Can any body advice what is wrong with Commercial bank of dubai?
CBD is also used to manipulate the index. It was limit down yesterday and today on very limited trading (25k). It dropped from 2.8 last week to 3.12 now shaving off aprox 25 points of DFM.
The typical daily volume of CBD trading is about 20k, so very easy to bring up or down...
At the right moment when the big guys want to dispose their shares they may pump up CBD back to show that index is stable while they are killing Emaar
There were only 4 trades today so I don’t think anything interesting is happening with the stock. Results on the 25th of Feb looked good Dh803 million for the year (up by 4.1 per cent). Given what’s been happening in the banking industry I think you would have to say that it’s a good result.
i think it will continue for tomorrow to take the price below 3.00
Yes, Probably
It has nothing to do with CBD or its fundamentals (good or bad)... As they take CBD below 3 in few days with minimal investment, they can also take it back to 4 easily
But they use the heavy weight of CBD, ENBD and Mashreq to influence the whole market
The big boys are now pumping Emaar, ...when they want to exit Emaar, they will need something to support the index... Otherwise they can't sell the huge qty they bought at a good price...They will sell Emaar slowly and pump CBD and ENBD so that the herds of DFM will see the index still going up and buy Emaar at any price...
So they would like to keep some stocks pushed below fair value so that they can switch to these later, then pump these up... and make some more money..
Watch ENBD which can be limit up for 2-3 days after they are done with Emaar. They may take ENBD above 3 once the news of DW settlement is out (if any)
This is the whole idea about individual parties ...not a big one for all shares at the sometime
992 share sold at Dhs 3000 at limit down this morning.
Can this be a real seller that had the urge today early morning to liquidate his valuable life-time saving of 3000 dhs (and pay the min commission of Dhs 75)
Of course, not...This is a pure index manipulation to scare the day traders that the index is going red also to destroy the technical charts
By the way, there are smart buyers now who placed buy orders at the limit down. Most likely, these will not be fulfilled because no one will want to sell at this price ...
Anyway, the market is a bit smarter now, it ignored the trick after 15-20 minutes and went ahead green again (but mean time some garbed some other share at 1-2% lower price)
Now the big guy have enough cards to take Emaar again back to Dhs 3.11 over few days while keeping the index green using CBD and ENBD
They also have the capacity to revive DFM with electric shock whenever they see the market running out of steam while they are dumping their holdings
Certainly, DFM management should investigate these small suspicious transactions or find a simple mechanism to neutralize the effect of index
P.S I think CBD at Dhs 3 is a great deal, but if sell something else to buy CBD now at 3, there won't be any sellers.
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...not a big one for all shares at the sometime 
