DFM closes above 1600 after more than 3 months

14/09/2010 00:00 AST

In line with analysts’ expectations of a post-Ramadan rebound, positive investment sentiment continued to lead gains throughout the trading sessions on the UAE bourses on Monday when it opened after the five-day Eid holiday.

Dubai Financial Market (DFM) index closed up 38.61 points or 2.42 per cent at 1630.85, with all sectoral indices setting the pace. Financial/investment sector’s shares rose the most at around 4 per cent.

This is the first time after May 30 that the DFM has closed above 1600-mark.

Rallies on the Asia-Pacific and European markets and Dubai World’s announcement on Friday about a formal agreement with over 99 per cent of its creditors to restructure approximately $24.9 billion of liabilities, sustained the buying momentum.

Major gainers included Emirates NBD, DFM, Global Investment House, Al Salam Bank Sudan, and Shuaa Capital.

The market breadth was positive, with 23 advances against just 4 declines and one remaining unchanged.

The market volume also surged from last Tuesday’s 156 million to around 239 million, equalling shares worth Dh437m from Tuesday’s Dh275m.

Abu Dhabi Securities Exchange (ADX) also gained 34.84 points or 1.38 per cent to close at 2,566.56, with all sectors posting gains.

The market volume stood at 117 million, equalling to shares valued at around Dh217m.


Business 24|7

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
RIBL 13.83 1,519,548
JARIR 177.89 111,251
STC 83.41 257,644
DARALARKAN 13.47 74,648,349

Stock Market Info

ADX 4,608.97 2,214.71 (92.50%)

Valuation

Market
Dividend Yield (%)
P/E
Price/BookValue

Momentum

Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Index Chart

Top Related Companies

Ticker Price Change
ADIB 3.91 0.02 (0.51%)
FAB 11.95 0.20 (1.70%)
ADCB 6.60 0.05 (0.76%)
CBI 0.87 0.11 (14.47%)
FGB 0.00 0.00 (0.00%)

Stock Market Info

DFM 3,091.15 -9.24 (-0.30%)

Valuation

Market
Dividend Yield (%)
P/E
Price/BookValue

Momentum

Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Index Chart

Top Related Companies

Ticker Price Change
EMIRATESNBD 10.65 0.05 (0.47%)
EIB 9.50 0.00 (0.00%)
EMAAR 5.61 -0.03 (-0.54%)
EMAARMALLS 2.16 0.00 (0.00%)
DIB 5.30 0.00 (0.00%)

Recent News

Foreign investors pile into Saudi Arabia in March amid kingdom's FTSE upgrade

05/04/2018

Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r

The National

Muscat bourse gains lifted by activity in financial shares

05/04/2018

Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti

Times of Oman

Dubai bourse takes a hit in traded value

05/04/2018

Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s

Gulf News

Financial blue chips drive Muscat bourse recovery

04/04/2018

Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank

Times of Oman

Emaar Properties stock hits new one-year low

04/04/2018

Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap