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Tuesday, May 25, 2010

UAE markets 25 May 2010

UAE market news & discussions for 25 May 2010

UAE stocks took a big tumble on increased volumes today with most of the more active stocks falling 4% to 8%, led down by Emaar in Dubai and Aldar in Abu Dhabi. On the Nasdaq Dubai at 1545 UAE time, DP World is down 7.0%, Depa is down 3.9%, Damas is unchanged, and DGS is down 0.10%.

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  • Dubai Financial Market

    Dubai stocks fell 4.6% to 1570 points from AED 523m worth of trading with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth, plummeting 7.8% to 3.30 from AED 268m worth. Deyaar Development (DEYAAR) was the worst of the more active losers, down 9.7% to 0.33, Dubai Investment Company (DIC) fell 8.7%, Arabtec (ARTC) 7.1%, Dubai Financial Market (DFM) 6.1%, and most other stocks fell between 2.5% and 6%. There were only 2 gainers: Dubai National Insurance & Reinsurance (DNIR) up 2.3%, andOman Insurance (OIC) up 0.11%.

    Abu Dhabi Securities Exchange

    Abu Dhabi stocks fell 3.1% to 2650 points from turnover of AED 198m with Aldar Properties (ALDAR) the most active stock and one of the worst losers, down 7.8% to 3.16 from AED 76m worth of trading. Methaq Islamic Insurance (METHAQ) was the worst of the more active losers, 10% limit down to 2.11, Abu Dhabi Commercial Bank (ADCB) fell 5.6%, National Bank of Abu Dhabi (NBAD) 5.3%, First Gulf Bank (FGB) 5.1%, Sorouh Real Estate (SOROUH) 5.05%, Dana Gas (DANA) 5.0%, and most other more active stocks fell between 3% and 5%. Emirates Telecom (ETISALAT) was the least bad loser, down 0.93% to 10.50, saving the index from a greater drop today. There were only 2 gainers: International Fish Farming (ASMAK) up 3.85% to 13.50 from a couple of small trades, and Nbad convertible notes up 0.32%.

    Dubai Financial Market and Abu Dhabi Securities Exchange index for 25 May 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
    ASMAK 13.50 +0.50 +3.8%
    DNIR 2.25 +0.05 +2.3%
    OIC 8.99 +0.01 +0.1%
    worst stock falls
    symbol price change
    IFA 3.42 -0.38 -10%
    FH 4.19 -0.46 -9.9%
    DEYAAR 0.33 -0.04 -10.8%
    ALMADINA 0.55 -0.06 -9.8%
    TAKAFUL-EM 0.70 -0.07 -9.1%
    top volume
    symbol value (AED) price
    EMAAR267,787,9093.30
    ARTC94,713,6452.09
    ALDAR76,109,6793.16
    DFM40,747,0611.55
    SOROUH30,422,5552.14

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