UAE market news & discussions for 21 May 2007ADSM continued its steady climb with First Gulf Bank performing well, while DFM went the other way although Dubai Investments looked encouraging. |
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- 21 May 2007 UAE stocks and business news
- A correction in the reckoning
- SHUAA 2006 FY profit AED 262m
- ESCA calls on media to report accurately - GN 21 May 2007
- ESCA says 100% success 2007 Q1 filings but not all accounts available?
- GFH - Energy City Qatar AED 66m deal with National Petroleum Services
- GFH & Kuwait Investment Company AED 1.4 bn India Energy City fund
- AMLAK sells 10% Emaar Industries stake to Zabeel Investments 20 May 07
- SHUAA shares suspended in Kuwait? - 20 May 2007
- 20 May 2007 UAE stocks and business news
- ARMX 2007 FY profit forecast +20-30% from 2006
- DFM share - any ground for this rally? April-May 2007
- Stock Picks by Technical Analysis May 2007
- TAQA overhaul of organizational design and management - PR 20 May 07
- DFM stockmarket trading problems 20 May 2007
- EMAAR International AED 1.8 bn Samarah Dead Sea Resort in Jordan
- Kuwait drops dollar peg, GCC currency union more doubtful - 20 May 07
- AABAR Jasmine C platform starts 1450 bpd production 16 May 2007
- UNION Insurance capital increase - 20 May 2007
- Air Arabia Founding General Assembly results - PR 19 May 2007
- DRC 2006 FY results 01 Feb 2007 - not reviewed yet
- IAIC 2006 FY profit AED 181m +63% on 2005 - 01 Feb 2007
- ETISALAT 2007 Q2 results forecast to increase - R 19 May 07
- WARE - Agility subsidiary wins AED 466m US Defense contract - 16 May 07
- DIC Dubai Investments buys 5% of Islamic Bank of Asia PR 19 May 07
More UAE stock market news and discussions...
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Dubai Financial Market
A slower day on DFM with a 0.34% fall to 4156 points and traded value down to AED 736m dhs. Emaar had the biggest fall of 1.3% to 11.20 (ignoring the single small trade in National Cement Company) which dragged the market down but volume was muted.
Other falls of less than 1% for Islamic Arab Insurance Company PSC (IAIC), Emirates Integrated Telecommunications Company (DU), DFM, Tamweel PJSC (TAMWEEL), and UP. While Amlak Finance Company (AMLAK), DIB, TABREEED and GULFNAV ended the day unchanged.
Rises for Dubai Investments PJSC (DIC) of 0.5% on robust trading volumes, Arabtec Holding PJSC (ARTC) up 0.6%, and Shuaa Capital PJSC (SHUAA) up 1%.
Abu Dhabi Securities Market
Yet another green day at ADSM with a 0.68% rise to 3347 points and a moderate AED 461m total traded value, with 28 stocks rising, 12 falling and 4 unchanged.
First Gulf Bank (FGB) up 3.5% to 14.75 and Dana Gas PJSC (DANA) up 4.3% to 1.47 on solid trading volumes led the list of gainers of note today. Other gains on hefty volumes for Gulf Cement Company (GCEM) up 1%, Aldar Properties PJSC (ALDAR) up 0.3%, Aabar Petroleum Investments Company PJSC (AABAR) up 0.8%, Sorouh Real Estate (SOROUH) up 0.5%, and Union National Bank (UNB) up 3.1%. ASMAK worth a mention with a 5.9% increase for busier than usual trading.
AGTHIA was heavily traded but closed with price unchanged for the day.
Sudan Telecom Company Ltd (SUDATEL) crashed limit down to 8.88 dhs, traded value restricted by no buyers ready purchase any shares from the big queue of sellers. Looks tomorrow could be another bad day for them. Other losers on volumes worth noting were Oasis International Leasing Company PJSC (OILC) down 0.9%, and Abu Dhabi Islamic Bank (ADIB) down just 0.2%.
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