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

Tuesday, November 25, 2008

UAE markets 25 Nov 2008

UAE market news & discussions for 25 November 2008

UAE markets steadied today as the DFM and ADX index both closed up. Trading on both markets was more sensible as some stocks rose and others declined. This trading session better reflects economic fundamentals as investors start discriminating between companies that are strong and other that are weak. It makes a change from panic trading where all stocks are marked up or down equally. Of course one session does not constitute a less volatile time ahead but these days we take the good news when we can get it.
The DFM index closed up by 2.6% at 1,862 on volume of 396 million shares traded worth 598 million dirhams. Trading was lead by ARTC closing limit up at 3.38 as news emerged of a possible 1:1 bonus share rights issue at zero premium. EMAAR also closed up by more than 3.00% on huge turnover of 83 million shares as the big 3 developers talked about increasing cooperation to manage housing supply.
On the ADX the index closed 1.00% higher at 2,730 on volume of 96 million shares traded worth 288 million dirhams. Trading was dominated by the REALESTATE sector with ALDAR up 4.7%, SOROUH up 4.3% and RAKPROP up 3.2%.
NASDAQ DUBAI
DPW closed 13% and DEPA 2.2% higher.

Dubai Financial Market

On the Dubai Financial Market, 18 stocks advanced and 6 declined.
Stocks to gain included: Air Arabia (AIRARABIA) and Ajman Islamic Bank (AJMANBANK) up 1.0%, ARAMEX and Dubai Islamic Bank (DIB) up 6%, Gulf Navigation (GULFNAV) up 3.8% and National General Cooling (TABREED) up 7.5%.
The main stock to decline was Dubai Financial Market (DFM) losing 6.5% to 1.14 dirhams.

Abu Dhabi Securities Exchange

On the ADX, 20 stocks advanced and 8 declined.
Stocks to gain included: Commercial Bank International (CBI) and WAHA closed limit up. All the energy stocks did well Aabar Energy (AABAR) up 2.7%, Dana Gas (DANA) up 4.6% and Abu Dhabi National Energy (TAQA) up 2.3%. Rounding out the gainers was Arkan Building Materials (ARKAN) up 7.6% and Emirates Telecom (ETISALAT) up 1.6%.
Stocks to decline included: Abu Dhabi Commercial Bank (ADCB) down 1.7%, First Gulf Bank (FGB) down 5.60% and Methaq Islamic Insurance (METHAQ) down 8.0%.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 25 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
Arabtec capital increase
sharewadi Tue 25 Nov 2008 15:22
Gulf Navigation buyback
sharewadi Tue 25 Nov 2008 15:16
Gulf Navigation dividend
spin Tue 25 Nov 2008 15:09
Marketwatch DFM ADX November 2008
jhar Tue 25 Nov 2008 15:07
AMLAK TAMWEEL suspended ... delisted?
sharewadi Tue 25 Nov 2008 13:34
Will most stocks fall below AED 1
small fry Tue 25 Nov 2008 09:02
Citi bailout ... oops
sharewadi Tue 25 Nov 2008 01:45
Have we reached the bottom Yet !
rajawt Tue 25 Nov 2008 01:22
Emaar Nakheel merger
sharewadi Tue 25 Nov 2008 01:12
Abu Dhabi buys into Dubai
sharewadi Tue 25 Nov 2008 01:07
Emirates Development Bank
sharewadi Tue 25 Nov 2008 00:35
What would you buy?
bandakok Tue 25 Nov 2008 00:07
No Emirates Etihad merger
Fran Mon 24 Nov 2008 18:28
Amlak Tamweel merger
Fran Mon 24 Nov 2008 17:27
FGB share buyback
sharewadi Mon 24 Nov 2008 15:57
Pump and dump rally due in DFM
sam111sam Mon 24 Nov 2008 15:55
Shuaa share buyback
DXB_knight Mon 24 Nov 2008 12:43
best stock rises
symbol price change
ARTC 3.38 +0.44 +15%
GGICO 6.98 +0.88 +14.4%
OILC 0.77 +0.07 +10%
CBI 1.81 +0.16 +9.7%
JULPHAR 1.38 +0.11 +8.7%
worst stock falls
symbol price change
INVESTB 2.04 -0.22 -9.7%
METHAQ 3.22 -0.29 -8.3%
DFM 1.14 -0.08 -6.6%
FGB 9.77 -0.58 -5.6%
ALFIRDOUS 0.98 -0.05 -4.9%
top volume
symbol value (AED) price
EMAAR221,110,6532.56
SOROUH88,932,8733.06
DFM88,595,2001.14
ALDAR84,543,1755.09
ARTC69,660,5693.38

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