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

Monday, May 25, 2009

UAE markets 25 May 2009

UAE market news & discussions for 25 May 2009

After the solid gains yesterday, it probably wasn't a surprise that the UAE markets slipped back today, with heavy selling of Emaar shares at the start of trading but not before the share price briefly cracked 3 dhs. Methaq Insurance in Abu Dhabi was limit up yet again, trading at prices that just look silly compared to anything else in the UAE. Is there another Arkan story there? The DFM overall fell 1.4% to 1710 points from AED 791m of trading while the ADX was relatively unchanged with a 0.13% fall to 2623 points from AED 212m worth of trading. On the Nasdaq Dubai at 15:45 UAE time, DP World is down 6.4%, Boulder Steel and Depa are unchanged, and there have been small single trades in several of the derivatives, almost all in the green by 1% to 7%.

Dubai Financial Market

Emaar Properties (EMAAR) was the most heavily traded stock in Dubai with 334m worth of trading - about the same as yesterday - and falling 2.4% to 2.88. Arabtec (ARTC) was also busy with AED 181m worth of deals and a 3.0% fall to 2.60. Dubai Financial Market (DFM) shares were in third place on turnover with just under AED 100m worth, and fell 3.5% to 1.37. Emarat Takaful Insurance (TAKAFUL-EM) was the worst of the more active stocks, with a 5.6% fall to 1.34. Deyaar Development (DEYAAR) fell 3.1% and the remainder fell by less than 3% or on low volumes. Out of the 4 gainers, only Shuaa Capital (SHUAA) (+3.8%) and Air Arabia (AIRARABIA) (+1.0%) saw traded value of more than AED 1m.

Abu Dhabi Securities Exchange

Dana Gas (DANA) was the most active stock in Abu Dhabi with a 1.8% fall to 1.08 but from just AED 56m worth of deals. Green Crescent Insurance (GCIC), falling 2.3%, was the worst of the more active losers, Abu Dhabi National Energy (TAQA) fell 2.2%, First Gulf Bank (FGB) 2.1%, and the remaining losers were down less than 2% or on low volumes. Several stocks were unchanged including Emirates Telecom (ETISALAT), Waha Capital (OILC), and Bank of Sharjah (BOS). Methaq Islamic Insurance (METHAQ) was 10% limit up again to close at 5.17.Abu Dhabi National Hotels (ADNH) and Sorouh Real Estate (SOROUH) were the only other gainers on turnover of more than AED 1m, both rising by less than 1%.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 25 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
DIC Dividend Chq's
sharewadi Mon 25 May 2009 15:59
Market Watch
sam111sam Mon 25 May 2009 15:37
GGICO 2008Q4 loss Dh-24m -112%
FS123 Sun 24 May 2009 11:09
What is best buy 2405?
small fry Sun 24 May 2009 09:48
UAE withdraws from GCC monetary union
shareef.abdulka Sun 24 May 2009 08:37
Drake Scull Kingdom of Sheba contract
MAGANG Thu 21 May 2009 14:33
Sharewadi Annual Meeting - (Suggestions)
sharewadi Thu 21 May 2009 14:31
Wall Street virtual stock trade game
wallsctockbe Wed 20 May 2009 20:32
Aldar vs Sorouh vs RAK Properties
thajuddeen Wed 20 May 2009 17:29
UPP buy or sell?
maq3012 Tue 19 May 2009 15:43
Dubai Mall Rental Revenue Dsh950 in 2009
sammy Tue 19 May 2009 13:01
DIC dividends
dxb Mon 18 May 2009 21:32
RAK Properties dividend
Tenbagger Mon 18 May 2009 20:48
What if I be a full time trader?
limitup Sun 17 May 2009 16:47
Gulf Navigation recovery not yet
sharewadi Sun 17 May 2009 13:33
Air Arabia shares sell?
limitup Sat 16 May 2009 19:47
Credit Suisse report UAE banks
D0nQuixote Fri 15 May 2009 10:23
best stock rises
symbol price change
NBQ 3.30 +0.30 +10%
METHAQ 5.16 +0.47 +10%
GMPC 3.07 +0.27 +9.6%
QCEM 0.97 +0.05 +5.4%
GULFA 2.58 +0.12 +4.9%
worst stock falls
symbol price change
ARIG 2.21 -0.24 -9.8%
SCIDC 2.11 -0.14 -6.2%
TAKAFUL-EM 1.34 -0.08 -5.6%
EKTTITAB 1.03 -0.06 -5.5%
DFM 1.37 -0.05 -3.5%
top volume
symbol value (AED) price
EMAAR333,709,2382.88
ARTC181,613,6872.60
DFM99,015,4721.37
DANA56,413,5251.07
DIC41,572,8261.19

Blog Archive