UAE market news & discussions for 29 September 2010UAE stocks rose on moderate trading with Arabtec and Aramex doing well in Dubai. On the Nasdaq Dubai, DP World fell 1.7%, Depa was down 3.0%, and DGS rose 1.6%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks rose 0.72% to 1702 points from trading worth AED 220m with Arabtec (ARTC) the most active stock, up 2.0% to 2.03 from AED 66m. Except for a handful of small trades for Dar Takaful Insurance (DARTAKAFUL), Arab International Logistics (ARMX) was the best gainer, up 4.5% to 2.30. Shuaa Capital (SHUAA) and Emirates Integrated Telecommunications (DU) rose 2.8%, and the other gainers were up less than 2%. Only 3 losers fell on turnover worth more than AED 1m - Ajman Islamic Bank (AJMANBANK) down 1.1%, Gulf Finance House (GFH) down 0.63%, and Dubai Investment Company (DIC) down 0.21%. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.61% to 2677 points from trading worth AED 101m with Aldar Properties (ALDAR) the most actively traded stock, up 1.2% to 2.51 from AED 24m. Abu Dhabi Commercial Bank (ADCB) was the best of the more active gainers, up 3.2% to 2.31, Ras Al Khaimah Cement (RAKCC) rose 2.6%, Ras Al Khaimah Properties (RAKPROP) was up 2.4%, Agthia Group (AGTHIA) 2.2%, and the remaining gainers rose less than 2% or on thin trading. There were only 5 losers with 3 trading more than AED 1m worth - National Bank of Abu Dhabi (NBAD), Abu Dhabi National Hotels (ADNH), and Union National Bank (UNB), all down by less than half a percent. Emirates Telecom (ETISALAT) rose 0.93% to 10.75. | |