DFM & ADSM reports

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

Monday, March 31, 2008

UAE markets 31 Mar 2008

UAE market news & discussions for 31 March 2008

A day of mixed fortunes on UAE markets with the DFM index turning around sharply at midday and finishing 1.96% higher. The ADSM index fell all day closing 1.00% down.

The top traded shares on DFM were AIRARABIA rising 2.76% and DFM also rising by 3.65%. TABREED was the top gainer rising by more than 8% to close at 2.40 dirhams.

The top traded share on ADSM was WAHA rising by 0.92% to 2.20 dirhams on 39 million shares traded.

In a boost to the DIFX, Future Pipe Industries is to list 35% of the company on the exchange.

DFM Company Announcements
DRC: Discloses its audited consolidated financial statements for the year ended 31/12/2007
GGICO: Gulf General Investment Company: Announces the resolutions of its AGM & EGM held on 30/03/2008
GULFNAV: Gulf Navigation: Announces the resolutions of its AGM held on 30/03/2008 and deferred its EGM to be held on 30/04/2008 for the lack of quorum.

ADSM Company Announcements
ADNIC: Result of Abu Dhabi National Insurance AGM
RAKPROP: Founders of RAK Properties to trade their shares starting from April 1, 2008
ADCB: Tp propose issuing a Dh 4.8 bn Convertible bond to boost shareholder equity and take advantage of a surge in demend for loans.

Dubai Financial Market and Abu Dhabi Securities Market index for 31 March 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
ASMAK 7.43 +0.67 +9.9%
FH 10.05 +0.80 +8.6%
TABREED 2.40 +0.19 +8.6%
OILC 2.20 +0.17 +8.4%
INVESTB 3.65 +0.25 +7.4%
worst stock falls
symbol price change
ARIG 3.39 -0.59 -14.8%
NMDC 10.35 -1.00 -8.8%
GLOBAL 12.85 -1.10 -7.9%
TAQA 3.12 -0.19 -5.7%
ADIB 6.36 -0.27 -4.1%
top volume
symbol value (AED) price
EMAAR350,593,80310.95
DFM254,111,8455.10
SOROUH179,922,0768.31
ARKAN123,114,7194.02
AIRARABIA104,802,4121.86

Dubai Financial Market

The DFM index closed at 5,351 a rise of 1.96% from the previous close. 285 million shares were traded worth 1.2 billion dirhams. Twenty four shares advanced and four declined.
The top traded share was AIRARABIA rising 2.76% to 1.86 dirhams on 57 million shares traded.

Other shares to rise included: Amlak Finance (AMLAK) 4.24 (4.69%), DEYAAR 2.33 (1.74%), DFM 5.10 (3.65%) and Emaar Properties (EMAAR) 10.95 (0.92%).

Shares to fall included: Du Telecom (DU) 5.45 (0.73%) and ARAMEX 2.67 (1.11%).

Abu Dhabi Securities Market

The ADSM index closed at 4,556 a fall of 1.00% from the previous close. 192 million shares were traded worth 800 million dirhams. Ten shares advanced and twenty six declined.
The top traded share was WAHA rising 0.92% to 2.20 dirhams on 39 million shares traded.

Other shares to rise included: Sorouh Real Estate (SOROUH) 8.31 (2.09%) and Dana Gas (DANA) 2.04 (0.49%).

Shares to fall included: Aabar Petroleum (AABAR) 3.15 (1.88%), Abu Dhabi Islamic Bank (ADIB) 6.36 (4.07%), ARKAN 4.02 (0.50%), RAK Properties (RAKPROP) 2.04 (4.23%) and Etisalat (ETISALAT) 23.75 (1.66%).

Posted by sharewadi at 16:28

UAE markets 30 Mar 2008

UAE market news & discussions for 30 March 2008

Apologies for the late report. It wasn't only the markets that were down yesterday, I couldn't get an internet connection either. Sharepunter is sending out today's report and is hopefully on a more reliable network than me this week.

Not a great day yesterday, to say the least, with DFM crashing by almost 3%, and increased turnover not a good sign. However, it does mean that some stocks are approaching prices which are beginning to look attractive.

For AGM and dividend dates, see the sharewadi calendar. Latest DubaiShareTalk posts are:

Dubai Financial Market and Abu Dhabi Securities Market index for 30 March 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
ARIG 3.98 +0.41 +11.5%
GLOBAL 13.95 +1.20 +9.4%
AKIC 2.37 +0.20 +9.2%
NMDC 11.35 +0.80 +7.6%
DRIVE 6.98 +0.33 +5%
worst stock falls
symbol price change
INVESTB 3.40 -0.36 -9.6%
FH 9.25 -0.85 -8.4%
DFM 4.92 -0.35 -6.6%
RAKPROP 2.13 -0.15 -6.6%
OILC 2.18 -0.14 -6%
top volume
symbol value (AED) price
SOROUH427,267,7818.14
EMAAR255,513,64310.85
DFM215,359,8134.92
ARKAN150,926,3184.04
DIB103,227,6999.15

Dubai Financial Market

The DFM plunged 2.9% to 5249 points with turnover just over AED 1 billion. As usual, Emaar Properties (EMAAR) and DFM shares took the top two spots on the traded value charts, with Dfm also trading the highest number of shares, but having the less impressive honour of suffering the worst fall (of 6.6% to 4.92), except for the newly listed Al Salam Bank of Bahrain. Emaar was down by 3.6% to 10.85.

