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

Wednesday, November 19, 2008

UAE markets 19 Nov 2008

UAE market news & discussions for 19 November 2008

A split decision today in UAE Markets as the DFM index ended up and the ADX slightly lower reversing the situation yesterday. However, the value of shares traded on both markets was low, less than 300 million dirhams each.
The DFM index closed 1.0% higher at 2,053. Major contibuters to the rise included AIRARABIA up 3.0%, ARTC up 8.0% and EMAAR up 3.0%. IAIC also had a good day closing limit up on strong volume.
The ADX index closed 0.11% down at 2,880. Despite strength in the Realestate sector ALDAR up 5.0% and SOROUH up 4.0% and the Construction sector weakeness in the Banking sector meant the index closed marginaly down at the close.
DIFX (NASDAQ DUBAI)
Two stocks traded: DPW 0.33 up 3.0% and DEPA 0.50 up 8.7%.

Dubai Financial Market

On the Dubai Financial Market 13 stocks advanced and 8 declined.
The standout stock today was Islamic Arab Insurance (IAIC) closing limit up at 1.06 with over 3 million wanted. Amlak Finance Company (AMLAK) up 2.8%, Deyaar Development (DEYAAR) up 2.6%, Dubai Financial Market (DFM) up 3.2% and Gulf Navigation (GULFNAV) up 4.0% all had a stong day on good volume.
Decliners included; Union Properties (UPP) down 3.4%, Shuaa Capital (SHUAA) down 4.0% and Ajman Islamic Bank (AJMANBANK) down 3.3%.

Abu Dhabi Securities Market

On the ADX, 15 stocks advanced and 15 declined.
The BANKS were generally weaker with Abu Dhabi Commercial Bank (ADCB) down 2.8%, SIB down 4.7% and Union National Bank (UNB) down 3.0%.
In INSURANCE, Methaq Islamic Insurance (METHAQ) and Abu Dhabi National Takaful (TKFL) were both down over 8.0%.
Emirates Telecom (ETISALAT) closed down 1.9% at 13 dirhams.
REALESTATE and CONSTRUCTION were the only sectors to post significant gains.

Dubai Financial Market and Abu Dhabi Securities Market index for 19 November 2008

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

  Latest posts and topics (click timestamp for last post) Last Post By Last Post Date
Amlak suspends mortgage finance
sharewadi Wed 19 Nov 2008 18:28
EMAAR Technicals
stylinexpat Wed 19 Nov 2008 18:27
Dubai real estate boom over
sharewadi Wed 19 Nov 2008 18:27
FGB share buyback
sharewadi Wed 19 Nov 2008 17:50
DST member introductions
acid_rain Wed 19 Nov 2008 17:42
Marketwatch DFM ADX November 2008
acid_rain Wed 19 Nov 2008 17:33
Arabtech Insider Trading 3 Million Shares
acid_rain Wed 19 Nov 2008 17:30
IAIC Salama share buyback
acid_rain Wed 19 Nov 2008 17:22
Abu Dhabi buys into Dubai
acid_rain Wed 19 Nov 2008 17:20
ARTC near foreign limit, strong buying today
acid_rain Wed 19 Nov 2008 17:16
Future of DFM?
acid_rain Wed 19 Nov 2008 17:13
Book Values and liability
sam111sam Wed 19 Nov 2008 15:57
Aldar Carillion
sharewadi Wed 19 Nov 2008 13:25
United States bankrupt says Jim Rogers
alok_bxd Wed 19 Nov 2008 12:48
Mubasher DPW shares traded error?
LOW BIDDER Wed 19 Nov 2008 09:06
Emirates Brokerage Online trading problems
sharewadi Wed 19 Nov 2008 00:32
Dubai World no debt problems
Fran Tue 18 Nov 2008 22:48
best stock rises
symbol price change
IAIC 1.06 +0.13 +14%
RAPCO 2.20 +0.20 +10%
ADSB 3.67 +0.33 +9.9%
UCC 3.42 +0.27 +8.6%
ARTC 3.40 +0.25 +7.9%
worst stock falls
symbol price change
METHAQ 3.85 -0.38 -9%
TKFL 8.80 -0.84 -8.7%
TAKAFUL-EM 1.58 -0.10 -6%
DARTAKAFUL 1.70 -0.10 -5.6%
AABAR 2.31 -0.12 -4.9%
top volume
symbol value (AED) price
SOROUH100,539,8093.26
ALDAR98,583,6555.23
EMAAR94,080,3923.06
IAIC27,085,8811.06
AIRARABIA26,094,8081.02

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