UAE market news & discussions for 24 April 2007Another 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. |
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- 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...
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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
