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