Global Investment House (GLOBAL) was the only stock with a rise worth noting - up a hefty 9.4% from greater than usual turnover. The impressive gain for Arab Insurance Group (ARIG) came froom a single trade worth only 400 dhs. The other gainers rose on thin turnover.

All the more actively traded stocks fell today. Apart from the 2 already mentioned, other standout falls for Tabreed (TABREED) down by 5.15% to 2.21, Amlak Finance (AMLAK) down by 4.7% to 4.05, Union Properties (UPP) down 4.55%, Islamic Arab Insurance (IAIC) down 4.1%, and most of the remainder falling between 2-4%.

Abu Dhabi Securities Market

The ADSM index suffered a less unpleasant fall of 1.3% to close at 4603, although turnover was approaching DFM levels at AED 836m. Half of that came from trading in Sorouh Real Estate (SOROUH), which suffered one of the worst falls at 5.6% to 8.07.

The only gainers of note were AKIC, up an impressive 9.2% to 2.37, and ARKAN, rising 1.8% to 4.05. Other rises were less than 1% or on low turnover.

RAK Properties (RAKPROP) suffered the worst fall out of the more actively traded stocks, dropping by 6.6% to 2.08. Oasis Leasing (OILC) fell by 5.2% to 2.16, and the remainder fell less than 3% or on thin trading. Etisalat (ETISALAT) was down by 1.4% to 24.00.

Posted by sharewadi at 08:42

Thursday, March 27, 2008

UAE markets 27 Mar 2008

UAE market news & discussions for 27 March 2008

A slow days trading on UAE markets today characterised by low volumes and both indicies falling, DFM by 1.02% and ADSM by 0.24%.
The top traded share on DFM was AIRARABIA falling 0.53% to 1.86 dirham on 28 million shares traded.
The top traded share on ADSM was ARKAN rising 4.47% to 3.97 dirhams on 47 million shares traded.

DFM Company Announcements:
AHI: Arab Heavy Industries announces the resolutions of its AGM meeting held on 26/03/2008
DIC: Dubai Investments: Signs partnership agreement with Gaussin SA, France
EMAAR: Today, 27/03/2008 is the Ex-dividend date for Emaar Properties shares.
GLOBAL: Global Investment House announces the resolutions of its AGM & EGM held on 26/03/2008.

ADSM Company Announcements:
AABAR: Aabar Petroleum Investments Company discloses financial statements for the year ended 2007
ADAVIATION: Abu Dhabi Aviations urgent board meeting at 11:00am on 27th of march 2008
ARKAN: Arkan Building Materials annouces results of AGM held on 26th march 2008
SOROUH:Sorouh Real Estate strikes strategic alliance with MGM and RUBICON

More infomation see Sharewadi Calendar

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

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best stock rises
symbol price change
NMDC 10.45 +0.92 +9.7%
FOODCO 4.67 +0.41 +9.6%
FH 10.10 +0.84 +9.1%
AKIC 2.17 +0.18 +9%
NBF 5.00 +0.41 +8.9%
worst stock falls
symbol price change
QCEM 2.61 -0.24 -8.4%
OEIHC 5.60 -0.44 -7.3%
QTEL 206.30 -14.30 -6.5%
GRAND 3.93 -0.27 -6.4%
CBI 2.93 -0.17 -5.5%
top volume
symbol value (AED) price
EMAAR206,096,43511.25
ADNH200,578,12210.00
ARKAN187,875,6563.97
SOROUH153,331,5498.61
DFM110,628,7495.27

Dubai Financial Market

The DFM index closed at 5,404 a loss of 1.02% from the previous close. Eight stocks advanced and seventeen declined. 137 million shares were traded worth 644 million dirhams.
The top traded share was AIRARABIA falling 0.53% to 1.86 dirhams on 28 million shares traded.

Other shares to fall included: DEYAAR 2.33 (1.27%), DFM 5.27 (3.12%) and Emaar Properties (EMAAR) 11.25 (2.17%).

Shares to rise included: GULFNAV 1.56 (0.64%), Arabtec (ARTC) 12.05 (3.43%) and SALAM-BAH 2.80 (2.94%).

