Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

ADSM and DFM decline amid low volumes  Join our daily free Newsletter

MENAFN - Khaleej Times - 09/10/2007

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Khaleej Times) DUBAI —The UAE's two leading stock markets, the Abu Dhabi Securities Market (ADSM) and the Dubai Financial Market (DFM) fell yesterday, by 0.6 per cent and 0.9 per cent respectively, on a day in which trade volumes were low and only a few stocks made advances.


The ADSM index dropped to 3.694.26 with the industrial sector taking the lead, losing nearly 1.2 per cent. Oman and Emirates Investment Co, which two days earlier jumped 10 per cent to Dh23 per share, saw a day when nearly all gains were wiped out plummeting 8.7 per cent to Dh21 a share. The shares of Abu Dhabi Ship Building Co fell 3.5 per cent to Dh3.31. Abu Dhabi Aviation Co also lost 1.71 per cent to touch Dh2.30. The biggest gainer of the day was Umm Al Quwain Cement Industries Co which moved up 8.3 per cent to Dh3.13.

At the close of day the DFM index stood at 4,434.08. The value of shares traded was Dh1.5 billion compared with Dh2.73 billion the previous day. Air Arabia, the Sharjah-based carrier, saw some of the day's busiest trading, its shares falling 1.93 per cent to Dh1.52. Emaar Properties, the region's largest listed property developer by market value, slid 0.9 per cent to Dh11.20. However, this month has seen its shares make an overall gain of 5.2 per cent after falling sharply earlier in the year.

Shares in Amlak Finance, the Islamic home finance company and the region's second largest mortgage financier, retreated 1.7 per cent to Dh3.35. The Commercial bank of Dubai saw 2.3 per cent shaved off the value of its shares to close at Dh8.5. Trading in Emirates Bank International (EBI) and National Bank of Dubai (NBD) shares were suspended in order to undertake the final stage of the merger process. Trading of shares in the merged company, Emirates NBD will commence on October 16.



 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help