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
Tuesday, April 29, 2008
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
Wednesday, April 23, 2008
Foreign Funds and My Luck in UAE Stocks
23.04.2008
Today, we could not be as successful as we thought to be. As soon as the market is opened, we took our position to buy Tamweel and Amlak stocks. Last afternoon we sold our stocks with a little profit to get out of the market in fear of today. That was a great mistake we made. The stock price of Tamweel shot up to AED 8.66 per share. While we sold our stocks at AED8.35. Now to enter or not to enter was the waiting game. I was doing the study what to do. Then found market fell shrply to AED8.56 and then slowly started to gain. I thought that it would now pick and will reach up to AED8.75. Alas! what a great disaster. The big bockers they always play dirty trick to make you trapped. Yeah! Same thing happened to me. A sharp fall to AED8.23 , you may imagine how much I lost as i bought at AED8.57.
Similarly, for Amlak, it started at AED5.03/ share. Then it came down to AED4.93. Then shot up. I thought it would break AED5.05 barrier. So took a position with good quantity at AED4.97. But bad luck! it went down to AED4.92. I adjusted my bid to 4.85. Then it jumped to 4.93.. up to 4.95. What a great surprise ! It fell down to 4.83. Great loss . So be careful while dealing with stocks. As Mr. Donalled Trump once told that " I saw many people became penniless by dealing with bad stocks". He is correct. When I was registering my name with DFM market , one young broker by satire told me" Buy .. you will loose AED50,000 in no time" I was loughing at his remark. He did not know what I was going to do being an economist. It proved wrong and he was proved to be correct. I did not have his cell phone number, otherwise I would have saluted him... Read the following:
Strong economic performance in the UAE and plans by more local companies to open up to non-nationals will tempt foreigners to boost investment in domestic shares away from turbulent global markets, dealers said on Wednesday.
Foreigners are already pouring funds into the UAE’s two main bourses of Abu Dhabi and Dubai to take advantage of strong corporate performance, high share return, relative stability and decisions by more listed companies to open up dealing in their shares or increase foreign ownership in them.
Between January and March, the foreign ownership in the companies trading their shares in Abu Dhabi and Dubai fluctuated between 20 and 35 per cent, while it did not exceed 10 per cent in 2004 and 2005, according to the dealers.
“We expect a large increase in foreign investment in shares in the UAE this year compared to last year and 2006… there are many factors that make the UAE a tempting market for foreigners,” said Ziad Dabbas, share dealing adviser at the government-controlled National Bank of Abu Dhabi, one of the largest institutions trading its shares in the UAE.
“The most important factors are that the UAE economy is growing fast, oil prices are expected to remain high and return from shares here are very high… furthermore, some international banks have opened offices in the UAE and they are encouraging foreigners to invest here,” he told Emirates Business.
Dabbas said investment funds created by local banks and other financial institutions, and plans for more such funds have also encouraged foreign capital.
“These funds have highly qualified experts in asset management and they have succeeded in attracting foreign capital… they are also involved in massive marketing campaigns abroad and all this is attracting foreigners to the UAE… another key external factor is the turbulence in global markets, which have become more and more risky. This is pushing many investors away from those markets and some of them are heading for the UAE.”
The UAE has the second largest stock market in the Middle East after Saudi Arabia, with the combined market capitalisation of its Abu Dhabi and Dubai bourses standing at Dh954 billion on Wednesday, including Dh492bn for Dubai.
The surge in foreign investment over the past two years has boosted share dealing in the UAE after it was one of the quietest markets in the region because foreigners were not allowed to trade. While it was the main stimulant of dealing, the entry of foreigners turned the UAE into one of the most speculative bourses in the Middle East after it was the least speculative as trading was confined to nationals, most of whom had preferred long-term investments.
“There was a surge in foreign investment in the UAE shares last year but this year is expected to be even better,” said Bassam Al Rumhi, director of stock brokerage at the Emirates Securities Market in Abu Dhabi.
“There are many reasons for this expected rise this year, including plans by more companies to open up to foreigners or to increase the ratio of foreign ownership of their shares… other key factors are the investment safety in the UAE compared to the highly volatile global markets, the flexible economic and financial laws in the UAE compared to other Arab countries, and the stability of the UAE dirham against the dollar.
