UAE market news & discussions for 12 October 2010UAE stocks fell although in Abu Dhabi Etisalat and Taqa stood out with small gains on relatively high volumes, and in Dubai HITS Telecom had a jump of more than 10% on greater than usual turnover. On the Nasdaq Dubai, DP World fell 0.18%, and Depa was unchanged. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.74% to 1743 points from AED 276m worth of trading with Emaar Properties (EMAAR) the only stock trading more than AED 100m, down 0.76% to 3.94. Drake & Scull (DSI) fell 1.9% to 0.97, Union Properties (UPP) was down 1.85%, Arabtec (ARTC) 1.75%, and the other losers were down less than 1.5% or on thin trading. There were only 4 gainers - HITS Telecom up 10.4%, Ektitab Holding (EKTTITAB) up 2.2%, Gulf General Investment (GGICO) up 1.05%, and Ajman Islamic Bank (AJMANBANK) up 0.11%. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.34% to 2712 points from AED 113m of turnover with Emirates Telecom (ETISALAT) the most actively traded stock, up 1.4% to 11.05 from AED 27m, and Aldar Properties (ALDAR) almost as busy with a fall of 2.35% to 2.48 from AED 26m making it the worst of the more active losers. There were only 5 gainers with Abu Dhabi National Energy (TAQA) the only other one trading more than AED 1m, up 0.67% to 1.50. Sorouh Real Estate (SOROUH) fell 1.7%, First Gulf Bank (FGB) 1.6%, and the other losers were down less than 1% or on thin trading, including National Bank of Abu Dhabi (NBAD) down 0.85% to 11.70. | |