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Sunday, March 07, 2010

UAE markets 07 Mar 2010

UAE market news & discussions for 07 March 2010

UAE stocks rose, led by Emaar in Dubai, and a decent gain for Dana Gas in Abu Dhabi on news of more gas discovered in Egypt. On the Nasdaq Dubai at 1430 UAE time, DP World is the only stock traded, up 3.95% to $0.421.

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  • Dubai Financial Market

    Dubai stocks rose 2.3% to 1622 points from AED 279m worth of trading with Emaar Properties (EMAAR) the most active stock, and the only one trading more than AED 100m worth, up 6.0% to 3.17 from AED 157m worth of deals. Gulf Finance House (GFH) was the top gainer, up 6.7% to 0.96, Arabtec (ARTC) rose 3.85%, HITS Telecom was up 3.6%, National General Cooling (TABREED) 3.3%, and most other stocks were up between 1% and 3%. There were only 3 losers, and only Shuaa Capital (SHUAA), down 2.6% to 1.12, saw turnover of more than AED 1m worth.

    Abu Dhabi Securities Exchange

    Abu Dhabi stocks rose 0.75% to 2747 points from turnover of AED 169m worth, with Aldar Properties (ALDAR) the most active stock, up 0.58% to 3.48 from AED 74m worth of trading. Methaq Islamic Insurance (METHAQ) was the best of the more active stocks, up 4.5% to 2.62, although Abu Dhabi National Takaful (TKFL) closed 10% limit up from one small trade. Dana Gas (DANA) was up 3.7%, National Bank of Abu Dhabi (NBAD) 2.75%, Abu Dhabi Commercial Bank (ADCB) and Sorouh Real Estate (SOROUH) gained 2.4%, Abu Dhabi National Building Materials (BILDCO) 2.3% although closing price was 10% limit up, Abu Dhabi Islamic Bank (ADIB) was up 2.1%, and the remaining gainers rose less than 2% or on low volume trading. Ras Al Khaimah Cement (RAKCC) was the worst of the more active losers, down 2.0%, and the other losers fell less than 2% or on low volumes. Emirates Telecom (ETISALAT) was unchanged at 12.15.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 07 March 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
    Marketwatch March 2010 DFM ADX
    sam111sam Sun 07 Mar 2010 14:03
    Gulfnav rated as "Sell" by EFG Hermes
    MNK Sun 07 Mar 2010 12:54
    Dana Gas recent oil discovery
    default_monger Sun 07 Mar 2010 11:58
    DFM allows trading on fraction of fils
    moor Sun 07 Mar 2010 10:00
    Discussion about FXCM MENA
    sharewadi Sat 06 Mar 2010 09:47
    Limitless Minerva Northacre
    Gulfer Sat 06 Mar 2010 00:02
    Princess Resort Ajman cancelled
    tlove1111 Fri 05 Mar 2010 00:15
    Marketwatch February 2010 DFM ADX
    fadi Thu 04 Mar 2010 14:17
    Sukuks traded online
    bitsiankaushik Wed 03 Mar 2010 13:24
    No cash dividend for ARMX
    bandakok Wed 03 Mar 2010 11:13
    Arabtec 2009Q4 loss AED16m
    sam111sam Wed 03 Mar 2010 09:44
    DFM 2009Q4 profit AED88m +150%
    GPIC Tue 02 Mar 2010 21:48
    The Dark Side of Dubai
    sm2000 Tue 02 Mar 2010 21:01
    UPP buy or sell?
    sam111sam Tue 02 Mar 2010 10:22
    Arabtec new contract
    default_monger Tue 02 Mar 2010 10:13
    Emaar dividends 2009
    bandakok Tue 02 Mar 2010 01:32
    Repeating Revenue Streams
    GPIC Mon 01 Mar 2010 19:35
    best stock rises
    symbol price change
    TKFL 4.95 +0.45 +10%
    NBQ 3.25 +0.24 +8%
    GFH 0.96 +0.06 +6.7%
    EMAAR 3.17 +0.18 +6%
    NCC 3.66 +0.16 +4.6%
    worst stock falls
    symbol price change
    GCEM 1.96 -0.11 -5.3%
    FH 7.75 -0.21 -2.6%
    SHUAA 1.12 -0.03 -2.6%
    RAKCC 0.97 -0.02 -2%
    AGTHIA 1.69 -0.03 -1.7%
    top volume
    symbol value (AED) price
    EMAAR137,155,3743.17
    ALDAR74,336,1223.48
    ARTC33,721,9242.16
    DANA29,279,4600.86
    DFM19,704,6201.45

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