UAE market news & discussions for 06 May 2007Both DFM and ADSM made a strong start to to the trading week today. Gains were broadly based with all sectors recording gains. |
- ADIB 2007 Q1 earnings - BOD meeting 26 Apr 2007?
- ADIB may buy stake in Egypt's NDB bank - 09 Apr 2007
- FGB General Assembly Meeting 30 May 2007
- SUDATEL 2006 FY profit AED 2.68 bn +166% from 2005 - 01 Feb 2007
- 06 May 2007 UAE stockmarket and business news
- 2007 Q1 results for DFM and ADSM companies
- DIC 2007 Q1 profit AED 439m up 73% from 2006 Q1
- AMAN 2007 Q1 profit 4.52m up 101% from 2006 Q1
- NIND 2007 Q1 profit up 109% from 2006 Q1
- MAZAYA 2007 Q1 profits down 7.6%
- GGICO to allow up to 49% foreign ownership
- TABREED 2006 FY profit +104% to AED 104m - 04 Feb 2007
- Amlak CEO Al-Hashimi resigns
- 05 May 2007 UAE stockmarket and business news [with links now]
- Forum and website modifications and new features log
- Stock Picks by Technical Analysis May 2007
- Middle East Bulls website providing technical indicators
- EMAAR dividends for 2006 FY - too low or too high?
- Deyaar IPO AED 3.2 bn 06-16 May 2007
- 04 May 2007 UAE stockmarket and business news
- EMAAR, Al Abbar / Alabbar, Burj Dubai, & Dubai - Sunday Times 29 Apr 07
- 03 May 2007 UAE stockmarket and business news
- ARTC 2007 Q1 results - BOD meeting for first quarter annoucement
- SICO 2007 Q1 profit AED 15.2m up 141% from 2006 Q1
- TAQA to buy CMS Energy power plants in Morocco and India - PR 06 Feb 07
More UAE stock market news and discussions...
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Dubai Financial Market
The DFM made strong gains today opening up and increasing through out the trading day. The index finished at 3975 a gain of 3.57%. The total volume of shares changing hands was 511 million worth 1.8 billion dirhams. Approximately half of the trading volume was made up of trading in DFM shares.
top gainers on reasonable volume included: Dubai Islamic Bank (DIB) 8.67 (14.6%), DFM 2.98 (12.4%), Tamweel PJSC (TAMWEEL) 3.84 (6.9%), Shuaa Capital PJSC (SHUAA) 5.23 (3.98%) and Aramex PJSC (ARMX) 1.98 (3.66%).
No stocks declined on significant volume.
Abu Dhabi Securities Market
The ADSM had a strong trading day with the index finishing at 3141 a gain of 2.38% from the previous close. 227 million shares changed hands worth a total of 769 million dirhams.
Top gainers on reasonable volume included: Oasis International Leasing Company PJSC (OILC) 11.55 (8.45%), Aldar Properties PJSC (ALDAR) 5.86 (8.32%), Sorouh Real Estate (SOROUH) 3.16 (7.48%), Abu Dhabi National Energy Company (TAQA) 2.04 (5.15%), Abu Dhabi Commercial Bank (ADCB) 6.24 (3.65%), Aabar Petroleum Investments Company PJSC (AABAR) 2.39 (5.2%)
Top decliners on reasonable volume included: Ras Al Khaimah White Cement Company (RAKWCT) 1.82 (4.71%) and Gulf Cement Company (GCEM) 5.95 (2.98%).
- 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)
- DIC last trading day 07 May 2007 - postponed from 01 May 2007
- TABREED last trading date - 06 May 2007 (DFM statement)
AGMs and EGMs (E&OE) this week
- AABAR AGM 07 May 2007 - deferred from 24 April 2007 and 01 May 2007