Dubai and Abu Dhabi stock market report 19 February 2007
| best stock rises |
| symbol |
price |
change |
| IAIC |
2.75 |
+0.32 |
+13.2% |
| ALDAR |
4.70 |
+0.29 |
+6.6% |
| SOROUH |
2.54 |
+0.14 |
+5.8% |
| BILDCO |
3.88 |
+0.21 |
+5.7% |
| RAKWCT |
1.69 |
+0.08 |
+5% |
|
| worst stock falls |
| symbol |
price |
change |
| ASMAK |
3.16 |
-0.34 |
-9.7% |
| GGICO |
8.75 |
-0.30 |
-3.3% |
| BOS |
2.58 |
-0.09 |
-3.4% |
| NMDC |
3.50 |
-0.09 |
-2.5% |
| FOODCO |
3.90 |
-0.10 |
-2.5% |
|
| top volume |
| symbol |
value (AED) |
price |
| EMAAR | 181,419,348 | 13.30 | |
IAIC | 152,099,185 | 2.75 | |
ALDAR | 119,001,369 | 4.70 | |
DIC | 73,121,654 | 4.59 | |
SOROUH | 67,043,202 | 2.54 | |
Dubai Financial Market
DFM had a good rise of 0.75% to 4241 points today on moderate volume of 616m
dhs. Islamic
Arab Insurance Company PSC (IAIC) the star performer with a massive 12.5%
rise to 2.88 on big volume of 152m dhs worth of trading, investors appear to
be excited by ESCA's
approval of Salama's share buyback.
Other notable rises from National General Cooling Company PJSC (TABREED) up 4.1% and Aramex PJSC (ARMX) up 3.3% while the rest of the actively traded stocks rose about 0-2% with Emirates Integrated Telecommunications Company (DU) the only one to fall, by just 0.5%. Emaar Properties PJSC (EMAAR) had a relatively quiet day, up by just 0.4% from a relatively light 181m dhs worth of trading.
Abu Dhabi Securities Market
ADSM matched DFM with its 0.75% increase, closing at 2986 points and trading volume a huge 396m dhs worth, almost half of that from Al Dar Properties and Sorouh Real Estate.
Aldar Properties PJSC (ALDAR) was by far the big performer today, share price up by 6.6% to 4.70 and volume of 120m dhs. Sorouh Real Estate (SOROUH) also in the limelight with its 5.8% increase from 67m dhs worth of deals. Both companies trading heavily on news they may or will allow foreign
ownership of shares.
Other increases on decent volumes from Ras
Al Khaimah Properties PJSC (RAKPROP) up 3.6%, Abu
Dhabi National Energy Company (TAQA) up 2.7%, Aabar
Petroleum Investments Company PJSC (AABAR) up 4.6%, Abu
Dhabi National Company for Building Materials (BILDCO) up 5.7% (with unusually
high volumes),
and Dana
Gas PJSC (DANA) up 5.1%. The remainder of the actively traded shares rose
0-2% with Emirates
Telecommunications Company (ETISALAT) having a relatively quiet day and a
small increase of 0.6%.
Abu Dhabi Islamic Bank (ADIB) was the only loser of the actively traded shares - down 2.5%, although Bank Of Sharjah (BOS) was busier than normal and fell 3.4%. The big fall for ASMAK was from a single trade.
