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

Wednesday, October 22, 2008

UAE markets 22 Oct 2008

UAE market news & discussions for 22 October 2008

After three days of rises the UAE markets hit the skids today. The DFM index opened lower and fell for the rest of the day closing 4.24% down at 3209. The ADX lost ground also closing down 1.58% at 3595.
The value of trading was lower than the previous days with a little over Dh700 million worth of shares traded on the DFM and Dh467 million on the ADX.
On the DFM, EMAAR and ARTC were big losers of the day, both down over 5% on strong volumes of shares traded. This was despite good results being released by ARTC before the market opened. See below.
On the ADX, FGB closed limit up again after releasing some good reults. However realestate, ALDAR, SOROUH and RAKPROP were all down over 5%. In contrast to FGB, investors did not like the ADCB results with the stock down over 7% at the close.
RESULTS
ADCB 2008 Q3 Profit 450m -20% from pcp
ARTC 2008 Q3 Profit 260m +51% from pcp
SOROUH 2008 Q3 Profit +253% from pcp

Dubai Financial Market

On the Emirates Integrated Telecommunications (DU)BAI FM, 2 shares advanced and 25 declined.
Decliners included: Air Arabia (AIRARABIA) 1.29 (3.73%), Ajman Islamic Bank (AJMANBANK) 1.98 (6.60%), Tamweel Finance (TAMWEEL) 2.60 (1.88%) and Amlak Finance Company (AMLAK) 2.17 (5.65%).
Islamic Arab Insurance (IAIC) 1.37 (3.00%) was the only gainer on significant volume.

Abu Dhabi Securities Market

On the ADX. 9 shares advanced and 31 declined.
Decliners included: Aabar Energy (AABAR) 3.22 (4.17%), Dana Gas (DANA) 1.11 (5.13%), Ras Al Khaimah Cement (RAKCC) 1.88 (3.09%) and Methaq Islamic Insurance (METHAQ) 7.53 (3.83%).
Gainers included: Abu Dhabi National Building Materials (BILDCO) 3.72 (3.62%) and Union National Bank (UNB) 6.00 (3.63%).

Dubai Financial Market and Abu Dhabi Securities Market index for 22 October 2008

UAE stock market news and discussions at Dubai Share Talk ...

best stock rises
symbol price change
ALMADINA 5.40 +0.70 +14.9%
RAKCEC 2.85 +0.22 +8.4%
FGB 14.75 +0.95 +6.9%
ADAVIATION 2.75 +0.11 +4.2%
UNB 6.00 +0.21 +3.6%
worst stock falls
symbol price change
OEIHC 2.71 -0.30 -10%
TAMWEEL 2.30 -0.23 -9.1%
ADNH 4.74 -0.43 -8.3%
SHUAA 3.08 -0.27 -8.1%
ARMX 1.61 -0.14 -8%
top volume
symbol value (AED) price
EMAAR296,176,4845.74
FGB126,611,27714.75
ARTC99,761,3847.00
ALDAR86,346,5105.95
DFM70,974,8152.60

Blog Archive