UAE daily stock market reports for Abu Dhabi Securities Market (ADSM) and Dubai Financial Market (DFM) - RSS feed

Thursday, January 25, 2007

EMAAR big day 25 Jan 2007

UAE market news & discussions for 25 January 2007

More UAE stock market news and discussions...

Dubai Financial Market and Abu Dhabi Securities Market index for 25 January 2007

Dubai and Abu Dhabi stock market report 25 January 2007

top stock rises
symbol price change
UAB 7.15 +0.65 +10%
FOODCO 4.36 +0.38 +9.5%
QCEM 2.02 +0.17 +9.2%
UCC 4.24 +0.19 +4.7%
SICO 4.70 +0.20 +4.4%
top stock falls
symbol price change
CBI 2.75 -0.30 -9.8%
NBQ 5.00 -0.44 -8.1%
AKIC 1.80 -0.11 -5.8%
NCC 12.50 -0.50 -3.8%
NMDC 3.73 -0.13 -3.4%
top volume
symbol value (AED) price
EMAAR1,037,423,45413.00
DIC236,776,0684.71
DIB93,957,8068.55
AMLAK31,483,1005.15
ADCB30,851,3746.16

A surge of confidence at DFM today with almost AED 1.5 billion of shares traded - 50% up on yesterday's volume- and a 1.5% increase. 85% of the total value came from just two stocks, Emaar Properties and Dubai Investments, but no final result news from either company so far today (and even Emaar's Investor Relations Department doesn't know when). DFM closed at 4284 points, a healthy 1.5% up from yesterday.

Saudi's Tadawul had a miserable day yesterday with a 2.3% fall to below 7000 points. Encouraging to see that didn't drag the DFM down for a change.

2006 Results Announcements Today

Dubai Financial Market

Emaar Properties PJSC (EMAAR) stormed away with over 1 billion dhs of trading (almost 70% of the total for DFM) and a 4% increase to 13.20. Dubai Investments PJSC (DIC) continuing its strong upwards trend with a 1.7% rise to 4.72 from 237m dhs of trading. Dubai Islamic Bank (DIB) fairly busy too with almost 100m dhs worth of deals.

Shuaa Capital PJSC (SHUAA) and National General Cooling Company PJSC (TABREED) flat, other active stocks up by less than a percent on moderate trading. Biggest rise was Commercial Bank of Dubai (CBD) from one small trade. Only three stocks fell on a trivial number of trades although National Bank of Dubai (NBD) volume was still significant. Biggest fall of 3.8% from National Cement Company.

Abu Dhabi Securities Market

ADSM out of the limelight today with a lower 121m dhs worth of trading and a slight fall of 0.5% to 3046 points. 23 stocks fell, 14 rose and 4 remained the same.

Abu Dhabi Commercial Bank (ADCB) the popular one today with over 30m dhs worth of trading and a small rise of 0.65%. Unclear why since their results were out a few days ago now. National Bank of Abu Dhabi (NBAD) looking strong also with 20m dhs worth traded and a 1.2% rise. Ras Al Khaimah Cement Company (RAKCC) and Sudan Telecom Company Ltd (SUDATEL) the only other active stocks showing a small increase. Ras Al Khaimah Properties PJSC (RAKPROP) and Abu Dhabi National Energy Company (TAQA) didn't change.

Abu Dhabi Islamic Bank (ADIB) took a bit of a hit falling 2.5%. ARKAN joining in with a 2.3% fall. Bank Of Sharjah (BOS) announced a 20% cash dividend (no sign of results as this goes out) and went down 3%. Other actively traded shares were down 0-2%.

Big rises from UAB (surprisingly after their mediocre results, but it was only 3 trades), Foodco Holdings PJSC (FOODCO) almost exactly reversing yesterday's hammering, and QCEM. Biggest falls from Commercial Bank International (CBI) (only 1 trade so it's hardly a sell-off) and NBQ.

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