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

Tuesday, June 30, 2009

UAE markets 30 Jun 2009

UAE market news & discussions for 30 June 2009

The DFM fell 0.6% to 1784 points from turnover of just over AED 1 billion, with Emaar slipping again and most other actively traded stocks in the red or unchanged - Arabtec and DFM two notable exceptions. The ADX was up 1.4% to 2631 points from turnover of AED 246m with most of the actively traded stocks in the green. On the Nasdaq Dubai at 14:30 UAE time, DP World is up 2.6% on low volumes, Depa is unchanged, GOLD is up 0.53%, and there have been a handful of derivative trades for Dana (+3%), Sorouh (unchanged), and Shuaa (+1.4%).

Dubai Financial Market

Arabtec (ARTC) was the most heavily traded stock in Dubai today with a gain of 1.9% to 2.66 from turnover of AED 239m. Emaar Properties (EMAAR) was the second most active stock by value, with AED 222m worth and a fall of 1.8% to 2.78. Dubai Financial Market (DFM), up 3.8% and the best gainer of the more active stocks, and Drake & Scull (DSI), down 3.2%, were the only other two stocks with more than AED 100m of trading. There were only 6 gainers, the others were Oman Insurance (OIC) 5% limit up from one small trade, Islamic Arab Insurance (IAIC) up 2.7%, Arab International Logistics (ARMX) up 2.5%, and Al Salam Bank Sudan (ALSALAMSUDAN) up 1.55%. Global Investment House (GLOBAL) fell 10% limit down from one small trade, Shuaa Capital (SHUAA) was the worst of the more active losers, falling 5.0% to 1.75, Emarat Takaful Insurance (TAKAFUL-EM) fell 3.7%, and the remaining losers were down less than 3% or on thin trading.

Abu Dhabi Securities Exchange

No stocks in Abu Dhabi saw trading worth more than AED 100m. Ras Al Khaimah Properties (RAKPROP), up 4.35%, was the most heavily traded by value but that was still less than AED 50m worth. Four stocks closed at 10% limit up prices - National Marine Dredging (NMDC) on greater than usual volumes, Union Cement (UCC), Methaq Islamic Insurance (METHAQ), and Commercial Bank International (CBI). Dana Gas (DANA) was up 7%, Aldar Properties (ALDAR) 6.4%, and most other stocks rose less than 5%. National Bank of Abu Dhabi (NBAD) was up 1.0% and Emirates Telecom (ETISALAT) 0.5%. There were 9 losers; National Bank Of Ras Al Khaimah (RAKBANK) and Abu Dhabi National Insurance (ADNIC) 10% limit down on few trades, and Union National Bank (UNB) down 0.83% the only stock falling on more than AED 1m worth of deals.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 30 June 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
Daily Trade Bulletin Dubai Abu Dhabi
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Marketwatch June 2009 DFM ADX
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Aldar vs Sorouh vs RAK Properties
spiders Tue 30 Jun 2009 08:59
DST member introductions
WarrenBuffet Mon 29 Jun 2009 22:10
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best stock rises
symbol price change
UCC 2.04 +0.18 +9.7%
METHAQ 5.01 +0.44 +9.6%
FH 4.90 +0.40 +8.9%
CBI 1.88 +0.15 +8.7%
DANA 1.07 +0.07 +7%
worst stock falls
symbol price change
RAKBANK 3.62 -0.40 -10%
ADNIC 7.34 -0.81 -9.9%
GLOBAL 2.07 -0.22 -9.6%
QCEM 1.00 -0.10 -9.1%
SHUAA 1.72 -0.09 -5%
top volume
symbol value (AED) price
ARTC239,358,8142.66
EMAAR222,420,4472.78
DFM159,036,9861.63
DSI103,141,0940.91
DEYAAR92,792,5130.76

Monday, June 29, 2009

UAE markets 29 Jun 2009

UAE market news & discussions for 29 June 2009

After yesterday's bloodbath, the UAE markets looked to continue that trend in early trading but some late buying pressure resulted in a recovery with the markets closing in the green. The ADX rose 0.85% to 2596 points from turnover of AED 284m with the three property stocks dominating trading as usual - Aldar and Sorouh up but RAK Properties falling. The DFM increased 2.9% to 1795 points from turnover of AED 803m with a good show from Deyaar, Arabtec and Aramex, while Emaar was the only stock in the red. On the Nasdaq Dubai at 14:15 UAE time, DP World is up 5.1%, Depa is unchanged, and there has been a single derivative trade in each of Drake & Scull (-4.7%) and Dana (+1.1%).

