DFM Stocks on 17.10.2008
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0.00Now see what brings for you on Sunday Next 20th October.
I forecast it will good market. I will tell why after my words become true?
Friday, October 17, 2008
Dubai -DFM Stock Plunged
Today 17.10.08- the Dubai Financial Stocks plunged again creating a panic among the investors. The market was very good on 16.10.2008 after the long bearish market and prices to the south. Today it started with all in the green that no investor wanted to sell their products in less . But what happened at the end of the day from 3700 it fallen to 3200 points.
DFM Stocks Update 17.10.2008
Now see what brings for you on Sunday Next 20th October.
I forecast it will good market. I will tell why after my words become true?
Now see what brings for you on Sunday Next 20th October.
I forecast it will good market. I will tell why after my words become true?
Monday, August 18, 2008
Zero Tolerance in Dubai Equity & Financial Markets
UAE Equity & Financial Markets- Zero Tolerance
UAE, in particular the Dubai will take drastic action against the wrong doers and corruptions in the equity and financial sectors/markets. This is not the first time it happened in this market. Before we saw many times that some unscrupulous power house made fortune with their ill motive by depriving the investors .However, the government promised the corruption will be the top priority of the that a transparent system will be followed on this issue. Strong directives are given by the ruler of Dubai – the strong personality the leader of Dubai,- said the public prosecutor and zero tolerance towards the corruption, bribery, and any advantage that will take in this sector. Any employee exploits his position will be prosecuted and will not have any immunity. This is to make the confidence of the people in Dubai business leaders.
UAE, in particular the Dubai will take drastic action against the wrong doers and corruptions in the equity and financial sectors/markets. This is not the first time it happened in this market. Before we saw many times that some unscrupulous power house made fortune with their ill motive by depriving the investors .However, the government promised the corruption will be the top priority of the that a transparent system will be followed on this issue. Strong directives are given by the ruler of Dubai – the strong personality the leader of Dubai,- said the public prosecutor and zero tolerance towards the corruption, bribery, and any advantage that will take in this sector. Any employee exploits his position will be prosecuted and will not have any immunity. This is to make the confidence of the people in Dubai business leaders.
Sunday, August 17, 2008
Dubai Equity Market Shattered !!
Equities Improved –DFM now is shattered
Like Deyaar & DIB –the new bad news in the stock market here will have negative impact on the equity market due to the latest police probe into Tamweel & Istithmar as confirmed that two employees are being investigated for the financial crime they made a scandal for possible frauds.
After a very bad time in August investors found the rebound of stocks, now shattered due this new development. After largest sharp decline the index now on a two weeks wining streak, it is unlikely to avoid the ensuing malaise. ADX lost 5% while DFM dropped 4.43%. Emaar will lead the fortune again at DFM at 12 months low. ALAR will lead at ADX. But Tamweel will definitely be under pressure to sell-off due to bad news just developed. Nakhhel though denied any embezzlement it simply accepted the investigation underway.
Like Deyaar & DIB –the new bad news in the stock market here will have negative impact on the equity market due to the latest police probe into Tamweel & Istithmar as confirmed that two employees are being investigated for the financial crime they made a scandal for possible frauds.
After a very bad time in August investors found the rebound of stocks, now shattered due this new development. After largest sharp decline the index now on a two weeks wining streak, it is unlikely to avoid the ensuing malaise. ADX lost 5% while DFM dropped 4.43%. Emaar will lead the fortune again at DFM at 12 months low. ALAR will lead at ADX. But Tamweel will definitely be under pressure to sell-off due to bad news just developed. Nakhhel though denied any embezzlement it simply accepted the investigation underway.
Saturday, August 16, 2008
Bear Stock in UAE
A panic sell-off by investors led the DFM market falling.The capitalization of the UAE market fell by Dh.22.17 bn on 11th August 2008,Following are the close price of major stocks in DFM and ADX.
Emaar 9.90
AirArabia 1.54
DFM 3.87
Artc 15.65
UPP 4.55
Aldar 10.00
Sorouh 7.60
Company results did not really drive the market forward as they should have.
Emaar 9.90
AirArabia 1.54
DFM 3.87
Artc 15.65
UPP 4.55
Aldar 10.00
Sorouh 7.60
Company results did not really drive the market forward as they should have.
