UAE market news & discussions for 06 January 2010Abu Dhabi fell due mostly to slight falls in Etisalat and NBAD, while Dubai was almost unchanged with a slight rise in Emaar. On the Nasdaq Dubai at 1430 UAE time, DP World is up 1.4%, Damas is down 5%, and DGS is down 0.51%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketThe ADX fell 0.29% to 2767 points from turnover of AED 157m. Aldar Properties (ALDAR) was the most active stock with AED 53m worth of trading, and rose 1.15% to 5.20. Abu Dhabi National Takaful (TKFL) and Invest Bank (INVESTB) were the top gainers, closing 10% limit up but from just three small trades between them. Waha Capital (OILC) was the best of the more active gainers, up 5.5% to 0.96. Dana Gas (DANA) rose 2.0%, and the other gainers were up less than 2% or on low volumes. Aabar Energy (AABAR) was the worst of the more active losers, down 1.3% to 2.28, and the remaining losers fell less than 1% or on low volumes. Emirates Telecom (ETISALAT) fell 0.89% and National Bank of Abu Dhabi (NBAD) fell 0.40%. Abu Dhabi Securities ExchangeThe Dubai Financial Market (DFM) edged ahead slightly by 0.06% to 1820 points from turnover of AED 326m. Emaar Properties (EMAAR) was the most active stock in Dubai, rising 0.50% to 4.04 from AED 198m, and the only stock trading more than AED 100m worth. There were only 5 gainers with National General Cooling (TABREED) up 1.9%, Union Properties (UPP) up 1.4%, National General Cooling (TABREED) up 1.2%, and Emirates Integrated Telecommunications (DU) up 0.34%. Several stocks closed unchanged, including Dubai Financial Market (DFM), Drake & Scull (DSI), Deyaar Development (DEYAAR), and Air Arabia (AIRARABIA). Gulf Finance House (GFH) was the worst of the more active losers, down 3.7% to 1.05, Ektitab Holding (EKTTITAB) fell 1.45%, Ajman Islamic Bank (AJMANBANK) 1.1%, Dubai Investment Company (DIC) 1.0%, and the remainder fell less than 1% or on low volumes. | |
