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

Tuesday, September 09, 2008

UAE markets 09 Sep 2008

UAE market news & discussions for 09 September 2008

A very similar days trading to yesterday on UAE markets today. Both indices were up in the morning by more than one percent but both fell in the afternoon to close only slightly up. It seems trading is being dominated by day traders who do not want to hold overnight positions.
On the DFM, EMAAR started well up over two percent but fell in the afternoon to close unchanged. Insurance was a bright spot with AMAN up 4.66% and the TAKAFULS both up more than 14%.
Trading by value was a healthy 1.2 billion dirhams.
On the ADX, SOROUH was the top traded share rising 1.40% to 6.52 dirhams. SIB gained 2.04% to close at 3.00 dirhams on 7 million shares traded.
Trading by value remains subdued at 420 million dirhams.

DIFX
DEPA $1.13 closed up 0.89% with 852 thousand shares traded
DPW $0.89 closed down 3.95% with 6.4 million shares traded.

More business items see Sharewadi news

Dubai Financial Market and Abu Dhabi Securities Market index for 09 September 2008

More UAE stock market news and discussions...

best stock rises
symbol price change
TAKAFUL-EM 4.20 +0.54 +14.8%
DARTAKAFUL 5.25 +0.65 +14.1%
ASMAK 32.90 +2.95 +9.8%
SICO 5.70 +0.50 +9.6%
FOODCO 4.38 +0.38 +9.5%
worst stock falls
symbol price change
NBQ 5.60 -0.41 -6.8%
ADAVIATION 3.75 -0.25 -6.3%
QCEM 2.64 -0.17 -6%
GMPC 3.81 -0.23 -5.7%
SCIDC 4.76 -0.24 -4.8%
top volume
symbol value (AED) price
EMAAR279,866,6118.08
AJMANBANK155,304,0882.75
AMAN127,272,2993.14
ALDAR123,156,1918.69
SOROUH99,637,4986.52

Dubai Financial Market

The DFM index closed at 4,481 a rise of 0.16% from the previous close. 336 million shares were traded worth 1.2 billion dirhams. Seventeen shares advanced and eight declined.
The top traded share was AJMANBANK, rising 1.47% to 2.75 dirhams on volume of 55 million shares.

Other shares to rise included: AIRARABIA 1.46 (2.81%), Arabtec (ARTC) 14.15 (3.66%), DFM 3.48 (0.86%), AMAN 3.14 (4.66%), GULFNAV 1.44 (6.66%), TAKAFUL-EM 4.20 (14.75%) and Union Properties (UPP) 3.48 (1.16%).

Shares to decline included: Tamweel (TAMWEEL) 5.20 (4.05%), Emirates NBD (ENBD) 10.20 (0.97%), Dubai Investments (DIC) 3.15 (2.77%) and Dubai Islamic Bank (DIB) 6.92 (0.14%).

Emaar Properties (EMAAR) closed steady on 8.08 on 34 million shares traded.

Abu Dhabi Securities Market

The ADX index closed at 4,182 a rise of 0.33% from the previous close. 76 million shares were traded worth 470 million dirhams. Twenty seven shares advanced and fiften declined.
The top traded share was Sorouh Real Estate (SOROUH) rising 1.40% to 6.52 dirhams on turnover of 15 million shares.

Other shares to rise included: SIB 3.00 (2.04%), Aldar Properties (ALDAR) 8.69 (2.12%), Dana Gas (DANA) 1.51 (0.67%), ARKAN 6.13 (0.33%) and Etisalat (ETISALAT) 17.20 (0.58%).

Shares to fall included: METHAQ 8.23 (0.48%) and Union National Bank (UNB) 7.05 (1.40%).

First Gulf Bank (FGB) closed steady on 19.50 on 1 million shares traded.


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