UAE market news & discussions for 26 September 2010UAE stocks rose, led by Arabtec, with a significant increase in turnover in Dubai. On the Nasdaq Dubai, DP World rose 1.8% and Depa fell 1.5%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose 1.6% to 1717 points from trading of just over half a billion dirhams, with Emaar Properties (EMAAR) up 2.65% to 3.87, and Arabtec (ARTC) up 6.3% to 2.02, both trading over AED 100m. Arabtec was also the top gainer apart from a single small trade in International Financial Advisers (IFA). Dubai Financial Market (DFM) rose 4.0%, National General Cooling (TABREED) was up 3.0%, and the other gainers were up less than 3%. There were 6 losers, with only Arab International Logistics (ARMX) trading more than AED 1m, down 0.91% to 2.18. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.66% to 2657 points from trading worth AED 171m with Aldar Properties (ALDAR) the most active stock, up 3.2% to 2.57 from trading worth AED 81m. Ras Al Khaimah Cement (RAKCC) was the best of the more active gainers, up 3.95% to 0.80, Sorouh Real Estate (SOROUH) rose 2.8%, Ras Al Khaimah Properties (RAKPROP) was up 2.4%, Abu Dhabi Commercial Bank (ADCB) rose 2.3%, and the remaining gainers were up less than 2% or on thin trading. There were 8 losers, none trading more than AED 1m. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) each rose a bit less than half a percent. | |