Contact us | +971 4 3635663
Sponsored by   Mudabala
 
 
Advanced Search
BETA
Loading Loading ...
Sat, 21 Nov 2009 | 09:14 GMT
 

UAE's markets recover slightly on thin volumes

Emirates Business 24/7
 
Email
Print
Comment
PDF
Text Size  
 
Emirates Business 24-7, 03 July 2009

Dubai Financial Market and Abu Dhabi Securities Exchange recovered marginally yesterday on the back of restricted buying support.

The DFM general index rose 11.04 points, or 0.61 per cent, to 1821.19 points, against its previous close of 1810.15 points. The ADX general index added 1.62 per cent to move to 2671.29 points on limited buying support in banking, construction, real estate and energy stocks. The ADX's gain was of 42.51 points over its previous close of 2628.78 points.

"Both UAE bourses recorded low volumes in the absence of any fresh buying interest. In terms of the value of trading and volatility, the UAE markets were moving in a cautious way, with investors hesitant about the future direction of trading," senior market analyst Wadah Al Taha said.

Trading turnover on the DFM was Dh560 million, as more than 408m shares changed hands in 7,729 deals in 24 stocks. Nineteen stocks advanced, three declined and two remain unchanged in value.

The ADX witnessed thin volumes, with the turnover at Dh253m. More than 197m shares were traded on the capital's bourse in 3,336 deals. While 21 stocks advanced, 12 declined and one remained at its previous level.

On the DFM, Emaar Properties' shares rose 1.45 per cent to Dh2.80 yesterday. Aramex shares continued to rise, going up 1.44 per cent to Dh1.41. Aramex, Arabtec, Emaar, DFM, Gulf Navigation and DSI were the actively traded scrips. Barring the banking segment, all sub-indices closed higher.

Meanwhile, real estate major, Deyaar Development, announced Abdullah Al Hamil as its new chairman following the resignation of Nasser Al Shaikh last month. 

© Emirates Business 24/7 2009

 
 
 
Community Comments (0) - Comment on this article
The opinions of the authors expressed herein do not necessarily state or reflect Zawya. Read our Comment Policy.
 
 
 
Loading ...
 
close x
Report Abuse
Loading ...
 
 
Loading ...
close x
Zawya Comment Policy:
 
  1. Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
    1.1   Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
    1.2   Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
    1.3   Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
    1.4   Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
    1.5   Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
    1.6   Give the impression that they represent Zawya.
    1.7   Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
  2. The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
  3. Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
  4. By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
 
 
 
 
 
 
ZawyaTenders New
 
Post Your Tender Notices for FREE
(No Sign-in Required)
Zawya Tenders is a Tender Notices service entirely driven by contribution
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.

As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.

The service also offers you a tool to track the interest of bidders to your
 tenders 'live' online.
 
 
Tender Notice Due Date
Supply of Vibration Measurement Instruments AA/09-10/M/191/S 21Dec09
Maintenance of Al Karana Sewage Lagoon AA/09-10/M/197/S 07Dec09
Replacement / Upsizing of Sewerline at Madinat Khalifa Area, Al Tadamon Street ِAA/09-10/M/196/S 23Nov09
Secondment of Professional Staff for Site Supervision and Consultancy Services for – Modification and Addition to Existing 36 Schools Around Doha and Villages BA/09-10/C/039/I 20Dec09
On Call Supply of G.I Pipes , Fitting & Hoses for Mechanical Workshop AA/09-10/M/147/I 27Dec09
Al Wakrah and Al Wukair Sewerage Scheme – House connections DA/HC/09-10/C/027/I 06Dec09
Supply, Delivery, Install, Testing and Commissioning of 3D Laser Scanners With Necessary Components, Accessories, Software, ON-Site Training and Warranty Support EBSD/09-10/N/007/I 22Nov09
Consultancy Service for Design, Development, Testing and Deployment of Integrated Qatar Design Enquiry system ( Q-DES) Including Q – PRO System Enhancements and Migration EBSD/09-10/N/002/I 13Dec09
Supply of Civil Material, Call – Off Contract AA/09-10/M/185/I 06Dec09
Post-Contract Professional Site Supervision and Quantity Surveying Consultancy Services for: Construction, Completion and Maintenance of Al Khor Park BA/09-10/S/024/I 06Dec09
Construction of Primary Health Care Centre at Al-Nuaim BA/09-10/C/011/G 12Jan10
Construction of Mosques, Imam Houses, ETC (Package 8) BA/09-10/C/019/G 22Dec09
Modification and Additions to Existing 36 NOS. Schools around Doha and Villages Package 1 (School No.11,12,19,30,31 &35) BA/09-10/C039/G 08Dec09
Rental of Light Vehicles and Drivers on a Regular & ‘Call-Off’ Basis GS/09-10/M/003/G 24Nov09
Development of Main Roads in Zone 46 RA/07-08/C/016/G 08Dec09
Road Improvement Works in Al Shamal Municipality- Zone( 76 to 79) RA/09-10/C/083/G 24Nov09
Road Improvement Works in Zone ( 56,57 ) and Doha South RA/09-10/C/086/G 24Nov09
Development of Roads In Block 1300 RA/09-10/C/081/G 08Dec09
Secondment of Professional staff -Quantity Surveyors, Planning/Cost Engineers, Business System Analysts, Project Management System Administrators and Document Controllers EBSD/09-10/N/003/G 08Dec09
Construction, Completion and Maintenance of al Khor Hospital Medical Training Center BA/09-10/C/003/G 24Nov09
 »  More Tenders
 
 
 
Community Buzz

Stories

 

Companies

Most viewed companies by Community in the last 24 hrs
Company Name Country Industry
Consolidated Contractors Company Overseas Construction and Design
Saudi Binladin Group Saudi Arabia Construction and Design
Dodsal Engineering and Construction UAE Construction and Design
Saudi Electricity Company Saudi Arabia Electric Utilities
Saudi Telecom Saudi Arabia Telecommunications Services
Emirates Telecommunications Corporation UAE Telecommunications Services
Agility Public Warehousing Company Kuwait Transportation Services
Al Azizia Panda United Company Saudi Arabia General Retailers
Al Maktoum International Airport UAE Transportation Services
Emirates Airline UAE Transportation Services
 

Projects

 

Blogs

 
 
 

 
 
 
 
 

Site is optimised for viewing at 1024 x 768 with Internet Explorer v6 and Firefox v3.0 and above.
Copyright © 2009 ABQ Zawya Ltd. All rights reserved. Please read our Membership Agreement