Dubai and Abu Dhabi stock market report 05 March 2007
| best stock rises |
| symbol |
price |
change |
| ASMAK |
4.10 |
+0.35 |
+9.3% |
| ADIB |
53.85 |
+4.30 |
+8.7% |
| IAIC |
3.07 |
+0.21 |
+7.3% |
| ARIG |
3.05 |
+0.20 |
+7% |
| NMDC |
3.74 |
+0.24 |
+6.9% |
|
| worst stock falls |
| symbol |
price |
change |
| FH |
7.21 |
-0.78 |
-9.8% |
| ADNH |
5.45 |
-0.55 |
-9.2% |
| NCTH |
4.00 |
-0.32 |
-7.4% |
| ADSB |
2.72 |
-0.15 |
-5.2% |
| OIC |
14.55 |
-0.75 |
-4.9% |
|
| top volume |
| symbol |
value (AED) |
price |
| EMAAR | 344,047,162 | 12.85 | |
IAIC | 292,731,776 | 3.07 | |
SOROUH | 93,741,813 | 2.90 | |
ADIB | 81,415,966 | 53.85 | |
DIC | 62,945,718 | 4.46 | |
Both DFM and ADSM rebounded today with ADSM volumes increasing again. New listing today for Dubai Development Company (DDC) on DFM with zero interest from investors. Not a single order in the bid or offer column. No doubt the listing of DFM shares on Thursday 07 March 2007 will be a different story.
Annual General Meetings tomorrow for Union National Bank (UNB), Commercial Bank International (CBI), NGI. DHAFRA Record Date coming up on 07 March 2007.
Dubai Financial Market
The DFMGI rose a solid 1.4% on decent enough volume of 883m dhs worth of trading. Almost all the actively traded stocks rose, Emirates Integrated Telecommunications Company (DU) the only exception with price unchanged at the end of the day.
Islamic Arab Insurance Company PSC (IAIC) Salama the outstanding performer today, rising 7.1% from a massive 293m dhs worth of deals. Emaar Properties PJSC (EMAAR) kept the top volume spot though and was up by 2.8% on 344m dhs worth of shares traded.
The best of the list of rising stocks were Amlak Finance Company (AMLAK) up 4.1%, Aramex PJSC (ARMX) up 4.7%, Dubai Investments PJSC (DIC) up 2.5%, GULFNAV up 2.5%, National General Cooling Company PJSC (TABREED) up 3%, and Union Properties PJSC (UPP) up 3.4%. Only 4 stocks fell and all on just one or two trades.
Abu Dhabi Securities Market
ADSM was up by 0.6% on healthy volume of 384m dhs worth. All the actively traded shares rose with Abu Dhabi Islamic Bank (ADIB) steaming up another 8.7% today and 81m dhs worth of shares traded. Volume no doubt restricted by shares trading at limit up price for the second day in a row, with no sellers in the queue at the close of the trading session. Expect another big day for them tomorrow.
Big rises and volumes also from Aabar Petroleum Investments Company PJSC (AABAR) up 6.1%, and Dana Gas PJSC (DANA) up 4.7%. Sorouh Real Estate (SOROUH) traded heavily but had a more moderate rise of 1.8%, similarly for Abu Dhabi National Energy Company (TAQA) up 1.9%, and Aldar Properties PJSC (ALDAR) up 0.4%. Emirates Telecommunications Company (ETISALAT) traded low volumes and price was unchanged.
No significant losers today. Big drop for Finance House PJSC (FH) was from a single trade of just 134 shares - less than 1000 dhs worth.
