UAE market news & discussions for 14 December 2010UAE stocks fell on relatively modest trading with Tabreed the only stock movement of any significance. On the Nasdaq Dubai, DP World fell 0.17% to US$0.59. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 0.60% to 1644 points from trading worth AED 138m with Emaar Properties (EMAAR) the most active stock, down 0.28% to 3.59 from AED 44m. National General Cooling (TABREED) was the worst loser, down 7.0% to 1.72, Emirates Integrated Telecommunications (DU) fell 2.1%, and the other losers were down less than 2% or on low volumes. There were 4 gainers - Commercial Bank of Dubai (CBD) up 4.85% from a couple of small trades, HITS Telecom up 3.9%, and Air Arabia (AIRARABIA) and Deyaar Development (DEYAAR) both up less than 1%. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.62% to 2728 points from trading worth AED 75m with Aldar Properties (ALDAR) the most active stock, down 2.1% to 2.30 from AED 26m. Except for a couple of small trades for Gulf Pharmaceutical Industries (JULPHAR), Ras Al Khaimah Cement (RAKCC) was the worst of the more active losers, down 3.3% to 0.87, Methaq Islamic Insurance (METHAQ) fell 3.0%, Ras Al Khaimah Properties (RAKPROP) 2.1%, and the other losers were down less than 2% or on low volumes. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) both fell just under 0.5%. There were 5 gainers including a 10% limit up close for Abu Dhabi Ship Building (ADSB), but none saw trading worth more than AED 1m. | |