DFM & ADSM reports

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

Monday, June 16, 2008

UAE markets 16 Jun 2008

UAE market news & discussions for 16 June 2008

The DFM index finally closes up and ADSM index continues to impress rising 0.69% on strong trading in both volume 434 million shares and value 2.2 billion dirhams.
METHAQ was again the standout share rising a further 8.35% to 4.60 dirhams to build on yesterdays gains. Between them ALDAR up 5.14% and SOROUH up 2.90% traded over one billion worth of shares.
The DFM trading value was under one billion dirhams with the top traded share being DFM rising 0.90% to 5.55 dirhams on turnover of 43 million shares.
On the DIFX, DP World finished steady on $0.92 on turnover of 2.4 million shares.

Agenda this week

Monday, 16 June 2008
ADIB BOD meeting. Agenda not supplied.
DFM BOD meeting.
GRAND record date? Disclosure not clear.
NTWK (NetSol) new listing on the DIFX today
QTEL rights issue subscription period
TAQA record date for convertible bond eligibility? Unclear now what is happening - lack of disclosure from Taqa.

Tuesday, 17 June 2008
FMI1 AGM at 8:00am (in Rifferswil, Switzerland)
METHAQ BOD meeting at 4pm, no agenda supplied
QTEL rights issue subscription period
SHUAA AGM 45% cash dividend proposed
SHUAA EGM - KSE delisting, & GCC nationals same share ownership as UAE. Postponed from 10 Jun 08

Wednesday, 18 June 2008
QTEL rights issue subscription period

UAE Stock News - Links to latest articles

Dubai Financial Market and Abu Dhabi Securities Market index for 16 June 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
ALSALAMSUDAN 7.45 +0.70 +10.4%
METHAQ 4.54 +0.35 +8.4%
FH 14.45 +1.10 +8.2%
NCTH 12.50 +0.80 +6.8%
UNION 4.23 +0.23 +5.8%
worst stock falls
symbol price change
INVESTB 3.34 -0.30 -8.2%
FBICO 5.47 -0.36 -6.2%
TAQA 3.74 -0.17 -4.3%
SCIDC 5.46 -0.19 -3.4%
GMPC 3.55 -0.10 -2.7%
top volume
symbol value (AED) price
SOROUH556,142,4429.93
ALDAR513,037,51813.30
DFM238,729,0465.55
EMAAR194,642,59611.20
DANA182,991,9382.12

Dubai Financial Market

The DFM index closed at 5,660 a rise of 0.51% from the previous close. 193 million shares were traded worth 931 million dirhams. Twelve shares advanced and ten declined.
The top traded share by volume was DFM rising 0.90% to 5.55 dirhams on turnover of 43 million shares.

Other shares to rise included: AIRARABIA 1.94 (0.51%), Emaar Properties (EMAAR) 11.20 (0.90%) and Islamic Arab Insurance (IAIC) 3.38 (0.89%).

Shares to fall included: GULFNAV 1.79 (0.55%), Dubai Investments (DIC) 4.11 (1.20%) and DEYAAR 2.23 (0.44%).

Abu Dhabi Securities Market

The ADSM index closed at 5,144 a rise of 0.69% from the previous close. 434 million shares were traded worth 2.2 billion dirhams. Twenty five shares advanced and fifteen declined.
The top traded share by volume was Dana Gas (DANA) rising 1.44% to 2.11 dirhams on turnover of 86 million shares. Aldar Properties (ALDAR) 13.55 (5.14%) and Sorouh Real Estate (SOROUH) 10.05 (2.90%) were also up with over one billion dirhams worth of shares traded between them.

Other shares to rise included: First Gulf Bank (FGB) 26.95 (0.19%), SIB 3.11 (3.65%) Aabar Petroleum (AABAR) 3.86 (1.04%), AGTHIA 2.79 (0.36%), METHAQ 4.60 (8.35%) and Etisalat (ETISALAT) 20.45 (0.49%).

Shares to fall included: Abu Dhabi Commercial Bank (ADCB) 5.04 (0.59%), Abu Dhabi National Energy (TAQA) 3.74 (4.35%), ARKAN 6.10 (0.16%) and RAK Cement (RAKCC) 3.66 (0.54%).

Posted by sharewadi at 17:36

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