Tuesday, April 29, 2008
Market In April 2008
Dubai: UAE shares fell, paring this month's rally, as Oman Telecommunications surged, pushing the country's index to a record.
Tamweel, the UAE's big-gest provider of home mortgages by market value, fell for a fourth day. Aldar Properties retreated, ending a three-day winning streak. Deyaar Development had its biggest drop in four days on a media report that a third person was arrested in connection with possible fraud at the company.
The Dubai Financial Market General Index lost 1.2 per cent to 5,714.8. The Abu Dhabi Securities Market Index dropped 0.4 per cent. The measures have still gained 6.8 per cent and 9.7 per cent so far this month, respectively.
"It's a minor and much needed correction since Gulf markets gained in the past month as companies reported good earnings," Amro Diab, head of Gulf institutional sales at EFG- Hermes Holding, said in a telephone interview from Dubai yesterday.
The MSCI GCC Countries Index, a measure of more than 140 companies in six Gulf states, has risen seven per cent in April.
Realty & Banking Sectors
Tamweel fell 2.4 per cent to Dh7.78. The shares have jumped 14 per cent so far this month. The company on April 22 said first-quarter profit more than tripled as an economic boom in the second-biggest Arab economy boosted demand for homes.
Aldar dropped 3.4 per cent to Dh11.55, paring this month's advance to 13 per cent. Abu Dhabi's largest property developer on April 23 said first-quarter net income more than tripled.
Deyaar declined 1.3 per cent to Dh2.27. In Abu Dhabi, public prosecutors are investigating a suspect, identified only by the initials A.A.G., who swindled 2,500 investors in the country out of Dh400 million ($109 million), according to local police.
Oman's Muscat Securities Market 30 Index gained one per cent, closing at a record 11,372.32. Oman Telecommunications jumped 6.9 per cent to 1.979 riyals, its highest close since November 2005. The largest phone company in the sultanate said first-quarter net income surged 60 per cent.
Omantel trades at 12.7 times estimated earnings. That compares with multiples of 15.9 for Etihad Etisalat, Saudi Arabia's second-largest mobile-phone service provider, and 15.6 for Zain of Kuwait.
Saudi Arabia's Tadawul All Share Index added 1.4 per cent. Saudi Zain, a unit of Zain, jumped 5.9 per cent to 26.75 riyals.
Kuwait Stock Exchange Index advanced 0.2 per cent, ending five days of declines. Qatar's Doha Securities Market Index fell 0.4 per cent, while the Bahrain All Share Index gained 0.4 per cent.
Al Wathba National Insurance jumped 9.9 per cent to Dh6.87 dirhams. Damac Kuwaiti Holding climbed 25 per cent to 325 fils.
The unit of Dubai-based real-estate group Damac Holding started trading on Kuwait's stock exchange yesterday.
More from ...... Business
Tamweel, the UAE's big-gest provider of home mortgages by market value, fell for a fourth day. Aldar Properties retreated, ending a three-day winning streak. Deyaar Development had its biggest drop in four days on a media report that a third person was arrested in connection with possible fraud at the company.
The Dubai Financial Market General Index lost 1.2 per cent to 5,714.8. The Abu Dhabi Securities Market Index dropped 0.4 per cent. The measures have still gained 6.8 per cent and 9.7 per cent so far this month, respectively.
"It's a minor and much needed correction since Gulf markets gained in the past month as companies reported good earnings," Amro Diab, head of Gulf institutional sales at EFG- Hermes Holding, said in a telephone interview from Dubai yesterday.
The MSCI GCC Countries Index, a measure of more than 140 companies in six Gulf states, has risen seven per cent in April.
Realty & Banking Sectors
Tamweel fell 2.4 per cent to Dh7.78. The shares have jumped 14 per cent so far this month. The company on April 22 said first-quarter profit more than tripled as an economic boom in the second-biggest Arab economy boosted demand for homes.
Aldar dropped 3.4 per cent to Dh11.55, paring this month's advance to 13 per cent. Abu Dhabi's largest property developer on April 23 said first-quarter net income more than tripled.
Deyaar declined 1.3 per cent to Dh2.27. In Abu Dhabi, public prosecutors are investigating a suspect, identified only by the initials A.A.G., who swindled 2,500 investors in the country out of Dh400 million ($109 million), according to local police.
