UAE markets 30 Apr 2007

UAE market news & discussions for 30 April 2007 As sure as eggs are eggs, we got the usual commentary from the eggheads about the Deyaar IPO sucking liquidity out of the market yesterday. The Times (UK) reported that DP World were considering a partial IPO worth AED 7 billion. DP World declined to comment. What will be said about liquidity if that goes ahead? Tabreed announced 2007 Q1 profit of AED 31m which implies an expensive looking forward PE of about 28. Other companies with first quarter results released today included Oasis Leasing, MashreqBank, Qatar Telecom, Gulf Navigation, Commerical Bank International, National Corporation for Tourism and Hotels, Gulf Finance House, and Global Investment House. Emirates Driving Company claims no knowledge of why there was a sharp increase in share price on high volumes yesterday. Dana AGM yesterday declared no dividend. Etisalat announced they bought another 20% of Atlantic Telecom. GCEM once again trumped the list of actively traded shares on another huge increase. Surely it's time for the market regulator to make more than a token effort at questioning this extraordinary behaviour?

• 30 April 2007 UAE stockmarket and business news
• NCTH 2007 Q1 results
• DP World listing
• ETISALAT increases shareholding of Atlantic Telecom to 70%
• ASMAK 2006 FY loss AED 17m -1853% from 2005
• DANA 2006 FY profit less than AED 821m (includes IPO income?) - 30 Jan 07
• 2007 Q1 results for DFM and ADSM companies
• AKIC 2007 Q1 earnings
• SHOP 2007 Q1 earnings - BOD meeting 06 May 2007
• TABREED 2007 Q1 profit AED 31m +25% from 2006 Q1
• DDC 2006 FY results
• JEEMA 2006 FY profit AED 4.25m +27% from 2005 - 31 Jan 2007
• IAIC 2006 FY profit AED 181m +63% on 2005 - 01 Feb 2007
• DRIVE denies knowledge of why share price surging - 30 Apr 2007
• GULFNAV 2007 Q1 earnings
• GLOBAL 2007 Q1 earnings
• GFH 2007 Q1 profit AED 264m up 27%
• MASQ 2007 Q1 earnings
• OILC 2007 Q1 profit AED 28m up 117% on 2006 Q1
• CBI 2007 Q1 earnings? BOD meeting 18 Apr 2007
• FTC 2007 Q1 earnings
• QTEL 2007 Q1 profit AED 522m up 28.5%
• 29 April 2007 UAE stockmarket and business news
• ADCB 2007 Q1 profit AED 470m down 25% from 2006 Q1
• Deyaar IPO AED 3.2 bn 06-16 May 2007

More UAE stock market news and discussions...

best stock rises symbol price change QCEM 2.34 +0.20 +9.3% RAKCEC 4.24 +0.35 +9% GCEM 7.10 +0.55 +8.4% OEIHC 19.85 +1.45 +7.9% QTEL 230.00 +15.00 +7%

worst stock falls symbol price change PALTEL 30.00 -3.00 -9.1% NCC 9.72 -0.45 -4.4% DRIVE 1.87 -0.09 -4.6% NCTH 3.97 -0.13 -3.2% GGICO 5.84 -0.18 -3%

top volume symbol value (AED) price DFM 142,329,759 2.55 GCEM 138,434,396 7.10 GULFNAV 133,351,406 1.12 TAMWEEL 112,561,442 3.48 EMAAR 65,943,595 10.75

Dubai Financial Market

DFM didn't look encouraging today with an initial slight fall, but just towards the end of trading, the index picked up with a 0.4% increase to 3821 by the end of the session. Total traded value was a moderate AED 622m. Emaar Properties PJSC (EMAAR) seems to be falling off the market radar with no change in price and only 66m dhs worth of trading.

Big move for DFM shares which rose 6.9% to 2.65 on solid volumes, Tamweel PJSC (TAMWEEL) not far behind with a 5% rise to 3.57. And in third place for increase on active trading was GULFNAV up 3.7% to 1.13. Amlak Finance Company (AMLAK), Union Properties PJSC (UPP), and National General Cooling Company PJSC (TABREED) rose 1-2%, other rises on active trading were less than 1%.

Only three falls of note - Aramex PJSC (ARMX) down 0.5%, Dubai Investments PJSC (DIC) down 0.7%, and Islamic Arab Insurance Company PSC (IAIC) down 1.1%.

Abu Dhabi Securities Market

ADSM rose slightly by 0.13% to close at 3053 points. Total value of 314m dhs comprised a staggering 140m dhs worth in Gulf Cement Company (GCEM), with yet another huge rise of 8.4% today to close at 7.10. Notably, 6 out of the top 10 rises today were building industry related (all increasing by more than 5%), including 4 cement companies but on light to insignificant trading volumes. Ras Al Khaimah Cement Company (RAKCC) was up only 1% but on moderately active trading volume.

Other notable rises for ADNH up 5.7% with 5.8m dhs of trading, AKIC up 4.5% from 9m dhs of trading, and Sudan Telecom Company Ltd (SUDATEL) up 2% from 9.8m dhs worth. Sorouh Real Estate (SOROUH), Abu Dhabi National Energy Company (TAQA), Union National Bank (UNB), and Aldar Properties PJSC (ALDAR) rose less than 1%.

DRIVE fell 4.6% after the big rise yesterday but volume was down to just 1m dhs worth. Finance House PJSC (FH) fell 2.4% on a busier than normal 2.3m dhs worth. Abu Dhabi Islamic Bank (ADIB) down 2.3% from 16m dhs worth. No other significant falls. Ras Al Khaimah Properties PJSC (RAKPROP), Emirates Telecommunications Company (ETISALAT), Abu Dhabi Commercial Bank (ADCB), ARKAN, Aabar Petroleum Investments Company PJSC (AABAR), Dana Gas PJSC (DANA) all fell less than 1%.

