UAE market news & discussions for 09 August 2007DFM rose slightly with no significant movements or volumes with Air Arabia shares leveling off after a good week. ADSM also rose slightly with heavy trading in Oasis Leasing after yesterday's board meeting disclosed nothing in their statement to ADSM. Bank of Sharjah shares also shone after ShareWadi's lucky pick yesterday. |
- 09 Aug 2007 UAE finance, and stock news
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- NBD report says GCC should change exchange rate policy 08 Aug 07
- OILC Board of Directors meeting - 08 Aug 2007
- UPP - AUD engineering students complete internship - PR 08 Aug 2007
- UAE currency reform still possible says Standard Chartered - 09 Aug 07
- Middle East Insurance Review profiles UAE companies - PR 07 Aug 2007
- 2007 Q2 results for DFM and ADSM companies
- August 2007 top stock picks by Fundamental Analysis
- Stock Picks by Technical Analysis August 2007
More UAE stock market news and discussions...
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Dubai Financial Market
It was another day of slim pickings on DFM with traded value down to AED 388m and a 0.28% rise to 4286 points.
AIRARABIA shares which have made up the bulk of trading on the DFM this week, slipped to second place by value with a slight fall of 0.8% to 1.27. Emaar Properties PJSC (EMAAR) shares were at the top of the traded value list with a still thin 100m dhs worth and no change in share price at 10.85.
Dubai Investments PJSC (DIC) was the most significant gain of just 1.3%, and Arabtec Holding PJSC (ARTC) rose 1.2%. GGICO and MAZAYA rose about 3% each on very few trades.
Global Investment House (GLOBAL) fell 3.2% from just one trade. No other rises or falls of more than 1%.
Abu Dhabi Securities Market
The ADSM index rose 0.26% to 3491 from a solid 545m dhs of trading, ahead of DFM for a change, and 21 stocks rising while 10 fell and 8 were unchanged.
Bank Of Sharjah (BOS) was the surprise winner on ADSM today with a 7.4% rise to 2.80 from much higher than usual volume. Oasis International Leasing Company PJSC (OILC) however, dominated trading with AED 186m dhs worth of deals and a 2.6% rise to 1.64.
Other rises for Aldar Properties PJSC (ALDAR) up 1.5% from 100m dhs worth of trading, UNION up 4.1% from an unusually high number of trades, Ras Al Khaimah Properties PJSC (RAKPROP) up 1.9%, and Sorouh Real Estate (SOROUH) up 1.3%.
No falls of any note. AKIC dropped on just 2 trades. First Gulf Bank (FGB), Emirates Telecommunications Company (ETISALAT), and AGTHIA share price remained flat.
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