UAE market news & discussions for 30 April 2008A subdued days trading on both UAE markets today. Both indicies finished slightly down, with the value of shares traded on both markets around the one billion dirham level. |
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Dubai Financial Market
The DFM index closed at 5,737 a fall of 0.24% from the previous close. 206 million shares were traded worth 1 billion dirhams. Fourteen shares advanced and seven declined.
The top traded share was AIRARABIA rising 2.02% to 2.02 dirhams on turnover of 49 million shares.
Other shares to rise included: Arabtec (ARTC) 15.50 (0.64%), DFM 5.99 (0.50%), Dubai Investments (DIC) 4.34 (0.23%), GULFNAV 1.60 (1.91%) and Tamweel (TAMWEEL) 8.05 (2.54%).
Shares to fall included: Union Properties (UPP) 5.10 (2.29%), Dubai Islamic Bank (DIB) 9.39 (1.26%), DEYAAR 2.25 (1.31%) and Amlak Finance (AMLAK) 4.80 (0.41%).
Abu Dhabi Securities Market
The ADSM index closed at 4,988 a fall of 0.04% from the previous close. 196 million shares were traded worth 877 million dirhams. Nineteen shares advanced and sixteen declined.
The top traded share was RAK Properties (RAKPROP) falling 0.89% to 2.22 dirhams on turnover of 40 million shares.
Shares to rise included: Aabar Petroleum (AABAR) 3.33 ( (1.22%), ARKAN 4.81 (1.05%), Dana Gas (DANA) 2.03 (1.00%) and Abu Dhabi National Energy (TAQA) 3.43 (2.03%). Aldar Properties (ALDAR) closed unchanged at 11.70 dirhams.
Shares to fall included: RAK Properties (RAKPROP) 2.22 (0.89%), Abu Dhabi Commercial Bank (ADCB) 5.79 (1.03% post bonus shares), Etisalat (ETISALAT) 21.70 (0.23%) and First Gulf Bank (FGB) 22.90 (0.44%).
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