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.

Last Trading Days this week - Record Date is two days later (E&OE)

• DIC last trading day 01 May 2007 - if quorum at 04 Apr 2007 AGM
• JEEMA last trading day 30 Apr 2007? Or record date?
• TABREED last trading day - possibly 30 Apr 2007? Or 06 May 2007?

AGMs and EGMs (E&OE) this week

• AABAR AGM 01 May 2007 - deferred from 24 April 2007
• ASMAK AGM 29 Apr 2007 - postponed from 28 Mar 2007 and 22 Apr 2007
• DANA AGM 29 April 2007 - no dividends?
• IAIC AGM 29 Apr 2007 - no mention of dividends?

UAE markets 29 Apr 2007

UAE market news & discussions for 29 April 2007 A weak day on the markets with both ADSM and DFM falling slightly. Surprisingly, TAMWEEL and AMLAK didn't plummet after the news that neither of them are in the running for a bank licence. Gulf Cement shares continue to soar. Several companies released 2007 Q1 results today including National Bank of Dubai with a decent rise in profits, RAK Properties (yesterday), and Abu Dhabi National Company for Building Materials. The Deyaar Development IPO announced last week will be blamed for any slump in the market over the next couple of weeks.

• 29 April 2007 UAE stockmarket and business news
• NBF 2007 Q1 earnings - BOD meeting 28 Apr 2007
• Deyaar IPO AED 3.2 bn 06-16 May 2007
• IAIC 2006 FY profit AED 181m +63% on 2005 - 01 Feb 2007
• DU 2007 Q1 earnings
• GULFNAV 2007 Q1 earnings
• NBD 2007 Q1 earnings - released on 29 April 2007
• BOS 2007 Q1 earnings - BOD meeting 01 May 2007?
• TKFL 2007 Q1 earnings
• ADIB may buy stake in Egypt's NDB bank - 09 Apr 2007
• ARKAN 2007 Q1 earnings - error
• ADIB 2007 Q1 earnings - BOD meeting 26 Apr 2007?
• AGTHIA 2006 FY AED 29.1m up 1.5% from 2005 - 31 Jan 2007
• TABREED 2006 FY profit +104% to AED 104m - 04 Feb 2007
• 2007 Q1 results for DFM and ADSM companies
• GFH 2007 Q1 earnings - BOD meeting
• BAYAN 2007 Q1 earnings
• TAQA classification change from consumer to energy sector - 29 Apr 2007
• EIC 2007 Q1 earnings
• BILDCO 2007 Q1 earnings
• GLOBAL 2007 Q1 earnings
• RAKPROP 2007 Q1 earnings AED 104m up 26% from 2006 Q1
• ARIG - Libyan Foreign Bank transfers ARIG stake to Libyan Central Bank
• ARIG and BIA workshop on Enterprise Risk Management - PR 21 Apr 2007
• TAMWEEL AGM approves dividend, hopeful on bank licence - GN 01 Apr 07

More UAE stock market news and discussions...

best stock rises symbol price change GCEM 6.55 +0.57 +9.5% RAKCEC 3.89 +0.30 +8.4% DRIVE 1.96 +0.15 +8.3% AKIC 1.56 +0.11 +7.6% ARIG 2.69 +0.19 +7.6%

worst stock falls symbol price change ABNIC 7.92 -0.88 -10% FCI 3.97 -0.36 -8.3% ADSB 2.50 -0.21 -7.7% ADNH 4.57 -0.38 -7.7% CBI 2.12 -0.16 -7%

top volume symbol value (AED) price DFM 148,117,052 2.50 GCEM 95,620,662 6.55 EMAAR 89,431,773 10.75 GULFNAV 72,259,406 1.09 DIB 58,579,401 7.49

Dubai Financial Market

The DFM index looked healthy enough at the beginning of the day but late selling of Emaar shares dragged it down to finish at 3805 points, just 0.2% below Thursday's close. Moderate volume of 526m dhs worth of shares traded.

Emaar Properties PJSC (EMAAR) finished the day at 10.75, down 1.4% from previous close and only 90m dhs worth of shares traded. Emaar wasn't even in the top five on number of shares traded, and only at number three spot by value. The only other fall (on reasonable volumes) more than 1% was for Arabtec Holding PJSC (ARTC) - down 1.1% to 4.37.

GULFNAV had a solid 3.8% rise and 72m dhs worth of shares traded. National General Cooling Company PJSC (TABREED) was up a decent 3.25%, and Aramex PJSC (ARMX) saw a 2.1% rise.

Abu Dhabi Securities Market

The ADSM index fell 0.6% to 3049 points with 337m dhs of trading. Some solid increases though. Almost a third of the traded value was in Gulf Cement Company (GCEM) which went 10% limit up to 6.55 with nobody interested in selling to the long queue of buyers. DRIVE was another unusually actively traded stock, also hitting the 10% limit up level. The list goes on - AKIC with much higher than normal volume of 8m dhs traded at 10% limit up, along with Ras Al Khaimah Ceramics (RAKCEC) also 10% up on a rather less hectic 1.2m dhs worth but still no one interested in selling at the end of the session.

ARKAN worth a mention with a 2.5% rise and 36m dhs of traded value. Other high volume shares today were Emirates Telecommunications Company (ETISALAT) down 1.2%, Abu Dhabi National Energy Company (TAQA) down 0.5%, and Aldar Properties PJSC (ALDAR) up 0.6%.

The worst falls of note were 3.9% for National Bank of Abu Dhabi (NBAD), and 7.7% for ADNH from an unusually large 6.5m dhs of trades.

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.