Abu Dhabi Securities Market

The ADSM index closed at 4,665 a loss of 0.24% from the previous close. Sixteen stocks advanced and Eighteen declined. 145 million shares were traded worth 784 million dirhams.
The top traded share was ARKAN rising 4.47% to 3.97 dirhams on 47 million shares traded.

Other shares to rise included: ADNH 10.00 (2.04%) and Abu Dhabi National Energy (TAQA) 3.33 (1.52%).

Shares to fall included: Aabar Petroleum (AABAR) 3.26 (0.31%), Dana Gas (DANA) 2.09 (0.48%), RAK Properties (RAKPROP) 2.28 (0.44%) and Sorouh Real Estate (SOROUH) 8.61 (4.97%).

Posted by sharewadi at 15:12

Wednesday, March 26, 2008

UAE markets 26 Mar 2008

UAE market news & discussions for 26 March 2008

Different directions on UAE markets today with the DFM index falling by 0.13% and the ADSM index up 1.54%. A little over a billion worth of shares were traded on the DFM and a modest 528 million worth on the ADSM.
On the DFM, SALAM Bank of Bahrain listed closing 14.76% up at 2.72 dirhams.
On the ADSM, ADCB lifted 3.23% to 6.72 dirhams on 11.8 million shares traded.

DFM Company Announcements:
ALMADINA: Discloses its preliminary financial results for 2007
AHI: AGM of Arab Heavy Industries is being held today, 26/03/2008.
ARMX: Deferment of AGM to 2/04/2008 for lack of quorum
ARTC: Wins a contract from Shaikh Holdings
DFM: Approves 10% dividend.
EMAAR: Today 26/03/2008, is the last trading date for entitlement to Emaar distributions.

ADSM Company Announcements
ALDAR: Aldar Properties board meeting approved to issue 8,064,514 shares through convertible Sukuk.
ALDAR: Aldar Properties support Abu Dhabi's 2030 Plan with Developments Show cased at World Property Market MIPIM

For more information see the Sharewadi Calendar

Dubai Financial Market and Abu Dhabi Securities Market index for 26 March 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
GFH 15.00 +1.90 +14.5%
FCI 6.93 +0.63 +10%
NBQ 5.66 +0.51 +9.9%
OEIHC 6.04 +0.52 +9.4%
AKIC 1.99 +0.17 +9.3%
worst stock falls
symbol price change
ARIG 3.57 -0.41 -10.3%
QTEL 220.60 -24.40 -10%
FH 9.26 -0.94 -9.2%
DRIVE 6.35 -0.51 -7.4%
FOODCO 4.26 -0.30 -6.6%
top volume
symbol value (AED) price
EMAAR305,151,03511.50
UPP145,195,4204.46
DFM145,056,3575.44
DIB115,955,6599.55
AIRARABIA112,420,4461.87

Dubai Financial Market

The DFM index closed at 5,460 a fall of 0.13% from the previous close. 264 million shares were traded worth 1.1 billion dirhams. Twelve shares advanced and fifteen declined.
The top traded share was AIRARABIA falling 2.09% to 1.87 dirhams with 59 million shares traded.

Other shares to fall included: DEYAAR 2.36 (2.07%), DFM 5.44 (1.09%) and Dubai Islamic Bank (DIB) 9.55 (1.54%).

Shares to rise included: SALAM-BAH 2.72 (14.76%), Arabtec (ARTC) 11.65 (1.74%), Commercial Bank of Dubai (CBD) 9.29 (4.97%), Emaar Properties (EMAAR) 11.50 (0.87%), Union Properties (UPP) 4.46 (7.46%) and Tabreed (TABREED) 2.35 (0.85%).

Abu Dhabi Securities Market

The ADSM index closed at 4,676 a rise of 1.54% from the previous close. 79 million shares were traded worth 528 million dirhams. Twenty nine shares advanced and ten declined.
The top traded share was Abu Dhabi Commercial Bank (ADCB) rising 3.23% to 6.72 dirhams with 11.8 million shares traded.

Other shares to rise included: ADNH 9.80 (2.73%), Aldar Properties (ALDAR) 10.55 (2.93%), Aabar Petroleum (AABAR) 3.27 (0.31%), Dana Gas (DANA) 2.10 (1.45%) and Etisalat (ETISALAT) 24.65 (1.02%).

Shares to fall included: Sorouh Real Estate (SOROUH) 9.06 (0.33%), ADNIC 9.80 (1.01%) and ADAVIATION 5.13 (3.21%).

Posted by sharewadi at 15:38

Tuesday, March 25, 2008

UAE markets 25 Mar 2008

UAE market news & discussions for 25 March 2008

After a wobbly start, the DFM finally surged ahead in late trading today. The ADSM took off a little earlier and peaked in the first hour but remained reasonably steady after that. Both indexes ended the day ahead with Dubai Islamic Bank dragging the Dubai market up, and Etisalat doing the same in Abu Dhabi.