Oman's Muscat Securities Market 30 Index gained one per cent, closing at a record 11,372.32. Oman Telecommunications jumped 6.9 per cent to 1.979 riyals, its highest close since November 2005. The largest phone company in the sultanate said first-quarter net income surged 60 per cent.
Omantel trades at 12.7 times estimated earnings. That compares with multiples of 15.9 for Etihad Etisalat, Saudi Arabia's second-largest mobile-phone service provider, and 15.6 for Zain of Kuwait.
Saudi Arabia's Tadawul All Share Index added 1.4 per cent. Saudi Zain, a unit of Zain, jumped 5.9 per cent to 26.75 riyals.
Kuwait Stock Exchange Index advanced 0.2 per cent, ending five days of declines. Qatar's Doha Securities Market Index fell 0.4 per cent, while the Bahrain All Share Index gained 0.4 per cent.
Al Wathba National Insurance jumped 9.9 per cent to Dh6.87 dirhams. Damac Kuwaiti Holding climbed 25 per cent to 325 fils.
The unit of Dubai-based real-estate group Damac Holding started trading on Kuwait's stock exchange yesterday.
More from ...... Business
Saturday, April 26, 2008
Late Dubai Stock Update
24.04.08
A late rally helped the Dubai bourse to escape the doldrums and close in the green on Thursday, but the capital’s market fell for the second time this week despite higher volumes.
The Dubai Financial Market General Index was down 15 points at the mid-session mark, but heavy buying in the afternoon saw it close on 5,742 points, up 0.61 per cent or 35 points.
The Abu Dhabi Securities Market found it tougher going and has struggled since breaching the 5,000-point barrier to post a two-year high on Wednesday. On Thursday, it fell 0.18 per cent to 5,006 points.
“It has been a good week. Dubai saw a correction on Wednesday and this continued in early trading on Thursday, but the market wasn’t looking bad except for the low volumes,” said Sherif Abdul Khalek, dealing room manager at Al Futtaim HC Securities. “Most traders were expecting the market to recover – there was steady accumulation by funds and little selling pressure.”
This accumulation, most notably in the DFM stock, Aramex and Tamweel, gave confidence to other stocks, prompting increased flow on the buy side in the final hour’s trading. Both foreign and local funds were active.
The DFM stock was behind Dubai’s resurgence, claiming top spot on the volume and value charts with 57 million shares worth a combined Dh335 million changing hands.
This compares to the respective total market figures of 235 million and Dh1.25 billion. The DFM climbed 2.06 per cent to Dh5.93.
Aramex also prospered on the back of high volumes, climbing 3.54 per cent to Dh2.63. It has fallen nine per cent since the end of February amid the end of a lock-in period for founder investors. Tamweel continues to grab investors’ attention.
Many analysts have been especially bullish on the UAE mortgage sector and it seems this is translating into higher stock prices. Tamweel fell 1.82 per cent on Thursday, but is still up 19 per cent this month, while Amlak Finance – Emaar’s mortgage subsidiary – has jumped 21 per cent over the same period, although it has so far failed to recapture the Dh5-mark.
Meanwhile, Aldar Properties accounted for almost two-thirds of the ADSM’s Dh1.5bn turnover and this demand propelled it up 3.06 per cent to Dh11.80, its highest close since February 21.
Khalek said: “Abu Dhabi seems to be heavy around the 5,000-mark and it needs to close 50 to 80 points above this to launch a new uptrend. Most brokers are expecting an increase in activity over the next two months.”
A late rally helped the Dubai bourse to escape the doldrums and close in the green on Thursday, but the capital’s market fell for the second time this week despite higher volumes.
The Dubai Financial Market General Index was down 15 points at the mid-session mark, but heavy buying in the afternoon saw it close on 5,742 points, up 0.61 per cent or 35 points.
The Abu Dhabi Securities Market found it tougher going and has struggled since breaching the 5,000-point barrier to post a two-year high on Wednesday. On Thursday, it fell 0.18 per cent to 5,006 points.
“It has been a good week. Dubai saw a correction on Wednesday and this continued in early trading on Thursday, but the market wasn’t looking bad except for the low volumes,” said Sherif Abdul Khalek, dealing room manager at Al Futtaim HC Securities. “Most traders were expecting the market to recover – there was steady accumulation by funds and little selling pressure.”