Last Trading Days this week - Record Date is two days later (E&OE)

• DIC last trading day 01 May 2007 - if quorum at 04 Apr 2007 AGM
• JEEMA last trading day 30 Apr 2007? Or record date?
• TABREED last trading day - possibly 30 Apr 2007? Or 06 May 2007?

AGMs and EGMs (E&OE) this week

• AABAR AGM 01 May 2007 - deferred from 24 April 2007
• ASMAK AGM 29 Apr 2007 - postponed from 28 Mar 2007 and 22 Apr 2007
• DANA AGM 29 April 2007 - no dividends?
• IAIC AGM 29 Apr 2007 - no mention of dividends?

UAE markets 26 Apr 2007

UAE market news & discussions for 26 April 2007 After a reasonable trading session in the morning both DFM and ADSM finished lower to end the week. DFM and GULFNAV dominated trading on the DFM TAQA dominated trading on the ADSM.

• UAE stockmarket news and updates 26 April 2007
• 2007 Q1 results for DFM and ADSM companies
• EK Emirates Group 2006 FY profit AED 3.5 bn up 24%
• NIND 2006 FY AED 1.7 bn -28.8% from 2005 - BOD meeting 10 Feb 2007 at 12:30.
• TABREED 2006 FY profit +104% to AED 104m - 04 Feb 2007
• BAYAN 2006 FY results late - released 13 Mar 2007
• UPP 2006 FY profit AED 614m +5% from 2005
• ARMX 2005 FY profit AED 95m +28% on 2005 - conflicting revenues
• FCI 2007 Q1 earnings
• DANA Gas partners with KIOEC for exploration in Egypt - PR 25 Apr 2007
• UAB 2007 Q1 profit AED 46m - 12 April 2007
• Can a cut in cost of buying and selling shares improve market volume and prices?
• Tomorrow's predictions & Intraday Stocks movement
• UAE stockmarket news and updates 25 April 2007
• QTEL and ATCO to buy majority of Pakistan's Burraq Telecom
• NBF 2007 Q1 earnings - BOD meeting 28 Apr 2007
• Thuraya IPO
• DRIVE 2006 FY results announced 29 Jan 2007 BOD 01 Feb 2007
• AABAR 2006 FY profit AED 93m -85% from 2005 - BOD meeting 30 Jan 2007
• CBD EGM 30% share bonus and 50% rights issue 29 Oct 2005
• DIB 2007 Q1 profit AED 424m up 28% from 2006 Q1
• BAYAN 2007 Q1 earnings
• DFM 2007 Q1 earnings AED 563m (AED 95m excluding IPO income)
• NGI 2007 Q1 earnings
• Trading chatroom for UAE stocks available now (beta phase)

More UAE stock market news and discussions...

best stock rises symbol price change DRIVE 1.81 +0.16 +9.7% FH 8.68 +0.43 +5.2% CBI 2.28 +0.11 +5.1% ASMAK 4.96 +0.22 +4.6% TKFL 4.48 +0.18 +4.2% Top Losers +0 +%

worst stock falls symbol price change UPP 2.50 -0.13 -4.9% ARIG 2.71 -0.14 -4.9% DFM 2.57 -0.11 -4.1% GCEM 5.98 -0.22 -3.5% UCC 4.40 -0.14 -3.1% Top by Volume 0%

top volume symbol value (AED) price DFM 289,565,815 2.57 DIB 128,111,005 7.38 EMAAR 46,243,628 10.90 TAQA 42,610,747 1.96 TAMWEEL 42,305,842 3.39

Dubai Financial Market

On a quiet days trading the DFM index ended at 3812 a fall of .27%. Only 231 million shares changed hands with a value of 684 million dirhams. DFM and GULFNAV dominated trading again representing 63% of all trades on the DFM.

Top gainers on reasonable volume included National General Cooling Company PJSC (TABREED) 2.15 (3.3%), Dubai Islamic Bank (DIB) 7.39 (.96%) and Dubai Investments PJSC (DIC) 4.49 (.90%).

Top decliners on reasonable volume included Union Properties PJSC (UPP) 2.45 (5%), DFM 2.48 (4.25%) and Tamweel PJSC (TAMWEEL) 3.35 (1.18%).

Abu Dhabi Securities Market

The ADSM index ended the day trading at 3066 a fall of .46%. A modest 58 million shares changed hands with a value of 170 million dirhams.

Top gainers on reasonable volume included Abu Dhabi National Energy Company (TAQA) 1.96 (.51%), ARKAN 1.22 (.83%) and Ras Al Khaimah Cement Company (RAKCC) 1.94 (1.57%).

Top decliners on reasonable volume included Dana Gas PJSC (DANA) 1.36 (1.45%), Gulf Cement Company (GCEM) 5.98 (3.87%) and ADAVIATION 2.02 (2.42%).

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.

Last Trading Days this week - Record Date is two days later (E&OE)

• ADIB last trading day - Sun 22 or Tue 24 Apr 2007 (not clear)
• ARMX last trading date 23 April 2007 - AGM results state "Merit Date" is 23 April 2007
• FOODCO last trading day 18 or 22 Apr 2007 possibly, depending on AGM.
• UFC last trading day 18 or 22 Apr 2007?
• UPP last trading date 23 April 2007 (clarification in Arabic issued 18 Apr 2007)

