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

Tuesday, September 02, 2008

UAE markets 02 Sep 2008

UAE market news & discussions for 02 September 2008

Ramadan trading conditions prevailed today with both indicies falling and less than 500 million dirhams worth of shares trading on both markets.
On the DFM, EMAAR hit a new 52 week low of 8.91 dirhams before closing 0.66% lower at 9.00 dirhams.
On the ADX, despite advancers out numbering decliners the index finished lower lead by continuing weakness in the banking and realestate sectors. One bright spot was AABAR rising 5.33% to 3.95 dirhams on turnover of 21 million shares traded

DIFX
DPW closed steady $.80 on volume of 1.1 million shares traded.

Further business items see Sharewadi News

Dubai Financial Market and Abu Dhabi Securities Market index for 02 September 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
ARIG 4.00 +0.50 +14.3%
AABAR 3.95 +0.20 +5.3%
NCC 8.82 +0.42 +5%
RAKCEC 3.87 +0.14 +3.8%
OILC 2.31 +0.07 +3.1%
worst stock falls
symbol price change
MAZAYA 11.00 -1.50 -12%
FCI 5.18 -0.57 -9.9%
QCEM 2.84 -0.29 -9.3%
AKIC 2.30 -0.19 -7.6%
FGB 22.10 -0.90 -3.9%
top volume
symbol value (AED) price
EMAAR155,573,7459.00
METHAQ102,037,9708.41
ALDAR85,066,5639.26
AABAR84,647,4523.95
ARTC62,153,65414.55

Dubai Financial Market

The DFM index closed at 4,715 a fall of 0.61% from the previous close. 103 million shares were traded worth 459 million dirhams. Eight shares advanced and eleven declined.
The top traded share was AIRARABIA, closing steady at 1.52 dirhams on turnover of 19 million shares.

Shares to rise included: Amlak Finance (AMLAK) 3.62 (2.54%), Islamic Arab Insurance (IAIC) 2.26 (1.80%), Union Properties (UPP) 3.85 (1.31%) and AMAN 2.90 (0.34%).

Shares to fall included: Arabtec (ARTC) 14.55 (0.34%), DFM 3.71 (0.26%), Dubai Islamic Bank (DIB) 7.04 (1.81%) and Emaar Properties (EMAAR) 9.00 (0.66%).

Abu Dhabi Securities Market

The ADX index closed at 4,350 a fall of 0.17% from the previous close. 91 million shares were traded worth 495 million dirhams. Sixteen shares advanced and thirteen declined.
Aabar Petroleum (AABAR) was the top traded share rising 5.33% to 3.95 dirhams on volume of 21 million shares traded.

Other shares to rise includee: Etisalat (ETISALAT) 17.90 (0.85%), METHAQ 8.41 (1.20%), Sorouh Real Estate (SOROUH) 7.08 (0.78%) and Commercial Bank International (CBI) 3.34 (2.45%).

Shares to fall included: First Gulf Bank (FGB) 22.10 (3.91%) and Aldar Properties (ALDAR) 9.26 (0.64%).

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