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

Wednesday, January 02, 2008

UAE markets 02 Jan 2008

UAE market news & discussions for 02 January 2008

A strong trading day today for both UAE markets to start 2008 on a bright note.
The DFM index was up 1.20% to 6,003 on trading value of 2.1 billion dirhams.
The rally was broadly based with the following shares all up on the day AMLAk 2.92%, ARAMEX 5.59%, DU 3.50%, EMAAR 2.00% and SHUAA 3.84%.
A notable exception was DEYAAR falling 1.02% on huge turnover of 229 million shares.

The ADSM index was up 1.65% to 4,627 on trading value of 2.2 billion dirhams.
RAKPROP lead the way rising 6.50% to 2.62 dirhams on turnover of 250 million shares.
Many other stocks finished the day stronger including ARKAN 3.68%, DANA 5.96% and OILC 2.63%.

In business news Borse Dubai got the green light for its investment in NASDAQ, paving the way for the rest of the transaction to proceed.

Dubai Financial Market and Abu Dhabi Securities Market index for 02 January 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
GRAND 5.30 +0.58 +12.3%
RAKPROP 2.62 +0.24 +10.1%
UAB 7.32 +0.65 +9.7%
DRIVE 6.20 +0.55 +9.7%
JULPHAR 2.60 +0.23 +9.7%
worst stock falls
symbol price change
OEIHC 34.30 -2.35 -6.4%
AWNIC 7.00 -0.48 -6.4%
TKFL 5.72 -0.35 -5.8%
ASCANA 2.33 -0.12 -4.9%
NMDC 7.82 -0.38 -4.6%
top volume
symbol value (AED) price
DEYAAR668,517,0382.89
RAKPROP657,167,0072.62
DANA385,142,4692.31
EMAAR266,868,69115.20
AMLAK253,197,6535.28

Dubai Financial Market

The DFM index closed at 6.003 today a rise of 1.20% from the previous close. 544 million shares traded worth 2.1 billion dirhams. Twenty stocks advanced and six declined.
DEYAAR was the top traded share falling 1.02% to 2.89 dirhams on volume of 229 million. AIRARABIA rose 2.03% to 2.01 dirhams on volume of 103 million shares traded.

Other shares to rise included: Amlak Finance (AMLAK) 5.28 (2.92%), ARAMEX 3.21 (5.59%), Du Telecom (DU) 7.67 (3.50%), DFM 6.31 (1.77%), Emaar Properties (EMAAR) 15.20 (2.00%), GULFNAV 1.67 (1.21%) and Shuaa Capital (SHUAA) 6.75 (3.84%).

Apart from AIRARABIA the only other share to fall on significant volume was Dubai Islamic Bank (DIB) down 0.45% to 10.95 dirhams.

Abu Dhabi Securities Market

The ADSM index closed at 4,627 today a rise of 1.65% from the previous close. 659 million shares traded worth 2.2 billion dirhams. Thirty three stocks advanced and eleven declined.
RAK Properties (RAKPROP) was the top traded share rising 6.50% to 2.62 dirhams on volume of 250 million shares. Dana Gas (DANA) rose 5.96% to 2.31 dirhams on volume of 166 million shares traded.

Other shares to rise included: Aldar Properties (ALDAR) 12.20 (0.83%), ARKAN 3.94 (3.68%), Etisalat (ETISALAT) 23.45 (1.74%), First Gulf Bank (FGB) 22.65 (2.03%), Julphar (JULPHAR) limit up to 2.60 (9.70%) and Sorouh Real Estate (SOROUH) 8.81 (1.15%).

Shares to fall included: Sharjah Cement (SCIDC) 4.96 (0.80%), National Marine Dredging (NMDC) 7.82 (4.63%), EIC 8.25 (2.25%), ADAVIATION 3.24 (3.86%) and AWNIC 7.00 (6.24%)

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