AGMs and EGMs (E&OE) this week

• AABAR AGM 24 Apr 2007 - deferred to 01 May 2007
• AGTHIA AGM - 26 April 2007 at 5pm - no dividend discussion on agenda.
• ARKAN AGM 23 Apr 2007 - 7% cash dividend proposed
• ASMAK AGM 22 Apr 2007 - postponed to 29 Apr 2007
• BAYAN AGM 24 Apr 2007 - no dividend proposed, 10% cash dividend approved
• DIC AGM 23 Apr 2007 - cash dividend 15%, share dividend 10%, record date 03 May 2007
• DRIVE AGM 24 April 2007 - dividend information unknown. AGM deferred from 17 Apr 2007.
• JEEMA General Assembly Meeting 22 Apr 2007 - 10% cash dividend proposed (or share dividend?)
• OILC AGM - 23 Apr 2007, BOD proposes no dividend but a 10:1 stock split.
• TABREED AGM 25 Apr 2007 - postponed from 20 Mar, 27 Mar, 19 Apr 2007
• TAQA Annual General Meeting 22 Apr 2007 - 5% cash dividend approved

UAE markets 25 Apr 2007

UAE market news & discussions for 25 April 2007 Both DFM and ADSM started lower and finished lower today. Volume and value of trading was lower than average on both markets.

• UAE stockmarket news and updates 25 April 2007
• CBD EGM 30% share bonus and 50% rights issue 29 Oct 2005
• QTEL and ATCO to buy majority of Pakistan's Burraq Telecom
• NBF 2007 Q1 earnings - BOD meeting 28 Apr 2007
• Thuraya IPO
• DRIVE 2006 FY results announced 29 Jan 2007 BOD 01 Feb 2007
• AABAR 2006 FY profit AED 93m -85% from 2005 - BOD meeting 30 Jan 2007
• BAYAN 2006 FY results late - released 13 Mar 2007
• 2007 Q1 results for DFM and ADSM companies
• DIB 2007 Q1 profit AED 424m up 28% from 2006 Q1
• BAYAN 2007 Q1 earnings
• DFM 2007 Q1 earnings AED 563m (AED 95m excluding IPO income)
• NGI 2007 Q1 earnings
• Trading chatroom for UAE stocks available now (beta phase)
• UIC 2007 Q1 earnings - BOD meeting 22 Apr 2007?
• DRIVE 2007 Q1 earnings
• UCC 2007 Q1 earnings
• Tomorrow's predictions & Intraday Stocks movement
• ARMX 2005 FY profit AED 95m +28% on 2005 - conflicting revenues
• Dubai Share Talk censorship
• UAE share related news and discussions 24 April 2007
• EIB 24 April 2007 EGM for AED 3.7 bn sukuk - DFM 29 Mar 2007
• DIC 2007 Q1 profit
• NRE 2006 FY results (not checked) announced 08 Feb 2007
• AMLAK 2007 Q1 earnings AED 24m

More UAE stock market news and discussions...

best stock rises symbol price change PALTEL 33.00 +3.00 +10% FCI 4.33 +0.39 +9.9% ADNH 5.00 +0.39 +8.5% UCC 4.54 +0.34 +8.1% GCEM 6.20 +0.36 +6.2%

worst stock falls symbol price change DFM 2.75 -0.24 -8% AMLAK 2.78 -0.14 -4.8% DRIVE 1.65 -0.08 -4.6% BOS 2.17 -0.10 -4.4% TKFL 4.30 -0.19 -4.2%

top volume symbol value (AED) price DFM 334,999,444 2.75 EMAAR 163,104,373 10.95 TAMWEEL 153,080,785 3.44 DIB 80,941,138 7.30 GCEM 62,636,506 6.20

Dubai Financial Market

the DFM index finished the day at 3822 a fall of .92%. 312 million shares changed hands with a value of 1 billion dirhams. DFM and GULFNAV dominated trading representing 54% of all trading.

The top gainer on reasonable value was Tamweel PJSC (TAMWEEL) 3.39 (.30%).

Top decliners on reasonable volume included DFM 2.59 (8.4%), Amlak Finance Company (AMLAK) 2.75 (4.8%), National General Cooling Company PJSC (TABREED) 2.08 (4.15%), Emaar Properties PJSC (EMAAR) 10.90 (1.36%).

Abu Dhabi Securities Market

The ADSM index finished the day at 3080 a fall of .43%. 77 million shares changed hands with a value of 239 million dirhams.

Top gainers on reasonable volume included Gulf Cement Company (GCEM) 6.20 (6.1%), Abu Dhabi Ship Building (ADSB) 2.65 (5.5%).
Special mention for PALTEL rising 10% on a 50 share trade.

Top decliners on reasonable volume included Aldar Properties PJSC (ALDAR) 5.00 (3.66%), Abu Dhabi National Energy Company (TAQA) 1.95 (1.52%) and ARKAN 1.21 (.82%).

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.

Last Trading Days this week - Record Date is two days later (E&OE)

• ADIB last trading day - Sun 22 or Tue 24 Apr 2007 (not clear)
• ARMX last trading date 23 April 2007 - AGM results state "Merit Date" is 23 April 2007
• FOODCO last trading day 18 or 22 Apr 2007 possibly, depending on AGM.
• UFC last trading day 18 or 22 Apr 2007?
• UPP last trading date 23 April 2007 (clarification in Arabic issued 18 Apr 2007)

AGMs and EGMs (E&OE) this week

• AABAR AGM 24 Apr 2007
• AGTHIA AGM - 26 April 2007 at 5pm - no dividend discussion on agenda.
• ARKAN AGM 23 Apr 2007 - 7% cash dividend proposed
• ASMAK AGM 22 Apr 2007 - postponed to 29 Apr 2007
• DIC AGM 23 Apr 2007 - cash dividend 15%, share dividend 10%, record date 03 May 2007
• DRIVE AGM 24 April 2007 - dividend information unknown. AGM deferred from 17 Apr 2007.
• JEEMA General Assembly Meeting 22 Apr 2007 - 10% cash dividend proposed (or share dividend?)
• OILC AGM - 23 Apr 2007, BOD proposes no dividend but a 10:1 stock split.
• TABREED AGM 25 Apr 2007 - postponed from 20 Mar, 27 Mar, 19 Apr 2007
• TAQA Annual General Meeting 22 Apr 2007 - 5% cash dividend approved

UAE markets 24 Apr 2007

UAE market news & discussions for 24 April 2007 Another down day for the DFM index after a good middle session the market fell away towards the close. ADSM manages a small gain on a subdued days trading.

