Dubai and Abu Dhabi stock market report Thursday 18 January 2007
| top stock rises |
| symbol |
price |
change |
| EIC |
13.00 |
+0.70 |
+5.7% |
| BOS |
2.89 |
+0.15 |
+5.5% |
| CBD |
7.35 |
+0.35 |
+5% |
| EBI |
13.30 |
+0.60 |
+4.7% |
| ADAVIATION |
2.11 |
+0.08 |
+3.9% |
|
| top stock falls |
| symbol |
price |
change |
| NBF |
4.05 |
-0.45 |
-10% |
| UAB |
6.50 |
-0.70 |
-9.7% |
| ASMAK |
3.17 |
-0.33 |
-9.4% |
| FH |
8.16 |
-0.58 |
-6.6% |
| ARKAN |
1.26 |
-0.04 |
-3.1% |
|
| top volume |
| symbol |
value (AED) |
price |
| EMAAR | 186,954,941 | 12.40 | |
ALDAR | 43,044,472 | 3.93 | |
DIB | 32,974,360 | 8.23 | |
ADIB | 21,194,614 | 52.30 | |
DIC | 16,210,851 | 4.38 | |
DFM was up 1% today to finish the week at just under 4140 points. Just about right where it started on Sunday. ADSM was down 0.4% to 2972, struggling to crack through the 3000 level this week. Volumes down to a trifling 288m dhs for DFM but up substantially for ADSM at 141m dhs. Commercial Bank of Dubai (CBD) was the only company to announce
profits today. Tadawul finished the week yesterday at about 7215 points, not very encouraging.
Dubai Financial Market
DFM trading started off around the 4100 level and drifted for most of the day, it was only in the last 20 minutes or so of trading that it shot up 40 points with more stocks rising than falling. Union Properties PJSC (UPP) the star of the day with a 2.7% rise to 3.06 while Dubai Islamic Bank (DIB) also put in a good show with a 1.6% rise to 8.28 from 33m dhs of trading. Emaar Properties PJSC (EMAAR) with its 187m worth only rising 0.8%. Maximum rise was from Commercial Bank of Dubai (CBD) at 5% but only 3 small trades went through. So 3 people were interested in their profit
figures and 45% dividend news then.
Arabtec Holding PJSC (ARTC), Islamic Arab Insurance Company PSC (IAIC), Shuaa Capital PJSC (SHUAA) and AMAN all fell less than 1%. The remainder were flat or rose marginally
Abu Dhabi Securities Market
ADSM busy today with a third of the value traded in Aldar Properties PJSC (ALDAR) shares which rose just 0.7% to 3.93. 10 stocks rose while 18 fell and 7 remained unchanged. UAB the most outstanding deal of the day with almost a 10% fall to 6.50 from just one deal. But that deal of 1 million shares accounted for 5% of the total ADSM volume for the day (UAB shares are rarely traded). There's another million shares waiting in the sell queue. Any takers?
Sorouh Real Estate (SOROUH) the highest riser of the active stocks with a healthy 2.8% gain to 2.24. Abu Dhabi National Energy Company (TAQA), First Gulf Bank (FGB), and Gulf Cement Company (GCEM) all rose on about 1% or less on volumes worth taking notice of.
Ras Al Khaimah Properties PJSC (RAKPROP), Abu Dhabi Commercial Bank (ADCB), and Abu Dhabi Islamic Bank (ADIB) all remained the same - Abu Dhabi Islamic Bank in second place on volume with 21m dhs of deals.
ARKAN the notable loser of the day, falling another 3% to 1.26 - they've fallen every day since listing and are getting closer to par value. Dana Gas PJSC (DANA) fell 1.3% and the reminaing active shares fell less than 1%. Other big losers were NBF and ASMAK with about 10% drops from a single trade each.
