Dubai and Abu Dhabi stock market report 21 February 2007
best stock rises |
symbol |
price |
change |
GFH |
9.77 |
+1.27 |
+14.9% |
AABAR |
2.07 |
+0.13 |
+6.7% |
DANA |
1.63 |
+0.09 |
+5.8% |
DNIR |
3.21 |
+0.14 |
+4.6% |
CBI |
2.60 |
+0.09 |
+3.6% |
|
worst stock falls |
symbol |
price |
change |
RAKCEC |
4.86 |
-0.43 |
-8.1% |
UCC |
4.17 |
-0.16 |
-3.7% |
TKFL |
2.87 |
-0.10 |
-3.4% |
ADAVIATION |
2.02 |
-0.07 |
-3.3% |
QCEM |
1.80 |
-0.05 |
-2.7% |
|
top volume |
symbol |
value (AED) |
price |
EMAAR | 228,935,479 | 13.25 |
DIC | 207,716,895 | 4.66 |
DANA | 98,842,164 | 1.63 |
IAIC | 83,131,028 | 2.86 |
ETISALAT | 66,688,354 | 15.95 | |
Dubai Financial Market
DFM had a much quieter day overall today with volume of 700m dhs only half what went through yesterday. The DFMGI index fell 0.4% to 4245 points with an even split between winning and losing stocks.
Emaar Properties PJSC (EMAAR) back on top of the volume list with 229m dhs worth of trading and a 1.1% fall to 13.20. Dubai Investments PJSC (DIC) volumes still high at 208m dhs and a fall of 2.1% the biggest of the day. Largest significant rise from Islamic Arab Insurance Company PSC (IAIC) up 1.4% and 83m dhs of trading. Big jump in GFH share price from just one trade.
Abu Dhabi Securities Market
Another big day for ADSM with 440m dhs worth of trading but the majority of
stocks falling in price and the index down 0.3% to 3027 points.
Dana Gas PJSC (DANA) the king of the Abu Dhabi stocks today rising 6% from 100m dhs worth of trading. Aabar Petroleum Investments Company PJSC (AABAR) also at the top of the tree with a 6.7% rise from 62m dhs of trading. Other rises on strong volumes from Abu Dhabi Commercial Bank (ADCB) up 0.5% from 31m dhs of trading, and Ras Al Khaimah Properties PJSC (RAKPROP) up 1.3% and 37m dhs worth of deals. First Gulf Bank (FGB), Gulf Cement Company (GCEM), and Sudan Telecom Company Ltd (SUDATEL) had rises of less than 1%.
Falls on big volumes for Sorouh Real Estate (SOROUH) down 0.75%, Aldar Properties PJSC (ALDAR) down 0.8%, ARKAN down 2.4%, and Emirates Telecommunications Company (ETISALAT) down 0.9% from 67m dhs of trading - punters seem unimpressed with the news the Etisalat
is going to borrow money for its Egyptian venture. Ras Al Khaimah Ceramics (RAKCEC) with the biggest fall from just 7 trades.