This accumulation, most notably in the DFM stock, Aramex and Tamweel, gave confidence to other stocks, prompting increased flow on the buy side in the final hour’s trading. Both foreign and local funds were active.
The DFM stock was behind Dubai’s resurgence, claiming top spot on the volume and value charts with 57 million shares worth a combined Dh335 million changing hands.
This compares to the respective total market figures of 235 million and Dh1.25 billion. The DFM climbed 2.06 per cent to Dh5.93.
Aramex also prospered on the back of high volumes, climbing 3.54 per cent to Dh2.63. It has fallen nine per cent since the end of February amid the end of a lock-in period for founder investors. Tamweel continues to grab investors’ attention.
Many analysts have been especially bullish on the UAE mortgage sector and it seems this is translating into higher stock prices. Tamweel fell 1.82 per cent on Thursday, but is still up 19 per cent this month, while Amlak Finance – Emaar’s mortgage subsidiary – has jumped 21 per cent over the same period, although it has so far failed to recapture the Dh5-mark.
Meanwhile, Aldar Properties accounted for almost two-thirds of the ADSM’s Dh1.5bn turnover and this demand propelled it up 3.06 per cent to Dh11.80, its highest close since February 21.
Khalek said: “Abu Dhabi seems to be heavy around the 5,000-mark and it needs to close 50 to 80 points above this to launch a new uptrend. Most brokers are expecting an increase in activity over the next two months.”
Thursday, April 24, 2008
e Traded in US$ Volume
Dubai 5,742 +0.61% -3.20% 340,360,239 234,846,341
Abu Dhabi 5,006 -0.18% +9.99% 408,850,416 181,947,407
KSA 9,754 +0.63% -12.72% 3,166,242,919 297,685,374
Kuwait 14,600 -0.83% +16.25% 505,265,750 322,563,500
Bahrain 2,838 -0.07% +3.01% 3,561,069 2,816,055
Qatar 11,384 -0.24% +18.83% 284,513,836 21,784,897
Oman 11,150 +0.29% +23.40% 41,724,426 19,361,655
Egypt 101,675 +0.20% +9.64% 198,449,503 24,142,992
DFM 3 Best Performers
Price
AED
%
Change
ARAB INS GROUP 3.5 +8.4
GLOBAL INVEST 13.8 +5.3
MASHREQBANK 271.3 +4.9
DFM 3 Worst Performers
Price
AED
%
Change
GULF FIN HOUSE 14.4 -4.0
TAMWEEL 8.1 -1.8
DB ISLAMIC BANK 9.4 -1.0
ADSM 3 Best Performers
Price
AED
%
Change
NATL TOUR & HTL 10.5 +7.3
INT FISH FARMING 13.0 +4.4
ALDAR PROPERTIES 11.8 +3.1
ADSM 3 Worst Performers
Price
AED
%
Change
NATL MARINE DRDG 12.0 -9.7
GULF MEDICAL 4.5 -8.7
FOODCO HOLDING 5.0 -8.6
DFM Volume Leaders Volume
DFM 57,224,545
ARAMEX 21,384,744
TAMWEEL 19,821,986
ADSM Volume
Leaders Volume
ALDAR PROPERTIES 79,164,798
ARKAN BLD MT CO 19,244,550
RAK PROPERTIES 14,724,306
The DFM General Index gained 0.6% to close at 5,742 as 234 M shares
traded today. Shares of Mashreqbank jumped almost 5% and Emaar
Properties gained 0.8% giving the index a lift. The index rose for the 4th time
this week. Dubai Investments and Union Properties also gained during early
trading. Most of the sectors ended in green with RE leading the losses.
The Abu Dhabi index lost 0.2% today to closed at 5,006 as 181M shares
traded today. The index declined by ADCB which dropped 1.9% and Taqa
which dropped by 3.2%. Aldar Properties however, gained 3% after the
company posted a near tripling of 1Qprofit. After initial rising during early
trade, shares of Sorouh RE fell after it said that profits more than tripled on
higher land sales. Most of the sectors ended in red with Industry leading the
losses.
Emaar will develop a tram system for its $20B Burj Dubai project in the UAE.
The 4.6km project will cost $136M.
Source: Reuters and Zawya
News & Views
DISCLAIMER This report has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. The report is published
solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any security. The report is based on information obtained from
sources believed to be reliable but is neither guaranteed as being accurate, nor is it a complete statement or summary of the securities, markets or developments
referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgment. Any opinions expressed herein are
subject to change without notice. Mashreq Securities accept no liability whatsoever for any loss or damage of any kind arising out of the use all or any part of this
report. The information provided in this document is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such
distribution or use would be contrary to law or regulation or which would subject Mashreq Securities or its affiliates to any registration requirement within such
jurisdiction or country. No part of this report may be reproduced or distributed in any manner without the written permission of Mashreq Securities.
Mashreq Securities PO Box 1250 Dubai, UAE Wajiha Malik research@mashreqsecurities.com
Tel. +9714 2078636 Fax. + 97142210360
Dubai 5,742 +0.61% -3.20% 340,360,239 234,846,341
Abu Dhabi 5,006 -0.18% +9.99% 408,850,416 181,947,407
KSA 9,754 +0.63% -12.72% 3,166,242,919 297,685,374
Kuwait 14,600 -0.83% +16.25% 505,265,750 322,563,500
Bahrain 2,838 -0.07% +3.01% 3,561,069 2,816,055
Qatar 11,384 -0.24% +18.83% 284,513,836 21,784,897
Oman 11,150 +0.29% +23.40% 41,724,426 19,361,655
Egypt 101,675 +0.20% +9.64% 198,449,503 24,142,992
DFM 3 Best Performers
Price
AED
%
Change
ARAB INS GROUP 3.5 +8.4
GLOBAL INVEST 13.8 +5.3
MASHREQBANK 271.3 +4.9
DFM 3 Worst Performers
Price
AED
%
Change
GULF FIN HOUSE 14.4 -4.0
TAMWEEL 8.1 -1.8
DB ISLAMIC BANK 9.4 -1.0
ADSM 3 Best Performers
Price
AED
%
Change
NATL TOUR & HTL 10.5 +7.3
INT FISH FARMING 13.0 +4.4
ALDAR PROPERTIES 11.8 +3.1
ADSM 3 Worst Performers
Price
AED
%
Change
NATL MARINE DRDG 12.0 -9.7
GULF MEDICAL 4.5 -8.7
FOODCO HOLDING 5.0 -8.6
DFM Volume Leaders Volume
DFM 57,224,545
ARAMEX 21,384,744
TAMWEEL 19,821,986
ADSM Volume
Leaders Volume
ALDAR PROPERTIES 79,164,798
ARKAN BLD MT CO 19,244,550
RAK PROPERTIES 14,724,306
The DFM General Index gained 0.6% to close at 5,742 as 234 M shares
traded today. Shares of Mashreqbank jumped almost 5% and Emaar
Properties gained 0.8% giving the index a lift. The index rose for the 4th time
this week. Dubai Investments and Union Properties also gained during early
trading. Most of the sectors ended in green with RE leading the losses.
The Abu Dhabi index lost 0.2% today to closed at 5,006 as 181M shares
traded today. The index declined by ADCB which dropped 1.9% and Taqa
which dropped by 3.2%. Aldar Properties however, gained 3% after the
company posted a near tripling of 1Qprofit. After initial rising during early
trade, shares of Sorouh RE fell after it said that profits more than tripled on
higher land sales. Most of the sectors ended in red with Industry leading the
losses.
Emaar will develop a tram system for its $20B Burj Dubai project in the UAE.
The 4.6km project will cost $136M.
Source: Reuters and Zawya
News & Views
DISCLAIMER This report has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. The report is published
solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any security. The report is based on information obtained from
sources believed to be reliable but is neither guaranteed as being accurate, nor is it a complete statement or summary of the securities, markets or developments
referred to in the report. The report should not be regarded by recipients as a substitute for the exercise of their own judgment. Any opinions expressed herein are
subject to change without notice. Mashreq Securities accept no liability whatsoever for any loss or damage of any kind arising out of the use all or any part of this
report. The information provided in this document is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such
distribution or use would be contrary to law or regulation or which would subject Mashreq Securities or its affiliates to any registration requirement within such
jurisdiction or country. No part of this report may be reproduced or distributed in any manner without the written permission of Mashreq Securities.
Mashreq Securities PO Box 1250 Dubai, UAE Wajiha Malik research@mashreqsecurities.com
Tel. +9714 2078636 Fax. + 97142210360
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