UAE market news & discussions for 27 September 2010UAE stocks rose slightly in Abu Dhabi, but fell in Dubai. On the Nasdaq Dubai, DP World fell 0.96%, and Depa was unchanged. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 1.0% to 1699 points from trading worth AED 254m with Emaar Properties (EMAAR) the most active stock, down 1.8% to 3.80 from AED 78m. Dubai Financial Market (DFM) shares were the worst of the more active losers, down 2.75% to 1.77, HITS Telecom fell 2.4%, Dubai Investment Company (DIC) 1.6%, and the other losers were down less than 1% or on low volumes. There were 5 gainers with only 2 trading more than AED 1m worth - Arab International Logistics (ARMX) up 1.4%, and Dubai Islamic Bank (DIB) up 0.86%. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.28% to 2664 points from trading worth AED 112m with Aldar Properties (ALDAR) the most actively traded stock, down 1.2% to 2.54 from AED 35m worth of deals, and also the worst of the more active losers. Agthia Group (AGTHIA) was the best of the more active gainers, up 3.7% to 2.26, Ras Al Khaimah Ceramics (RAKCEC) rose 1.8%, Abu Dhabi Islamic Bank (ADIB) 1.1%, Emirates Telecom (ETISALAT) 0.95%, and the other gainers were up on low volumes. Methaq Islamic Insurance (METHAQ), Sorouh Real Estate (SOROUH), and Union National Bank (UNB) all fell less than 1%, and the other losers were down on turnover of less than AED 1m. | |