DFM & ADSM reports

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

Tuesday, September 18, 2007

UAE markets 18 Sep 2007

UAE market news & discussions for 18 September 2007

Both UAE markets increased slightly today on improving volumes.

Emaar released news about their new Dubai CEO 0... 3 weeks after we already heard. And in the same vein of timely corporate disclosures, we get news of the AED 4.6 billion Meydan contract awarded to the Arabtec joint venture, 3 weeks after Arabtec denied the first report. The contract looks like it could be worth an extra 2 dhs on Arabtec's current share price, but the market wasn't quite so responsive.

Etisalat said they were going to reduce staff numbers in Pakistan Telecom after profits fell. Etisalat and Zain (Kuwait) have submitted their bids for Qatar's second mobile license. Zain's CEO said they were not going to overbid and so did not expect to win the license. Etisalat's Chairman said they would "compete fiercely" for the licence.

Dubai Financial Market and Abu Dhabi Securities Market index for 18 September 2007

More UAE stock market news and discussions...

best stock rises
symbol price change
NBF 4.05 +0.35 +9.5%
ADSB 3.23 +0.20 +6.6%
CBD 8.60 +0.38 +4.6%
INVESTB 3.16 +0.10 +3.3%
DEYAAR 1.87 +0.05 +2.7%
worst stock falls
symbol price change
ASMAK 5.21 -0.52 -9.1%
ADNIC 8.05 -0.45 -5.3%
FOODCO 3.77 -0.18 -4.6%
NMDC 5.10 -0.20 -3.8%
RAKBANK 7.00 -0.20 -2.8%
top volume
symbol value (AED) price
DEYAAR516,471,3361.87
AIRARABIA118,276,4391.21
DFM70,409,5213.09
EMAAR39,924,15510.60
GULFNAV37,751,0391.25

Dubai Financial Market

The DFM index closed at 4,190 an increase of 0.36% from the previous close. 455 million shares traded worth 900 million dirhams. Thirteen shares advanced and six declined.
The top traded share was DEYAAR rising 2.74% to 1.87 dirhams on turnover of 278 million shares traded.

Other shares to rise included: AIRARABIA 1.21 (1.68%), Dubai Investments PJSC (DIC) 4.44 (0.68%), Emaar Properties PJSC (EMAAR) 10.60 (0.47%)

Shares to fall included: DFM 3.09 (0.32%), Tamweel PJSC (TAMWEEL) 3.83 (0.51%) and ARABTEC 5.80 (0.34%)

GULFNAV finished steady at 1.25 on volume of 30 million shares traded.

Abu Dhabi Securities Market

The ADSM index closed at 3,429 an increase of 0.37% from the previous close. 33 million shares traded worth 140 million dirhams. Eighteen shares advanced and twelve declined.
The top traded share was ARKAN finishing steady at 1.69 dirhams on turnover of 4.5 million shares traded.

Shares to rise included: ABAR 3.65 (0.83%), Aldar Properties PJSC (ALDAR) 6.86 (0.44%), Dana Gas PJSC (DANA) 1.58 (0.64%) and UAB 7.20 (0.14%).

Shares to fall included: Abu Dhabi Commercial Bank (ADCB) 6.08 (0.65%) and NBS 2.90 (1.02%)

Oasis International Leasing Company PJSC (OILC) 1.71 finished steady on reasonable turnover.

Posted by sharewadi at 15:25

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