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

Monday, January 26, 2009

UAE markets 26 Jan 2009

UAE market news & discussions for 26 January 2009

Both UAE markets tracked higher today however, volumes traded continue to be subdued.
The DFM idex closed just over 1.0% higher at 1,504 with 119 million shares trading worth Dh111 million.
Trading was lead by gains in EMAAR, ARTC and DFM all rising over 2.0% on reasonable volume.
On the ADX, the index closed 0.35% higher at 2,196 with 57 million shares traded worth DH114 million.
Trading was lead by CBI up 3.70%, FGB steady at Dh7.40 and ALDAR down over 5.0%.
In business news of note, Global Investment House is forecasting growth in the region for 2009 will be 2.4% down from 5.2% in 2008. Standard Chartered is forecasting growth of 0.05% in 2009 for Dubai.

Dubai Financial Market

On the Dubai financial Market 15 stocks advanced and 4 declined.
The main gainers included: Air Arabia (AIRARABIA) 0.88 (3.52%), Arabtec (ARTC) 1.11 (2.77%), Deyaar Development (DEYAAR) 0.51 (6.25%), Dubai Financial Market (DFM) 0.83 (2.46%), Dubai Islamic Bank (DIB) 1.72 (2.99%) and Emaar Properties (EMAAR) 1.91 (2.13%).
Losers included: Commercial Bank of Dubai (CBD) 3.04 (5.00%) and Ajman Islamic Bank (AJMANBANK) 0.75 (1.31%).

Abu Dhabi Securities Exchange

On the ADX 17 stocks advanced and 10 declined.
In the banking sector Abu Dhabi Commercial Bank (ADCB) 1.47 up 5.76%, Commercial Bank International (CBI) 1.96 up 3.70% lead the trading.
Realestate was down with Aldar Properties (ALDAR) off 5.24% and Sorouh Real Estate (SOROUH) down 4.10%.
Energy was mixed with Aabar Energy (AABAR) up 1.50% and Abu Dhabi National Energy (TAQA) up 3.16% but Dana Gas (DANA) was lower by 1.82%.
Construction was more positive with Arkan Building Materials (ARKAN) up 0.96%, Ras Al Khaimah Cement (RAKCC) up 9.28% and most others finishing higher.
In telecoms Emirates Telecom (ETISALAT) was off by just 0.80%.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 26 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
Bank of Sharjah Sharia compliant?
lala Mon 26 Jan 2009 16:43
Banks not to publish audited annual accounts
Fran Mon 26 Jan 2009 16:18
Marketwatch ADX DFM January 2009
3973abl Mon 26 Jan 2009 15:43
Arabtec bankrupt?
spin Mon 26 Jan 2009 15:10
DP World 2008 throughput
sharewadi Mon 26 Jan 2009 12:14
DP World HSBC rating
Fran Mon 26 Jan 2009 10:03
DEYAAR 08Q4 profit Dh340m +62%
sharewadi Sun 25 Jan 2009 15:43
Union Properties convertible bond
sam111sam Sun 25 Jan 2009 12:01
SALAM_BAH 08Q4 profit Dh28m -50%
sharewadi Sun 25 Jan 2009 11:03
NMDC CEO resigns
sharewadi Sun 25 Jan 2009 10:49
RAKCC 08Q4 profit Dh40m +380%
sharewadi Sun 25 Jan 2009 10:35
Istithmar job cuts
Fran Fri 23 Jan 2009 12:05
Arabtec Meydan cancelled
sharewadi Fri 23 Jan 2009 08:45
Ajman Bank Insider Selling
robchad Fri 23 Jan 2009 02:14
Deyaar suspends developments
wisk Thu 22 Jan 2009 23:39
Deyaar 2008 profit forecast
wisk Thu 22 Jan 2009 23:10
Asmak Seychelles fish farm
Fran Thu 22 Jan 2009 19:13
best stock rises
symbol price change
ARIG 2.73 +0.35 +14.7%
RAKWCT 0.80 +0.07 +9.6%
RAPCO 1.97 +0.17 +9.4%
RAKCC 1.06 +0.09 +9.3%
NBAD 7.96 +0.66 +9%
worst stock falls
symbol price change
RAKBANK 3.64 -0.40 -9.9%
UCC 2.21 -0.19 -7.9%
GGICO 3.60 -0.20 -5.3%
ALDAR 2.35 -0.13 -5.2%
CBD 3.04 -0.16 -5%
top volume
symbol value (AED) price
ALDAR33,823,9512.35
EMAAR24,901,5911.91
ARTC20,672,5741.11
CBI18,797,5031.96
FGB16,042,2937.40

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