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

Wednesday, February 27, 2008

UAE markets 27 Feb 2008

UAE market news & discussions for 27 February 2008

A quiet days trading on both UAE markets today. The DFM index managed to close just ahead and the ADSM index closed slightly down.
On the DFM, DIB was the standout share rising 3.78% to 12.35 dirhams with 32 million shares traded. DIB has just been named best Islamic Bank in the UAE at the Islamic Finance News Awards.

On the ADSM, ADAVIATION continued its climb rising 6.97% to 5.37 dirhams with 24 million shares traded.

The Dollar plunged to a new low against the EURO breaching the 1.50 level for the first time. It was reported that some Asian Central Banks were intervening to slow their currencies rise against the dollar.
House prices are heading higher in the UAE, due to increased construction costs, delays in supply of new dwellings and reduced borrowing costs accordig to a report by EFG- Hermes.

DFM Company announcements
ARMX: 10% share dividend proposed, AGM 25 March 2008.
AMLAK: Amlak Finance and Landmark Properties Form Strategic Alliance

ADSM Company announcements
ADIB: announces holding board meeting on 28/02/2008 at 10:00 AM to discuss buying back 10% of its shares and other issues.
TKFL: Resignation of a member of the Board of Directors of Abu Dhabi National Takaful Company
SOROUH: Sorouh announces its board of directors meeting results held on 26/02/2008
ETISALAT: proposes 35% dividend for second half of 2007 making the 2007 FY dividend 60%. The Board also proposed a one for five bonus share issue for all investors.

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

More UAE stock market news and discussions...

best stock rises
symbol price change
ARIG 4.15 +0.50 +13.7%
TKFL 6.85 +0.57 +9.1%
ADNIC 10.25 +0.85 +9%
ADAVIATION 5.37 +0.35 +7%
FBICO 3.02 +0.18 +6.3%
worst stock falls
symbol price change
NCTH 9.35 -1.00 -9.7%
DRIVE 5.17 -0.48 -8.5%
OEIHC 4.74 -0.29 -5.8%
GFH 15.10 -0.90 -5.6%
MAZAYA 12.00 -0.65 -5.1%
top volume
symbol value (AED) price
DIB405,648,65712.35
EMAAR262,203,14012.45
DFM258,690,0876.25
TAMWEEL221,428,1536.88
DEYAAR148,098,4262.64

Dubai Financial Market

The DFM index closed at 5,931 a rise of 0.07% from the previous close. 355 million shares were traded worth 1.7 billion dirhams. Ten shares advanced and fourteen declined.
The top traded shares were GULFNAV falling 1.76% to 1.67 dirhams and AIRARABIA falling 1.39% to 2.12 dirhams both on volume of 60 million shares traded.

Other shares to fall included: Emaar Properties (EMAAR) 12.45 (1.19%), DEYAAR 2.64 (1.49%) and DFM 6.25 (0.15%).

Shares to rise included: Arab Insurance Group (ARIG) 4.15 (13.69%), ARAMEX 3.20 (0.94%), Dubai Islamic Bank (DIB) 12.35 (3.78%), Tamweel (TAMWEEL) 6.88 (1.77%) and Union Properties (UPP) 4.82 (0.62%).

Abu Dhabi Securities Market

The ADSM index closed at 4,830 a fall of 0.20% from the previous close. 149 million shares were traded worth 905 million dirhams. Twenty one shares advanced and fifteen declined.
The top traded share by value was ADAVIATION, rising a further 6.97% to 5.37 dirhams on turnover of 24 million shares.

Other shares to rise included: Abu Dhabi Islamic Bank (ADIB) 62.85 (3.71%), Sorouh Real Estate (SOROUH) 10.45 (0.97%) and AGTHIA 2.10 (0.48%).

Shares to fall included: Aldar Properties (ALDAR) 11.65 (0.43%), Dana Gas (DANA) 2.44 (2.40%), Etisalat (ETISALAT) 25.10 (0.79%), First Gulf Bank (FGB) 23.00 (1.29%) and RAK Properties (RAKPROP) 2.71 (0.73%).

Blog Archive