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

Sunday, May 10, 2009

UAE markets 10 May 2009

UAE market news & discussions for 10 May 2009

UAE markets started off the week positively with broad gains including a solid rise on heavy trading for Arabtec, despite high levels of insider selling. The DFM was up 2% to 1676 points from AED 1.16 billion turnover, and the ADX was up 0.9% to 2644 points from turnover of AED 468m. On the Nasdaq Dubai, DP World was unchanged at $0.36, Boulder Steel shot up 23% from a couple of trades, but that was less than $0.01, and Depa fell 3.85% to $0.425.

Dubai Financial Market

Arabtec (ARTC) was the most heavily traded stock in Dubai with just over AED 400m worth of turnover and a solid 7.95% rise to 2.58 putting it at the top of the gainers list also. Three other stocks traded more than AED 100m worth: Emaar Properties (EMAAR) up 4.4%, Drake & Scull (DSI) up 3.8%, Air Arabia (AIRARABIA) up 3.2%. Other gainers included Dubai Financial Market (DFM) up 3.7%, Deyaar Development (DEYAAR) up 3.2% and most other actively traded stocks up less than 3%. Gulf Navigation (GULFNAV) and Union Properties (UPP) were unchanged, and Arab International Logistics (ARMX) was the only one of 5 losers trading more than AED 1m as it fell just 0.87%.

Abu Dhabi Securities Exchange

Aldar Properties (ALDAR) and Sorouh Real Estate (SOROUH) were the only stocks trading more than AED 100m, with gains of 2.8% and 2.5% respectively. Sharjah Cement (SCIDC) closed 10% limit up on greater than usual trading. National Marine Dredging (NMDC), Abu Dhabi Ship Building (ADSB), and Gulf Pharmaceutical Industries (JULPHAR) also closed 10% limit up but on total turnover of less than AED 100,000 between them. Most of the actively traded stocks rose less than 3% including Abu Dhabi Commercial Bank (ADCB) up 2.6%, Dana Gas (DANA) up 2.25%, First Gulf Bank (FGB) up 2.2%, and National Bank of Abu Dhabi (NBAD) up 0.49%. There were only 6 losers, and only Emirates Telecom (ETISALAT) saw turnover of more than AED 1m, falling just 0.5% to 10.00.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 10 May 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
ARTC insider selling today
sharewadi Sun 10 May 2009 19:24
Best UAE broker?
sharewadi Sun 10 May 2009 19:16
Market Watch
thajuddeen Sun 10 May 2009 18:29
Credit Suisse Report on UAE Banks
sam111sam Sun 10 May 2009 17:10
Stuck with Shuaa?
moor Sun 10 May 2009 16:52
This site is going up!
MYREDMARKS Sun 10 May 2009 15:46
DSI BOD meeting?
dxb Sun 10 May 2009 15:43
Sharewadi Annual Meeting - (Suggestions)
MYREDMARKS Sun 10 May 2009 15:16
Air Arabia 2008Q4 profit AED136m +45%
joeoma Sun 10 May 2009 12:52
Arabtec new projects $4.5 billion!
spin Sun 10 May 2009 10:26
Aldar vs Sorouh vs RAK Properties
sam111sam Sun 10 May 2009 08:26
AA dividend
sharewadi Sat 09 May 2009 13:29
Air Arabia 2009Q1 profit AED103m +32%
sharewadi Sat 09 May 2009 13:15
Rak Prop dividend
Tenbagger Fri 08 May 2009 14:03
Drake Scull buyback
Tenbagger Thu 07 May 2009 22:34
Where is the next party ?
AUHanalyst Thu 07 May 2009 20:32
DP World Adelaide partnership
sharewadi Thu 07 May 2009 18:12
best stock rises
symbol price change
NMDC 7.92 +0.72 +10%
ADSB 3.71 +0.33 +9.8%
JULPHAR 1.38 +0.11 +8.7%
RAKBANK 3.69 +0.28 +8.2%
SCIDC 2.13 +0.16 +8.1%
worst stock falls
symbol price change
TKFL 5.35 -0.53 -9%
ALFIRDOUS 0.99 -0.05 -4.8%
AKIC 0.83 -0.03 -3.5%
GGICO 1.94 -0.06 -3%
GCEM 2.47 -0.07 -2.8%
top volume
symbol value (AED) price
ARTC408,267,7802.58
EMAAR185,160,6892.59
ALDAR174,977,9134.00
DSI150,776,7250.82
AIRARABIA140,124,9340.97

Blog Archive