Dubai and Abu Dhabi stock market report 15 March 2007
| best stock rises |
| symbol |
price |
change |
| NRE |
8.50 |
+0.83 |
+10.8% |
| DFM |
2.02 |
+0.15 |
+8% |
| AGTHIA |
1.17 |
+0.07 |
+6.4% |
| FOODCO |
3.66 |
+0.21 |
+6.1% |
| ARIG |
3.00 |
+0.15 |
+5.3% |
|
| worst stock falls |
| symbol |
price |
change |
| GLOBAL |
9.00 |
-0.67 |
-6.9% |
| OEIHC |
17.95 |
-1.05 |
-5.5% |
| AMAN |
17.50 |
-0.95 |
-5.1% |
| RAKCEC |
4.90 |
-0.25 |
-4.9% |
| CBD |
6.60 |
-0.30 |
-4.3% |
|
| top volume |
| symbol |
value (AED) |
price |
| EMAAR | 211,531,253 | 11.85 | |
DFM | 206,717,021 | 2.02 | |
ALDAR | 52,057,136 | 4.05 | |
SHUAA | 33,020,585 | 4.78 | |
DIB | 29,921,617 | 7.07 | |
Dubai Financial Market
The DFMGI continued to fall today, dropping by 0.4% to 3945 points on moderate volume of 597m dhs worth of shares traded. Emaar Properties PJSC (EMAAR) price was unchanged at 11.80 on trading of 212m dhs.
Biggest rise for DFM shares which rebounded by a healthy 7.7% to 2.11 dhs per share from a sizeable 207m dhs of trades. Other rises for Amlak Finance Company (AMLAK) up 1.4%, Dubai Islamic Bank (DIB) up 0.9%, and Arabtec Holding PJSC (ARTC) up 0.6%.
Shuaa Capital PJSC (SHUAA) shares rose 6% in early trading with about 2 million shares changing hands in the first 10 minutes but then trickled back to close at 4.60 dhs - unchanged from yesterday's big jump when Shuaa bought back 3 million of its own shares.
Biggest fall of note was 5.4% for AMAN, down to 16.75 after a couple of days of big increases. Emirates Integrated Telecommunications Company (DU) fell 2.4% to 5.40 after its Annual General Meeting yesterday. Other actively traded shares fell less than 1%.
Abu Dhabi Securities Market
ADSM index barely scraped back up over the 3000 points level - closing at 3000.44 after a mere 0.06% rise. Trading volume of 203m dhs worth was decent enough, with 17 stocks up, 12 stocks down and 9 unchanged.
AGTHIA went limit up to 1.21 just before the end of trading with no sellers but a huge queue of buyers with a solid 11m dhs worth of trades changing hands during the session. Aldar Properties PJSC (ALDAR) bounced back by 4.9% to 4.05 on good volume of 52m dhs worth. News of approval for foreign ownership of Aldar shares was released today. Other notable rises for Aabar Petroleum Investments Company PJSC (AABAR) up 3.7% and Ras Al Khaimah Properties PJSC (RAKPROP) up 2.3%. First Gulf Bank (FGB) saw some big deals go through but price remained flat at 12.20.
Emirates Telecommunications Company (ETISALAT) was down 0.6% to 16.80 on thin trading, Abu Dhabi Commercial Bank (ADCB) down 0.8%, Gulf Cement Company (GCEM) down 1.3%, Ras Al Khaimah Cement Company (RAKCC) down 1.6%, and Union National Bank (UNB) down 0.7%. Otherwise no major falls apart from a couple of stocks on insignificant volumes.