  • Arabtec shareholders approved a 50% cash dividend in the AGM yesterday. The Arabtec CEO also said he expected revenues to grow by 40% in 2008.
  • Etisalat shareholders approved a 20% share dividend and 35% cash dividend (to be added to the 25% cash dividend for 2007 H1) in their AGM yesterday. The foreign ownership issue was also raised, it continues to be under review by the relevant authorities, which is what's been said for about 2 years now.
  • TNI issued a report update for Tabreed shares, rating them as undervalued.
  • Al Salam Bank (Bahrain) lists on the DFM tomorrow.
  • Tomorrow is also the last trading day for Sorouh shares to be eligible for dividends
  • Arakan Building Materials has their AGM tomorrow - a 10% cash dividend is proposed.
  • See the ShareWadi calendar for more AGM and dividend dates tomorrow.

Latest updates on DubaiShareTalk...

Dubai Financial Market and Abu Dhabi Securities Market index for 25 March 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
AKIC 1.82 +0.11 +6.4%
ASMAK 7.40 +0.41 +5.9%
DEYAAR 2.41 +0.13 +5.7%
DRIVE 6.86 +0.36 +5.5%
DIB 9.70 +0.48 +5.2%
worst stock falls
symbol price change
GMPC 7.65 -0.85 -10%
NMDC 9.91 -1.09 -9.9%
FCI 6.30 -0.57 -8.3%
OEIHC 5.52 -0.43 -7.2%
UNION 3.20 -0.24 -7%
top volume
symbol value (AED) price
EMAAR210,463,47611.40
AIRARABIA208,950,0561.91
DFM203,424,0815.50
DIC155,944,8885.30
DIB147,539,6439.70

Dubai Financial Market

The DFMGI ended the day at 5468 points, a rise of 1.27%, and turnover was a more healthy looking AED 1.4 billion. Emaar Properties (EMAAR), AIRARABIA, and DFM all saw turnover of about AED 200 million with Air Arabia rising a decent 3.2% to 1.91, while Emaar was up 1.3% to 11.40.

Top gainers were DEYAAR up 5.7% to 2.41, Dubai Islamic Bank (DIB) up 5.2% to 9.70, and GULFNAV up 4% to 1.57. Arabtec (ARTC) was up 2.7%, Tamweel (TAMWEEL) up 2.6% and the remaining gainers were up by less than 2% or on thin trading.

Only Dubai Investments (DIC) stood out in the loser's list with a 1.85% fall to 5.30. The other 7 stocks to fall were down by less than 1% or on turnover of less than AED 1 million.

Abu Dhabi Securities Market

The ADSM index was up 0.73% to 4606 points with turnover also looking better at AED 618m. Aldar Properties (ALDAR) and Sorouh Real Estate (SOROUH) topped the traded value list with more than AED 100m dhs worth for each of them. Aldar rose 1.5% but Sorouh fell an alarming 4.1%, perhaps on news of a Sukuk issue. Tomorrow is the last trading day to buy Sorouh shares and still be eligible for dividends.

AKIC topped the gainers list with a 6.4% rise to 1.88 and unusually high turnover for them. ASMAK also saw a bit more activity than usual and a 5.9% gain to 6.50. Etisalat (ETISALAT) had a solid 3.8% increase to 24.25 and relatively heavy trading. Abu Dhabi Commercial Bank (ADCB) rose 2.2% to 6.52 and the remaining gainers rose less than 2% or on low trading volumes.

FCI stood out in the losers list with an 8.3% plummet to 6.30 from only 2 trades but AED 3.2m of turnover. NBS was next in the list on greater than AED 1m of turnover, with a 4.45% fall to 2.37. Aabar Petroleum (AABAR) had yet another down day, ending at 3.31 after a 3.3% fall. AGTHIA dropped by 2.6% and the remaining losers fell less than 2% or on light turnover.

Posted by sharewadi at 16:26

Monday, March 24, 2008

UAE markets 24 Mar 2008

UAE market news & discussions for 24 March 2008

The sellers dominated UAE markets today with the DFM index down by over 2.5 per cent and the ADSM index down over 1.5 per cent. Losses were felt across the board however volumes traded were low.

On the DFM, AIRARABIA, ARTC, DEYAAR, DFM and DIC all lost more than 3 per cent. TABREED ended down 7.84%.

On the ADSM, realestate stocks were the worst performers with ALDAR, SOROUH and RAKPROP all down more than 4 per cent.

Subprime hits AMLAK: With the wholesale debt markets closed and the banking license on hold, AMLAK is planing to sell as much as Dh 4.8 billion worth of convertible and non convertible bonds this year to finance expansion.
EMAAR is bullish on Indian Realty especially the hospitality sector and will reconsider the IPO when the time is right according to the CEO.

