DFM & ADSM reports

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Monday, November 12, 2007

UAE markets 12 Nov 2007

UAE market news & discussions for 12 November 2007

UAE markets broke the losing streak of the past few trading sessions today with the DFM index up by 4.61% and the ADSM index up by a more modest 0.54%.

On the DFM, no less than five shares rose by more than 8%, with the DFM rising by more than 10% to close at 6.26 dirhams on turnover of 166 million shares traded.

On the ADSM, ARKAN led the charge rising 3.03% to 3.40 dirhams on turnover of 201 million shares traded. OILC and ALDAR also gained more than 3% on high turnover of shares traded.

Business news in the UAE continues to be dominated by the Dubai Airshow.

Dubai Financial Market and Abu Dhabi Securities Market index for 12 November 2007

More UAE stock market news and discussions...

best stock rises
symbol price change
DFM 6.26 +0.59 +10.4%
DEYAAR 2.96 +0.24 +8.8%
INVESTB 3.74 +0.29 +8.4%
AIRARABIA 1.96 +0.15 +8.3%
SHUAA 6.61 +0.50 +8.2%
worst stock falls
symbol price change
OEIHC 29.70 -3.30 -10%
DIN 42.45 -2.20 -4.9%
ADSB 4.60 -0.20 -4.2%
FOODCO 4.22 -0.15 -3.4%
JULPHAR 2.12 -0.05 -2.3%
top volume
symbol value (AED) price
DEYAAR1,852,703,9162.96
DFM1,011,868,0596.26
ARKAN686,080,4093.40
AIRARABIA683,526,6061.96
ALDAR598,337,34710.45

Dubai Financial Market

The DFM index closed at 5,614 an increase of 4.61% from the previous close. 1.6 billion shares were traded worth 5.2 billion dirhams. Eighteen shares advanced and four declined.
The top traded share was DEYAAR rising 8.82% to 2.96 dirhams on turnover of 649 million shares traded. DFM was up 10.40% to 6.26 dirhams and AIRARABIA was up 8.28% to 1.96 dirhams both on heavy turnover of shares traded.

Other shares to rise included: Amlak Finance (AMLAK) 4.72 (4.88%), Dubai Investments (DIC) 5.78 (4.33%), Emaar Properties (EMAAR) 13.75 (3.38%), GULFNAV 1.74 (8.07%) and Shuaa Capital (SHUAA) 6.61 (8.18%).

Shares to fall included: Emirates NBD (ENBD) 13.05 (0.76%), ALFIRDOUS 3.00 (1.63%) and DIN 42.45 (4.92%) all on modest turnover of shares traded.

Abu Dhabi Securities Market

The ADSM index finished at 4,245 an increase of 0.54% from the previous close. 512 million shares traded worth 2 billion dirhams. Twenty eight shares advanced and nine declined.
The top traded share was ARKAN rising 3.03% to 3.40 dirhams on turnover of 201 million shares traded.

Other shares to rise included: Aabar Petroleum (AABAR) 4.13 (1.72%), Aldar Properties (ALDAR) 10.45 (3.98%), Dana Gas (DANA) 2.20 (2.80%), AGTHIA 2.23 (2.29%), Oasis Leasing (OILC) 2.68 (3.47%), RAK Properties (RAKPROP) 2.18 (2.83%) and Sorouh Real Estate (SOROUH) 6.49 (2.83%).

Shares to fall included: Julphar (JULPHAR) 2.12 (2.30%), Abu Dhabi ShipBuilding (ADSB) 4.60 (4.17%), Etisalat (ETISALAT) 20.90 (0.95%) and Commercial Bank International (CBI) 2.76 (0.72%) all on modest volumes of shares traded.

Posted by sharewadi at 15:04

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