UAE market news & discussions for 27 September 2007The spotlight was on ADSM today which, unusually, saw much greater trading value than DFM. Aldar Properties returned to the top of the value traded list, no doubt helped by the news of a Warner Bros development on Yas Island which prompted a better than 1% rise. RAK Cement was the star though on trading levels well in excess of its usual daily average, and a 4% increase. |
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More UAE stock market news and discussions...
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Dubai Financial Market
The DFMGI had a small rise of 0.2% to 4231 from low turnover of AED 365m, with only 4 stocks showing a loss.
AIRARABIA was at the top of the traded value list with AED 148m dhs worth of deals and a decent 2.3% rise to 1.34. Aramex PJSC (ARMX) rose 1.2% while most of the actively traded stocks rose less than 1% or closed flat for the day including Emaar Properties PJSC (EMAAR) at 10.70 and very low turnover.
GRAND was limit down on just one trade while Arabtec Holding PJSC (ARTC) was the only actively traded stock to show a loss, of 1.1% closing at 6.18.
Abu Dhabi Securities Market
The ADSM index fell by 0.17% to 3521 points from 562m dhs of trading, despite rises on solid trading in Ras Al Khaimah Cement Company (RAKCC) up 3.9% to 2.15, Aldar Properties PJSC (ALDAR) up 1.2% to 7.47, and Oasis International Leasing Company PJSC (OILC) up 1.7%.
Other rises for Finance House PJSC (FH) up 3.2%, Commercial Bank International (CBI) up 2.6% to 2.70 again with busy turnover, Abu Dhabi Commercial Bank (ADCB) up 1.3% and AGTHIA up 1.1%.
A bad fall for NBF losing 9.8% to close at 4.41 with greater than usual turnover but still only 1.7m dhs worth. Other decreases for Qatar Telecom (QTEL) down 3.2%, UAB down 2.2%, and Dana Gas PJSC (DANA) down 1.2%. Emirates Telecommunications Company (ETISALAT) and National Bank of Abu Dhabi (NBAD) were both down 0.3%, the likely candidates for dragging the index down due to their large market caps.
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