“Another element is that the decisions taken in the UAE are always to the benefit of the economy and the market, unlike in many other regional countries, where the decisions are based on many considerations before the general interests of the market and investors.”
Today, we could not be as successful as we thought to be. As soon as the market is opened, we took our position to buy Tamweel and Amlak stocks. Last afternoon we sold our stocks with a little profit to get out of the market in fear of today. That was a great mistake we made. The stock price of Tamweel shot up to AED 8.66 per share. While we sold our stocks at AED8.35. Now to enter or not to enter was the waiting game. I was doing the study what to do. Then found market fell shrply to AED8.56 and then slowly started to gain. I thought that it would now pick and will reach up to AED8.75. Alas! what a great disaster. The big bockers they always play dirty trick to make you trapped. Yeah! Same thing happened to me. A sharp fall to AED8.23 , you may imagine how much I lost as i bought at AED8.57.
Similarly, for Amlak, it started at AED5.03/ share. Then it came down to AED4.93. Then shot up. I thought it would break AED5.05 barrier. So took a position with good quantity at AED4.97. But bad luck! it went down to AED4.92. I adjusted my bid to 4.85. Then it jumped to 4.93.. up to 4.95. What a great surprise ! It fell down to 4.83. Great loss . So be careful while dealing with stocks. As Mr. Donalled Trump once told that " I saw many people became penniless by dealing with bad stocks". He is correct. When I was registering my name with DFM market , one young broker by satire told me" Buy .. you will loose AED50,000 in no time" I was loughing at his remark. He did not know what I was going to do being an economist. It proved wrong and he was proved to be correct. I did not have his cell phone number, otherwise I would have saluted him... Read the following:
Strong economic performance in the UAE and plans by more local companies to open up to non-nationals will tempt foreigners to boost investment in domestic shares away from turbulent global markets, dealers said on Wednesday.
Foreigners are already pouring funds into the UAE’s two main bourses of Abu Dhabi and Dubai to take advantage of strong corporate performance, high share return, relative stability and decisions by more listed companies to open up dealing in their shares or increase foreign ownership in them.
Between January and March, the foreign ownership in the companies trading their shares in Abu Dhabi and Dubai fluctuated between 20 and 35 per cent, while it did not exceed 10 per cent in 2004 and 2005, according to the dealers.
“We expect a large increase in foreign investment in shares in the UAE this year compared to last year and 2006… there are many factors that make the UAE a tempting market for foreigners,” said Ziad Dabbas, share dealing adviser at the government-controlled National Bank of Abu Dhabi, one of the largest institutions trading its shares in the UAE.
“The most important factors are that the UAE economy is growing fast, oil prices are expected to remain high and return from shares here are very high… furthermore, some international banks have opened offices in the UAE and they are encouraging foreigners to invest here,” he told Emirates Business.
Dabbas said investment funds created by local banks and other financial institutions, and plans for more such funds have also encouraged foreign capital.
“These funds have highly qualified experts in asset management and they have succeeded in attracting foreign capital… they are also involved in massive marketing campaigns abroad and all this is attracting foreigners to the UAE… another key external factor is the turbulence in global markets, which have become more and more risky. This is pushing many investors away from those markets and some of them are heading for the UAE.”
The UAE has the second largest stock market in the Middle East after Saudi Arabia, with the combined market capitalisation of its Abu Dhabi and Dubai bourses standing at Dh954 billion on Wednesday, including Dh492bn for Dubai.
The surge in foreign investment over the past two years has boosted share dealing in the UAE after it was one of the quietest markets in the region because foreigners were not allowed to trade. While it was the main stimulant of dealing, the entry of foreigners turned the UAE into one of the most speculative bourses in the Middle East after it was the least speculative as trading was confined to nationals, most of whom had preferred long-term investments.
“There was a surge in foreign investment in the UAE shares last year but this year is expected to be even better,” said Bassam Al Rumhi, director of stock brokerage at the Emirates Securities Market in Abu Dhabi.
“There are many reasons for this expected rise this year, including plans by more companies to open up to foreigners or to increase the ratio of foreign ownership of their shares… other key factors are the investment safety in the UAE compared to the highly volatile global markets, the flexible economic and financial laws in the UAE compared to other Arab countries, and the stability of the UAE dirham against the dollar.
