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

Wednesday, June 18, 2008

UAE markets 18 Jun 2008

UAE market news & discussions for 18 June 2008

The DFM index closed 0.66% higher today with over one billion dirhams of shares trading. After being down at first the index recovered when EMAAR changed direction and closed up 1.80% at 11.30 dirhams. The ADX index fell by 1.07% led by a large fall in TAQA down 9.79% to 3.41 dirhams. METHAQ continues its upward journey rising 8.67% to 5.45 dirhams, with 800 million dirhams worth of shares traded.
In other news:

SHUAA AGM approves 45% dividend
DAMAS announces 1.3bn IPO to list on DIFX
EMAAR Goldman Sachs - price target of AED 20.10 per share
ING announces the launch of mutual fund based on ME markets
SHUAA 2007 FY Net Profit +53% to AED 395 million

Agenda this week

Wednesday, 18 June 2008
ALLIANCE EGM (DFM note, no disclosure seen)
QTEL rights issue subscription period

Thursday, 19 June 2008
DANA share price conversion cut-off
QTEL rights issue subscription period ends

UAE stock news - links to latest news articles.

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

More UAE stock market news and discussions...

best stock rises
symbol price change
ARIG 3.45 +0.42 +13.9%
ALSALAMSUDAN 8.45 +0.95 +12.7%
METHAQ 5.39 +0.43 +8.7%
ALFIRDOUS 2.48 +0.08 +3.3%
DFM 5.50 +0.14 +2.6%
worst stock falls
symbol price change
TAQA 3.41 -0.37 -9.8%
AAAIC 115.00 -10.70 -8.5%
NCC 9.79 -0.51 -5%
JEEMA 6.63 -0.34 -4.9%
SCIDC 5.38 -0.22 -3.9%
top volume
symbol value (AED) price
METHAQ799,316,7625.39
EMAAR257,455,27911.30
DFM235,794,9145.50
DIB218,402,9158.18
TAQA129,607,8253.41

Dubai Financial Market

The DFM index closed at 5,596 a rise of 0.66% from the previous close. 244 million shares were traded worth 1.2 billion dirhams. Sixteen shares advanced and nine declined.
The top traded share by volume was DFM, rising 2.61% to 5.50 dirhams on turnover of 43 million shares.

Other shares to rise included: Amlak Finance (AMLAK) 4.78 (0.20%), Dubai Investments (DIC) 4.05 (0.49%), Emaar Properties (EMAAR) 11.30 (1.80%) and Tamweel (TAMWEEL) 8.21 (2.49%).

Shares to fall included: Dubai Islamic Bank (DIB) 8.18 (2.27%), DEYAAR 2.18 (0.90%) and ARAMEX 2.59 (2.26%)

AIRARABIA closed unchanged on 1.90dhs.

Abu Dhabi Securities Market

The ADX index closed at 5,063 a fall of 1.07% from the previous close. 331 million shares were traded worth 1.6 billion dirhams. Seven shares advanced and thirty three declined.
The top traded share by volume and value was METHAQ, rising 8.67% to 5.45 on turnover of 148 million shares.

Other shares to rise included: ADNH 8.54 (0.47%), Etisalat (ETISALAT) 20.05 (0.25%) and ADAVIATION 5.30 (2.28%).

Shares to fall included: First Gulf Bank (FGB) 26.00 (2.07%), SIB 3.04 (0.98%), RAK Properties (RAKPROP) 2.20 (1.34%), Aldar Properties (ALDAR) 13.05 (1.14%), Abu Dhabi National Energy (TAQA) 3.41 (9.79%), ARKAN 6.03 (2.74%) and RAK Cement (RAKCC) 3.53 (2.19%).

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