GCEM, DFM, SUDATEL, DIC up 17 Apr 2007

UAE market news & discussions for 17 April 2007 2007 Q1 earnings announcements from ADCB (down from 2006 Q1 and Q4, contrary to CEO's and Chairman's claims last month), ETISALAT (up), FH (down), NBS/SIB (down). ARMX AGM changed 10% cash dividend to a stock dividend. UPP AGM approved 25% stock dividend. Another heavy day's trading for GCEM on a rising price but the company says they don't know why. GULFA started trading on DFM today - or didn't, since no one was interested.

• GCEM big share price rise on heavy trading 16 Apr 2007
• ADNH 2006 FY AED 293m profit -12% from 2005 - 31 Jan 2007
• RAKCC 2007 Q1 profit AED28m -23% from 2006 Q1
• DIN 2006 FY results - not reviewed yet
• 2007 Q1 results for DFM and ADSM companies
• DRC 2007 Q1 earnings - timeplan for announcements
• ARIG 2007 Q1 earnings - BOD meeting 17 May 2007
• NBS SIB 2007 Q1 earnings AED 51m down 17% from 2006 Q1
• NBD European Real Estate Fund exceeds projected return PR 17 Apr 07
• GULFA Mineral Water starts trading 17 April 2007
• UPP 2006 FY profit AED 614m +5% from 2005
• ARMX 2005 FY profit AED 95m +28% on 2005 - conflicting revenues
• Gulf's Most Admired Companies - Top 50
• Air Arabia IPO sucks liquidity from the market. Really? 16 Apr 07
• ETISALAT 2007 Q1 profit AED 1.8 bn up 37% from 2006 Q1
• ADCB 2007 Q1 profit AED 470m down 25% from 2006 Q1
• FH 2007 Q1 profit AED 41m down 80% from 2006 Q1
• Saudi investor buys 3.11% stake in HSBC (worth $6.6bn)
• What's a good price for buying DU?
• What is the maximum value tradable for brokerage of AED 75
• Al Qudra Holding 2006 FY profit AED 637m up 202%
• Stock Picks by Technical Analysis April 2007
• DFM becomes a member of IASCO?? - 15 Apr 2007
• FOODCO 2006 FY profit AED 60m -55% from 2005 - 30 Jan 2007
• UFC 2006 FY results 31 Jan 2007

More UAE stock market news and discussions...

best stock rises symbol price change ADNH 4.79 +0.42 +9.6% DRIVE 1.76 +0.15 +9.3% OEIHC 20.65 +1.75 +9.3% AMAN 15.35 +1.30 +9.3% TKFL 4.50 +0.33 +7.9%

worst stock falls symbol price change FCI 4.06 -0.43 -9.6% FH 7.42 -0.44 -5.6% AAAIC 125.00 -5.90 -4.5% NCC 9.98 -0.45 -4.3% BOS 2.24 -0.08 -3.4%

top volume symbol value (AED) price DFM 409,995,531 2.50 DIC 109,985,809 4.39 DIB 83,499,151 7.15 EMAAR 83,221,821 11.20 ALDAR 40,202,578 4.78

Dubai Financial Market

DFM had an initial jump then steady for most of the session before a final spurt at the end to close at 3832, a rise of 0.95%. Traded volume was 832m dhs.

DFM shares were the pick of the day with a rise of 6.7% to 2.56 and a considerable 410m dhs worth of trading to take the top value spot today. AMAN saw relatively solid trading and an ample 9% increase in price to 15.60. Dubai Investments PJSC (DIC) also noted for a 3% increase and 110m dhs of trading putting it in second place by value. Dubai Islamic Bank (DIB) relatively subdued after the previous few days of activity, a small increase of 0.7% and 83m dhs of trading. Arabtec Holding PJSC (ARTC) surprisingly had an increase after going ex-dividend, only 0.4% but a hefty 34m dhs worth of trading.

All other stocks traded today increased between 0-3% except for Emaar Properties PJSC (EMAAR) which was notably pushed down to 4th place on traded value - only 83m dhs worth and price unchanged; and NCC which fell 4.4% on 3 small trades.

Abu Dhabi Securities Market

An encouraging rise of 1.4% to 3054 points for ADSM today. Traded value also looking promising with 210m dhs worth through the books.

Aldar Properties PJSC (ALDAR) was at the top of the value table today with over 40m dhs worth of deals and a 1.7% increase to 4.78. Also significant volumes for Emirates Telecommunications Company (ETISALAT) up 3.5% after a good result for 2007 Q1, Gulf Cement Company (GCEM) continuing its winning streak from yesterday up 3.8%, National Bank of Abu Dhabi (NBAD) up 1.3%, Abu Dhabi Islamic Bank (ADIB) up 1.8%, and Sudan Telecom Company Ltd (SUDATEL) up 4.1%. Other rises of note for DRIVE up 9.3% and QCEM up 5.3%, both on relatively moderate volumes.

Abu Dhabi Commercial Bank (ADCB) another heavily traded share but fell by 0.3% to 6.00 dhs after a weak 2007 Q1 profit announcement. Additional significant falls for Finance House PJSC (FH) down 5.6% - also a poor 2007 Q1 announcement today, and Dana Gas PJSC (DANA) down just 0.7%.

• 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