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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