UAE market news & discussions
for 07 March 2007
- ALDAR Al Dar Properties to allow founders to trade shares - ADSM 07 Mar 07
- TNI - founder shares AMLAK, AABAR, ARMX, ALDAR, ARTC, FH - PR 27 Feb 07
- ADCB & Macquarie Bank to start AED 3.7 bn infrastructure fund - 07 Mar 07
- Dubai Financial Market shares list 07 Mar 07 - PR 25 Feb 07- opening prices?
- EBI and NBD in surprise merger with AED 165 bn assets - R 06 Mar 2007
- AOIC 2006 FY results
- UFC 2006 FY results 31 Jan 2007
- NGI 2006 FY profit AED 0.237m -100% from 2005, BOD meeting 21 Jan 2007
- ADAVIATION 2006 FY results AED 51m profit -48% from 2005 - 22 Jan 2007
- UNB 2006 FY profit AED 1.0 bn -9% from 2005, 35% cash div - 01 Feb 2007
- CBI 2006 FY profit 8.6m down 96% on 2005 - BOD meeting 22 Jan 07
- GCEM 2006 FY profit AED 110m -78% from 2005 - 29 Jan 2007
- RAKCC 2006 FY AED126m +5% on 2005, 15% cash div - BOD meeting 27 Jan 07
- DGCX - oil futures contract problems - Reuters 07 Mar 2007
- DFM 2006 FY profit AED 798m -36% from 2005 - 26 Feb 2007
- DFM listed stocks trading volumes summary 2003-2006 - ET 07 Mar 2007
- ARMX investing AED 734 in global acquisitions - ET 07 Mar 2007
- ARMX launches perishables transport solution - PR 07 Mar 2007
- AMLAK Finance & Real Estate Investments launch in Egypt - PR 06 Mar 2007
- AMLAK 2006 FY profit AED 130m +23% on 2005, incomplete PR 30 Jan 2007
- SOROUH to allow foreign ownership - BOD meeting 05 Mar 2007
- ADSM completes training for Iraqi traders - KT 07 Mar 2007
- Al Qudra Holding gets ISO certification PR 05 Mar 2007
- AMAN 2006 FY loss AED 14m, 2005 was AED 73m profit - 30 Jan 2007
- Amanah Financial Services
More
UAE stock market news and discussions... |
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Dubai and Abu Dhabi stock market report 07 March 2007
best stock rises |
symbol |
price |
change |
DFM |
2.38 |
+1.35 |
+131.1% |
QTEL |
246.40 |
+21.20 |
+9.4% |
ASMAK |
4.38 |
+0.28 |
+6.8% |
TKFL |
2.90 |
+0.10 |
+3.6% |
AMAN |
13.85 |
+0.30 |
+2.2% |
|
worst stock falls |
symbol |
price |
change |
AKIC |
1.77 |
-0.14 |
-7.3% |
ADIB |
52.55 |
-3.65 |
-6.5% |
NBS |
2.24 |
-0.15 |
-6.3% |
AABAR |
2.33 |
-0.14 |
-5.7% |
TAQA |
2.01 |
-0.08 |
-3.8% |
|
top volume |
symbol |
value (AED) |
price |
DFM | 851,842,460 | 2.38 |
EMAAR | 77,453,965 | 12.75 |
IAIC | 71,096,522 | 2.97 |
ADIB | 29,453,108 | 52.55 |
SOROUH | 26,750,424 | 2.82 | |
Dubai Financial Market
A big day for DFM today with its own shares being listed and, unsurprisingly, showing a large paper gain on the par value of 1 dh per share. DFM stock traded between 2.22 and 2.60 dhs, finally closing at 2.35. Volume of trading substantial as expected. Over 350m shares changed hands with a huge value of 852m dhs - about 80% of DFM's total traded value of 1.1 billion dhs.
The DFM index overall barely moved, down by just 0.01% with an even split between stocks rising and stocks falling. Biggest rise of note was just 1% for Tamweel PJSC (TAMWEEL), biggest fall was 0.8% for GULFNAV (ignoring movements for DFM and low volume stocks). Emaar Properties PJSC (EMAAR) was up by 0.4% to 12.75 on a very low 77m dhs worth of trading.
NBD and EBI shares had trading suspended today at least, and possibly longer while ESCA and DFM sort out the news (they must have been pleased to find out from the press) about the surprise merger of National Bank of Dubai and Emirates Bank.
Abu Dhabi Securities Market
An unpleasant day over at ADSM while DFM was in the spotlight. The index fell 1.4% to 3036 on moderate volumes of 126m dhs of trading with only two shares rising on any significant volumes. Oasis International Leasing Company PJSC (OILC) was up 1.3% to 9.56 and Qatar Telecom (QTEL) rocked ahead by 9.4% to 246.40 but from just over 1 million dhs worth of trades.
The worst of the losers were Aabar Petroleum Investments Company PJSC (AABAR) down 5.7% to 2.33 on lowish volume and Abu Dhabi Islamic Bank (ADIB) down 6.5% to 52.55 on moderate volume - no doubt a bit of profit taking going on for both stocks after recent sharp gains. Abu Dhabi National Energy Company (TAQA) also got a bit of a kick, down 3.8% to 2.01. Aldar Properties PJSC (ALDAR) price remained unchanged on low volumes, the announcement that founders could sell their shares not appearing to affect the price.
- Annual General Meetings (AGMs) coming up for AEIBANK (10 Mar 2007), EMAAR
(11 Mar 2007), RAKCEC (11 Mar 2007).
- Dividend Record Dates coming up for RAKCC
(11 Mar 2007), ALDAR (12 Mar 2007), NGI (12 Mar 2007), RAPCO (12
Mar 2007).
- Discuss and read UAE company news at Dubai
Share Talk.