• good signs for dfm
• Dubai Share Talk censorship
• EMAAR dividends for 2006 FY - too low or too high?
• ARTC expansion plans in Middle East and Asia
• AMLAK bank licence application fails, plans AED 1.1 bn sukuks 29 Mar 2007
• GLOBAL bond issue press release 24 Apr 2007
• 2007 Q1 results for DFM and ADSM companies
• BAYAN 2007 Q1 earnings
• BAYAN 2006 FY results late - released 13 Mar 2007
• EIB 24 April 2007 Extraordinary General Meeting - DFM 29 Mar 2007
• AGTHIA 2007 Q1 earnings
• UAE share related news and discussions 24 April 2007
• ARKAN 2006 FY profit 176m +33% from 132m in 2005 30 Jan 2007
• OILC 2006 FY AED 96m profit +240% from 2005, BOD meeting 30 Jan 2007
• ARMX 2005 FY profit AED 95m +28% on 2005 - conflicting revenues
• UPP 2006 FY profit AED 614m +5% from 2005
• JEEMA 2006 FY profit AED 4.25m +27% from 2005 - 31 Jan 2007
• DIC 2006 FY profit AED 990m up 45% from 2005 - 28 Jan 2007
• UAE share related news and discussions 23 April 2007
• ACICO 2007 Q1 earnings
• DFM stock market game 2007
• GGICO management structure changes 23 April 2007
• UFC 2006 FY results 31 Jan 2007
• Stock Picks by Technical Analysis April 2007
• DIC 2007 Q1 profit

More UAE stock market news and discussions...

best stock rises symbol price change UAB 6.70 +0.44 +7% QCEM 2.14 +0.14 +7% GCEM 5.84 +0.28 +5% TKFL 4.49 +0.19 +4.4% WARE 24.60 +0.60 +2.5%

worst stock falls symbol price change FCI 3.94 -0.43 -9.8% NMDC 4.10 -0.21 -4.9% RAKCEC 3.41 -0.14 -3.9% UPP 2.62 -0.09 -3.3% DFM 2.93 -0.08 -2.7%

top volume symbol value (AED) price DFM 506,506,278 2.93 TAMWEEL 176,919,237 3.46 EMAAR 163,602,721 11.10 DIB 101,955,276 7.28 DIC 78,703,999 4.52

Dubai Financial Market

The DFM index ended the day at 3858 a slight fall of .36%. 372 million shares changed hands with a value of 1.2 billion dirhams. DFM shares (172m)again dominated trading representing 46% of all shares traded. GULFNAV slipped to third highest volume for the day.

The top gainers on reasonable volume included Dubai Islamic Bank (DIB) 7.30 (1.8%) and Tamweel PJSC (TAMWEEL) 3.38 (1.2%).

The top decliners on reasonable volume included Union Properties PJSC (UPP) 2.61 (3.3%), DFM 2.83 (2.75%) and Emirates Integrated Telecommunications Company (DU) 4.93 (1.4%).

Abu Dhabi Securities Market

The ADSM index had a quiet days trading ending at 3094 a gain of .11%. 66 million shares changed hands with a value of 243 million dirhams.

The top gainers on reasonable volume included Gulf Cement Company (GCEM) 5.93 (6.6%) and Sorouh Real Estate (SOROUH) 2.94 (1.73%).

The top decliners on reasonable volume included Ras Al Khaimah Ceramics (RAKCEC) 3.41 (3.9%) and Finance House PJSC (FH) 8.28 (3.5%).

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.

Last Trading Days this week - Record Date is two days later (E&OE)

• ADIB last trading day - Sun 22 or Tue 24 Apr 2007 (not clear)
• ARMX last trading date 23 April 2007 - AGM results state "Merit Date" is 23 April 2007
• FOODCO last trading day 18 or 22 Apr 2007 possibly, depending on AGM.
• UFC last trading day 18 or 22 Apr 2007?
• UPP last trading date 23 April 2007 (clarification in Arabic issued 18 Apr 2007)

AGMs and EGMs (E&OE) this week

• AABAR AGM 24 Apr 2007
• AGTHIA AGM - 26 April 2007 at 5pm - no dividend discussion on agenda.
• ARKAN AGM 23 Apr 2007 - 7% cash dividend proposed
• ASMAK AGM 22 Apr 2007 - postponed to 29 Apr 2007
• DIC AGM 23 Apr 2007 - cash dividend 15%, share dividend 10%, record date 03 May 2007
• DRIVE AGM 24 April 2007 - dividend information unknown. AGM deferred from 17 Apr 2007.
• JEEMA General Assembly Meeting 22 Apr 2007 - 10% cash dividend proposed (or share dividend?)
• OILC AGM - 23 Apr 2007, BOD proposes no dividend but a 10:1 stock split.
• TABREED AGM 25 Apr 2007 - postponed from 20 Mar, 27 Mar, 19 Apr 2007
• TAQA Annual General Meeting 22 Apr 2007 - 5% cash dividend approved

UAE markets 23 Apr 2007

UAE market news & discussions for 23 April 2007 Despite a confident start DFM breaks the winning streak and ends slightly down on the day. ADSM continues to trade in a narrow range.

