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

Monday, April 27, 2009

UAE markets 27 Apr 2009

UAE market news & discussions for 27 April 2009

It was a grim day on the UAE markets with limit down closing prices for several stocks, including Aldar Properties and National Bank of Abu Dhabi which both released 2009 Q1 results today. Abu Dhabi ADX fell 2.8% to 2473 points with turnover at AED 225m, and Dubai DFM fell 4.25% to 1569 points from AED 376m worth of trading. The Nasdaq Dubai also saw falls in several stocks - DP World down 3.8%, Depa 5%, DP World derivatives 2.3%, and ADCB derivatives 1.25%, while GOLD gained 2.0%.

Dubai Financial Market

There were no stocks trading more than AED 100m in Dubai today. Emaar Properties (EMAAR) (-7.7%) and Arabtec (ARTC) (-7.3%) were the most heavily traded by value but not the worst losers. Deyaar Development (DEYAAR), Dubai Investment Company (DIC), and Al Salam Bank Sudan (ALSALAMSUDAN) all closed 10% limit down, followed by falls of more than 8% for Dar Takaful Insurance (DARTAKAFUL) and Emarat Takaful Insurance (TAKAFUL-EM) although volumes were low except for Deyaar and Dubai Investments. Gulf Navigation (GULFNAV) and Ajman Islamic Bank (AJMANBANK) fell more than 7%, and most other stocks fell between 3% and 6%. Air Arabia (AIRARABIA) was the least bad loser with a fall of just 2.15%. There were only two gainers, Gulf General Investment (GGICO) up 3.2% and Emirates NBD (ENBD) up 2.2%, both on turnover of much less than AED 1m.

Abu Dhabi Securities Exchange

Eight stocks closed at 10% limit down prices in Abu Dhabi today - Aldar Properties (ALDAR), also the most heavily traded with AED 77m worth of deals, Sorouh Real Estate (SOROUH), Dana Gas (DANA), Ras Al Khaimah Properties (RAKPROP), Waha Capital (OILC), Sharjah Islamic Bank (NBS), International Fish Farming (ASMAK), and National Bank of Abu Dhabi (NBAD). Almost all other stocks were also in the red, including Emirates Telecom (ETISALAT) dropping just 0.6%, First Gulf Bank (FGB) down 4.3%, and Abu Dhabi National Energy (TAQA) down 4.7%. Only 4 stocks were in the green, and only Commercial Bank International (CBI), with unusually high trading levels, saw more than AED 1m of turnover as it closed 10% limit up at 1.87.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 27 April 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
Aldar 2009Q1 profit AED889m -35%
sharewadi Mon 27 Apr 2009 17:06
Where is the next party ?
sam111sam Mon 27 Apr 2009 16:30
Emaar projects not on hold
limitup Mon 27 Apr 2009 16:28
NBAD 2009Q1 profit AED710m +9%?
sharewadi Mon 27 Apr 2009 16:24
DST member introductions
sharewadi Mon 27 Apr 2009 16:13
Dubai Share Talk member ranks
sharewadi Mon 27 Apr 2009 16:06
MEED Dubai Finance report inaccurate?
sharewadi Mon 27 Apr 2009 15:59
Dubai Rents Going Down
yusmar Mon 27 Apr 2009 14:24
UAE dividend checks?
jhar Mon 27 Apr 2009 12:30
Aramex EFG LTFV update
AUHanalyst Mon 27 Apr 2009 07:12
DP World $2.30 on Mubasher!?
jhar Sun 26 Apr 2009 20:40
ARTC insider selling today
Foxy Sun 26 Apr 2009 19:59
Gulf Navigation buyback
sharewadi Sun 26 Apr 2009 18:25
GLOBAL 2009FY loss KWD297m
sharewadi Sun 26 Apr 2009 18:20
UAE 2008 profits Global report
sharewadi Sun 26 Apr 2009 18:11
Gulfnav 2009Q1 profit 6.4m -86%
sharewadi Sun 26 Apr 2009 17:59
Deyaar 2009Q1 profit AED54.5m -73%
sharewadi Sun 26 Apr 2009 17:52
best stock rises
symbol price change
CBI 1.80 +0.10 +5.9%
GGICO 1.93 +0.06 +3.2%
RAKCEC 1.28 +0.03 +2.4%
EMIRATESNBD 2.76 +0.06 +2.2%
RAKWCT 0.77 +0.01 +1.3%
worst stock falls
symbol price change
DIC 1.17 -0.13 -10%
ALSALAMSUDAN 2.07 -0.23 -10%
ASMAK 24.10 -2.65 -9.9%
RAKPROP 0.58 -0.06 -9.4%
DEYAAR 0.61 -0.06 -9%
top volume
symbol value (AED) price
ARTC87,344,0101.93
ALDAR76,808,8133.35
EMAAR61,911,7052.30
DSI38,255,1780.74
SOROUH35,292,2282.49

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