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

Sunday, January 27, 2008

UAE markets 27 Jan 2008

UAE market news & discussions for 27 January 2008

Both UAE markets rose today in a positive start to the trading week. The DFM index was up 1.19% and the ADSM index rose by over 2% largely on the back of a 5% rise in ETISALAT.

The top traded share on DFM was itself rising by 3.63% to 5.42 dirhams.
The top traded share on ADSM was DANA rising 3.96% to 2.36 dirhams on volume of 84 million shares.

Business News:
According to reports in the Al Bayan newspaper UAE public offerings could hit $3.5 billion before July 2008. However, no source of the information were cited. This does not included the Emirates Airline IPO which Emirates management are now comfortable with contary to earlier reports.
Subprime comes to the UAE: The Middle East Economic Digest (MEED) report that UAE Banks will announce losses from exposure to sub prime mortgages when reporting fourth quarter earnings.
TAMWEEL has submitted an application to list its £300 million exchangeable sukuk on the DIFX.
According to the Abu Dhabi Chamber of Commerce and Industry rent caps ae not enough to control inflation in the UAE and a more complete package of measures are required.
Union National Bank has denied rumours that it is discussing a merger with First Gulf Bank. As Sir Humphrey might say never believe anything untill it is officially denied.

Dubai Financial Market and Abu Dhabi Securities Market index for 27 January 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
CBI 3.45 +0.21 +6.5%
DU 5.92 +0.31 +5.5%
JULPHAR 2.51 +0.13 +5.5%
UCC 4.34 +0.22 +5.3%
ETISALAT 24.50 +1.20 +5.2%
worst stock falls
symbol price change
FBICO 3.78 -0.42 -10%
NBF 4.71 -0.52 -9.9%
NCTH 8.50 -0.48 -5.3%
QTEL 250.40 -11.50 -4.4%
OEIHC 36.65 -1.15 -3%
top volume
symbol value (AED) price
DFM605,585,3935.42
EMAAR533,924,72813.05
ARKAN253,006,5473.73
DANA198,872,6442.36
DEYAAR169,368,4772.64

Dubai Financial Market

the DFM index closed at 5,668 today a rise of 1.19% from the previous close. 385 million shares were traded worth 1.9 billion dirhams. Twenty one shares advanced and two declined.
The top traded share was DFM, rising 3.63% to 5.42 dirhams on volume 112 million shares.

Other shares to rise included: AIRARABIA 2.00 (1.52%), ARABTEC 11.00 (2.80%), DEYAAR 2.64 (1.14%) and Emaar Properties (EMAAR) 13.05 (0.38%).

Union Properties (UPP) was the only share to fall on significant volume declining 0.21% to 4.59 dirhams.

Abu Dhabi Securities Market

The ADSM index closed at 4,683 today a rise of 2.22% from the previous close. 296 million shares were traded worth 1.2 billion dirhams. Twenty six shares advanced and ten declined.
The top traded share was Dana Gas (DANA) rising 3.96% to 2.36 dirhams on volume of 84 million shares.

Other shares to rise included: Aldar Properties (ALDAR) 10.45 (1.95%), ARKAN 3.73 (1.36%), RAK Properties (RAKPROP) 2.61 (1.16%), Etisalat (ETISALAT) 24.50 (5.15%) and Sorouh Real Estate (SOROUH) 8.37 (4.23%).

Shares to fall included: NBF 4.71 (9.94%), NBS 4.18 (0.95%) and UAB 7.23 (0.28%).

Blog Archive