UAE market news & discussions for 09 April 2007A mixed day with ADSM up and DFM down but lower volumes than yesterday. ADIB BOD meets tomorrow to discuss buying Egypt's National Development Bank. ALDAR and NCTH team up to develop a couple of islands in Abu Dhabi. And UPP were not so popular today with the residents of the Green Community over the maintenance fees. Shares ex-dividend today NBF. Last trading day for dividend entitlement tomorrow for ADSB. AGM today (5 pm) for ARTC. Do not act on this information before confirming it first with the market. |
|
- April 2007 top picks based on Fundamental Analysis
- UPP, Green Community and Corporate Governance - GN 25 Mar 2007
- GLOBAL 2006 FY profit AED 907m +16% on 2005 - 01 Feb 2007
- ARTC 2006 FY profit AED 217m up 30% from 2005 - GN 22 Jan 2007
- SUDATEL 2006 FY profit AED 2.68 bn +166% from 2005 - 01 Feb 2007
- DIB not bidding for Egypt's National Development Bank - GN 08 Apr 2007
- ADIB may buy stake in Egypt's NDB bank - 09 Apr 2007
- SOROUH introduces projects at Iraqi Business Council meeting PR 08 Apr 07
- Office space shortage in Dubai - BB 06 Apr 2007
- ALDAR & NCTH JV to develop Coconut Island resort in ABD - PR 09 Apr 07
- Stock Picks by Technical Analysis April 2007
- SOROUH Sky Tower in Shams - 97% mortgage with AMLAK PR 09 Apr 07
- TAMWEEL - foreign ownership limit increase from 15% to 40%
- DFM shares to be added to DFMGI Investment Sector - 09 Apr 2007
- ADAVIATION 2006 FY results AED 51m profit -48% from 2005 - 22 Jan 2007
- UPP 2006 FY profit AED 614m +5% from 2005
- EIB 2006 FY profit AED 117m +129% in 2005, BOD meeting on 23 Jan 2007
- EFG-Hermes says increased institutional investment in UAE - AB 08 Apr 07
More UAE stock market news and discussions...
|
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dubai Financial Market
The DFMGI index fell by 0.2% to 3813 despite over half the traded volume of 587m dhs comoing from two stocks on the up - Tamweel PJSC (TAMWEEL) rising by 0.5% and 140m dhs worth, and Dubai Islamic Bank (DIB) up 1% from 182m dhs worth. Both stocks eclipsing Emaar Properties PJSC (EMAAR) by value, with a 0.9% fall and just 87m dhs worth of trading.
Except for DFM which was flat today, all the other actively traded stocks fell with the worst ones Amlak Finance Company (AMLAK) and Aramex PJSC (ARMX) down by 2% each, and Islamic Arab Insurance Company PSC (IAIC) down by 2.2%.
Abu Dhabi Securities Market
The ADSM index looked better than DFM with a 0.3% increase to 2954 and trading value a moderate 270m.
Aldar Properties PJSC (ALDAR) was the big winner today with a 4.3% rise to 4.65 and a substantial 73m dhs of trading. Other significant rises from Union National Bank (UNB) up 1.8% to 6.29 from heavy trading, and Sorouh Real Estate (SOROUH) up 2.2% to 2.82. Emirates Telecommunications Company (ETISALAT) was relatively heavily traded today but only had a 0.3% rise.
Worst fall of note was Dana Gas PJSC (DANA) down 2.1%. Aabar Petroleum Investments Company PJSC (AABAR), Abu Dhabi Commercial Bank (ADCB), Ras Al Khaimah Properties PJSC (RAKPROP), Ras Al Khaimah Cement Company (RAKCC), Abu Dhabi National Energy Company (TAQA) all fell between 1% and 2%.
- Discuss UAE companies at Dubai Share Talk.
Last Trading Days this week - Record Date is two days later (E&OE)
- ADSB last trading day - Mon 09 Apr 2007
- ARTC last trading day - Thu 12 Apr 2007 (if quorum at 09 Apr AGM)
- DRC last trading day Thu 12 Apr 2007 (company proposal in English) - likely to change as a result of no quorum at EGM.
- NBF last trading day - Sun 08 Apr 2007 (stated in press release)
- TAMWEEL last trading day - Tue 10 Apr 2007
- UNION last trading day Wed 11 Apr 2007
- UNIKAI last trading day Thu 12 Apr 2007 (or Wed 11 Apr 2007)?
AGMs and EGMs (E&OE) this week
- ARTC AGM 09 Apr 2007 - 15% cash and 15% share dividend proposed
- SHOP AGM & EGM 11 Apr 2007
- UFC AGM 14 Apr 2007 - 10% cash dividend proposed?
- UNIKAI AGM 07 Apr 2007 - 15% cash dividend approved?
