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Tuesday, January 12, 2010

UAE markets 12 Jan 2010

UAE market news & discussions for 12 January 2010

Both markets fell, with almost all the actively traded stocks in Dubai in the red, led down by Arabtec and Emaar. The rarely traded Commercial Bank International in Abu Dhabi topped the traded value list with a handful of high value trades in the green. On the Nasdaq Dubai at 1445 UAE time, DP World is up 0.39% to $0.51, and Depa is unchanged at $0.52.

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  • Dubai Financial Market

    The Dubai Financial Market (DFM) fell 2.4% to 1759 points from turnover of AED 363m with Emaar Properties (EMAAR) the most active, down 4.35% to 3.74 from 146m worth. Arabtec (ARTC) was not far behind on volume and the only other stock trading more than AED 100m, with a fall of 5.0% to 2.47 from AED 138m worth. Dubai Islamic Insurance (AMAN) was the worst loser, down 5.05% to 0.94, National General Cooling (TABREED) fell 3.6%, Dubai Investment Company (DIC) was down 3.0%, Union Properties (UPP) 2.8%, Emirates Integrated Telecommunications (DU) 2.65%, Dubai Islamic Bank (DIB) 2.6%, and most other stocks fell between 1% and 2.5%. There were only 3 gainers, Global Investment House (GLOBAL), Al Salam Bank Sudan (ALSALAMSUDAN), and National Cement Company (NCC), each with only one small trade going through.

    Abu Dhabi Securities Exchange

    The ADX fell 0.61% to 2758 points from AED 256m of turnover with Commercial Bank International (CBI) in top spot by traded value, up 3.6% to 1.45 from AED 112m worth although that was from just 4 trades. Abu Dhabi National Energy (TAQA) was the best of the more active gainers, up 5.0% to 1.27, although Union Cement (UCC) rose 8.8% from a couple of small trades. Ras Al Khaimah Cement (RAKCC) was up 4.8%, Agthia Group (AGTHIA) rose 3.3%, and another four gainers were up less than 2% and on low volumes. Several stocks closed unchanged, including Dana Gas (DANA) and Waha Capital (OILC). The worst loser was Abu Dhabi National Insurance (ADNIC), 10% limit down but from just a couple of trades, Methaq Islamic Insurance (METHAQ) fell 3.5% and was the worst of the more active stocks, Aldar Properties (ALDAR) fell 3.2%, Arkan Building Materials (ARKAN) 2.4%, and the other losers were down less than 2% or on thin trading.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 12 January 2010

    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
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    best stock rises
    symbol price change
    UCC 1.73 +0.14 +8.8%
    TAQA 1.26 +0.06 +5%
    NCC 3.27 +0.15 +4.8%
    RAKCC 1.09 +0.05 +4.8%
    ALSALAMSUDAN 2.47 +0.11 +4.7%
    worst stock falls
    symbol price change
    ADNIC 7.29 -0.81 -10%
    BILDCO 2.00 -0.11 -5.2%
    AMAN 0.94 -0.05 -5.1%
    ARTC 2.47 -0.13 -5%
    GGICO 0.98 -0.05 -4.9%
    top volume
    symbol value (AED) price
    EMAAR146,246,9413.74
    ARTC137,638,2952.47
    CBI112,021,7121.45
    ALDAR43,571,7164.86
    SOROUH17,413,9992.73

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