• good signs for dfm
• Played with Tamweel > Gulfnav > Dfm > Tabreed > Which is Next!!
• reg;artc fair value
• ARTC expansion plans in Middle East and Asia
• Stock Picks by Technical Analysis April 2007
• TABREED 2006 FY profit +104% to AED 104m - 04 Feb 2007
• Emaar Dividents Payments?
• TNI - founder shares AMLAK, AABAR, ARMX, ALDAR, ARTC, FH - PR 27 Feb 07
• 2007 Q1 results for DFM and ADSM companies
• DIC 2006 FY profit AED 990m up 45% from 2005 - 28 Jan 2007
• UAE share related news 22 April 2007
• Deyaar IPO AED 3.2 bn 06-16 May 2007
• ADNIC 2006 FY AED 300m profit -9.9% from 2005 - 31 Jan 2007
• ADIB 2007 Q1 earnings - BOD meeting 26 Apr 2007?
• RAKWCT 2007 Q1 earnings
• UIC 2007 Q1 earnings - BOD meeting 22 Apr 2007?
• OEIHC 2007 Q1 earnings announcement 15 May 2007
• SCIDC 2007 Q1 earnings
• TAQA classification change from consumer to energy sector - 29 Apr 2007
• SUDATEL 2006 FY profit AED 2.68 bn +166% from 2005 - 01 Feb 2007
• ADAVIATION 2007 Q1 earnings
• NBD 2007 Q1 earnings - released on 29 April 2007

More UAE stock market news and discussions...

best stock rises symbol price change GCEM 5.56 +0.50 +9.9% UCC 4.28 +0.32 +8.1% TKFL 4.30 +0.29 +7.2% SHUAA 4.66 +0.29 +6.6% ADAVIATION 2.08 +0.12 +6.1%

worst stock falls symbol price change EIC 10.35 -1.15 -10% DFM 3.10 -0.20 -6.1% AMAN 15.25 -0.90 -5.6% OEIHC 18.05 -0.95 -5% QTEL 230.00 -11.30 -4.7%

top volume symbol value (AED) price DFM 887,387,904 3.10 DIC 280,879,261 4.60 EMAAR 145,666,525 11.25 TABREED 119,917,185 2.26 GULFNAV 119,796,366 1.11

Dubai Financial Market

The DFM index ended at 3872 a fall of .82% from the previous day. 642 million shares changed hands with a value of 2 billion dirhams. As with the previous days DFM and GULFNAV shares dominated trading representing 61% of all shares traded. This is down slightly from 70% on the previous few days. Top gainers on reasonable volume included Shuaa Capital PJSC (SHUAA) 4.70 (6.5%) and Emirates Bank International Group (EBI) 8.65 (2.59%). Top decliners on reasonable volume included DFM 2.93 (6.4%), AMAN 14.95 (5.7%), GULFNAV 1.09 (4.4%) and Aramex PJSC (ARMX) 2.12 (3.2%).

Abu Dhabi Securities Market

The ADSM index ended the trading day at 3091 a gain of .66% from the previous day. 88 million shares changed hands with a value of 335 million dirhams. The top gainers on reasonable volume included Gulf Cement Company (GCEM) 5.56 (9.8%), Aldar Properties PJSC (ALDAR) 5.14 (3%), Sorouh Real Estate (SOROUH) 2.89 (2.48%) and Abu Dhabi National Energy Company (TAQA) 2.00 (.5%). The top decliner on reasonable volume was ARKAN 1.22 (1.61%).

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.

Last Trading Days this week - Record Date is two days later (E&OE)

• ADIB last trading day - Sun 22 or Tue 24 Apr 2007 (not clear)
• ARMX last trading date 19 or 23 April 2007 - AGM results state "Merit Date" is 23 April 2007
• FOODCO last trading day 18 or 22 Apr 2007 possibly, depending on AGM.
• UFC last trading day 18 or 22 Apr 2007?
• UPP last trading date 23 April 2007 (clarification in Arabic issued 18 Apr 2007)

AGMs and EGMs (E&OE) this week

• AABAR AGM 24 Apr 2007
• AGTHIA AGM - 26 April 2007 at 5pm - no dividend discussion on agenda.
• ARKAN AGM 23 Apr 2007 - 7% cash dividend proposed
• ASMAK AGM 22 Apr 2007 - postponed from 28 Mar 2007
• DIC AGM 23 Apr 2007 - cash dividend 15%, share dividend 10%, record date 03 May 2007
• DRIVE AGM 24 April 2007 - dividend information unknown. AGM deferred from 17 Apr 2007.
• JEEMA General Assembly Meeting 22 Apr 2007 - 10% cash dividend proposed (or share dividend?)
• TAQA Annual General Meeting 22 Apr 2007 - 5% cash dividend proposed

UAE markets 22 Apr 2007

UAE market news & discussions for 22 April 2007 Whats this another up day on the DFM? healthy volume and a one percent increase in the index could point to better times ahead. ADSM quieter but the index remains above 3000 points.