ADSM Company Announcements
CBI: Commercial Bank International postpone the AGM
NCTH:Result of National Corporation for Tourism & Hotels board meeting regarding the new board members
QTEL: Result of Qatar Telecom AGM

DFM Company Announcements
AMLAK: Amlak Finance announces the resolutions of its EGM held on 23/03/2008
AMLAK: Today 24/03/2008, is the last trading date for entitlementt to Amlak Finance distributions.
ARMX: Aramex agenda of its AGM being held on 25/03/2008.
ARTC: AGM of Arabtec is being held today, 24/03/2008.
ENBD: Emirates ENBD announces the resolutions of its AGM held on 23/03/2008
TABREED: DFM announces the allocation of National General Cooling 7% bonus shares into shareholders accounts as per the company register closing on 23/03/2008.

Further details see:
http://www.sharewadi.com/calendar.php

Dubai Financial Market and Abu Dhabi Securities Market index for 24 March 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
TKFL 7.75 +0.70 +9.9%
CBI 3.04 +0.26 +9.4%
SALAM 20.30 +1.70 +9.1%
NMDC 11.00 +0.90 +8.9%
NGI 8.41 +0.40 +5%
worst stock falls
symbol price change
GFH 13.10 -2.00 -13.2%
RAKBANK 6.31 -0.69 -9.9%
OEIHC 5.95 -0.63 -9.6%
TABREED 2.35 -0.20 -7.8%
ADAVIATION 5.37 -0.41 -7.1%
top volume
symbol value (AED) price
EMAAR190,327,13811.25
AIRARABIA151,676,5521.85
DIB134,322,8989.22
DFM113,293,7105.48
ADNH109,643,9169.51

Dubai Financial Market

The DFM index closed at 5,399 a fall of 2.68% from the previous close. 245 million shares were traded worth 963 million dirhams. ive shares advanced and twenty three declined.
The top traded share was AIRARABIA falling 3.64% to 1.85 dirhams on 80 mllion shares traded.

Other shares to fall included: Arabtec (ARTC) 11.15 (3.04%), DEYAAR 2.28 (3.74%), DFM 5.48 (3.00%), Dubai Investments (DIC) 5.40 (3.74%), Emaar Properties (EMAAR) 11.25 (2.17%), Dubai Islamic Bank (DIB) 9.22 (4.65%). GULFNAV 1.51 (2.58%) and Tabreed (TABREED) 2.35 (7.84%).

No shares gained on significant volume.

Abu Dhabi Securities Market

The ADSM index closed at 4,572 a fall of 1.56% from the previous close. 77 million shares were traded worth 443 million dirhams. Three shares advanced and thirty six declined.
The top traded share was ARKAN falling 0.26% to 3.80 dirhams on 14 million shares traded.

Other shares to fall included: Abu Dhabi Islamic Bank (ADIB) 64.40 (3.13%), WAHA 2.22 (3.06%), Aldar Properties (ALDAR) 10.05 (4.27%), Aabar Petroleum (AABAR) 3.31 (3.71%), and ADNH 9.51 (2.16%) 0.

No shares gained o significant volume.

Posted by sharewadi at 16:25

Sunday, March 23, 2008

UAE markets 23 Mar 2008

UAE market news & discussions for 23 March 2008

It wasn't a great start to the week, with both markets falling. On the positive side, trading volumes were low which could indicated the current downtrend has run out of puff, and a rally might be due.

The Emaar chairman said they were looking to buy property in the US and Europe. Figures that he supplied to Reuters indicated that Emaar were looking at property that had plummeted in value by an astonishing 90%, and another 50% fall was expected. Further details of where these bargain properties were, were not given.

Al Salam Bank Bahrain lists on the DFM later this week, and the DFM said they'd signed a cross listing agreement with the Khartoum Stock Exchange. After Kuwait and Karachi, that seems to take care of all the stock markets starting with the letter K. Might we see a cross listing with London and Lompopo next week?

The Sorouh AGM on Thursday approved a cash dividend of 12%, which translates to a dividend yield of 1.2%.

The Takaful Al Emarat, or Emirates Takaful Insurance, IPO started today.

Several AGMs tomorrow including Arabtec and Etisalat, and tomorrow is also the last trading day before Amlak shares go ex-dividend.

More news, disclosures, agenda items for today. See also the ShareWadi calendar.