“Another element is that the decisions taken in the UAE are always to the benefit of the economy and the market, unlike in many other regional countries, where the decisions are based on many considerations before the general interests of the market and investors.”
Tuesday, April 22, 2008
Keep An Eye on DFM Stocks
23.04.08
The market is bullish. Please keep an eye on the following stocks under DFM:
GulfNav
DFM
Du
Emaar
RAK Properties
DIB-Dubai Islmaic Bank
Also reliable tips:
DFM Stock rises or falls with the Oil prices. If the oil price rises Dubai Stock gains and if the oil price falls Dubai Financial Stock falls. The is a general view. Not necessary it will always work. But keep an eye on the above stocks. Be careful about the Arabtech stock as it reached almost high peak. If you do not get out of the market, you may regret as it may fall soon.
The market is bullish. Please keep an eye on the following stocks under DFM:
GulfNav
DFM
Du
Emaar
RAK Properties
DIB-Dubai Islmaic Bank
Also reliable tips:
DFM Stock rises or falls with the Oil prices. If the oil price rises Dubai Stock gains and if the oil price falls Dubai Financial Stock falls. The is a general view. Not necessary it will always work. But keep an eye on the above stocks. Be careful about the Arabtech stock as it reached almost high peak. If you do not get out of the market, you may regret as it may fall soon.
22.04.08-UAE Equity Bullish Gains
22.04.08
UAE markets on Tuesday continued with the slow but consistent uptrend, accumulating 3.35 per cent of gains since the beginning of 2008.
The market capitalisation of the listed companies hit Dh865 billion. It can easily touch the Dh1 trillion level this year, given the consistent gains and the new listings expected in 2008.
*** The Emirates Securities general index advanced 0.66 per cent to 6,217.48 as the stocks added Dh5.7 billion to the market capitalisation.
In Abu Dhabi, the dividend announced by Abu Dhabi Commercial Bank (ADCB) seems to have surprised investors as the share price surged 6.36 per cent to Dh7.08 after touching the maximum limit several times during the session.
*** ADCB accounted for more than Dh409 million worth of trading, of the total Dh1.17 billion trading volume in Abu Dhabi.
*** The general index reacted positively despite the 0.46 per cent worth of losses recorded by etisalat, which fell to Dh21.85. The index gained 0.36 per cent to close at 5013.88, well above the 5000 level.
*** Profit-booking and re-positioning dragged the real estate sub-index down 0.79 per cent, with Sorouh Real Estate and Aldar Properties retreating 1 and 0.44 per cent to Dh9.88 and Dh11.35 respectively.
In Dubai, the general index advanced by almost one per cent to 5,777.10 on account of the strong gains recorded by many leading shares including Emaar Properties, which gained a healthy 2.6 per cent to close at Dh11.90.
*** Arabtec continued to outperform the market and shot up by more than five per cent to a new record of Dh15.60.
*** Amlak Finance was also among the best performers by adding 3.53 per cent to its value to close at Dh4.98, followed by Dubai Financial Market, Tamweel and Dubai Investments, all ending the session with strong gains. The losers included Deyaar Development and Tabreed.
Margin trading: Seminar organised
The Emirates Securities and Commodities Authority (Esca) yesterday organised a seminar on margin trading for brokers in Dubai and Abu Dhabi.
The seminar introduced the brokers to concepts such as primary margin, recall margin, value of recall and the impact of margin trading on credit policies.
UAE markets on Tuesday continued with the slow but consistent uptrend, accumulating 3.35 per cent of gains since the beginning of 2008.
The market capitalisation of the listed companies hit Dh865 billion. It can easily touch the Dh1 trillion level this year, given the consistent gains and the new listings expected in 2008.
*** The Emirates Securities general index advanced 0.66 per cent to 6,217.48 as the stocks added Dh5.7 billion to the market capitalisation.
In Abu Dhabi, the dividend announced by Abu Dhabi Commercial Bank (ADCB) seems to have surprised investors as the share price surged 6.36 per cent to Dh7.08 after touching the maximum limit several times during the session.
*** ADCB accounted for more than Dh409 million worth of trading, of the total Dh1.17 billion trading volume in Abu Dhabi.
*** The general index reacted positively despite the 0.46 per cent worth of losses recorded by etisalat, which fell to Dh21.85. The index gained 0.36 per cent to close at 5013.88, well above the 5000 level.
