UAE daily stock market reports for Abu Dhabi Securities Market (ADSM) and Dubai Financial Market (DFM) - RSS feed

Sunday, August 26, 2007

UAE markets 26 Aug 2007

UAE market news & discussions for 26 August 2007

Both UAE Stock Markets rose today.
The DFM index rose 3.32% to 4,285 primarily on news of EMAAR calling off the land for equity deal with Dubai Holdings. EMAAR was up 6.79% to 11.00 dirhams on volme of 77 million shares traded.
In other corporate news the DFM announced that DEYAAR will list 5 September 2007. ARTC won a 4.7 billion JV contract to build Meydan in Dubai.

The ADSM index rose 0.52% to 3,428 on steady volume.
Taking the lead from EMAAR property stocks had a good day all up more than one percent lead by ALDAR up 5.85% to 6.51 dirhams on good volumes.

Dubai Financial Market and Abu Dhabi Securities Market index for 26 August 2007

More UAE stock market news and discussions...

best stock rises
symbol price change
OEIHC 20.15 +1.80 +9.8%
EMAAR 11.00 +0.70 +6.8%
DFM 3.03 +0.17 +5.9%
ALDAR 6.51 +0.36 +5.9%
ARIG 3.28 +0.18 +5.8%
worst stock falls
symbol price change
NMDC 4.40 -0.33 -7%
ADNH 5.73 -0.14 -2.4%
CBI 2.25 -0.04 -1.7%
ADSB 3.16 -0.04 -1.3%
FGB 13.85 -0.15 -1.1%
top volume
symbol value (AED) price
EMAAR838,216,40211.00
DFM381,461,4773.03
AIRARABIA217,288,0421.25
ALDAR135,148,3136.51
OILC91,546,9111.71

Dubai Financial Market

The Dubai Financial Market index finished at 4,285 a rise of 3.32% from the previous close. 491 million shares traded worth 1.7 billion dirhams. Nineteen shares advanced and only one declined.
The top traded stock was AIRARABIA rising 0.80% to 1.25 dirhams on turnover of 174 million shares traded.

Other stocks to rise included: Amlak Finance Company (AMLAK) 3.25 (3.50%), DFM 3.03 (5.94%), Dubai Investments PJSC (DIC) 4.55 (3.40%), Emaar Properties PJSC (EMAAR) 11.00 (6.79%) and GULFNAV 1.32 (2.32%).

Only one stock declined MAZAYA falling 0.68% to 7.20 dirhams on very light volume.

Abu Dhabi Securities Market

The ADSM index finished at 3,428 a rise of 0.52% from the previous close. 156 million shares traded worth 446 million dirhams. Twenty stocks advanced and eleven declined.
Oasis International Leasing Company PJSC (OILC) was the top traded stock rising 1.18% to 1.71 dirhams on turnover of 53 million shares traded.

Other stocks to rise included: Aldar Properties PJSC (ALDAR) 6.51 (5.85%), ARKAN 1.70 (2.41%), Dana Gas PJSC (DANA) 1.64 (3.14%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.65 (2.48%) and Sorouh Real Estate (SOROUH) 4.41 (2.32%).

Stocks to decline included: Commercial Bank International (CBI) 2.25 (1.75%), Emirates Telecommunications Company (ETISALAT) 17.45 (0.29%) and NBS 3.00 (0.33%).

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