Dubai Financial Market and Abu Dhabi Securities Market index for 23 March 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
OEIHC 6.58 +0.59 +9.8%
UNION 3.44 +0.30 +9.6%
ASMAK 6.99 +0.40 +6.1%
NCC 14.70 +0.70 +5%
NGI 8.01 +0.38 +5%
worst stock falls
symbol price change
TKFL 7.05 -0.78 -10%
NCTH 8.60 -0.70 -7.5%
TABREED 2.55 -0.14 -5.2%
QCEM 3.00 -0.15 -4.8%
NMDC 10.10 -0.50 -4.7%
top volume
symbol value (AED) price
EMAAR136,166,20611.50
DFM80,124,6175.65
AIRARABIA70,855,7941.92
ALDAR67,125,66110.55
DIC58,320,2325.61

Dubai Financial Market

The DFMGI started the week with a fall of 0.54% to 5548 points on low tunrover of AED 570 million dhs. Only Emaar Properties (EMAAR) saw trading of more than 100m dhs, and bucked the trend by rising 1.3%.

Of the actively traded stocks, AMAN saw the greatest rise with a 4.7% jump to 26.80. Dubai Investments (DIC) up 1.5% and Amlak Finance (AMLAK) up 0.91% were the only other stocks to rise on turnover of more than AED 1 million.

Tabreed (TABREED) plunged 5.2% to 2.55 which may have been related to the record date for dividends but they should have gone ex-dividend on Wednesday last week.

Du Telecom (DU) and Shuaa Capital (SHUAA) were next in the list with notable falls, of 2.2% and 2.1% respectively. Union Properties (UPP) dropped by 2%, Arabtec (ARTC) by 1.7%, Dubai Islamic Bank (DIB) by 1.6%, and the remaining actively traded stocks by 1.5% or less.

Abu Dhabi Securities Market

The ADSM index fell 0.68% to 4644 points from turnover of just AED 337 million, with no stocks trading more than AED 100 million worth. Aldar Properties (ALDAR) was the top by turnover with just AED 67 million worth of deals and a small 0.5% rise to 10.60.

Abu Dhabi Commercial Bank (ADCB) saw the biggest gain in the more actively traded list, with a 2.2% rise to 6.40. RAK Ceramics (RAKCEC) was up by 1.8% and the remaining gainers rose less than 1% or on turnover of less than AED 1 m.

Aabar Petroleum (AABAR) had the most notable fall of 4.4% to 3.51 (dividend information unknown), continuing its unfortunate slide since the approval of the sale of its Pearl Energy subsidiary.

Oasis Leasing (OILC) was down 3% to 2.28 on thin trading, Dana Gas (DANA) fell 2.7%, and Abu Dhabi National Energy (TAQA) down 2.6% making it a fairly unpleasant day for the energy stocks in Abu Dhabi. The rest of the losers fell less than 2% or on low volumes. Etisalat (ETISALAT) was down by 0.84% to 23.55.

Posted by sharewadi at 18:24

Wednesday, March 19, 2008

UAE markets 19 Mar 2008

UAE market news & discussions for 19 March 2008

The ADSM index closed 2.15% up in a strong days trading on moderate volumes.
ALDAR up over 4% and DANA, FGB and RAKPROP all up over 3% led the charge.
Despite a good start the DFM index finished down 0.70%. AIRARABIA and DFM were the top traded share both falling on turnover of 60 million shares traded each.

The ADSM signed an agreement with the NYSE Euronext that could lead to the creation of the Gulf's first derivatives exchange.

DFM Company Announcements
ASCANA: Today, 19/03/2008 is the Ex-dividend date for Arab Scandinavian Insurance shares.
DU: Du Telecom: Announces the resolutions of its AGM held on 18/03/2008.
DEYAAR: Discloses its audited consolidated financial statements for the year ended 31/12/2007.
DFM: On the occasion of the Prophet Birthday it has been decided that Thursday 20/3/2008 Shall be an official holiday for Dubai Financial Market and work will resume on Sunday 23/3/2008.
EMAAR: AGM of Emaar Properties is being held today, 19/03/2008
TABREED: Today, 19/03/2008 is the Ex-dividend date for National General Cooling Company shares and trading resumes with the adjusted price.

ADSM Company Announcements
ADIB: Abu Dhabi Islamic Bank: Announces its BOD meeting results held on March 18, 2008
AGTHIA:Emirates Foodstuff and Mineral Water: Announces its BOD meeting results held on March 18, 2008

Dubai Financial Market and Abu Dhabi Securities Market index for 19 March 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
TKFL 7.83 +0.71 +10%
NBF 4.59 +0.40 +9.5%
NBQ 9.28 +0.78 +9.2%
ADAVIATION 5.78 +0.46 +8.6%
NGI 7.63 +0.36 +5%
worst stock falls
symbol price change
GRAND 4.04 -0.25 -5.8%
ASCANA 2.71 -0.14 -4.9%
FCI 6.87 -0.33 -4.6%
SHUAA 7.98 -0.26 -3.2%
FOODCO 4.56 -0.10 -2.1%
top volume
symbol value (AED) price
DFM348,839,3825.65
ALDAR348,261,66810.50
EMAAR268,266,08411.35
ADIB143,493,81768.70
AIRARABIA133,660,0541.95

Dubai Financial Market

The DFM index closed at 5,578 a fall of 0.70% from the previous close. 291 million shares were traded worth 1.3 billion dirhams. Seven shares advanced and eighteen declined.
AIRARABIA and DFM led the trading both finishing down on turnover of 60 million shares each.

