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

Sunday, March 09, 2008

UAE markets 09 Mar 2008

UAE market news & discussions for 09 March 2008

The markets today, unsurprisingly, fell again. With falling markets around the world and the Saudi market trickling down yesterday and today, it seems unlikely that the local markets can fight the general negative sentiment. Abu Dhabi Islamic Bank, however, had a good day with unusually high turnover and a small gain.

A Dubai Investments subsidiary, Emirates Glass, said profits for 2007 were up by 106% but didn't actually say how much they were.

Dubai Islamic Bank holds their Annual General Meeting this afternoon - dividends of 15% bonus shares and 40% cash have been proposed.

See the list of disclosures and news on DubaiShareTalk.com for more from today.

For your diary today and tomorrow

Sunday, 09 March 2008

  • AABAR AGM new date 5:00pm
  • AABAR EGM Pearl Energy sale CBD record date 2007 dividends
  • DIB AGM 15% 40% dividends proposed
  • FBICO 07FY financial results released
  • NBAD convertible notes trading suspended
  • OEIHC BOD meeting
  • RAKWCT 07FY financial statements released

Monday, 10 March 2008

  • ASCANA AGM 25% cash dividend proposed (not confirmed)
  • DHAFRA AGM
  • NBAD convertible notes trading suspended
  • SALAM AGM & EGM, 12.5% share dividend proposed
  • 5:00pm SICO AGM 20% dividend proposed (not confirmed)

Dubai Financial Market and Abu Dhabi Securities Market index for 09 March 2008

DubaiShareTalk latest topics

More UAE stock market news and discussions...

best stock rises
symbol price change
WARE 21.50 +2.80 +15%
GLOBAL 16.50 +2.00 +13.8%
ALMADINA 11.00 +0.85 +8.4%
GFH 15.40 +1.15 +8.1%
RAKCEC 4.77 +0.28 +6.2%
worst stock falls
symbol price change
NBF 4.19 -0.46 -9.9%
FOODCO 4.67 -0.46 -9%
ADAVIATION 5.40 -0.33 -5.8%
UCC 4.51 -0.25 -5.3%
QCEM 3.20 -0.18 -5.3%
top volume
symbol value (AED) price
EMAAR273,270,83011.80
ADIB178,952,31865.75
DFM128,631,7255.95
AABAR68,457,0864.49
ALDAR56,278,72811.15

Dubai Financial Market

The DFMGI was down 1.4% to 5752 points from limited turnover of AED 728 million with Emaar Properties (EMAAR) and DFM the top traded stocks by value, falling by 2.1% to 11.80 and 1.5% to 5.95 respectively.

The gainers list had little of note - the big 14% and 15% jumps for Global Investment House (GLOBAL) and WARE came from just one small trade each. Only Arabtec (ARTC), up by 1.7%, and Shuaa Capital (SHUAA), up by 0.7%, out the actively traded shares made it into the table with the green arrows.

Islamic Arab Insurance (IAIC) tailed the field with its 3% fall to 3.55 (ignoring the 2 stocks that saw bigger falls on low volume trading). Amlak Finance (AMLAK) was down 2.15% to 4.55, Dubai Investments (DIC) 1.6%, and the rest of the losers fell less than 1.5%.

Abu Dhabi Securities Market

The ADSM index declined by 0.82% on stifled turnover of just AED 528 million. Abu Dhabi Islamic Bank (ADIB) stood out as the top stock by traded value with AED 179m worth and a 2.2% rise to 66.40, while RAK Ceramics (RAKCEC) topped the gainers table with a 6.7% rise to 4.75 from moderately low trading. Finance House (FH) was next in line on greater than AED 1 m worth of deals, with a 3.4% gain to 10.15. ADNIC rose 1.9%, Aabar Petroleum (AABAR) 0.9%, and another 3 stocks by less than 1% on moderate turnover. Five other stocks rose more than 1% but on thin volumes.

The standout loser today was ADAVIATION with a 5.8% drop to 5.32. The 2 larger falls were on turnover of less than AED 1 million. Bank Of Sharjah (BOS) lost 4% to close at 3.39, while Sorouh Real Estate (SOROUH) was the worst of the more usually active stocks, down by 1.8% to 10.80. NBS had a busy day and fell 1.7% to 4.10, Oasis Leasing (OILC) was down 1.5^ and most of the remaining actively traded stocks fell by less than 1.5%. Etisalat (ETISALAT) was down 1.2% to close at 24.30 on moderate turnover.

Blog Archive