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

Thursday, November 27, 2008

UAE markets 27 Nov 2008

UAE market news & discussions for 27 November 2008

UAE markets rallied today largely on the strength of Realestate stocks. Volumes remain low but trading is less erratic as investors start to focus on end of year results. The UAE Government has also played its part higlighting the UAE's fundamental financial strength.
The DFM index closed 3% up at 1,928 on volume of 348 milion shares traded worth 577 dirhams. ARTC again lead the trading closing limit up at 4.46 dirhams for the third day in a row. EMAAR and DFM both closed nearly 10% higher on strong volumes.
The ADX index closed 1.3% up at 2,720 on volume of 67 million shares traded worth 141 million dirhams. Trading was lead by Realestate stocks and a strong performance by ETISALAT up 3.0%.
NASDAQ DUBAI (1630)
DPW up 3.0% and DEPA up 4.0%.

Dubai Financial Market

On the Dubai Financial Market 12 stocks advanced and four declined.
The realestate sector lead the way rising by 9.5%.
Other gainers on significant volume included: Air Arabia (AIRARABIA) up 3.2%, Deyaar Development (DEYAAR), Dubai Investment Company (DIC), Emirates Integrated Telecommunications (DU) up 6.0% and Gulf Navigation (GULFNAV) up 7.0%.
Gulf General Investment (GGICO) down 4.0% was the only loser on significant volume

Abu Dhabi Securities Exchange

On the ADX 20 stocks advanced and 11 declined.
Apart from REALESTATE stocks, ENERGY stocks had a strong day with Aabar Energy (AABAR) up 3.5% and Dana Gas (DANA) up 4.5%. Abu Dhabi National Energy (TAQA) closed down 1.57%.
BANKS were strong lead by Abu Dhabi Commercial Bank (ADCB) up 3.3%. However, First Gulf Bank (FGB) continued to fall down 1.5%.
In CONSTRUCTION, Arkan Building Materials (ARKAN) closed up 1.5% with the rest steady on low trading volume.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 27 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
UAE Market may rebound 20% or more in Dec 200
nazar Thu 27 Nov 2008 15:27
Gulf Navigation buyback
sharewadi Thu 27 Nov 2008 11:42
Arabtech Insider Trading 3 Million Shares
spin Thu 27 Nov 2008 10:51
Air Arabia share prices suppose to fall
D0nQuixote Thu 27 Nov 2008 10:08
Have we reached the bottom Yet !
rmhumr Thu 27 Nov 2008 09:14
Dubai real estate boom over
stylinexpat Thu 27 Nov 2008 08:03
Pump and dump rally due in DFM
sharewadi Thu 27 Nov 2008 00:29
Nasdaq affinity program
sharewadi Wed 26 Nov 2008 10:20
NBQ GLOBAL convertible bond
sharewadi Wed 26 Nov 2008 09:53
Abu Dhabi Finance
rmhumr Wed 26 Nov 2008 07:30
Damac 2008 M9 profits AED500m
sharewadi Wed 26 Nov 2008 01:23
DAMAC IPO
sharewadi Wed 26 Nov 2008 01:14
Arabtec capital increase
zayda Tue 25 Nov 2008 22:19
Abu Dhabi mortgage company
Fran Tue 25 Nov 2008 21:15
Citi bailout ... oops
stylinexpat Tue 25 Nov 2008 19:24
SKF Shares
stylinexpat Tue 25 Nov 2008 19:14
Gulf Navigation dividend
spin Tue 25 Nov 2008 15:09
best stock rises
symbol price change
ARTC 4.46 +0.58 +14.9%
DARTAKAFUL 1.42 +0.14 +10.9%
EMAAR 2.81 +0.25 +9.8%
DFM 1.27 +0.11 +9.5%
TAKAFUL-EM 1.28 +0.11 +9.4%
worst stock falls
symbol price change
NCTH 7.30 -0.81 -10%
NMDC 5.42 -0.60 -10%
GCEM 2.45 -0.25 -9.3%
GMPC 4.08 -0.41 -9.1%
JULPHAR 1.30 -0.13 -9.1%
top volume
symbol value (AED) price
EMAAR213,816,8232.81
ARTC88,751,1114.46
DFM83,417,5831.27
ALDAR43,144,7075.17
GULFNAV40,331,6590.88

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