Dubai and Abu Dhabi stock market report 22 February 2007
| best stock rises |
| symbol |
price |
change |
| RAKCEC |
5.15 |
+0.29 |
+6% |
| AMAN |
14.45 |
+0.65 |
+4.7% |
| AABAR |
2.16 |
+0.09 |
+4.3% |
| SCIDC |
4.06 |
+0.14 |
+3.6% |
| AEIBANK |
1475.00 |
+45.00 |
+3.1% |
|
| worst stock falls |
| symbol |
price |
change |
| NMDC |
3.50 |
-0.30 |
-7.9% |
| AKIC |
1.90 |
-0.10 |
-5% |
| FH |
8.08 |
-0.41 |
-4.8% |
| DANA |
1.56 |
-0.07 |
-4.3% |
| BOS |
2.47 |
-0.09 |
-3.5% |
|
| top volume |
| symbol |
value (AED) |
price |
| EMAAR |
115,200,814 |
13.15 |
| DIC |
111,331,116 |
4.51 |
| UPP |
42,411,381 |
3.36 |
| AABAR |
37,386,933 |
2.16 |
| DANA |
32,819,915 |
1.56 |
|
This weeks Hot Topic on the Forum has been Stock Picks by technical analysis for Febraury 2007. A trading diary has been started where members can follow the daily stock picks and contribute ideas on trading strategies.
Dubai Financial Market
A quiet days trading to finish the week with 396 million worth of shares changing hands and the index finishing .5% down at 4226. Only 4 shares advanced and 12 declined
In many ways a positive weeks trading with the index wanting to move higher, often starting the trading day very positively only to end slightly down.
Biggest gainers on strong volumes included Union Properties PJSC (UPP) 3.36 (.91%) and Dubai Islamic Bank (DIB) 8.64 (.23%)
Biggest losers on reasonable volume included Dubai Investments PJSC (DIC) 4.51 (2.83%), National General Cooling Company PJSC (TABREED) 2.01 (1.95%), Tamweel PJSC (TAMWEEL) 4.00 (.99%).
Dubai Investments PJSC (DIC) was the stand out share with traders seemingly not happy with the propsed cash dividend of 15% and share dividend of 10%
Abu Dhabi Securities Market
Volumes are still above normal on the ADSM with 225 million worth of shares changing hands and the index finishing .6% down at 3024. 18 shares advanced and 18 shares declined.
A good weeks trading for the ADSM with volumes up and the oil and gas shares performing particularly well.
Biggest gainers on reasonable volume included Aabar Petroleum Investments Company PJSC (AABAR) 2.16 (4.35%), Sharjah Cement & Industrial Development Company (SCIDC) 4.06 (3.57) and Abu Dhabi National Energy Company (TAQA) 2.13 (2.90%).
Biggest losers included Abu Dhabi Commercial Bank (ADCB) 6.24 (.16%), Dana Gas PJSC (DANA) 1.56 (4.29%), ARKAN 1.20 (.83%)
