Dubai and Abu Dhabi stock market report 28 January 2007
top stock rises |
symbol |
price |
change |
ADSB |
2.88 |
+0.14 |
+5.1% |
RAKWCT |
1.68 |
+0.07 |
+4.3% |
GGICO |
8.64 |
+0.33 |
+4% |
ALDAR |
4.03 |
+0.11 |
+2.8% |
AGTHIA |
1.24 |
+0.03 |
+2.5% |
|
top stock falls |
symbol |
price |
change |
NBF |
4.23 |
-0.42 |
-9% |
QCEM |
1.90 |
-0.12 |
-5.9% |
GLOBAL |
12.00 |
-0.65 |
-5.1% |
SCIDC |
3.71 |
-0.19 |
-4.9% |
FH |
8.23 |
-0.41 |
-4.7% |
|
top volume |
symbol |
value (AED) |
price |
EMAAR |
982,621,852 |
13.35 |
DIC |
128,024,607 |
4.68 |
TAMWEEL |
45,187,851 |
4.19 |
DIB |
40,214,066 |
8.64 |
AMLAK |
26,385,376 |
5.17 |
|
DFM hesitantly moving upwards today while waiting for Emaar's results to appear. ADSM hesitantly moving downwards while insurance and industrial companies hesitantly release their embarrassing profit slides.
Dubai Financial Market
DFM was up 0.7% on substantial volumes - most of from trading in Emaar Properties PJSC (EMAAR) shares, which, with its almost 2% rise to 13.45 dhs and just under 1 billion dhs of trades, rose more than any other stock on DFM (except for a trivial 3 trades in GGICO). Dubai Islamic Bank (DIB) not far behind with a 1.5% rise. Dubai Investments PJSC (DIC) had a notable fall of 1.9% on sizeable volume (128m dhs) after their less than exciting results were released, although they do look cheap on a PE basis. Global Investment House (GLOBAL) had a 5% fall from 4 trades and most other active share rose slightly.
Abu Dhabi Securities Market
ADSM trading a moderate 88m dhs worth with Aldar Properties PJSC (ALDAR) and Sudan Telecom Company Ltd (SUDATEL) the big players today - large volumes and healthy 3% rises. Emirates Telecommunications Company (ETISALAT) also busy but with a moderate 0.3% rise. QCEM had an unpleasant 6% fall to 1.90 from a relatively high 3m dhs worth of trading. No other significant movements except for a handful of stocks trading thinly as usual. Of the companies releasing results today, only Ras Al Khaimah Cement Company (RAKCC) reacted with a 1.5% rise. Interestingly, National Bank of Abu Dhabi (NBAD) after a busy week last week had exactly zero trades today with the release of their somewhat feeble results.