UAE market news & discussions for 11 February 2007
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Dubai and Abu Dhabi stock market report 11 February 2007
top stock rises |
symbol |
price |
change |
NBF |
4.29 |
+0.29 |
+7.3% |
AKIC |
1.79 |
+0.09 |
+5.3% |
ARKAN |
1.21 |
+0.06 |
+5.2% |
TKFL |
2.92 |
+0.14 |
+5% |
AABAR |
1.69 |
+0.07 |
+4.3% |
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top stock falls |
symbol |
price |
change |
ABNIC |
8.72 |
-0.96 |
-9.9% |
QCEM |
1.63 |
-0.17 |
-9.4% |
AMAN |
13.95 |
-1.10 |
-7.3% |
ADAVIATION |
2.03 |
-0.15 |
-6.9% |
FH |
8.09 |
-0.41 |
-4.8% |
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top volume |
symbol |
value (AED) |
price |
GULFNAV |
188,179,012 |
1.35 |
EMAAR |
91,901,347 |
13.00 |
ARKAN |
41,145,369 |
1.21 |
AMLAK |
22,277,154 |
3.76 |
TAMWEEL |
15,846,069 |
3.79 |
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Dubai Financial Market
A very low volume day on DFM today with AED 381m of trading, almost half of that was in GULFNAV shares which listed last week and today rose just 0.75%. Emaar Properties PJSC (EMAAR) was down to 92m dhs of trading - rare to see less than 100m dhs worth in one day - and a 0.4% rise to 13.00.
Amlak Finance Company (AMLAK) fell just a fil, and Aramex PJSC (ARMX) rose by a fil, so the big slide in their shares seems to have stopped. For today at least.
Biggest rise from National Bank of Dubai (NBD) continuing its ascent, up 3.3% to 11.10. Worst fall from AMAN with another day in the dumps, down by 7.4% to 13.75.
Abu Dhabi Securities Market
ADSM volume of 111m dhs today was about average, the index rose just 0.3% to 2960 points, still struggling to creep back over the 3000 level. ARKAN was by far the most active share with 41m dhs worth traded and a 5.2% rise. Followed by Abu Dhabi Commercial Bank (ADCB), the only other stock to trade more than 10m dhs worth today, rising a mere 0.5%.
Aabar Petroleum Investments Company PJSC (AABAR) had a healthy 4.3% rise to 1.69, reversing several days of unpleasant falls last week. All other actively traded stocks rose less than 1.5% except for Emirates Telecommunications Company (ETISALAT), down 0.4%, and Gulf Cement Company (GCEM), down 2.1%.
National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) had small rises on higher volumes while the stocks with the biggest movements were the relatively illiquid ones, as usual.