Dubai and Abu Dhabi stock market report 26 February 2007
| best stock rises |
| symbol |
price |
change |
| NBF |
4.18 |
+0.38 |
+10% |
| ASMAK |
3.80 |
+0.33 |
+9.5% |
| RAKCEC |
5.15 |
+0.25 |
+5.1% |
| SOROUH |
2.92 |
+0.13 |
+4.7% |
| NBAD |
24.95 |
+1.05 |
+4.4% |
|
| worst stock falls |
| symbol |
price |
change |
| ADSB |
2.65 |
-0.25 |
-8.6% |
| ADNH |
4.75 |
-0.34 |
-6.7% |
| NBD |
10.25 |
-0.40 |
-3.8% |
| QTEL |
223.00 |
-8.00 |
-3.5% |
| EBI |
13.55 |
-0.40 |
-2.9% |
|
| top volume |
| symbol |
value (AED) |
price |
| EMAAR | 302,353,464 | 13.00 | |
SOROUH | 166,034,457 | 2.92 | |
ALDAR | 59,321,033 | 4.97 | |
AABAR | 52,018,966 | 2.28 | |
ETISALAT | 46,823,428 | 16.45 | |
Dubai Financial Market
DFM yet again trumped by Abu Dhabi in volumes with the DFM index falling 0.7% to 4179 points and a moderate 475m dhs worth of deals done.
Overall an unexciting day with Emaar Properties PJSC (EMAAR) unchanged at 13.05 and 300m dhs worth of trading. Shuaa Capital PJSC (SHUAA) and National General Cooling Company PJSC (TABREED) the only significant stocks to rise out of a total of five, about 1% each. GGICO had the highest rise of 3.5% from just two trades.
Out of the ten losers, the active stocks fell by less than 1.5% each, except for National Bank of Dubai (NBD) with the biggest fall of the day at 3.8% from above average volume of 5.3m dhs worth.
Abu Dhabi Securities Market
ADSM volumes of 537m dhs and a decent rise of 1.8% to 3057 makes the session at DFM look very lacklustre in comparison.
Sorouh
Real Estate (SOROUH) once again was at the top of the volume list with 166m
dhs worth and a rise of 4.7%. Seems very unlikely this excitement is due to the
press release today about Sorouh
awarding a 63m Dh seawall contract to a Greek company. Several other stocks
traded
significantly
higher than usual volumes on rising prices, notably
Aabar Petroleum Investments Company PJSC (AABAR) up 3.2% and 52m dhs of trading,
Aldar Properties PJSC (ALDAR) up 2.9% and 59m dhs,
ARKAN up 2.5% and 31m dhs,
Dana Gas PJSC (DANA) up 4% and 42m dhs,
Emirates Telecommunications Company (ETISALAT) up 2.8% and 47m dhs,
First Gulf Bank (FGB) up 0.4% and 27m dhs,
National Bank of Abu Dhabi (NBAD) up 4.4% and 12m dhs,
Ras Al Khaimah White Cement Company (RAKWCT) up 4.4% and 2.3m dhs (high for them)
Ras Al Khaimah Properties PJSC (RAKPROP) up 0.7% and 19m dhs
Sudan Telecom Company Ltd (SUDATEL) up 0.3% and 10m dhs
Abu Dhabi National Energy Company (TAQA) up 1.9% and 33m dhs.
The only loser of any note was Abu Dhabi Islamic Bank (ADIB) down 0.8% on relatively moderate value of 7.5m dhs of shares traded.
