties (EMAAR) the most active stock, down 2.9% to 3.73 from AED 84m. Dubai Investment Company (DIC) was the worst of the more active losers, down 3.5% to 0.93, Dubai Financial Market (DFM) fell 2.8%, National General Cooling (TABREED) 2.5%, and the remaining losers fell less than 2.5% or on thin trading. There were only 4 gainers - Global Investment House (GLOBAL) up 8.5%, Shuaa Capital (SHUAA) 5% limit up, Arab International Logistics (ARMX) up 3.3%, and Ajman Islamic Bank (AJMANBANK) up 1.1%. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.25% to 2631 points from trading worth AED 138m with Aldar Properties (ALDAR) the most actively traded stock, down 0.79% to 2.51 from AED 54m worth. Waha Capital (OILC) was the worst of the more active losers, down 2.6% to 0.75, Ras Al Khaimah Properties (RAKPROP) fell 2.3%, and the other losers were down less than 2% or on thin trading. Ras Al Khaimah Ceramics (RAKCEC) was the top gainer, up 2.6% to 1.60, Abu Dhabi Islamic Bank (ADIB) rose 1.9%, and the other 4 gainers were up less than 1%. Emirates Telecom (ETISALAT) was unchanged at 10.45, and National Bank of Abu Dhabi (NBAD) fell 1.3%. | |