DFM & ADSM reports

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Tuesday, March 27, 2007

DFM and ADSM fall on low volume 27 Mar 2007

UAE markets Tuesday 27 March 2007

One answer to the question of why the UAE markets are still in the doldrums may be the UAE's poor rating on a worldwide Investor Protection Index that the DFSA CEO was talking about yesterday. Perhaps India will come to the rescue - an MoU was signed between the UAE and Indian regulatory authorities. There are problems with the stock market listing for Emaar-Misr in Egypt. Shuaa Capital gives a sort of profit warning and makes no comment when asked if there's a takeover possibility. And finally (in both senses of the word), Tabreed announces its AGM for 19 April 2007.

Shares ex-dividend tomorrow could be ARIG, JULPHAR, NBD, DNIR, EIB. Last trading day tomorrow for dividend entitlement could be ADNIC. AGMs tomorrow for AHI, AMAN, GCEM, RAKWCT, UNION. Do not act on this information before confirming it first with the market.

Dubai Financial Market and Abu Dhabi Securities Market index for 27 March 2007

UAE market news & discussions for 27 March 2007

More UAE stock market news and discussions..

Dubai and Abu Dhabi stock market report 27 March 2007

best stock rises
symbol price change
ASMAK 4.95 +0.45 +10%
RAKBANK 6.24 +0.54 +9.5%
MAZAYA 7.44 +0.61 +8.9%
CBI 2.70 +0.16 +6.3%
JULPHAR 1.86 +0.09 +5.1%
worst stock falls
symbol price change
FCI 4.05 -0.44 -9.8%
OEIHC 16.80 -1.60 -8.7%
SCIDC 3.34 -0.23 -6.4%
EBI 9.54 -0.48 -4.8%
ADNIC 8.09 -0.41 -4.8%
top volume
symbol value (AED) price
EMAAR 154,789,164 10.75
DFM 38,940,482 2.08
ALDAR 38,327,554 4.16
DIB 34,679,389 6.17
AMLAK 15,835,043 3.12

Dubai Financial Market

A wobbly day for the DFMGI, which ended up falling by 0.3% to 3690. Traded volumes were relatively low at just 324m dhs, just under half of that from trading in Emaar shares which dipped slightly by 0.5% to 10.75.

Only two small rises on any material volumes, Dubai Investments PJSC (DIC) up 0.5% to 4.19 and Dubai Islamic Bank (DIB) up 0.8% to 6.20. MAZAYA and Commercial Bank of Dubai (CBD) had big pops but from just three deals in total.

GULFNAV, Shuaa Capital PJSC (SHUAA), Union Properties PJSC (UPP), National General Cooling Company PJSC (TABREED) and Islamic Arab Insurance Company PSC (IAIC) were unchanged. Amlak Finance Company (AMLAK), Tamweel PJSC (TAMWEEL), Arabtec Holding PJSC (ARTC), Aramex PJSC (ARMX), Emirates Integrated Telecommunications Company (DU), DFM and National Bank of Dubai (NBD) all fell less than 1%. AMAN the most significant loser today with a 1.7% fall to 17.60 from 10.6m dhs of trading.

Abu Dhabi Securities Market

A little more depressing at ADSM with a 0.8% fall to 2909. Volumes subdued but not that low, total traded value was 124m dhs.

Big trading again for Aldar Properties PJSC (ALDAR) - almost half the total value for ADSM, and a 1.7% fall to 4.16. Second most heavily traded share was Abu Dhabi Commercial Bank (ADCB) going ex-dividend today, its 3.7% fall less than expected considering the dividend yield was about 5%.

Other falls on tangible volumes were 4.8% for ADNIC, 1.3% for First Gulf Bank (FGB) and Gulf Cement Company (GCEM), 1.8% for National Bank of Abu Dhabi (NBAD), 1.6% for Ras Al Khaimah Cement Company (RAKCC), and a rather disagreeable 6.4% for Sharjah Cement & Industrial Development Company (SCIDC). Other falls were on trivial volumes or less than 1% for the more active stocks.

There were few rises of any note. The only two with traded value over 1m dhs and greater than 1% rises were NBS (or SIB) up 1.5% and Gulf Pharmaceutical Industries (JULPHAR) up 1.7%. ARKAN, Sorouh Real Estate (SOROUH), Sudan Telecom Company Ltd (SUDATEL) and Union National Bank (UNB) all rose less than 1%.

AGMs and EGMs (E&OE) this week

Dividend Record Dates - last trading day (LTD) two days before Record Date (E&OE)

Posted by sharewadi at 17:08

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