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

Monday, February 12, 2007

AABAR up, GULFNAV ARKAN busy 12 Feb 2007

UAE market news & discussions for 12 February 2007

More UAE stock market news and discussions...

 

Dubai Financial Market and Abu Dhabi Securities Market index for 12 February 2007

   

Dubai and Abu Dhabi stock market report 12 February 2007

top stock rises
symbol price change
UNION 2.05 +0.15 +7.9%
AKIC 1.91 +0.12 +6.7%
ADAVIATION 2.13 +0.10 +4.9%
AABAR 1.75 +0.05 +2.9%
GCEM 3.75 +0.08 +2.2%
top stock falls
symbol price change
NBF 4.00 -0.29 -6.8%
RAKCEC 5.34 -0.36 -6.3%
UCC 3.91 -0.25 -6%
GULFNAV 1.30 -0.06 -4.4%
ARIG 2.55 -0.11 -4.1%
top volume
symbol value (AED) price
GULFNAV 194,702,740 1.30
EMAAR 122,111,128 13.00
ARKAN 26,137,555 1.21
AABAR 23,243,242 1.75
DIC 20,147,436 4.44

 

Dubai Financial Market

The DFM index fell only 0.5% to 4146 points with low volumes of 404m dhs, half of that from trading in GULFNAV shares, but price fell a nasty 4.5%, while Emaar Properties PJSC (EMAAR) price didn't change on volumes of only 122m dhs. Not much excitement otherwise on DFM with most stocks falling slightly, only Emirates Integrated Telecommunications Company (DU) and Union Properties PJSC (UPP) out of the actively traded list rising less than 1% each.

Abu Dhabi Securities Market

ADSM barely moved with a drop of less than a point to 2959 on increased volumes of 132m dhs. Aabar Petroleum Investments Company PJSC (AABAR) with a gain of 3.6% and 23m dhs worth of trading took the limelight today. ARKAN also busy on 26m dhs worth but no change in price.

ADNIC traded 10m dhs worth at an unchanged 8.50 dhs. Extraodinary volumes for a share that rarely trades at all. First Gulf Bank (FGB) another more active than normal share (although that seems to be happening a lot now) with a 0.4% rise.

Most other actively traded shares showed small price movements of less than 1%.

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