UAE market news & discussions for 06 April 2010UAE indexes rose slightly, although in Dubai that was due mostly to a limit up close for Emirates NBD while most other stocks were in the red. On the Nasdaq Dubai at 1430 UAE time, DP World is up 0.95%, and Depa is up 2.7%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketDubai stocks were up just 0.12% to 1839 points from trading worth AED 374m, with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, down 0.25% to 4.00 from AED 122m. Emirates NBD (ENBD) was the top gainer, 5% limit up at 3.07, and Emirates Integrated Telecommunications (DU) was the only other gainer trading more than AED 1m of shares, up 1.05% to 2.89. Arab International Logistics (ARMX) was the worst of the more active losers, down 2.2%, Union Properties (UPP) fell 2.0%, and the other losers fell less than 2% or on turnover of less than AED1m. Abu Dhabi Securities ExchangeAbu Dhabi stocks rose 0.39% to 2848 points from lower turnover of AED 98m, with Dana Gas (DANA) the most active stock, up 1.1% to 0.90 from AED 17m worth. Ras Al Khaimah Cement (RAKCC) was the top gainer, up 2.1% to 0.99 from greater than usual turnover, First Gulf Bank (FGB) rose 1.4%, National Bank of Abu Dhabi (NBAD) was up 1.3%, and the other three gainers were up less than 1%, including Emirates Telecom (ETISALAT) up 0.95%. Qatar Telecom (QTEL) was the worst loser, down 3.3% but from just a couple of small trades, Waha Capital (OILC) fell 3.3% also, Ras Al Khaimah Properties (RAKPROP) was down 1.85%, Abu Dhabi Commercial Bank (ADCB) 1.5%, and the other losers fell less than 1% or on low trading. | |