Other shares to fall included: Amlak Finance (AMLAK) 4.38 (1.35%), DEYAAR 2.39 (1.23%), Emaar Properties (EMAAR) 11.35 (0.87%), GULFNAV 1.56 (1.26%) and Union Properties (UPP) 4.45 (1.33%).

Shares to rise included: Tabreed (TABREED) 2.69 (1.12%) and Tamweel (TAMWEEL) 6.70 (1.36%).

Abu Dhabi Securities Market

The ADSM index closed at 4,676 a rise of 2.15% from the previous close. 144 million shares were traded worth 981 million dirhams. Thirty one shares advanced and nine declined.
The top traded share was Aldar Properties (ALDAR) rising 4.48% to 10.50 dirhams on turnover of 33 million shares.

Other shares to rise included: Aabar Petroleum (AABAR) 3.54 (0.83%), ADAVIATION 5.78 (8.65%), Dana Gas (DANA) 2.19 (3.30%), First Gulf Bank (FGB) 20.35 (3.85%) and RAK Properties (RAKPROP) 2.42 (3.86%).

FCI 6.87 (4.58%) and Bank Of Sharjah (BOS) 3.02 (0.33%) were amongst the decliners on small volumes.

Posted by sharewadi at 15:57

Tuesday, March 18, 2008

UAE markets 18 Mar 2008

UAE market news & discussions for 18 March 2008

The UAE markets continue to mark time as the DFM index closes 0.64% higher and the ADSM index closes 0.51% lower on low volumes. Traders seem cautious as they wait to see whether the Federal Reserve action is successful in restoring confidence and liquidity in the markets.

The top traded share on the DFM was itself rising 2.72% to 5.66 dirhams on turnover of 43 million shares.
The top traded share on the ADSM was AABAR rising 0.55% to 3.63 dirhams on turnover of 21 million shares.

DFM Announcements:
ASCANA: Today 18/03/2008, is the last trading date for entitlement to Arab Scandinavian Insurance distributions.
DIB: Today, 18/03/2008 is the Ex-dividend date for Dubai Islamic Bank shares and trading resumes with the adjusted price.
DU: AGM of Du Telecom is being held today, 18/03/2008.
TABREED: Today 18/03/2008, is the last trading date to entitle for National Central Cooling distributions.

ADSM Announcements:
CIB: Commercial International Bank – Egypt announces the Minutes of its AGM held on March 17, 2008
NBQ: National Bank of Umm Al Qaiwain: Announces the resolutions of its AGM held on March 17, 2008
RAKCC: Ras Al Khaimah Cement Company announces its BOD meeting results held on March 16, 2008

Dubai Financial Market and Abu Dhabi Securities Market index for 18 March 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
ARIG 3.79 +0.49 +14.8%
FBICO 3.15 +0.28 +9.8%
NGI 7.27 +0.34 +4.9%
NMDC 10.45 +0.40 +4%
TKFL 7.12 +0.28 +4.1%
worst stock falls
symbol price change
ASMAK 6.59 -0.59 -8.2%
AWNIC 5.60 -0.45 -7.4%
FOODCO 4.66 -0.34 -6.8%
ASCANA 2.85 -0.14 -4.7%
JULPHAR 2.55 -0.08 -3%
top volume
symbol value (AED) price
ALDAR386,708,94610.05
DFM241,246,2315.66
EMAAR202,023,90611.45
DIB103,328,1639.99
AABAR78,229,1403.63

Dubai Financial Market

The DFM index closed at 5,617 a rise of 0.64% from the previous close. 183 million shares were traded worth 902 million dirhams. Twenty shares advanced and four declined.
The top traded share was DFM rising 2.72% to 5.66 dirhams on turnover of 43 million shares.

Other shares to rise included: AIRARABIA 1.98 (2.06%), DEYAAR 2.42 (0.83%), and Emaar Properties (EMAAR) 11.45 (0.88%).

Shares to fall included: Dubai Islamic Bank (DIB) 9.99 (3.00%) and Shuaa Capital (SHUAA) 8.24 (1.55%).

Abu Dhabi Securities Market

The ADSM index closed at 4,578 a fall of 0.51% from the previous close. 118 million shares were traded worth 773 million dirhams. Nineteen shares advanced and twenty declined.
The top traded share was Aldar Properties (ALDAR) falling 0.50% to 10.05 dirhams on turnover of 38 million shares.