• NBD 2007 Q1 earnings - released on 29 April 2007
• ARMX 2007 Q1 earnings
• SALAM 2007 Q1 earnings announced 22 April 2007
• ARTC expansion plans in Middle East and Asia
• Ambiguity in ESCA's brokerage structure or what ?
• TABREED 2006 FY profit +104% to AED 104m - 04 Feb 2007
• UPP 2006 FY profit AED 614m +5% from 2005
• RAKPROP 2006 FY profit AED 405m +243% from 2005 - 22 Jan 2007
• ARMX 2005 FY profit AED 95m +28% on 2005 - conflicting revenues
• Played with Tamweel > Gulfnav > Dfm > Tabreed > Which is Next!!
• UAE share related news 21 April 2007
• how punters use to trap in equity market
• DANA Gas signs gas development agreement with Kurds in Iraq 15 Apr 07
• UAE stocks news 20 April 2007
• Gulf Navigation shares trading
• UAE stock related news 19 April 2007
• Stock Picks by Technical Analysis April 2007
• Air Arabia IPO sucks liquidity from the market. Really? 16 Apr 07
• good signs for dfm
• DFM share - any ground for this rally?
• EMAAR MGH in India completes RSH acquisition in Singapore 18 Apr 07
• ACICO sells one of its own properties
• ARTC 2006 FY profit AED 217m up 30% from 2005 - GN 22 Jan 2007
• DRC 2006 FY results 01 Feb 2007 - not reviewed yet
• CBD 2007 Q1 financial statements

More UAE stock market news and discussions...

best stock rises symbol price change FCI 4.37 +0.37 +9.3% OEIHC 19.00 +1.50 +8.6% TABREED 2.17 +0.17 +8.5% ARIG 2.86 +0.20 +7.5% RAKCEC 3.57 +0.18 +5.3%

worst stock falls symbol price change ADNH 4.61 -0.46 -9.1% ADAVIATION 1.96 -0.14 -6.7% JULPHAR 1.76 -0.12 -6.4% UNION 2.00 -0.13 -6.1% INVESTB 2.02 -0.08 -3.8%

top volume symbol value (AED) price DFM 1,251,742,629 3.14 DIC 187,909,637 4.55 DIB 174,002,545 7.27 GULFNAV 109,501,597 1.15 EMAAR 88,351,501 11.25

Dubai Financial Market

The Dubai Financial Market Index increased today by 1% to 3904. Volume was strong with 691 million shares changing hands worth 2.1 billion dirhams. Trading was again dominated by DFM and GULFNAV with those two stocks representing 71% of all trades. The more DFM stock trades the more profit the Dubai FM makes. Good business if you can get it.

Top gainers on reasonable volume included National General Cooling Company PJSC (TABREED) 2.17 (8.42%), DFM 3.14 (3.32%), Dubai Islamic Bank (DIB) 7.27(2.25%) and Dubai Investments PJSC (DIC) 4.55 (2.24%).

Top decliners on reasonable volume included GULFNAV 1.15 (.88%) and Emirates Bank International Group (EBI) 8.52 (.70%)

Abu Dhabi Securities Market

The ADSM index finished the day at 3090 a slight decrease of .04%. 93 million shares chaged hands worth 268 million dirhams.

Top gainers on reasonable volume included AGTHIA 1.22 (3.39%), ARKAN 1.24 (1.64%), Gulf Cement Company (GCEM) 5.06 (3.62%) and Aldar Properties PJSC (ALDAR) 4.98 (1%).

Top decliners on small volumes included ADNH 4.61 (9%), ADAVIATION 1.96 (6.67%) and Invest Bank (INVESTB) 2.02 (3.81%).

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.

Last Trading Days this week - Record Date is two days later (E&OE)

• ADIB last trading day - Sun 22 or Tue 24 Apr 2007 (not clear)
• ARMX last trading date 19 or 23 April 2007 - AGM results state "Merit Date" is 23 April 2007
• FOODCO last trading day 18 or 22 Apr 2007 possibly, depending on AGM.
• UFC last trading day 18 or 22 Apr 2007?
• UPP last trading date 23 April 2007 (clarification in Arabic issued 18 Apr 2007)

AGMs and EGMs (E&OE) this week

• AABAR AGM 24 Apr 2007
• AGTHIA AGM - 26 April 2007 at 5pm - no dividend discussion on agenda.
• ARKAN AGM 23 Apr 2007 - 7% cash dividend proposed
• ASMAK AGM 22 Apr 2007 - postponed from 28 Mar 2007
• DIC AGM 23 Apr 2007 - cash dividend 15%, share dividend 10%, record date 03 May 2007
• DRIVE AGM 24 April 2007 - dividend information unknown. AGM deferred from 17 Apr 2007.
• JEEMA General Assembly Meeting 22 Apr 2007 - 10% cash dividend proposed (or share dividend?)
• TAQA Annual General Meeting 22 Apr 2007 - 5% cash dividend proposed

UAE markets 21 Apr 2007

UAE market news & discussions for Fri 21 April 2007

Markets closed today but added list of upcoming AGMs and last trading days for this week.

• Gulf Navigation shares trading
• 2007 Q1 results for DFM and ADSM companies
• Stock Picks by Technical Analysis April 2007
• Air Arabia IPO sucks liquidity from the market. Really? 16 Apr 07
• good signs for dfm
• DFM share - any ground for this rally?

More UAE stock market news and discussions...

Last Trading Days this week - Record Date is two days later (E&OE)

• ADIB last trading day - Sun 22 or Tue 24 Apr 2007 (not clear)
• ARMX last trading date 19 or 23 April 2007 - AGM results state "Merit Date" is 23 April 2007
• FOODCO last trading day 18 or 22 Apr 2007 possibly, depending on AGM.
• UFC last trading day 18 or 22 Apr 2007?
• UPP last trading date 23 April 2007 (clarification in Arabic issued 18 Apr 2007)

AGMs and EGMs (E&OE) this week

• AABAR AGM 24 Apr 2007
• AGTHIA AGM - 26 April 2007 at 5pm - no dividend discussion on agenda.
• ARKAN AGM 23 Apr 2007 - 7% cash dividend proposed
• ASMAK AGM 22 Apr 2007 - postponed from 28 Mar 2007
• DIC AGM 23 Apr 2007 - cash dividend 15%, share dividend 10%, record date 03 May 2007
• DRIVE AGM 24 April 2007 - dividend information unknown. AGM deferred from 17 Apr 2007.
• JEEMA General Assembly Meeting 22 Apr 2007 - 10% cash dividend proposed (or share dividend?)
• TAQA Annual General Meeting 22 Apr 2007 - 5% cash dividend proposed

UAE markets 19 Apr 2007

UAE market news & discussions for 19 April 2007 Another big day of trading in DFM and Gulf Navigation shares today on the Dubai Financial Market. Despite this the DFM index ended the trading day steady and the ADSM was up slightly.

