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

Tuesday, July 07, 2009

UAE markets 07 Jul 2009

UAE market news & discussions for 07 July 2009

The ADX fell 0.3% to 2618 points from turnover of AED 138m due mostly to a fall in the two heavyweights, Etisalat and NBAD, despite most of the more active stocks in the green. The DFM gained 2.25% to 1760 points from AED 301m of turnover with all stocks in the green except for Du and Emirates NBD. On the Nasdaq Dubai at 14:45 UAE time, DP World is down 2.5%, Damas is down 7.4%, and a handful of derivative trades in DIB, Arabtec, and ADCB are all in the green.

Dubai Financial Market

Emaar Properties (EMAAR) was the most active stock but still only traded AED 70m worth as it rose 4.4% to 2.59. Kuwait Finance and Investment (KFIC), a Kuwait secondary listing, was 15% limit up on what must be one of the smallest trades ever seen - just 7 shares. Deyaar Development (DEYAAR) topped the list of more active gainers with a 5.7% rise to 0.74, followed by Dubai Financial Market (DFM) and Arabtec (ARTC) up just over 5%. Shuaa Capital (SHUAA) was up 4.1% and most other stocks rose between 1% and 4%. Emirates Integrated Telecommunications (DU) fell 0.39% and Emirates NBD (ENBD) was unchanged.

Abu Dhabi Securities Exchange

The three Abu Dhabi property listings were the most active stocks but the best of them, Aldar Properties (ALDAR) up 2.8%, still only saw just over AED 25m worth of deals. Sorouh Real Estate (SOROUH) and Ras Al Khaimah Properties (RAKPROP) were up about 1.5% each. Methaq Islamic Insurance (METHAQ) was the best gainer, rising 5.6% to 5.38, Abu Dhabi Aviation (ADAVIATION) was up 3.7%, Abu Dhabi Commercial Bank (ADCB) 2.3%, and the other gainers up less than 2% or on turnover of less than AED 1m. Dana Gas (DANA) was the worst loser of the more actively traded stocks, but fell just 0.93%, Emirates Telecom (ETISALAT) was down 0.5%, National Bank of Abu Dhabi (NBAD) fell 2.7% on low volumes, Abu Dhabi Islamic Bank (ADIB), Abu Dhabi National Energy (TAQA), and Aabar Energy (AABAR) fell less then 1%, and the other losers all fell on less than AED 1m worth of trading.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 07 July 2009

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

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best stock rises
symbol price change
EKTTITAB 1.08 +0.10 +10.2%
DEYAAR 0.74 +0.04 +5.7%
METHAQ 5.43 +0.29 +5.6%
DFM 1.63 +0.08 +5.2%
SUDATEL 3.89 +0.19 +5.1%
worst stock falls
symbol price change
QTEL 127.00 -10.90 -7.9%
QCEM 0.94 -0.06 -6%
ARKAN 4.30 -0.25 -5.5%
UNION 3.84 -0.14 -3.5%
NBAD 9.67 -0.27 -2.7%
top volume
symbol value (AED) price
EMAAR69,911,2182.59
ARTC50,833,6392.67
DFM37,177,4151.63
DEYAAR29,309,5190.74
DSI27,895,5440.88

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