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

Wednesday, April 30, 2008

UAE markets 30 Apr 2008

UAE market news & discussions for 30 April 2008

A 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.
On the DFM, AIRARABIA was the top traded share rising 2.02% to 2.02 dirhams on turnover of 49 million shares.
On the ADSM, RAKPROP was the top traded share falling 0.89% to 2.22 dirhams on turnover of 40 million shares.

Company News and Results:
AABAR AGM minutes released - 10% cash dividend approved, record date 08 May 2008
ADNH 2008 Q1 profit AED 140m +1% 30 Apr 2008
DHAFRA 2008 Q1 profit AED 21m +62% 30 Apr 2008
DIC capital increase phase II extended to 08 May 2008
FTC 2008 Q1 profit AED 0.38m +14% 30 Apr 2008
NCTH 2008 Q1 profit AED 31m +1,077% 30 Apr 2008
QCEM 2008 Q1 profit AED 46m +132% 30 Apr 2008
RAKCEC 2008 Q1 profit AED 53m +42% 30 Apr 2008
RAKNIC 2008 Q1 profit AED 16m +4% 30 Apr 2008
TAQA 2008 Q1 profit AED 400m +525% 30 Apr 2008

Upcoming Events (see the DFM & ADSM Calendar for more)
Thursday 1 May 2008
ADCB record date for 20.25% share & 10% cash dividend
ADNIC payment date 25% cash dividend
AFNIC payment date for dividend
AGTHIA EGM (postponed from 24 April 2008)
BILDCO 15% cash dividend payment date
DIC rights issue phase II subscription (extended period)
FH payment date for 75% cash dividend



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

More UAE stock market news and discussions...

best stock rises
symbol price change
MAZAYA 11.50 +1.50 +15%
UNION 3.70 +0.30 +8.8%
RAPCO 4.50 +0.30 +7.1%
DRIVE 7.64 +0.44 +6.1%
FCI 5.90 +0.26 +4.6%
worst stock falls
symbol price change
FBICO 3.85 -0.42 -9.8%
CBI 2.63 -0.25 -8.7%
NMDC 9.21 -0.84 -8.4%
QCEM 2.92 -0.17 -5.5%
ADAVIATION 4.55 -0.23 -4.8%
top volume
symbol value (AED) price
ALDAR212,129,03211.70
ARKAN152,892,3244.81
EMAAR135,684,20711.50
TAMWEEL123,285,0068.05
DIB113,537,1829.39

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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