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DP World, Depa Ltd. dive over six percent at NASDAQ Dubai
August 09, 2011--The FTSE NASDAQ Dubai UAE 20 Index closed at 1504.51 today, down by 56.28 points, or -3.61%, from the previous close. The negative global sentiment,
which triggered panic sales at some Asian markets, dragged shares of Dubai Ports (DP) World down by 6.12%, closing at $10.89. Interior designer DEPA Ltd. plunged to $0.475 (off 6.86%).
Petrochemical shares drag Saudi Stock Exchange down 0.81%
August 09, 2011--The Tadawul lost 0.81% on Tuesday, closing at 6,008.67 points. Sabic, the most liquid share, declined 1.28% to close at the lowest level since March this year at SR96.25.
Trade Union Cooperative Insurance Company plummeted 5.57%, finishing as a top loser at SR21.20.
Qatar Exchange has 8,000 points in sight
August 09, 2011-The QE Index declined 1.76% to 8,070.69 points as shares lost across the board.
the QE revealed earlier in the day that the total trading value during the period of 31 July through August 4, 2011 reached QR927.7m.
Sharjah banks buck Abu Dhabi market fall
August 09, 2011--The ADX General Index was not immune against further indexes declines worldwide and closed 1.34% lower to 2,577.76 points.
Sharjah-based Dana Gas dived 5.17% to Dhs0.55. Shares of Sharjah Islamic Bank (up. 3.49% at Dhs0.90) and Bank of Sharjah (2.86% higher at Dhs1.80) gained against the trend. Smome 86.18m shares were traded, valued at Dhs121.56m.
Dubai market dives 1.95%, extends year-to-date loss to 11.42%
August 09, 2011--The DFM General Index ended 1.95% lower at 1,444.29 point amid tumbling global exchanges. Emaar fell 2.83% to Dhs2.75. Arabtec Construction plummeted three percent to Dhs1.30. Only Islamic insurer Dartakaful gained value (up 1.11% to reach Dhs0.637).
Market observers publicly discussi when bargain prices will attract buyers. "Wouldn’t be surprising to see a relief rally in the near term with supportive statements from policymakers," says Dr. Giyas Gokkent, Chief Economist at National Bank of Abu Dhabi (NABD). Trading volumes remained relatively high, as around 163.65m shares were traded, valued at Dhs218.75.
DGCX scores a daily record volume of 35,796 contracts on August 4
August 4, 2011--The exchange traded 35,796 contracts worth US $ 1.91 billion on August 4
Indian Rupee futures recorded the highest ever daily volume of 22,827 contracts, valued at US $1.02 billion
The Dubai Gold and Commodities Exchange (DGCX) traded highest ever daily volume of 35,796 contracts, valued at US $1.91 billion, on Thursday, August 4, 2011. The new record surpasses the previous best of 24,532 contracts traded on August 3, 2011.
DGCX also witnessed very active trading in Indian Rupee/US Dollar futures on August 4, 2011, achieving a new daily record volume of 22,827 contracts worth US $1.02 billion. The previous record was set on July 27, 2011 with 19,596 contracts.
Dubai Mercantile Exchange Sets New Records in July
Trading volumes and physical delivery highest since launch
August 8, 2011--The Dubai Mercantile Exchange Limited (DME) announced today that it set two new trading records during the month of July 2011. The exchange not only achieved the highest average daily volumes, but also saw record physical delivery for its benchmark Oman Crude Oil Futures Contract (DME Oman) since the commencement of trading on the Exchange in June 2007.
Average daily volumes (ADV) for DME Oman Crude Oil Futures Contract (DME Oman) in July stood at 4,427 contracts (equivalent to 4.4 million barrels of oil per day), with a record total of 88,539 contracts traded for the month. This represents a 35% year-on-year increase in trading levels on the exchange.
Ajman Bank shares soar on bank's 69% Q2 profit increase
August 08, 2011--The Dubai stock exchange DFM closed 0.76% lower at 1,473.07 points after a rollercoaster trading day. Market bellwether Emaar dipped 1.74% to Dhs2.83, while investment bank Shuaa Capital dived 4.69% to Dhs0.92.
Ajman Bank gained the most (up 5% at Dhs0.84) after the smallest Islamic bank in the UAE reported a net profit of Dhs0.5m for the second quarter 2011, a 69% year-on-year increase. The UAE's largest bank Emirates NBD finished 1.79% higher at Dhs3.99. Around 129m shares were traded, valued at Dhs178.4m. The advance-decline ratio improved to 9 to 18 (one share ended flat).
Resilient Abu Dhabi market advances 0.37%
August 08, 2011--Despite global markets in East and West declining on Monday on new recession fears, the ADX General Index closed 0.37% higher at 2,612.80 points, mostly by gains in the real estate and by heavyweight Etisalat (up one percent at Dhs10.45).
Shares of Abu Dhabi Islamic Bank , better known as ADIB, closed even at Dhs3.27. Earlier in the day, ADIB reported Q2 net profit of Dhs313.82m, up from Dhs301.6m in the corresponding period of 2010. ADIB upgraded its presence in the UAE retail banking sector, increasing its number of branches to 66 from 57 in Q2 2010.
Qatar bourse falls for the second day straight
August 08, 2011--Like the DFM in Dubai, the Doha-based QE Index gained ground at first but failed to sustain the rebound and closed 0.76% lower at 8,215.06 points, mostly because financial shares retreated.
Yesterday, Shares of Qatar Cinema and Film Distribution Company, better known as Cinema gained 0.59% to reach QR51.00. Earlier in the day, Cinema reported that net profits for the second quarter amounted to QR4.2m, a 5% increase vs Q2 2010.
