UAE market news & discussions for 12 August 2008More pain as both Abu Dhabi and Dubai suffered big losses again today, with the Abu Dhabi banks especially hard hit, and Emaar down to a low not seen since April 2005 (allowing for the 1:1 rights issue back then). How ironic then that the DFM annouce updated Emaar results on their website this afternoon but present visitors with an error when they try to view them. However, the DIFX seems relatively unperturbed (as of 16:30 UAE time) with a 2.5% loss for DP World, a 2% gain for Damas, and no change in Depa share price. 2008 second quarter results released or updated today
ShareWadi calendar this week Tuesday 12 August 2008
Wednesday 13 August 2008
Thursday 14 August 2008
Friday 15 August 2008 Saturday 16 August 2008
Sunday 17 August 2008 |
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- Marketwatch ADX DFM August 2008
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More UAE stock market news and discussions...
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Dubai Financial Market
The DFM General Index fell 2.0% to 4944, ending the day below 5000 points, with turnover moderate at AED 820m. Emaar Properties (EMAAR) falling 3.0% to 9.60, and Arabtec (ARTC) falling 2.2% to 15.30, were the most heavily traded with turnover of AED 229m and AED 155m respectively.
There were only two gainers today: SALAM_BAH rising 0.84% on thin trading, and DFM up just 0.26% to 3.88.
Tamweel (TAMWEEL) toppped the loser's list with a 7.1% fall to 5.90. Aramex (ARMX) was next with a 5.6% drop to 2.02, and AJMANBANK was down 5.6% to 2.71. Tabreed (TABREED) lost 4.9% to close at 1.95, Du Telecom (DU) fell 4.5% to 5.06, Islamic Arab Insurance (IAIC) was down 3.6%, DEYAAR 3.55%, and the remainder fell less than 3% or on turnover of less than AED 1m.
Abu Dhabi Securities Market
The ADX index fell 1.8% to 4393 with turnover at a moderate level of AED 570m. Aldar Properties (ALDAR) unchanged at 9.67, and Sorouh Real Estate (SOROUH) unchanged at 7.20, were the most heavily traded stocks with turnover of AED 206m and AED 129m respectively.
There were seven gainers on the ADX today but only two of any significance - Aabar Petroleum (AABAR) up 3.45% to 3.85, and Oasis Leasing (OILC) up 2.3% to 2.24. The other five rising on total turnover of less than AED 1m between them.
Union National Bank (UNB) stood out in the loser's list again today, with another steep drop of 9.1% to 7.81, Abu Dhabi Commercial Bank (ADCB) 5.0% to 4.30, National Bank of Abu Dhabi (NBAD) 5.0% to 18.10, and First Gulf Bank (FGB) 4.3% to 19.95 making it a glum day indeed for the Abu Dhabi bank sector. Other losers included Gulf Cement (GCEM) down 6.9% to 4.70, RAK Cement (RAKCC) down 3.3% to 3.02, NBS down 2.0%, and the remainder falling less than 2% or on turnover of less than AED 1m.
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