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

Thursday, December 25, 2008

UAE markets 25 Dec 2008

UAE market news & discussions for 25 December 2008

The markets started off badly but recovered somewhat later in the trading session although they still ended in the red. The DFM fell 1.4% to 1587 points with turnover of AED 222m from 170m shares, and the ADX fell 1.9% to 2282 points with turnover of AED 83m from 47m shares. Arabtec stood out in Dubai with 15% limit up trading at the end of the session, and Aramex also saw a decent rise.

UAE markets are closed on Sunday 28 December 2008 for the Al Hijra New Year, and on Thursday 01 January 2009 for the Gregorian New Year. Asian stocks rose slightly this morning, US and European markets are closed for Christmas.

Dubai Financial Market

Emaar Properties (EMAAR) was at the top of the turnover list with AED 82m worth of trading and a 1.8% fall to 2.21, followed by Arabtec (ARTC) with a 15% limit up rise to 3.99 putting it at the top of the gainers list. Arab International Logistics (ARMX) also had a good day with an 8.2% rise to 0.92, Emarat Takaful Insurance (TAKAFUL-EM) was up 6.1% on thin trading, Dubai Financial Market (DFM) 2.7%, Ajman Islamic Bank (AJMANBANK) 2.2%, and Al Salam Bank (SALAM_BAH) 1.3% completing the list of stocks rising. Union Properties (UPP) was the worst of the losers on active trading, falling 7.9% to 0.70, Shuaa Capital (SHUAA) fell 7.5% on thin trading, Emirates Integrated Telecommunications (DU) was down 6.2%, Deyaar Development (DEYAAR) 5.6%, and the remainder fell less than 5% or on thin trading.

Abu Dhabi Securities Exchange

Emirates Telecom (ETISALAT) was, unusually, at the top of the turnover list although trading was still thin with only AED 15.4m worth of deals, and stocks fell 1.9% to 9.80. Arkan Building Materials (ARKAN) was the only other stock with more than AED 10m worth of turnover, and rose marginally by 0.17% to 5.85. Sorouh Real Estate (SOROUH) was the top gainer rising by just 1.5% to 2.82. The other 5 gainers rose less than 1%. The worst six losers fell by 8%-10% but on thin turnover, with three of them falling on single trades of just 10 shares - meaning the value of the shares traded was less than the brokerage fees on the deal for two of them. Abu Dhabi Islamic Bank (ADIB) was the worst of the losers on turnover of more than AED 1m, falling 7.9% to 2.46, Abu Dhabi Commercial Bank (ADCB) fell 6.4%; Waha Capital (OILC), Dana Gas (DANA), Commercial Bank International (CBI), National Marine Dredging (NMDC), and Sharjah Islamic Bank (NBS) all fell about 3% to 3.5%, and the remaining losers fell less than 2% or on thin trading.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 25 December 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
Access to Asian markets from Dubai
chinainvest Thu 25 Dec 2008 14:09
Whats Going On?!
bandakok Thu 25 Dec 2008 13:22
Bigger 2009 Dubai budget
FMan Thu 25 Dec 2008 10:19
New Year break ?
FMan Thu 25 Dec 2008 07:42
How we can make money?
bandakok Thu 25 Dec 2008 01:20
Amlak Tamweel merger
Bimcnorth Wed 24 Dec 2008 23:30
EMAAR shares suspended
sharewadi Wed 24 Dec 2008 18:34
Emaar share buyback
sharewadi Wed 24 Dec 2008 18:32
FGB share buyback
sharewadi Wed 24 Dec 2008 18:16
FGB to Modify Foriegn Ownership Limit
sam111sam Wed 24 Dec 2008 17:29
ARTC 2008 profit forecast AED1bn
sam111sam Wed 24 Dec 2008 17:04
UAE job cuts
Mpower Wed 24 Dec 2008 14:48
Have we reached the bottom yet!
investor Wed 24 Dec 2008 09:45
All faith lost in dubai stocks
glued Wed 24 Dec 2008 07:22
Mubadala First Gulf Bank loan
Bimcnorth Wed 24 Dec 2008 02:12
Winners of the Financial Crises!
Bimcnorth Wed 24 Dec 2008 01:47
Global Investment House default risk
Bimcnorth Wed 24 Dec 2008 01:30
best stock rises
symbol price change
ARTC 3.99 +0.52 +15%
ARMX 0.92 +0.07 +8.2%
TAKAFUL-EM 1.04 +0.06 +6.1%
DFM 1.14 +0.03 +2.7%
AJMANBANK 0.92 +0.02 +2.2%
worst stock falls
symbol price change
AWNIC 8.43 -0.93 -9.9%
OEIHC 2.21 -0.24 -9.8%
QCEM 1.05 -0.11 -9.5%
AKIC 0.98 -0.10 -9.3%
DARTAKAFUL 0.96 -0.09 -8.6%
top volume
symbol value (AED) price
EMAAR82,356,9982.21
ARTC37,458,4203.99
AIRARABIA24,035,9250.84
DFM17,678,3991.14
ETISALAT15,413,6059.71

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