UAE market news & discussions for 06 June 2007DFM took another hit today while ADSM had a small rise, led by solid gains in Arkan Building Materials, Agthia, and Etisalat - after news of expansion plans and seeking to allow foreign ownership. |
- 06 Jun 2007 UAE stocks and business news
- ADSB - Dh281m contract to buy missiles from Raytheon - 05 Jun 2007
- ADSM 2nd Annual Forum for market members - PR 06 Jun 07
- ALDAR to borrow AED 7.7 bn from NBAD, DIB, FGB, ADCB - 21 May 07
- ARABBANK - arranges its first loan of AED 1.8 bn
- DIFX - Morgan Stanley will be market maker for KHI - PR 05 Jun 07
- ETISALAT to increase Middle East and African acquisitions - R 06 Jun 07
- Etisalat to allow foreign ownership of shares... 30 Mar 2006
- NBS (SIB) shares limit up on high volumes Jun 2007
- NRE 2006 FY results - announced 08 Feb 2007
- QTEL - Asia Mobile to acquire 49% stake in Shenington
- RAKCEC environmental protection partnership - ADSM 06 Jun 07
- TAQA may allow foreign ownership - 03 Jun 07
- Stock Picks by Technical Analysis June 2007
- 05 Jun 2007 UAE stocks and business news
More UAE stock market news and discussions...
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Dubai Financial Market
Another tumble for the DFMGI today, down 1.3% to 4351 points with a total traded volume of 794m dhs. Emaar Properties PJSC (EMAAR) shares dominated trading with 250m dhs worth going through the books and a 1.3% fall to 11.80.
Losses of 2.6% for GULFNAV and National General Cooling Company PJSC (TABREED), 2.3% for AMAN and Aramex PJSC (ARMX), 2.2% for Tamweel PJSC (TAMWEEL) and Amlak Finance Company (AMLAK), 2.1% for Union Properties PJSC (UPP) and most others falling by less than 2%.The 4.7% drop for Commercial Bank of Dubai (CBD) was from just 3 trades.
Arabtec Holding PJSC (ARTC) the only actively traded stock to rise - by a mere 0.4%. Emirates Bank International Group (EBI) up 0.6% and GFH up 2% from a handful of trades.
Abu Dhabi Securities Market
ADSM rose 0.27% to 3577 from a solid 676m dhs of trading today although the number of losers outnumbered the gainers.
Emirates Telecommunications Company (ETISALAT) rose 3% to 19.55, ARKAN headed up the traded value table with a 3.3% rise to 1.59, AGTHIA was up 2.5%, and DRIVE performed very strongly with a 7.8% rise to 2.90. Other rises were small and/or on small volumes.
The losers included NBS down 5.3% to 2.70, Sorouh Real Estate (SOROUH) down 3.8%, Ras Al Khaimah Properties PJSC (RAKPROP) down 3.5%, and Dana Gas PJSC (DANA) down 3%. Other falls were about 2% or less, or on thin trading.
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