Dubai and Abu Dhabi stock market report 06 February 2007
| top stock rises |
| symbol |
price |
change |
| UNION |
1.89 |
+0.17 |
+9.9% |
| NBQ |
4.45 |
+0.40 |
+9.9% |
| TKFL |
3.15 |
+0.18 |
+6.1% |
| RAKBANK |
8.00 |
+0.45 |
+6% |
| NBD |
10.75 |
+0.50 |
+4.9% |
|
| top stock falls |
| symbol |
price |
change |
| GFH |
9.52 |
-1.68 |
-15% |
| CBI |
2.56 |
-0.15 |
-5.5% |
| QCEM |
1.71 |
-0.09 |
-5% |
| FH |
8.55 |
-0.44 |
-4.9% |
| AMLAK |
4.05 |
-0.19 |
-4.5% |
|
| top volume |
| symbol |
value (AED) |
price |
| EMAAR | 365,925,369 | 13.05 | |
AMLAK | 76,087,448 | 4.05 | |
DIC | 69,094,605 | 4.47 | |
DIB | 18,122,973 | 8.43 | |
EBI | 16,095,003 | 14.00 | |
Dubai Financial Market
Total volume on DFM today was a moderate 632m dhs with a small rise to close at 4194 points.
Amlak Finance Company (AMLAK) goes clunk yet again. Another 4.6% drop down to 3.98 while its good friend Emaar Properties PJSC (EMAAR) stayed flat at 13.10. Aramex PJSC (ARMX) another one that is looking ill with a 3.2% fall to 2.09.
Arabtec Holding PJSC (ARTC) the best of the active stocks rising with a 1.5% increase. Dubai Investments PJSC (DIC), DIB, Shuaa Capital PJSC (SHUAA), and Union Properties PJSC (UPP) all rose less than 1%. Shuaa seemingly unaffected by the disagreement
with Trends Magazine.
The curious stock of the day has to be Emirates
Bank International Group (EBI) which made it to the top five list of stocks
traded by value today with a 4.8% increase to 14.15. Normally Emirates Bank International
rarely has even a single trade per day. National
Bank of Dubai (NBD)
was not far behind with volume of 15m dhs and also a 4.8% increase - another
stock that doesn't usually trade so frequently, but NBD's
dividend
news today seems
to have got punters excited.
Biggest fall was GFH from just one small trade.
Abu Dhabi Securities Market
ADSM saw almost all the actively traded stocks have a slight fall of less
than 1% each with the index overall closing less than a single point down from
yesterday, at 2954. Volume was relatively weak 55m dhs with Etisalat the most
heavily traded stock (just under 10m dhs worth).
Oasis International Leasing Company PJSC (OILC) was the most upbeat looking stock today with a 3% rise to 9.64 from 4m dhs of trading - more than usual. Foodco Holdings PJSC (FOODCO) and Emirates Telecommunications Company (ETISALAT) were the only other actively traded shares showing an increasing - both with less than a 1% rise. UNION's big rise came from just one trade.
ARKAN managed to get through the day without falling, for a change, closing at 1.18.
Aabar Petroleum Investments Company PJSC (AABAR) looking very weak again today with a 3% fall to 1.58 dhs. All the bigger moves were from, as usual, a handful or less of trades.