*** Profit-booking and re-positioning dragged the real estate sub-index down 0.79 per cent, with Sorouh Real Estate and Aldar Properties retreating 1 and 0.44 per cent to Dh9.88 and Dh11.35 respectively.
In Dubai, the general index advanced by almost one per cent to 5,777.10 on account of the strong gains recorded by many leading shares including Emaar Properties, which gained a healthy 2.6 per cent to close at Dh11.90.
*** Arabtec continued to outperform the market and shot up by more than five per cent to a new record of Dh15.60.
*** Amlak Finance was also among the best performers by adding 3.53 per cent to its value to close at Dh4.98, followed by Dubai Financial Market, Tamweel and Dubai Investments, all ending the session with strong gains. The losers included Deyaar Development and Tabreed.
Margin trading: Seminar organised
The Emirates Securities and Commodities Authority (Esca) yesterday organised a seminar on margin trading for brokers in Dubai and Abu Dhabi.
The seminar introduced the brokers to concepts such as primary margin, recall margin, value of recall and the impact of margin trading on credit policies.
Dubai & Abu Dhabi Stocks Bullish
DUBAI & ABU DHABI STOCKS ARE BULLISH:
21.04.08
•The Abu Dhabi Securities Market reached its highest close for two years yesterday, yet still could not match the gains of the Dubai bourse, which climbed 2.3 per cent.
•This rise saw the Dubai Financial Market General Index surge 127 points to 5,711, while the ADSM added 1.82 per cent to finish on 5,000 points, its best close since January 2006, according to Reuters figures.
•The markets’ steadily rising turnover over the past week had indicated that institutions were returning, although many analysts warned trading was still too low for funds to be back en-masse.
•However, any uncertainty was blown away yesterday as combined turnover topped Dh4.4 billion, by far the largest figure this month and only slightly below the November average of Dh4.7bn.
•“Foreign participation had been slowing down before last week and yesterday’s jump in turnover shows that they have now returned in a major way,” said Sherif Abdul Khalek, Al-Futtaim HC Securities dealing room manager.
•“Investors are confident we are at the start of a new uptrend and that the sideways movement of the past month could be coming to an end.
•“Volumes are increasing, which makes it more likely these optimistic forecasts will be correct, while Dubai closing above the 5,650 resistance mark was very good news.”
•Large cap companies were the drivers of Dubai’s surge, with Emaar and the DFM’s own stock increasing by 3.13 and 5.64 per cent respectively.
•The latter was also the most traded stock in value and volume terms, with 110 million shares worth a combined Dh624m changing hands. These compare to the respective market totals of 549m and Dh2.6bn.
•“The rise in the DFM’s stock reflects investors’ confidence in the whole market and a belief trading is about to really take off,” said Khalek.
•“Blue chips are leading the rally as global investors target the liquid stocks such as the DFM, Tamweel, Aldar and Sorouh.
•“Meanwhile, retail investors are bullish and day traders are returning because of the market movement and high volumes – there are some good opportunities to make money,” said Khalek.
•There were only 12 losers on both markets combined and, of these, only Gulf General Investments and Al Khazna Insurance saw significant volumes. The former fell by 0.62 per cent and the latter by 1.64 per cent.
•“Everybody has been comfortable with valuations, but were somewhat sceptical about first quarter earnings,” said Ahmad Shahin, Shuua Capital senior associate for equities strategy research.
•“With the first positive signs coming in from the United States and regional first quarter earning announcements, which have broadly matched or exceeded expectations, confidence levels among investors was noticed by the sudden surge in liquidity levels last week.”
•As forecast on these pages on Friday, mortgage lenders also excelled, with both Amlak Finance and Tamweel making near-seven per cent gains.
•According to Emaar Saudi Financial Services (ESFS), the UAE mortgage sector is ripe for massive expansion, with the country’s mortgage assets to GDP ratio standing at just six per cent, while in selected emerging and developed markets this figure between 12 and 80 per cent.
•ESFS forecasts the UAE ratio will increase to 11 per cent by 2012, which translates into bumper future profits for the nation’s mortgage providers.
•More gains predicted
The UAE markets should make further gains on Monday, providing volumes can match yesterday’s month-best figures.
