Dubai and Abu Dhabi stock market report 01 March 2007
| best stock rises |
| symbol |
price |
change |
| ADNH |
5.52 |
+0.36 |
+7% |
| QTEL |
231.00 |
+8.00 |
+3.6% |
| EBI |
13.10 |
+0.25 |
+1.9% |
| ETISALAT |
17.15 |
+0.30 |
+1.8% |
| GCEM |
4.28 |
+0.07 |
+1.7% |
|
| worst stock falls |
| symbol |
price |
change |
| OEIHC |
20.70 |
-2.30 |
-10% |
| ASMAK |
3.41 |
-0.36 |
-9.5% |
| CBI |
2.49 |
-0.21 |
-7.8% |
| TAQA |
2.18 |
-0.17 |
-7.2% |
| SOROUH |
2.84 |
-0.20 |
-6.6% |
|
| top volume |
| symbol |
value (AED) |
price |
| EMAAR |
326,359,803 |
12.65 |
| DIB |
79,883,323 |
8.61 |
| DIC |
42,643,397 |
4.41 |
| SOROUH |
39,906,151 |
2.84 |
| GULFNAV |
39,261,555 |
1.19 |
|
Despite the turmoil in world markets sparked off by the Shanghai hangover the DFM and ADSM have recorded slight falls of less than one per cent to finish the trading week. As the markets here have not enjoyed a happy 2006 it stands to reason they should be fairly robust as other markets in the world adjust.
Dubai Financial Market
The fall continues with the DFM index ending at 4,140 down .78%. 117 million shares changed hands with a total value traded of 617 million dirhams. Two stocks advanced, thirteen declined and four were unchanged.
The two stocks advancing included Emirates Bank International Group (EBI) 13.40 (1.9%) and Dubai Islamic Bank (DIB) 8.63(1.17%).
The top decliners included GULFNAV 1.19(3.25%), Aramex PJSC (ARMX) 2.13(3.18%), Tamweel PJSC (TAMWEEL) 3.81(2.8%), Amlak Finance Company (AMLAK) 3.86(2.03%), Emaar Properties PJSC (EMAAR) 12.60(1.94%).
Abu Dhabi Securities Market
The stellar run for the ADSM came to a halt today. The index closed at 3070 down .65%. 107 million shares changed hands with a total value traded of 298 million dirham. Ten stocks advanced, 23 declined and four were unchanged.
Top gainers included Emirates Telecommunications Company (ETISALAT) 17.15 (1.78%), Abu Dhabi National Company for Building Materials (BILDCO) 3.79 (1.07%) and Qatar Telecom (QTEL) 231 (3.59%) on small volumes
Top decliners included Abu Dhabi National Energy Company (TAQA) 2.18(7.23%), Sorouh Real Estate (SOROUH) 2.84(6.58%), Dana Gas PJSC (DANA) 1.52(5.59%), Aabar Petroleum Investments Company PJSC (AABAR) 2.40(5.51%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.43(4.67%), Aldar Properties PJSC (ALDAR) 4.79(2.44%). These falls were on significant volumes as well.
Most of these shares have had a good run the last couple of days and investors have taken profits at the weeks end.
