DFM & ADSM reports

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Sunday, September 16, 2007

UAE markets 16 Sep 2007

UAE market news & discussions for 16 September 2007

An extremly lacklustre days trading on both UAE markets today with both indicies finishing down on very small volume.

IAIC (Salama) bought back a small number of shares on Thursday. DFM reported that net foreign and institutional buying was positive last week which sounds encouraging even though the markets continue to flop about and go nowhere so far this month. Union Properties CEO said in an interview they were going to borrow another AED 3-4 billion for more projects. Emaar's Burj Dubai continues in the opposite direction to Emaar shares and is now the tallest free-standing building in the world.

The head of Borse Dubai said an IPO was planned at some point. And continuing the OMX bid story, it now seems to be the turn of HSBC to fall under the spotlight with The Observer reporting that Sweden's financial regulators are investigating HSBC's bookbuilding of OMX shares.

Dubai Financial Market and Abu Dhabi Securities Market index for 16 September 2007

More UAE stock market news and discussions...

best stock rises
symbol price change
GLOBAL 11.60 +1.10 +10.5%
NMDC 5.06 +0.29 +6.1%
FH 6.99 +0.39 +5.9%
NBAD 19.00 +0.45 +2.4%
GGICO 7.80 +0.15 +2%
worst stock falls
symbol price change
ASMAK 5.21 -0.38 -6.8%
UNION 1.80 -0.11 -5.8%
CBD 8.22 -0.43 -5%
NCC 10.15 -0.50 -4.7%
AMAN 23.00 -0.60 -2.5%
top volume
symbol value (AED) price
DEYAAR72,267,3291.79
EMAAR45,407,01210.50
UAB40,271,1907.19
DFM32,950,6673.07
DIC26,413,8254.38

Dubai Financial Market

The DFM index closed at 4,162 a fall of 0.67% from the previous close. 94 million shares traded worth 279 million dirhams. Six shares advanced and fifteen declined.
The top traded share was DFM falling 0.64% to 3.07 dirhams on volume of 10.6 million shares traded.

Other shares to fall included: Amlak Finance Company (AMLAK) 3.14 (0.31%), DEYAAR 1.79 (0.55%), Emaar Properties PJSC (EMAAR)10.50 (0.94%) and GULFNAV 1.24 (0.80%).

Shares to rise included: Dubai Investments PJSC (DIC) 4.38 (0.45%), National General Cooling Company PJSC (TABREED) 2.44 (0.82%) and Tamweel PJSC (TAMWEEL) 3.84 (0.26%).

Abu Dhabi Securities Market

The ADSM index closed at 3,413 a fall of 0.01% from the previous close. 29 million shares traded worth 133 million dirhams. Thirteen shares advanced and twenty declined.
UAB was the top traded share rising 0.56% to 7.14 dirhams on volume of 5.6 million shares traded.

Other shares to rise included: Invest Bank (INVESTB) 3.19 (2.90%), Gulf Cement Company (GCEM) 6.50 (0.31%), ABAR 3.62 (0.28%).

Shares to fall included: ARKAN 1.69 (0.59%), Oasis International Leasing Company PJSC (OILC) 1.70 (0.58%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.57 (1.26%) and Abu Dhabi National Energy Company (TAQA) 2.71 (2.52%).

Posted by sharewadi at 15:37

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