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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