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

Monday, November 19, 2007

UAE markets 19 Nov 2007

UAE market news & discussions for 19 November 2007

Both UAE market indicies finished lower today on modest trading volume compared to recent trading sessions.
The DFM index finished 1.02% lower with trading led by DEYAAR closing 1.00% lower at 2.96 dirhams.
The ADSM index finished 0.29% lower with trading led by RAKPROP closing 3.10% lower.

Business news was dominated by continuing speculation about the AED/Dollar peg.
Advice is now coming from every where. Steve Forbes of Forbes 500 fame advised GCC nations to retain the peg but to go for a large one off revaluation of 20 to 25%.
In other news DP said it will increase the number of shares offered in DPW to 23%. It will now raise 4.96 billion dollars from the IPO.

Dubai Financial Market and Abu Dhabi Securities Market index for 19 November 2007

More UAE stock market news and discussions...

best stock rises
symbol price change
FBICO 2.34 +0.21 +9.9%
NBF 3.57 +0.32 +9.8%
OEIHC 29.60 +2.65 +9.8%
INVESTB 3.51 +0.12 +3.5%
FGB 20.80 +0.45 +2.2%
worst stock falls
symbol price change
MAZAYA 8.23 -1.45 -15%
RAPCO 3.69 -0.41 -10%
ADNIC 8.45 -0.85 -9.1%
TKFL 4.78 -0.38 -7.4%
FCI 5.00 -0.35 -6.5%
top volume
symbol value (AED) price
DEYAAR750,641,2872.96
DFM416,466,1096.91
EMAAR409,714,22014.05
SOROUH333,772,7816.97
ALDAR258,180,70510.75

Dubai Financial Market

The DFM index closed at 5,635 a fall of 1.02% from the previous close. 552 million shares traded worth 2.3 billion dirhams. Three shares advanced and twenty declined.
The top traded share was DEYAAR falling 1.00% to 2.96 dirhams on volume of 250 million shares.

Other shares to decline included: AIRARABIA 1.96 (1.50%), Amlak Finance (AMLAK) 4.58 (2.34%), DFM 6.91 (1.98%) GULFNAV 1.73 (1.70%) and Emaar Properties (EMAAR) 14.05 (0.70%).

Three shares rose today: Arabtec (ARTC) 8.04 (0.97%) reversing yesterdays fall, ARAMEX 3.04 (0.33%) and UNION 4.35 (0.46%).

Abu Dhabi Securities Market

The ADSM index closed at 4,229 a fall of 0.29% from the previous close. 249 million shares traded worth 1.2 billion dirhams. Thirteen shares advanced and thirty two declined.
The top traded share was RAK Properties (RAKPROP) falling 3.10% to 2.19 dirhams on volume of 51 million shares.

Other shares to decline inlcluded: Aabar Petroleum (AABAR) 4.02 (2.66%), Aldar Properties (ALDAR) 10.75 (3.15%), ARKAN 3.12 (1.89%) Dana Gas (DANA) 2.19 (2.25%) and Oasis Leasing (OILC) 2.60 (3.35%).

Shares to rise included: First Gulf Bank (FGB) 20.80 (2.21%), Sorouh Real Estate (SOROUH) 6.97 (1.47%), UAB 7.14 (0.56%) and Gulf Cement (GCEM) 6.33 (1.44%).

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