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

Thursday, July 02, 2009

UAE markets 02 Jul 2009

UAE market news & discussions for 02 July 2009

The DFM rose 0.61% to 1821 points from AED 561m of turnover with Aramex dominating trading but without the spectacular gain seen yesterday, while Emaar was back in the green after a grim week. The ADX rose 1.6% to 2671 points from turnover of AED 254m with Arkan and ADCB 10% limit up, and good rises for other bank stocks. On the Nasdaq Dubai at 14:45 UAE time, DP World is up 0.55%, Damas is up 3.7%, Depa is unchanged, and GOLD is up 0.78%.

Dubai Financial Market

Arab International Logistics (ARMX) (+1.4% to 1.41 from AED 105m) was the only stock to trade more than AED 100m worth. Most stocks were in the green with Emarat Takaful Insurance (TAKAFUL-EM) up 5.5% on heavier than usual volumes, Dar Takaful Insurance (DARTAKAFUL) up 4.4%, Gulf Navigation (GULFNAV) up 3.9%, Arabtec (ARTC) up 2.6%, and the remainder up less than 2.5% or on low volumes. There were only 3 losers: Ektitab Holding (EKTTITAB) and Emirates NBD (ENBD) on low volumes, and Drake & Scull (DSI) down 1.1% the only loser trading more than AED 1m worth.

Abu Dhabi Securities Exchange

None of the Abu Dhabi stocks traded more than AED 100m. Dana Gas (DANA), up 2.7%, and the three property companies, Ras Al Khaimah Properties (RAKPROP) (+4.2%), Aldar Properties (ALDAR) (+1.3%), and Sorouh Real Estate (SOROUH) (+1.8%) were the most actively traded stocks. Top gainers were Arkan Building Materials (ARKAN) and Abu Dhabi Commercial Bank (ADCB), both with last sales going through at 10% limit up with no sellers in the queue at the end of the day. First Gulf Bank (FGB) was also looking good with a 7.6% rise, Methaq Islamic Insurance (METHAQ) was up 4.9%, Aabar Energy (AABAR) 4.5%, Green Crescent Insurance (GCIC) 3.3%, National Bank of Abu Dhabi (NBAD) 3.2%, and the remainder up less than 3% or on low volumes, including Emirates Telecom (ETISALAT) up just 0.5%. There were 12 losers including 10% limit down closing prices for Fujairah Cement Industries (FCI), National Bank Of Ras Al Khaimah (RAKBANK), and Gulf Medical Projects (GMPC), but only Sharjah Islamic Bank (NBS), falling 1%, saw turnover of more than AED 1m.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 02 July 2009

UAE stock market news and discussions at Dubai Share Talk ...

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best stock rises
symbol price change
ALSALAMSUDAN 2.67 +0.22 +9%
RAKWCT 0.98 +0.08 +8.9%
ARKAN 4.48 +0.35 +8.5%
FGB 14.25 +1.00 +7.5%
ADCB 1.70 +0.11 +6.9%
worst stock falls
symbol price change
FCI 3.25 -0.36 -10%
RAKBANK 3.26 -0.36 -9.9%
EKTTITAB 0.99 -0.07 -6.6%
GMPC 2.55 -0.17 -6.3%
ADAVIATION 3.10 -0.15 -4.6%
top volume
symbol value (AED) price
ARMX104,742,5721.41
ARTC83,061,5392.78
RAKPROP74,393,3340.74
EMAAR71,162,9252.80
DFM56,651,3421.71

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