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

Monday, March 23, 2009

UAE markets 23 Mar 2009

UAE market news & discussions for 23 March 2009

Both markets climbed again today, with DFM up 1.1% to 1558 points from just over half a billion dirhams worth of trading, and the ADX up 0.54% to 2425 on turnover of AED 246m - a good increase from the subdued levels seen yesterday and last week. Big news was the Aabar purchase of a stake in Germany's Daimler which prompted a large rise in Aabar shares early in the session. On the Nasdaq Dubai, DP World is up another cent today, and is the only stock traded apart from a single trade in DFM derivatives, unchanged at 1.21.

Dubai Financial Market

Air Arabia (AIRARABIA) was the only stock with more than AED 100m of turnover in Dubai, rising a solid 5.15% to 1.02. Emaar Properties (EMAAR) was up 4.8%, Dubai Islamic Bank (DIB) 5.9% also taking the top gainer's spot (ignoring the two thinly traded secondary listings), and Ajman Islamic Bank (AJMANBANK) recovered 2.8% from yesterday's fall. Those three stocks had turnover of between AED 50m and AED 100m. Al Sagr National Insurance (ASNIC) rose 4.8% from one large trade, and the remaining gainers were up less than 2% or on low volumes. There were 6 losers, including Dubai Investment Company (DIC) down 6.6% after proposing a 10% share dividend, Emirates NBD (ENBD) down 3.5%, and Gulf Navigation (GULFNAV) down 3.3%.

Abu Dhabi Securities Exchange

After the Daimler news, Aabar Energy (AABAR) had a decent 4% rise to 1.79 but it wasn't the star stock today. Punters saw heavier trading and more activity for Abu Dhabi National Energy (TAQA), up 5.9% to 1.80, and Aldar Properties (ALDAR), up 5.5% to 2.55. Sorouh Real Estate (SOROUH) was also more active, gaining 3.5% to 2.36. Waha Capital (OILC) stood out with limit up trading at 0.83 by the end of the session, Arkan Building Materials (ARKAN) was also 10% limit up with lower volumes, and National Bank Of Ras Al Khaimah (RAKBANK) and Gulf Pharmaceutical Industries (JULPHAR) joined the limit up list on just a single trade each. Methaq Islamic Insurance (METHAQ) rose 6.8%, Agthia Group (AGTHIA) 3.2%, Ras Al Khaimah Properties (RAKPROP) 2.2%, and the remainder rose less than 2% or on thin trading. In the loser's list, 7 stocks fell on less than AED 1m of turnover, including First Gulf Bank (FGB) with a 7.3% drop, while only Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) saw volumes of more than AED 1m, with falls of 0.59% and 4.5% respectively.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 23 March 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
Is this the right time to enter again?
sharewadi Mon 23 Mar 2009 16:02
Etisalat CEO resignation
sharewadi Mon 23 Mar 2009 15:42
Aabar buys Daimler stake
sharewadi Mon 23 Mar 2009 15:38
Salam Bank Bahrain Saudi merger
sharewadi Mon 23 Mar 2009 15:21
DEYAAR 08Q4 profit Dh340m +62%
sharewadi Mon 23 Mar 2009 15:18
EIC 2008Q4 profit Dh6.4m -75%
sharewadi Mon 23 Mar 2009 15:15
DIC 2008Q4 loss AED110m -125%
sharewadi Mon 23 Mar 2009 15:12
Aramex EFG Hermes report
sharewadi Mon 23 Mar 2009 14:50
UAE Sheikh Ahmed Juma dies
sharewadi Mon 23 Mar 2009 10:40
Economy on the way up?
sam111sam Mon 23 Mar 2009 08:39
Jim Cramer busted
rmhumr Mon 23 Mar 2009 08:11
UNB 2008Q4 profit Dh100m -70%
sharewadi Sun 22 Mar 2009 16:46
FGB pays off loan
Bimcnorth Sun 22 Mar 2009 15:59
Green Crescent IPO
sharewadi Sun 22 Mar 2009 15:16
Green Crescent listing date
sharewadi Sun 22 Mar 2009 15:13
Ajman Bank volumes
adeelakhtar Sun 22 Mar 2009 14:36
1st 2009 Quarter record losses
Bimcnorth Sat 21 Mar 2009 18:14
best stock rises
symbol price change
ARKAN 5.02 +0.45 +9.8%
RAKBANK 2.83 +0.25 +9.7%
JULPHAR 1.40 +0.12 +9.4%
FH 4.36 +0.37 +9.3%
EKTTITAB 0.72 +0.06 +9.1%
worst stock falls
symbol price change
NMDC 5.83 -0.61 -9.5%
NBQ 3.50 -0.35 -9.1%
RAPCO 1.84 -0.16 -8%
FGB 8.00 -0.63 -7.3%
AKIC 0.77 -0.06 -7.2%
top volume
symbol value (AED) price
AIRARABIA109,831,5831.02
EMAAR83,584,9032.19
DIB65,033,9212.53
AJMANBANK58,080,1861.09
ALDAR56,678,0142.50

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