UAE market news & discussions for 28 December 2009The ADX rose 1.2% to 2728 points from low turnover of AED 155m. The DFM rose 3.4% from more solid turnover of AED 712m. On the Nasdaq Dubai at 1445 UAE time, only DP World has traded, up 3.65%. UAE financial news - latest news from Reuters, Bloomberg and UAE mediaDubai Financial MarketEmaar Properties (EMAAR) was the most active stock and second highest gainer, rising 5.6% to 3.96 from turnover of AED 339m. Arabtec (ARTC) was the standout gainer and the only other stock trading more than AED 100m, closing 15% limit up at 2.72 from AED 140m worth of deals. Dubai Financial Market (DFM) was up 4.8%, Emirates Integrated Telecommunications (DU) rose 4.6%, Union Properties (UPP) increased by 4.5%, Al Madina Finance (ALMADINA) by 4.0%, and most other stocks were up less than 4%. There were only two losers, Global Investment House (GLOBAL) 10% limit down, and Al Salam Bank (SALAM_BAH) down 2.1%, both on low volumes. Ektitab Holding (EKTTITAB) was unchanged. Abu Dhabi Securities ExchangeAldar Properties (ALDAR) was the most active stock in Abu Dhabi but only traded AED 38m, rising 2.2% to 5.19. Waha Capital (OILC) was the standout gainer, closing 10% limit up at 0.89. Abu Dhabi National Building Materials (BILDCO) was also 10% limit up but from just one trade. Methaq Islamic Insurance (METHAQ) rose 3.6%, Sorouh Real Estate (SOROUH) 2.7%, Abu Dhabi National Energy (TAQA) 2.5%, and most other stocks were up less than 2.5% or on low volumes. There were six losers, including International Fish Farming (ASMAK) 10% limit down but from just one trade, and Abu Dhabi Islamic Bank (ADIB) down 0.35%, the only loser trading more than AED 1m worth. | |
