UAE market news & discussions for 29 June 2010Most UAE stocks fell and the DFM index closed below 1500 points. On the Nasdaq Dubai at 1515 UAE time, DP World is down 6.5%, Depa is unchanged, and DGS is down 1.3%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks fell 2.2% to 1482 points from turnover of AED 245m with Arabtec (ARTC) the most actively traded stock for a change, down 2.75% to 1.77 from AED 63m. Deyaar Development (DEYAAR) was the worst of the more active losers, down 6.7% to 0.31, Emirates Integrated Telecommunications (DU) was 5% limit down, Dubai Financial Market (DFM) fell 3.95%, Emirates NBD (ENBD) 3.85% on low volumes, Emaar Properties (EMAAR) 3.1%, and the remaining losers fell less than 3% or on thin trading. There were only 4 gainers, and only Air Arabia (AIRARABIA) saw turnover of more than AED 1m as it rose just 0.47% to 0.85. Abu Dhabi Securities ExchangeAbu Dhabi stocks fell 0.85% to 2531 points from turnover of AED 88m worth with Aldar Properties (ALDAR) the most actively traded stock, down 4.0% to 2.86 from AED 22m worth of deals. Aabar Energy (AABAR) was the worst of the more active losers, down 6.0% to 1.40, Sorouh Real Estate (SOROUH) fell 3.2%, National Bank of Abu Dhabi (NBAD) 2.2%, and the other losers were down less than 2% or on low volumes. There was only one gainer, Emirates Telecom (ETISALAT), up 0.48% to 10.40. | |