UAE market news & discussions for 27 July 2008The DFMGI kicked off the week by falling but turnover was subdued. Arabtec stood out at the top of the traded value table as the share price tumbled despite positive results announced yesterday. Abu Dhabi was almost flat with slightly higher turnover, although most stocks fell - the index probably saved by small rises in two of the big banks. There were no gainers of significance in either market today.
About half the companies listed on the UAE stock markets have released second quarter results information so far. Average PE is about 12.7 (weighted by Market Cap, unweighted is 15.7), average PBV is 3.5, and average Return on Equity (ROE) is about 29%. See the UAE stocks list for more details. Second quarter results released and updated today
Sharewadi Calendar this week Sunday, 27 July 2008
Monday, 28 July 2008
Tuesday, 29 July 2008
Wednesday, 30 July 2008 Thursday, 31 July 2008
Sunday, 03 August 2008
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Dubai Financial Market
The DFMGI fell 0.55% to 5408 points with turnover relatively subdued at only AED 489 million and most stocks falling. Arabtec (ARTC) was the only stock trading more than AED 100m worth as it fell 3.3% to 19.00, also topping the loser's list.
Of the 6 gainers, only Commercial Bank of Dubai (CBD) rose more than 1% on turnover of more than AED 1 million (just barely), it ended the day at 10.70 with a rise of 1.4%. Amlak Finance (AMLAK), DIB, and Emirates NBD (ENBD) were the only more actively stocks to rise, all increasing by less than 1%.
In the loser's list, apart from Arabtec, Aramex (ARMX) fell 2.5% to 2.34, Islamic Arab Insurance (IAIC) and AMAN fell 2.4% to 2.87 and 3.30 respectively. The remaining actively traded stocks fell less than 2%. Emaar Properties (EMAAR) was down 0.94% to 10.50.
Abu Dhabi Securities Market
The ADX fared a little better than the Dubai market as it closed marginally down by 0.01% at 5005 points, with turnover of AED 508 million slightly higher than Dubai but still modest. Sorouh Real Estate (SOROUH) was the only stock trading more than AED 100 million worth, and fell 0.42% to 9.33.
There were only 9 gainers today, and the top five rose on much less than AED 1 million of traded value each. National Bank of Abu Dhabi (NBAD) was the only stock to rise more than 1% on more than AED 1 million of turnover, it gained 1.2% to 21.50. First Gulf Bank (FGB) rose 0.9% to 28.00, and Union National Bank (UNB) and Aldar Properties (ALDAR) also rose less than 1%.
The top 6 losers all fell on much less than AED 1 million of turnover, Oasis Leasing (OILC) was the worst of the more actively traded stocks as it dropped by 2.7% to 2.47. RAK Properties (RAKPROP) fell 2.1% to 1.87, Aabar Petroleum (AABAR) 1.95% to 4.52, and ther rest of the actively traded stocks fell less than 2%. Etisalat (ETISALAT) closed the day at 19.90, down by just 0.25%.
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