• good signs for dfm
• DFM share - any ground for this rally?
• EMAAR MGH in India completes RSH acquisition in Singapore 18 Apr 07
• ACICO sells one of its own properties
• TABREED 2006 FY profit +104% to AED 104m - 04 Feb 2007
• ARTC 2006 FY profit AED 217m up 30% from 2005 - GN 22 Jan 2007
• DRC 2006 FY results 01 Feb 2007 - not reviewed yet
• CBD 2007 Q1 financial statements
• 2007 Q1 results for DFM and ADSM companies
• UAB 2007 Q1 profit AED 46m - 12 April 2007
• CBI 2007 Q1 earnings? BOD meeting 18 Apr 2007
• JULPHAR 2007 Q1 earnings AED 31m up 114% from 2006 Q1
• Air Arabia IPO sucks liquidity from the market. Really? 16 Apr 07
• EMAAR-Misr two new projects worth AED 6.3 billion in Egypt - 18 Apr 2007
• UPP 2006 FY profit AED 614m +5% from 2005
• ARIG 2007 Q1 earnings - BOD meeting 17 May 2007
• Gulf Navigation shares trading
• ADIB 2006 FY profit AED 572m +66% from 2005 - 24 Jan 2007
• INVESTB 2007 Q1 profits AED 72 m down from AED 83m 2006 Q1
• GCEM big share price rise on heavy trading 16 Apr 2007
• Stock Picks by Technical Analysis April 2007
• Dubai Bank 2007 Q1 profit AED 33m up 144% from 2006 Q1
• Dubai Bank's new Islamic Credit Card - PR 17 Apr 2007
• DGCX total contracts for March 2007 hits new record - PR 18 April 2007
• DIFC Courts inaugurated - PR 17 April 2007

More UAE stock market news and discussions...

best stock rises symbol price change QTEL 238.70 +14.70 +6.6% FH 8.03 +0.30 +3.9% SUDATEL 9.80 +0.36 +3.8% DFM 2.97 +0.11 +3.8% ETISALAT 16.90 +0.55 +3.4%

worst stock falls symbol price change UAB 6.26 -0.69 -9.9% RAKCEC 3.39 -0.34 -9.1% EIC 11.50 -0.95 -7.6% OEIHC 17.50 -1.10 -5.9% ASCANA 4.23 -0.22 -4.9%

top volume symbol value (AED) price DFM 1,227,007,063 2.97 GULFNAV 412,087,542 1.17 DIB 261,320,089 7.24 DIC 121,458,244 4.48 EMAAR 103,821,883 11.25

Dubai Financial Market

The Dubai financial Market index ended the day steady at 3864. A substantial 930 million shares changed hands with a value of 2.4 billion dirhams. As with yesterday DFM and GULFNAV made up 80% of the trading volume on the exchange.

Top gainers on reasonable volume included DFM 3.01 (3.7%), Aramex PJSC (ARMX) 2.12 (2.87%), Union Properties PJSC (UPP) 3.40 (1.49%) and Emirates Integrated Telecommunications Company (DU) 5.09 (1.41%).

Top decliners on reasonable volume included ASCANA 4.23 (4.94%), Arabtec Holding PJSC (ARTC) 4.66 (2.1%) and Dubai Islamic Bank (DIB) 7.24 (1.8%).

With all the focus on DFM and GULFNAV some of the highly traded stocks in the past Emaar Properties PJSC (EMAAR), Amlak Finance Company (AMLAK) have gone relatively quiet.

Abu Dhabi Securities Market

The ADSM had another up day with the index ending at 3091 an increase of .62%. 62 million shares changed hands wiht a value of 269 million dirhams.

Top gainers on reasonable volume included Emirates Telecommunications Company (ETISALAT) 16.90 (3.36%), Sudan Telecom Company Ltd (SUDATEL) 9.80 (3.8%) and Finance House PJSC (FH) 8.03 (3.88%).

Top decliners on light volume included UAB 6.26 (9.93%), Ras Al Khaimah Ceramics (RAKCEC) 3.39 (9%) and Sharjah Cement & Industrial Development Company (SCIDC) 3.37 (3.44%)

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.

Last Trading Days this week - Record Date is two days later (E&OE)

• AKIC last trading day Mon 16 Apr 2007 or Wed 18 Apr 2007
• ARTC last trading day - Mon 16 Apr 2007
• DIN last trading day - Mon 16 April 2007
• DRC last trading day Thu 12 Apr 2007 (company proposal in English) - likely to change as a result of no quorum at EGM.
• FOODCO last trading day 18 or 22 Apr 2007 possibly, depending on AGM.
• UFC last trading day 18 or 22 Apr 2007?
• UNIKAI last trading day 11, 12, 15 or 16 Apr 2007?
• UNION last trading day 11 or 15 Apr 2007?

AGMs and EGMs (E&OE) this week

• ADIB AGM 16 April 2007
• ARMX AGM 16 April 2007 - deferred from 03 Apr 2007
• DRIVE AGM 17 April 2007
• FOODCO AGM 15 Apr 2007 - 10% cash dividend, 16.29% bonus shares approved
• NMDC AGM 15 April 2007 - 15% cash dividend proposed, 20% approved.
• TABREED AGM Thu 19 Apr 2007 - postponed twice from 20 Mar 2007
• UPP AGM 16 April 2007