UAE market news & discussions for 29 March 2010Dubai stocks fell sharply but Abu Dhabi stocks were relatively flat today. On the Nasdaq Dubai at 1500 UAE time, DP World is down 2.9%, Depa is down 1.4%, and Damas is up 9.3%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 2.5% to 1833 points from trading worth AED 1.0 billion with Arabtec (ARTC) the most active stock for a change, down 1.5% to 2.55 with turnover at AED 412m. Emaar Properties (EMAAR) saw AED 336m worth of deals, and fell 3.9% to 3.96. Dubai Financial Market (DFM) was the worst of the more active losers, down 4.6% to 1.88, Deyaar Development (DEYAAR) fell 3.9%, Emirates NBD (ENBD) and Union Properties (UPP) 3.8%, Islamic Arab Insurance (IAIC) and Gulf Navigation (GULFNAV) 3.3%, Arab International Logistics (ARMX) 3.1%, and the other losers were down less than 3% or on low volumes. There were only 5 gainers with Gulf Finance House (GFH) the best of the more actively traded shares, up 4.3% to 0.97, Ektitab Holding (EKTTITAB) rose 3.3%, Shuaa Capital (SHUAA) 0.75%, and the other two were up on less than AED 1m worth of trading each. Abu Dhabi Securities ExchangeAbu Dhabi stocks were almost unchanged, the index up by 0.08% to 2932 points from turnover of AED 283m worth. Aldar Properties (ALDAR) was the most actively traded stock, up 0.21% to 4.62 from AED 97m worth of trading. Methaq Islamic Insurance (METHAQ) was the best of the more active gainers, up 3.3% to 2.79. First Gulf Bank (FGB) rose 1.7%, Abu Dhabi Commercial Bank (ADCB) 1.4%, National Bank of Abu Dhabi (NBAD) 1.3%, Waha Capital (OILC) 1.1%, and the other gainers were up less than 1% or on low volumes. Agthia Group (AGTHIA) was the worst of the more active losers, down 3.85% to 1.95, Dana Gas (DANA) fell 1.8%, and the other losers were down less than 2% or on low volumes. Emirates Telecom (ETISALAT) was down 0.4% to 12.65. | |