Real estate sector rally lifts Dubai market

06/07/2010 00:00 AST

With stocks rising around the world, GCC markets join. The DFM real estate sector index ended with the largest advance, sending the DFM Index 1.54% upward to the level of 1,494.96 points. Dubai's market bellwether Emaar Properties emerged as the most liquid stock, jumping 3.25% to Dhs3.18. Financials ended on a mixed note. On the one hand, the Middle East's largest bank in relation to assets Emirates NBD failed to join the bull's run and ended two percent lower at Dhs2.45. On the other hand, investment bank Shuaa Capital, which just appointed Walid Shahibi as its new CEO, finished one percent higher at Dhs1.02. For the first time since July 1st, turnover rbounded at the DFM. Traded value advanced 88% to Dhs102,429,846 and 141,602,658 stocks changed hands, up by a staggering 231%.


AME Info

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SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683

Stock Market Info

ADX 4,608.97 23.76 (0.52%)

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Price/BookValue

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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 -2,870.62 (-48.15%)

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

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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%)

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