“If the exchanges can sustain their momentum and more money flows into the market, then Dubai can target the next resistance of 5,850,” said Sherif Abdul Khalek, Al-Futtaim HC Securities dealing room manager.
He believes the Dubai index will reach 5,900 points, before correcting to around the 5,700-level, and offers a similar outlook for the ADSM, saying the capital’s bourse should add another one to two per cent before seeing profit taking halt its charge. This would see the ADSM reach 5,200 points before dropping back to 5,100 to 5,150.
•
“The market should move up for the rest of April with lots of trading activity,” said Khalek. “If there are higher volumes tomorrow, then the markets could surprise us. Both domestic markets will move together, but if there’s correction Dubai will be harder hit than Abu Dhabi.”
Meanwhile, Deyaar shares climbed 1.7 per cent to Dh2.37 ahead of a company board meeting late yesterday. This will appoint a new chief executive to succeed Zack Shahin who resigned on Tuesday after being arrested on suspicion of embezzlement.
•Deyaar is the real estate subsidiary of Dubai Isalmic Bank.
•The ones to watch
Abu Dhabi’s heroes were once again found in the real estate and building sectors, with Aldar and Sorouh making respective gains of 3.6 and 3.34 per cent, while Arkan increased by 2.67 per cent. The latter was buoyed by rumours it will soon allow foreign ownership of its shares.
Energy stocks also prospered with Aabar, Dana Gas and Taqa all advancing as strong buy orders pushed prices higher. All Dubai sectors made gains except materials and consumer staples, which as usual saw virtually zero trading.
Unsurprisingly, brokers report international funds were targeting stock most likely to benefit from the UAE’s infrastructure boom, which means companies in banking, finance and real estate and related industries.
Du was another company on investors’ shopping lists and was Dubai’s fifth most traded share in cash terms, adding 3.03 per cent to Dh6.32. Du has jumped 12 per cent over the past week, although it has still lost a fifth of its value since December 27’s record peak of Dh7.89. First Gulf Bank and Union National Bank both leaped five per cent or more after Goldman Sachs launches coverage of both lenders with “buy” ratings.
“Interest is coming from all sides – local and international funds, retail players and high net worth individuals,” said Sherif Abdul Khalek, Al-Futtaim HC Securities dealing room manager.
21.04.08
•The Abu Dhabi Securities Market reached its highest close for two years yesterday, yet still could not match the gains of the Dubai bourse, which climbed 2.3 per cent.
•This rise saw the Dubai Financial Market General Index surge 127 points to 5,711, while the ADSM added 1.82 per cent to finish on 5,000 points, its best close since January 2006, according to Reuters figures.
•The markets’ steadily rising turnover over the past week had indicated that institutions were returning, although many analysts warned trading was still too low for funds to be back en-masse.
•However, any uncertainty was blown away yesterday as combined turnover topped Dh4.4 billion, by far the largest figure this month and only slightly below the November average of Dh4.7bn.
•“Foreign participation had been slowing down before last week and yesterday’s jump in turnover shows that they have now returned in a major way,” said Sherif Abdul Khalek, Al-Futtaim HC Securities dealing room manager.
•“Investors are confident we are at the start of a new uptrend and that the sideways movement of the past month could be coming to an end.
•“Volumes are increasing, which makes it more likely these optimistic forecasts will be correct, while Dubai closing above the 5,650 resistance mark was very good news.”
•Large cap companies were the drivers of Dubai’s surge, with Emaar and the DFM’s own stock increasing by 3.13 and 5.64 per cent respectively.
•The latter was also the most traded stock in value and volume terms, with 110 million shares worth a combined Dh624m changing hands. These compare to the respective market totals of 549m and Dh2.6bn.
•“The rise in the DFM’s stock reflects investors’ confidence in the whole market and a belief trading is about to really take off,” said Khalek.
•“Blue chips are leading the rally as global investors target the liquid stocks such as the DFM, Tamweel, Aldar and Sorouh.
•“Meanwhile, retail investors are bullish and day traders are returning because of the market movement and high volumes – there are some good opportunities to make money,” said Khalek.
•There were only 12 losers on both markets combined and, of these, only Gulf General Investments and Al Khazna Insurance saw significant volumes. The former fell by 0.62 per cent and the latter by 1.64 per cent.
•“Everybody has been comfortable with valuations, but were somewhat sceptical about first quarter earnings,” said Ahmad Shahin, Shuua Capital senior associate for equities strategy research.
