UAE markets 07 May 2007

UAE market news & discussions for 07 May 2007 DFM could not sustain the momentum from yesterdays rise but ADSM continues to move upwards. DFM shares dominate trade again on the DFM. SHUAA results released reflecting the fall in IPO activity. ALDAR shares continue to rise.

• OILC 10:1 stock split on Sun 13 May 2007
• TAQA to buy CMS Energy power plants in Morocco and India - PR 06 Feb 07
• TAMWEEL share split?
• Need info on AGTHIA
• 07 May 2007 UAE stockmarket and business news
• SHUAA 2006 FY profit AED 262m
• NBS / SIB - ASAS Real Estate Company
• SOROUH share price soars but company denies knowing why 07 May 2007
• GMPC 2007 Q1 profit AED 11m +12.3% from 2006 Q1
• ADNH 2007 Q1 profit AED 135m +83% on 2006 Q1
• ASCANA 2007 Q1 profit AED 3.36m up 137% (?) from 2006 Q1
• 06 May 2007 UAE stockmarket and business news
• ALDAR share price rips but company denies knowing why 07 May 2007
• SCIDC - Articles of Association amendment 07 May 2007
• RAKNIC Articles of Association Amendment 07 May 2007
• JULPHAR 2006 FY profit AED 67m -43% from 2005
• RAKCEC 2007 Q1 earnings
• BOS 2007 Q1 earnings - BOD meeting 01 May 2007?
• TABREED 2006 FY profit +104% to AED 104m - 04 Feb 2007
• DIC 2006 FY profit AED 990m up 45% from 2005 - 28 Jan 2007
• SHOP 2007 Q1 earnings - BOD meeting 06 May 2007
• AHI 2007 Q1 earnings
• ARIG 2007 Q1 earnings - BOD meeting 17 May 2007
• TAMWEEL AGM approves dividend, hopeful on bank licence - GN 01 Apr 07
• DFM share - in a statistical crossroad

More UAE stock market news and discussions...

best stock rises symbol price change QCEM 2.35 +0.18 +8.3% RAKCEC 4.22 +0.31 +7.9% NMDC 4.14 +0.30 +7.8% ALDAR 6.27 +0.41 +7% AGTHIA 1.28 +0.08 +6.7%

worst stock falls symbol price change UAB 6.03 -0.67 -10% ADNIC 7.60 -0.80 -9.5% UCC 4.41 -0.38 -7.9% UNION 1.90 -0.15 -7.3% ADNH 3.99 -0.27 -6.3%

top volume symbol value (AED) price DFM 638,254,801 2.96 DIB 282,609,248 8.55 DIC 167,344,783 4.53 TAMWEEL 158,241,036 3.83 SOROUH 145,166,071 3.34

Dubai Financial Market

The DFM index finished the trading day at 3955 a slight fall of .5% from yesterdays close. 457 million shares changed hands with a value of 1.6 billion dirhams. DFM shares continue to dominate trading.

Top gainers on significant volume included National General Cooling Company PJSC (TABREED) 2.16 (3.18%), Commercial Bank of Dubai (CBD) 7.14 (3.4%).

Top decliners on significant volume included Shuaa Capital PJSC (SHUAA) 4.93 (5.7%), Dubai Islamic Bank (DIB) 8.37 (3.4%), Tamweel PJSC (TAMWEEL) 3.75 (2.3%) and Dubai Investments PJSC (DIC) 4.47 (1.3%).

Abu Dhabi Securities Market

The ADSM index continued its steady rise finishing the trading day at 3155 a gain of .46% from yestrdays close. 239 million shares changed hands with a value of 791 million dirhams.

Top gainers on significant volume included Sorouh Real Estate (SOROUH) 3.34 (5.7%), AGTHIA 6.27 (6.6%) and Aldar Properties PJSC (ALDAR) 6.27 (7%).

Top decliners on significant volume included ADNH 3.99 (6.3%) and ARKAN 1.14 (.87%).

• 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