Emaar MGF IPO? Markets 17 Jan 07

UAE market news & discussions for 15 January 2007 EMAAR joint venture with India's MGF - AED 11 bn IPO plans - R 14 Jan 2007 DFM - actively traded stocks list for 2006 H2 - PR 15 Jan 2007 TAMWEEL in the news today? 15 Jan 2007 IAIC in the news today? - 15 Jan 2007 EIC - appointment of a new Chief Financial Officer - 15 Jan 2007 QTEL - alliance with ST Telemedia for Asia-Pacific expansion - 15 Jan 2007 RAKNIC - 25% foreign ownership approved by ministry - 15 Jan 2007 ABNIC 2006 FY technical profits up 20% - 15 Jan 2007 FGB housing finance agreement with Abu Dhabi government - PR 15 Jan 2007 ADCB 2006 FY profits (not yet) BOD meeting 21 Jan 2007 FGB - gold sponsor of Al Ain Air Show 2007 - PR 14 Jan 2007 Top stock picks for January 2007 2006 FY profit announcements for Saudi Arabia stock exchange 2006 FY profit announcements for Doha stock market, Qatar IPOs coming up in Saudi Arabia in 2007 UFC - changes to board of directors - disclosure DFM 14 Jan 2007 ETISALAT - Mobily (Saudi) intends to bid for Saudi mobile license - SEB 14 Jan 2007 SHUAA - new director of sales appointment - KT 14 Jan 2007 ADCB Quality Management System approval from Lloyd's - KT 14 Jan 2007 EMAAR - Pakistan island projects - AED 158 bn development ETISALAT control of .ae domain to go to the TRA - GN 14 Jan 2007 MASQ - Mashreq Bank relocates their main branch in Qatar - PR 14 Jan 2007 NBS / SIB signs MoU with Sharjah Tatweer Forum - PR 14 Jan 2007 GLOBAL GCC Real Estate Fund (April 2005 launch) - update 14 Jan 2007 GLOBAL acquires Sudanese financial services company - PR 14 Jan 2007 More...

Dubai and Abu Dhabi stock market report 15 January 2007

top gainers symbol price change (dh) ADAVIATION 2.15 0.15 BILDCO 3.92 0.18 FH 8.74 0.24 UNB 7.22 0.19 NBAD 22.10 0.55

top losers symbol price change (dh) NCTH 4.11 -0.39 ADNH 5.75 -0.45 MAZAYA 7.91 -0.40 SCIDC 3.98 -0.16 NBD 9.00 -0.30

top volume symbol value (AED) price EMAAR 21,562,017 12.25 ALDAR 14,539,377 3.81 DIC 6,666,225 4.30 ARKAN 5,535,925 1.33 AMLAK 5,089,094 5.10

After the  plummet of yesterday 14 January the markets in the UAE stabilised today. The DFM index was up slightly by 0.31% to 4084 and ADSM was down slightly by 0.14% to 2979. Both markets are drifting and bumping along waiting for direction. Do I hear yearly results will break the spell?

Dubai Financial Market

Most actively traded stocks by value today were Emaar Properties PJSC (EMAAR), National Bank of Dubai (NBD) and Dubai Investments PJSC (DIC). The standout was Emaar Properties PJSC (EMAAR) rising 1.65% on volumes of more than 21 million shares. This could be explained by the speculation regarding the Emaar MGF IPO in the Indian propery market, or not, depending on how you interpret Emaar's announcement today. National Bank of Dubai (NBD) was down over 3%.

Other stocks which traded today on healthy volumes of more than 5 million shares included Dubai Investments PJSC (DIC) and Amlak Finance Company (AMLAK).

Abu Dhabi Securities Market

A disappointing day today with the ADSM index finishing below the 3000 level. The total volume of shares traded was a relatively small 35 million shares with decliners out numbering gainers 21 to 13.

The most active stocks by volume were Aldar Properties PJSC (ALDAR), ARKAN and Abu Dhabi Commercial Bank (ADCB).

The biggest gainers were ADAVIATION, Abu Dhabi National Company for Building Materials (BILDCO) and Finance House PJSC (FH). However only BILDCO rose on significant volume.

The biggest losers were NCTH, ADNH both in the consumer sector and Sharjah Cement & Industrial Development Company (SCIDC). However only NCTH showed significant volume

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