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

Sunday, January 11, 2009

UAE markets 11 Jan 2009

UAE market news & discussions for 11 January 2009

The UAE markets closed in opposite directions today. The DFM index closed up 0.39% at 1,735 and the ADX index closed 1.06% down at 2,500. The value of shares traded was Dhs 143 million on the DFM and Dhs 113 million on the ADX.
Movers on the DFM were DIB up 4.10%, ARTC down 5.39% and AIRARABIA down 2.12%.
Movers on the ADX were RAKCC up 9.91%, FGB down 5.57% and SOROUH down 8.03%.
Business news was dominated by the release of the Dubai budget as the Government plans a small deficit to help stimulate the economy. Public spending will rise by 42% over the last budget.

Dubai Financial Market

On the Dubai Financial Market 9 stocks advanced and thirteen declined.
Stock to advance included: Deyaar Development (DEYAAR) 0.54 (1.88%), Emirates NBD (ENBD) 3.62 (4.92%) on 8000 shares traded, Union Properties (UPP) 0.78(1.29%) and National General Cooling (TABREED) 0.57 (1.78%).
Stocks to decline included: Dubai Financial Market (DFM) 1.33 (0.74%), Emaar Properties (EMAAR) 2.41 (0.41%) and Air Arabia (AIRARABIA) 0.92 (2.12%).

Abu Dhabi Securities Exchange

On the ADX 12 stocks advanced and 18 declined.
The following stocks advanced all on small volumes: Abu Dhabi Commercial Bank (ADCB) 2.03 (0.50%), National Bank of Abu Dhabi (NBAD) 10.05 (1.62%), Agthia Group (AGTHIA) 1.13 (1.80%), Ras Al Khaimah Cement (RAKCC) 1.22 (9.91%) and Emirates Telecom (ETISALAT) 10.60 (0.95%).
Stocks to decline included: First Gulf Bank (FGB) down 5.57% and Abu Dhabi Islamic Bank (ADIB) down 2.03%.
Property stocks were all down Aldar Properties (ALDAR) down 3.15%, RAKRPOP down 1.89% and Sorouh Real Estate (SOROUH) down 8.03%.
Energy stocks were also lower; Aabar Energy (AABAR) down 2.63% and Abu Dhabi National Energy (TAQA) down 5.13%.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 11 January 2009

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 bankrupt?
spin Sun 11 Jan 2009 15:00
Marketwatch ADX DFM January 2009
maq3012 Sun 11 Jan 2009 14:48
FGB share buyback
sharewadi Sun 11 Jan 2009 14:30
Damas Kiku Pearls
sharewadi Sun 11 Jan 2009 14:06
RAKIA properties Mashreq trust manager
sharewadi Sun 11 Jan 2009 13:14
2008 forecasts DFM ADX DIFX
sharewadi Sun 11 Jan 2009 13:07
Aramex acquisitions
sharewadi Sun 11 Jan 2009 13:05
NMDC CEO resigns
sharewadi Sun 11 Jan 2009 12:23
Aldar new COO
sharewadi Sun 11 Jan 2009 10:46
Surouh (the elephant in the room)
rmhumr Sun 11 Jan 2009 09:26
Dubai budget 2009
sharewadi Sat 10 Jan 2009 19:07
UAE job cuts
sharewadi Sat 10 Jan 2009 10:33
Abandoned cars Dubai
sharewadi Sat 10 Jan 2009 10:18
Global Investment House default
Bimcnorth Sat 10 Jan 2009 01:26
DEPA buyback
sharewadi Sat 10 Jan 2009 00:25
Depa EGM November 2008
sharewadi Sat 10 Jan 2009 00:15
Arabtec Meydan cancelled
sharewadi Fri 09 Jan 2009 23:36
best stock rises
symbol price change
GMPC 3.87 +0.35 +9.9%
RAKCC 1.22 +0.11 +9.9%
METHAQ 4.60 +0.41 +9.8%
GCEM 3.08 +0.27 +9.6%
CBI 1.91 +0.16 +9.1%
worst stock falls
symbol price change
BOS 1.62 -0.18 -10%
RAKBANK 4.79 -0.53 -10%
BILDCO 2.83 -0.31 -9.9%
GLOBAL 4.75 -0.52 -9.9%
FH 5.00 -0.53 -9.6%
top volume
symbol value (AED) price
EMAAR40,684,2332.41
ARTC36,718,3231.93
SOROUH30,794,3913.78
FGB30,269,4069.49
DFM25,898,4301.33

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