Dubai Financial Market

Emaar Properties (EMAAR) (-2.1% to 2.83 from AED 261m), the only stock in Dubai to fall, and Arabtec (ARTC) (+8.3% to 2.61 from AED 111m) were the only two stocks trading more than AED 100m. Arabtec was in second spot on the gainers list, led by Deyaar Development (DEYAAR) (+8.45% to 0.77 from AED 77m). Arab International Logistics (ARMX) (+8.26% to 1.18 from AED 4.1m) ) was a close third, followed by Ajman Islamic Bank (AJMANBANK) up 7.7%, and Dubai Islamic Insurance (AMAN), Shuaa Capital (SHUAA), and Dubai Islamic Bank (DIB) all up just over 7%. Emarat Takaful Insurance (TAKAFUL-EM), Gulf Navigation (GULFNAV), and Gulf General Investment (GGICO) all rose over 5%, and most remaining stocks rose between 2% and 5%.

Abu Dhabi Securities Exchange

None of the Abu Dhabi stocks saw more than AED 100m worth of trading, the top three on volume were the property stocks Aldar Properties (ALDAR) (+2.9% to 3.79), Ras Al Khaimah Properties (RAKPROP) (-4.2% to 0.72) the worst loser of the more actively traded stocks, and Sorouh Real Estate (SOROUH) (+3.1% to 2.78). Top gainer (sort of) on turnover of more than AED 1m was National Marine Dredging (NMDC) closing 10% limit up at 7.92 although overall movement was a fall of 1.25%, Union National Bank (UNB) rose 9.3% on limited volumes, Agthia Group (AGTHIA) was up 6.3%, First Gulf Bank (FGB) up 2.0% with some company buybacks, and the remainder up less than 2% or on low volumes. Emirates Telecom (ETISALAT) was up 0.9% to 10.15, and National Bank of Abu Dhabi (NBAD) up 1.9% to 9.70. Finance House (FH) was the worst of the losers, at 10% limit down from just one small trade, Abu Dhabi Islamic Bank (ADIB) fell 3.9%, Waha Capital (OILC) 2.7%, Abu Dhabi National Energy (TAQA) 1.4%, and the remainder fell on turnover of less than AED 1m each.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 29 June 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
Agthia trade: Technical Analysis Questions
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Technical Analysis DFM ADX
sharewadi Mon 29 Jun 2009 09:59
First member to 1000 posts - congratulations!
investor Mon 29 Jun 2009 09:49
Hello from new member
sharewadi Mon 29 Jun 2009 09:42
UAE bank bonds support
sharewadi Mon 29 Jun 2009 09:27
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sam111sam Mon 29 Jun 2009 09:24
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thajuddeen Mon 29 Jun 2009 09:16
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X-MAN Sun 28 Jun 2009 16:20
Emaar Sama Tatweer Dubai Properties merger
sharewadi Sun 28 Jun 2009 14:46
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thajuddeen Sun 28 Jun 2009 09:14
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sharewadi Sat 27 Jun 2009 23:57
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frogleg Sat 27 Jun 2009 20:57
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frogleg Sat 27 Jun 2009 19:29
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sharewadi Sat 27 Jun 2009 15:27
best stock rises
symbol price change
UNB 3.63 +0.31 +9.3%
INVESTB 1.74 +0.14 +8.8%
DEYAAR 0.77 +0.06 +8.5%
ARTC 2.61 +0.20 +8.3%
ARMX 1.18 +0.09 +8.3%
worst stock falls
symbol price change
FH 4.50 -0.50 -10%
BILDCO 2.09 -0.20 -8.7%
METHAQ 4.57 -0.43 -8.6%
AKIC 0.87 -0.07 -7.4%
UNION 3.93 -0.24 -5.8%
top volume
symbol value (AED) price
EMAAR261,339,6462.83
ARTC111,438,3772.61
DSI97,573,6740.94
DFM83,475,3511.57
ALDAR78,875,0393.59

Sunday, June 28, 2009

UAE markets 28 Jun 2009

UAE market news & discussions for 28 June 2009

Well there's nothing like a market reaction to tell you what a big deal really is worth. The news of Emaar merging with three other Dubai property companies was not well received. Emaar shares tanked 10% limit down and dragged the rest of the market with it, unless it was just an unhappy coincidence. Despite Emaar's promising sounding disclosure to the DFM this morning, investors were obviously underwhelmed. The DFM plunged 6.1% to 1745 points from AED 836m of trading with 9 stocks closing 10% limit down, and Shuaa Capital the only gainer, closing 15% limit up again after the DBG resolution last week. The ADX fell a less hemorrhagic 2.0% due to Etisalat holding steady, although there were 7 stocks that closed 10% limit down. On the Nasdaq Dubai at 15:15 UAE time, DP World is down 4.4%, and Depa is unchanged from just one trade, with no other listings traded today.