Other shares to fall included: Dana Gas (DANA) 2.12 (0.47%), WAHA 2.32 (2.11%), NBS 2.95 (2.64%) and Sorouh Real Estate (SOROUH) 9.86 (0.90%).

Shares to rise included: Aabar Petroleum (AABAR) 3.63 (0.55%), ARKAN 3.78 (1.34%), Abu Dhabi National Energy (TAQA) 3.43 (1.18%) and RAK Cement (RAKCC) 2.03 (0.49%).

Posted by sharewadi at 16:15

Monday, March 17, 2008

UAE markets 17 Mar 2008

UAE market news & discussions for 17 March 2008

Both UAE markets fell today in line with world stock markets. As liquidity becomes scarce in major markets, money is withdrawn from emerging markets to make up the short fall. The DFM index closed 1.65% down and the ADSM was also down by 1.72%.
On the DFM, major trading shares like DFM, EMAAR and DEYAAR all finished down by over 2 per cent.
On the ADSM, AABAR and ALDAR were both down over 5 per cent and FGB finished lower by over 4 per cent.

ADSM Announcements:
AAAIC :Al Ain Ahlia Insurance Announces BOD Meeting Results Held on March 17, 2008
ADAVIATION: Abu Dhabi Aviation Announces BOD Meeting Results Held on March 17, 2008 and the AGM will be Held on April 20, 2008
ALDAR: Increasing Al Dar Properties' Capital
DRIVE: Emirates Driving Company discloses financial statements for the year ended 2007
NBS: ADSM Announces Adjustment of Bonus Shares Issued By Sharjah Islamic Bank
SOROUH: Sorouh Real Estate establishes Sorouh International Limited an Offshore company
TAQA: Abu Dhabi National Energy Company discloses financial statements for the year ended 2007
UNB: ADSM Announces Adjustment of Bonus Shares Issued By Union National Bank

DFM Announcements:
DIB: Today 17/03/2008, is the last trading date for entitlement to Dubai Islamic Bank distributions.
DIC: Dubai Investments announces its BOD meeting to be held on 19/03/2008
DIN: Dubai Insurance announces the resolutions of its AGM held on 16/03/2008
DNIR: Dubai National Insurance and Reinsurance announces the resolutions of its AGM & EGM held on 16/03/2008
MAZAYA: Al Mazaya Holding Company discloses its audited consolidated financial statements for the year ended 31/12/2007

Dubai Financial Market and Abu Dhabi Securities Market index for 17 March 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
NCTH 9.30 +0.84 +9.9%
ASMAK 7.18 +0.63 +9.6%
TKFL 7.22 +0.60 +9.1%
UNION 3.10 +0.18 +6.2%
NGI 6.93 +0.33 +5%
worst stock falls
symbol price change
ARIG 3.30 -0.53 -13.8%
INVESTB 3.32 -0.33 -9%
FBICO 2.87 -0.24 -7.7%
RAPCO 3.75 -0.30 -7.4%
AABAR 3.61 -0.20 -5.2%
top volume
symbol value (AED) price
EMAAR337,797,04411.35
DFM233,101,5555.51
ALDAR174,879,23210.10
DIB165,223,58611.85
AIRARABIA100,142,8991.94

Dubai Financial Market

The DFM index closed at 5,581 a fall of 1.65% from the previous close. 241 million shares were traded worth 1.2 billion dirhams. Six shares advanced and twenty declined.
The top traded share was AIRARABIA falling 3.96% to 1.94 dirhams on turnover of 50 million shares.

Other shares to fall included: DEYAAR 2.40 (2.43%), DFM 5.51 (2.65%), Dubai Islamic Bank (DIB) 11.85 (2.06%), Emaar Properties (EMAAR) 11.35 (2.57%) and Islamic Arab Insurance (IAIC) 3.20 (1.84%).

Shares to rise included: ARAMEX 2.92 (0.68%) and Shuaa Capital (SHUAA) 8.37 (0.84%).

Abu Dhabi Securities Market

The ADSM index closed at 4,601 a fall of 1.72% from the previous close. 93 million shares were traded worth 585 million dirhams. Eleven shares advanced and twenty nine declined.
The top traded share was Aldar Properties (ALDAR) falling 5.16% to 10.10 dirhams on turnover of 17 million shares.

Other shares to fall included: Aabar Petroleum (AABAR) 3.61 (5.25%), Dana Gas (DANA) 2.13 (3.18%), RAK Properties (RAKPROP) 2.33 (2.51%), First Gulf Bank (FGB) 19.70 (4.37%) and Sorouh Real Estate (SOROUH) 9.95 (2.93%).

Shares to rise included: Abu Dhabi Commercial Bank (ADCB) 6.25 (0.16%) and Union Cement (UCC) 4.09 (4.34%).

Posted by sharewadi at 16:22

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