•“With the first positive signs coming in from the United States and regional first quarter earning announcements, which have broadly matched or exceeded expectations, confidence levels among investors was noticed by the sudden surge in liquidity levels last week.”
•As forecast on these pages on Friday, mortgage lenders also excelled, with both Amlak Finance and Tamweel making near-seven per cent gains.
•According to Emaar Saudi Financial Services (ESFS), the UAE mortgage sector is ripe for massive expansion, with the country’s mortgage assets to GDP ratio standing at just six per cent, while in selected emerging and developed markets this figure between 12 and 80 per cent.
•ESFS forecasts the UAE ratio will increase to 11 per cent by 2012, which translates into bumper future profits for the nation’s mortgage providers.
•More gains predicted
The UAE markets should make further gains on Monday, providing volumes can match yesterday’s month-best figures.
“If the exchanges can sustain their momentum and more money flows into the market, then Dubai can target the next resistance of 5,850,” said Sherif Abdul Khalek, Al-Futtaim HC Securities dealing room manager.
He believes the Dubai index will reach 5,900 points, before correcting to around the 5,700-level, and offers a similar outlook for the ADSM, saying the capital’s bourse should add another one to two per cent before seeing profit taking halt its charge. This would see the ADSM reach 5,200 points before dropping back to 5,100 to 5,150.
•
“The market should move up for the rest of April with lots of trading activity,” said Khalek. “If there are higher volumes tomorrow, then the markets could surprise us. Both domestic markets will move together, but if there’s correction Dubai will be harder hit than Abu Dhabi.”
Meanwhile, Deyaar shares climbed 1.7 per cent to Dh2.37 ahead of a company board meeting late yesterday. This will appoint a new chief executive to succeed Zack Shahin who resigned on Tuesday after being arrested on suspicion of embezzlement.
•Deyaar is the real estate subsidiary of Dubai Isalmic Bank.
•The ones to watch
Abu Dhabi’s heroes were once again found in the real estate and building sectors, with Aldar and Sorouh making respective gains of 3.6 and 3.34 per cent, while Arkan increased by 2.67 per cent. The latter was buoyed by rumours it will soon allow foreign ownership of its shares.
Energy stocks also prospered with Aabar, Dana Gas and Taqa all advancing as strong buy orders pushed prices higher. All Dubai sectors made gains except materials and consumer staples, which as usual saw virtually zero trading.
Unsurprisingly, brokers report international funds were targeting stock most likely to benefit from the UAE’s infrastructure boom, which means companies in banking, finance and real estate and related industries.
Du was another company on investors’ shopping lists and was Dubai’s fifth most traded share in cash terms, adding 3.03 per cent to Dh6.32. Du has jumped 12 per cent over the past week, although it has still lost a fifth of its value since December 27’s record peak of Dh7.89. First Gulf Bank and Union National Bank both leaped five per cent or more after Goldman Sachs launches coverage of both lenders with “buy” ratings.
“Interest is coming from all sides – local and international funds, retail players and high net worth individuals,” said Sherif Abdul Khalek, Al-Futtaim HC Securities dealing room manager.
How Did I Win Today's Stock- Some good Tips
It was a hectic day on 22.04.08. I knew that I will sure make money today, definitely. You will ask me how could I forcast in advance, correct? Let me explain.
Login to your online DFM website , I do with Masreq Security,so I know what I am doing correctly. Of course the idea and the trick is same. Please open two login positions simultaneously. What does it mean? At the same time to open two logins. Now one keep refeshing to know the latest market updates second by second(here only by 10 second).This will give you exactly what to do and when to take action.
Take buy position, choose your stock, write/input the quantity you can afford to buy or wish to buy as per your plan and cash in hand or purchase power. Input the password, but never click "excution" button. Wait and refresh to see the up and down of price. See what is the demand i.e. bid volume size and compare the supply means quantity offeres size. You will automatically know which oen is greater, if the demand is high, definitely the price will change to upward trend. So click "execution" button now before the price changes. You will sure get the desired stock with the price you quoted at 0.01 fils/cent higher than others did bid.
Now you got the stock quantity, and it is your chance to make money/profit. How? Take Sale position but the portal you signed in. Watch the market price by refreshing the "refresh" button frequently to keep youself abreast with the price people are quoting. See the demand and supply of that stock. If the demands are high, be sure the price will go up, wait and see what I said.
