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