Dubai Financial Market

Emaar Properties (EMAAR) dominated the business pages during the weekend, and the stock market today, with AED 377m worth of deals and closing price 10% limit down at 2.89. Next most active stock, and the only other one to trade more than AED 100m, was Drake & Scull (DSI) with AED 124m worth of deals and a 7.2% fall to 0.90 - some company buybacks today probably saving it from joining the limit down club. The other 8 stocks closing 10% limit down were Dubai Islamic Insurance (AMAN), Arabtec (ARTC), Dubai Financial Market (DFM), Deyaar Development (DEYAAR), Al Mazaya Holding (MAZAYA), National General Cooling (TABREED), Emarat Takaful Insurance (TAKAFUL-EM), and Union Properties (UPP). Emirates NBD (ENBD) closed 5% limit down, and most other stocks fell more than 4%. Arab International Logistics (ARMX) was unchanged at 1.09, and as mentioned, Shuaa Capital (SHUAA) was the only gainer, up 15% to 1.69.

Abu Dhabi Securities Exchange

None of the Abu Dhabi stocks traded more than AED 100m but the most active, and the worst losers, were the propery companies Aldar Properties (ALDAR), Sorouh Real Estate (SOROUH), and Ras Al Khaimah Properties (RAKPROP), all closing 10% limit down or close enough, with no willing buyers in the queue. Other limit down stocks included Green Crescent Insurance (GCIC), Sharjah Cement (SCIDC), Methaq Islamic Insurance (METHAQ), Waha Capital (OILC), and Commercial Bank International (CBI), and most other stocks fell more than 3%. National Bank of Abu Dhabi (NBAD) fell 2.5%, Emirates Telecom (ETISALAT) 0.3%, and Dana Gas (DANA) 2.0%. None of the usually active stocks were in the green today, however, Invest Bank (INVESTB) stood out with a 3.9% rise on volume well in excess of its usual trading activity from just one deal of over 13m shares. National Bank of Umm Al Quwain (NBQ) was the only other gainer on more than AED 1m worth of deals, rising 5.9% to 3.28.

Dubai Financial Market and Abu Dhabi Securities Exchange index for 28 June 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
Marketwatch June 2009 DFM ADX
fadi Sun 28 Jun 2009 15:28
First member to 1000 posts - congratulations!
sharewadi Sun 28 Jun 2009 15:03
Emaar Sama Tatweer Dubai Properties merger
sharewadi Sun 28 Jun 2009 14:46
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OnlineTrader Sun 28 Jun 2009 14:23
Daily market movement futures ADX DFM
bandakok Sun 28 Jun 2009 14:14
Aldar vs Sorouh vs RAK Properties
thajuddeen Sun 28 Jun 2009 09:14
Arbitrage UAE stocks?
sharewadi Sat 27 Jun 2009 23:57
Stocks with best Cash or share dividends payout
frogleg Sat 27 Jun 2009 20:57
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frogleg Sat 27 Jun 2009 20:46
Finding cheap stocks UAE
frogleg Sat 27 Jun 2009 20:33
Which Shares will Peak Faster Now ?
bandakok Sat 27 Jun 2009 20:23
Oman blogger court case
frogleg Sat 27 Jun 2009 19:29
EMAAR merger With Dubai Properties, Sama
sharewadi Sat 27 Jun 2009 15:27
Buy Aabar shares?
sam111sam Sat 27 Jun 2009 11:23
Gulf Navigation fleet expansion
adbulls Fri 26 Jun 2009 17:14
Shuaa DBG share issue
Cash King Fri 26 Jun 2009 00:36
UPP buy or sell?
thajuddeen Thu 25 Jun 2009 21:06
best stock rises
symbol price change
SHUAA 1.69 +0.22 +15%
QCEM 1.10 +0.10 +10%
ADAVIATION 2.91 +0.20 +7.4%
ADNH 4.53 +0.29 +6.8%
NBQ 3.23 +0.18 +5.9%
worst stock falls
symbol price change
MAZAYA 4.86 -0.54 -10%
EMAAR 2.89 -0.32 -10%
TAKAFUL-EM 1.54 -0.17 -9.9%
AMAN 1.11 -0.12 -9.8%
ARTC 2.41 -0.26 -9.7%
top volume
symbol value (AED) price
EMAAR377,739,7262.89
DSI123,845,5970.90
ARTC87,763,8802.41
ALDAR55,664,8793.49
DFM45,588,9571.52

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