Now if the price starts falling watch carefully. Make your offer 0.01 cent/fil less than the market. and wait do not press the execution button until you refresh and see the the price still exists. As soon as you see it moves a bit high press the "execution" button. Sure you got the offer at your desired profit margin. Haa! Haa !
Follow my above one of the tricks I played today and made good sums. Keep reading more... to know other tricks I use make not huge but reasonable amount from Stocks. with continuity. This is valid for all market including USA or Canada.
Login to your online DFM website , I do with Masreq Security,so I know what I am doing correctly. Of course the idea and the trick is same. Please open two login positions simultaneously. What does it mean? At the same time to open two logins. Now one keep refeshing to know the latest market updates second by second(here only by 10 second).This will give you exactly what to do and when to take action.
Take buy position, choose your stock, write/input the quantity you can afford to buy or wish to buy as per your plan and cash in hand or purchase power. Input the password, but never click "excution" button. Wait and refresh to see the up and down of price. See what is the demand i.e. bid volume size and compare the supply means quantity offeres size. You will automatically know which oen is greater, if the demand is high, definitely the price will change to upward trend. So click "execution" button now before the price changes. You will sure get the desired stock with the price you quoted at 0.01 fils/cent higher than others did bid.
Now you got the stock quantity, and it is your chance to make money/profit. How? Take Sale position but the portal you signed in. Watch the market price by refreshing the "refresh" button frequently to keep youself abreast with the price people are quoting. See the demand and supply of that stock. If the demands are high, be sure the price will go up, wait and see what I said.
Now if the price starts falling watch carefully. Make your offer 0.01 cent/fil less than the market. and wait do not press the execution button until you refresh and see the the price still exists. As soon as you see it moves a bit high press the "execution" button. Sure you got the offer at your desired profit margin. Haa! Haa !
Follow my above one of the tricks I played today and made good sums. Keep reading more... to know other tricks I use make not huge but reasonable amount from Stocks. with continuity. This is valid for all market including USA or Canada.
Monday, April 21, 2008
Daily Market DFM
DFM
20.04.08
Please find the Best and Worse performer of today:
DFM 3 Best Performers
Price
AED
%
Change
AMLAK FINANCE 4.9 +6.9
TAMWEEL 8.4 +6.7
DFM 5.8 +5.6
DFM 3 Worst Performers
Price
AED
%
Change
A. SCANDINAVN INS 2.5 -4.8
AL MAZAYA
HOLDING 9.8 -2.5
NATL CEMENT CO 14.8 -1.0
ADSM 3 Best Performers
Price
AED
%
Change
FBICO 2,9 +9.7
FOODCO 5.3 +8.6
INT FISH FARMING 12.4 +8.4
ADSM 3 Worst Performers
Price
AED
%
Change
GULF MEDICAL 6.9 -8.0
AD SHIP BLDG CO 4.7 -4.2
QA TELECOM 200.0 -3.8
DFM Volume Leaders Volume
DFM 109,533,132
AMLAK FINANCE 70,956,657
DEYAAR 65,764,836
ADSM Volume
Leaders Volume
ARKAN BLD MT CO 60,844,149
DANA GAS 42,588,420
SOROUH REAL
ESTATE 41,079,629
read more next....
20.04.08
Please find the Best and Worse performer of today:
DFM 3 Best Performers
Price
AED
%
Change
AMLAK FINANCE 4.9 +6.9
TAMWEEL 8.4 +6.7
DFM 5.8 +5.6
DFM 3 Worst Performers
Price
AED
%
Change
A. SCANDINAVN INS 2.5 -4.8
AL MAZAYA
HOLDING 9.8 -2.5
NATL CEMENT CO 14.8 -1.0
ADSM 3 Best Performers
Price
AED
%
Change
FBICO 2,9 +9.7
FOODCO 5.3 +8.6
INT FISH FARMING 12.4 +8.4
ADSM 3 Worst Performers
Price
AED
%
Change
GULF MEDICAL 6.9 -8.0
AD SHIP BLDG CO 4.7 -4.2
QA TELECOM 200.0 -3.8
DFM Volume Leaders Volume
DFM 109,533,132
AMLAK FINANCE 70,956,657
DEYAAR 65,764,836
ADSM Volume
Leaders Volume
ARKAN BLD MT CO 60,844,149
DANA GAS 42,588,420
SOROUH REAL
ESTATE 41,079,629
read more next....
