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

Wednesday, August 27, 2008

UAE markets 27 Aug 2008

UAE market news & discussions for 27 August 2008

What a difference a day makes. Despite being down early the DFM index turned around at lunchtime and ended up over two percent at 4,802. Lets enjoy it before anyone says dead cat bounce.
EMAAR and TAMWEEL lead the way up over 5%, AJMANBANK, AMLAK and ARAMEX all closed more than 4% higher.
The ADX closed down 0.13% but of its lows for the day. DANA was the top traded share closing down 1.83% at 1.61 dirhams. However, CBI closed 7.72% higher on turnover of 24 million shares.
The local press blamed margin calls for the plunge however, panic selling might be a better description of yesterdays performance. It will take more than one good days trading to settle traders nerves.

DIFX
DAMAS $1.01 up 2.02% on 200 thousand shares traded
DEPA $1.16 down 2.52% on 69 thousand shares traded
DPW $.80 unchanged on 4.2 million shares traded

Further Business items see Sharewadi News

Dubai Financial Market and Abu Dhabi Securities Market index for 27 August 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
ADNIC 8.91 +0.81 +10%
CBI 3.63 +0.26 +7.7%
GMPC 4.13 +0.28 +7.3%
RAPCO 4.29 +0.29 +7.3%
ADSB 4.80 +0.28 +6.2%
worst stock falls
symbol price change
OEIHC 3.98 -0.24 -5.7%
ADAVIATION 4.00 -0.22 -5.2%
GCEM 5.11 -0.25 -4.7%
ALFIRDOUS 2.06 -0.10 -4.6%
CBD 10.45 -0.50 -4.6%
top volume
symbol value (AED) price
EMAAR256,331,8279.51
SOROUH173,019,5977.10
ALDAR153,029,5339.61
AJMANBANK126,915,7283.03
DFM113,891,3283.80

Dubai Financial Market

The DFM index closed at 4,802 a rise of 2.04% from the previous close. 282 million shares were traded worth 1 billion dirhams. Twenty shares advanced and four declined.
Trading was lead by Emaar Properties (EMAAR) up 5.66% to 9.51 dirhams and AJMANBANK up 4.84% to 3.03 dirhams.

Other shares to gain included: Amlak Finance (AMLAK) 3.70 (4.22%), ARAMEX 2.00 (4.71%), DFM 3.80 (3.26%), Tamweel (TAMWEEL) 5.89 (5.17%) and Union Properties (UPP) 3.93 (3.42%).

DIB falling 0.27% to 7.19 dirhams was the only share to close lower on significant volume.

Abu Dhabi Securities Market

The ADX index closed at 4,359 a fall of 0.13% from the previous close. 150 million shares were traded worth 728 million dirhams. Twenty one shares advanced and sixteen declined.
Dana Gas (DANA) was the top traded share falling 1.83% to 1.61 dirhams on volume of 25 million shares.

Other shares to fall included: First Gulf Bank (FGB) 22.10 (0.45%), Aldar Properties (ALDAR) 9.61 (0.21%), Abu Dhabi Commercial Bank (ADCB) 4.25 (1.85%), Sorouh Real Estate (SOROUH) 7.10 (0.28%) and Etisalat (ETISALAT) 17.65 (1.12%).

Shares to rise included: Commercial Bank International (CBI) 3.63 (7.72%), METHAQ 8.41 (0.96%), RAK Cement (RAKCC) 3.04 (0.66%) and AGTHIA 2.23 (3.72%).

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