Monday, April 14, 2008
Dubai-Equity Stock Markets
All business men who are trading in Stocks and Equity bourse in Dubai or Abu Dhabi cannot understand why the market is not behaving as per their wishes. So we feel we need to dicuss about the trends of Stock Markets in UAE and how to help public to get profits out of trading.
We will also share ideas with the brokers, traders, get feedback,provide regular data or graphical statistics, newspaper views, investors, analysts' view when to buy and when to sell.
UAE stock markets declined on Monday, moving within a tight range and modest liquidity prevailing.
14.04.2008:
The Emirates Securities general index retreated 0.24 per cent to 5,923.10, only 1.55 per cent below its value in the beginning of the year.
In Dubai, the benchmark index dropped 0.34 per cent to 5,422.82, while the value of traded shares fell below Dh412 million.
The leading shares reported a mixed performance, as the market continued to ignore strong financial disclosures, the latest of which was the Dubai Financial Market (DFM), which reported a 231 per cent increase in its first quarter's net profit compared to last year on Sunday, and yet fell by the close of Monday's session by 0.58 per cent to Dh5.12.
Most analysts agree that the behaviour of investors towards DFM is unjustified, while rendering a more consistent performance than the Abu Dhabi Securities Market.
Since the beginning of the year, ADSM accumulated more than seven per cent of gains, while DFM is down by more than eight per cent so far,- said Ahmad Abdul Rahman, head of research and financial analysis at Amanah Capital.
In Abu Dhabi, the general index retreated by 0.23 per cent to 4,842.22 on account of the losses recorded by the real estate sector and etisalat, the index's heavyweight.
Sorouh Real Estate and Aldar Properties continued to decline for the second consecutive session, dropping 0.94 and 0.46 per cent to Dh9.34 and Dh10.75 respectively.
Meanwhile, etisalat dropped more sharply by 1.37 per cent to Dh21.70.
The modest gains of the leading banks compensated for the losses. National Bank of Abu Dhabi and Abu Dhabi Commercial Bank advanced 0.73 and 0.75 per cent to Dh20.70 and Dh6.70 respectively.
***
Tomorrow we will highlight the tips to buy and sell by expert views...***
We will also share ideas with the brokers, traders, get feedback,provide regular data or graphical statistics, newspaper views, investors, analysts' view when to buy and when to sell.
UAE stock markets declined on Monday, moving within a tight range and modest liquidity prevailing.
14.04.2008:
The Emirates Securities general index retreated 0.24 per cent to 5,923.10, only 1.55 per cent below its value in the beginning of the year.
In Dubai, the benchmark index dropped 0.34 per cent to 5,422.82, while the value of traded shares fell below Dh412 million.
The leading shares reported a mixed performance, as the market continued to ignore strong financial disclosures, the latest of which was the Dubai Financial Market (DFM), which reported a 231 per cent increase in its first quarter's net profit compared to last year on Sunday, and yet fell by the close of Monday's session by 0.58 per cent to Dh5.12.
Most analysts agree that the behaviour of investors towards DFM is unjustified, while rendering a more consistent performance than the Abu Dhabi Securities Market.
Since the beginning of the year, ADSM accumulated more than seven per cent of gains, while DFM is down by more than eight per cent so far,- said Ahmad Abdul Rahman, head of research and financial analysis at Amanah Capital.
In Abu Dhabi, the general index retreated by 0.23 per cent to 4,842.22 on account of the losses recorded by the real estate sector and etisalat, the index's heavyweight.
Sorouh Real Estate and Aldar Properties continued to decline for the second consecutive session, dropping 0.94 and 0.46 per cent to Dh9.34 and Dh10.75 respectively.
Meanwhile, etisalat dropped more sharply by 1.37 per cent to Dh21.70.
The modest gains of the leading banks compensated for the losses. National Bank of Abu Dhabi and Abu Dhabi Commercial Bank advanced 0.73 and 0.75 per cent to Dh20.70 and Dh6.70 respectively.
***
Tomorrow we will highlight the tips to buy and sell by expert views...***
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