UAE markets 11 Jun 2007

UAE market news & discussions for 11 June 2007 Both DFM and ADSM finished lower today. The volume of shares traded on the DFM was significantly lower today perhaps indicating the onset of slower summer trading. The volume of shares traded on ADSM remained comparatively high boosted by trading in ARKAN and RAKCC.

• 11 June 2007 UAE stocks and financial news
• Broker for investing in MENA (Middle-East, North-Africa)
• ADSM signs MOU with Doha SM (also Muscat SM, Cairo, Alexandria)
• Where does all the GCC petrodollar income go?
• ADSM and FTSE to create ETF indexes - R 11 Jun 07
• UAE cement manufacturers raising prices - GN 11 Jun 07
• Difficulties for foreign investors to invest in Middle-East
• DANA Gas new gas find at El Wastani well in Egypt - 11 June 2007
• ADSM shares minimum price to be 2 dhs [rumour]?
• GLOBAL signs up for AED 1.1 bn loan - 11 Jun 2007
• Monarch Gold Mining
• Is DFMGI begging to correct?
• Stock Picks by Technical Analysis June 2007
• EMAAR - Dubai Bank may buy Gulf Arab lender - R 10 Jun 07
• Day Trade Indications
• EMAAR Healthcare Group and DOHMS MoU with Joslin and Harvard
• 10 Jun 2007 UAE business news
• MASQ - Invesco PLC funds now available to Mashreq customers
• ADIB may buy stake in Egypt's NDB bank - 09 Apr 2007
• TAMWEEL to partner with Egypt's CIB?
• DU CTO leaves - ET 05 Jun 2007
• FGB meeting 30 May 2007 - foreign ownership limit and AED 1.8 bn loan
• GRAND 2006 FY profit AED 154m -5.7% from 2005 - 01 Feb 2007
• DU report HC Securities 07 Jun 2007 [STRONG BUY]
• DFM - foreign investors buy AED 1.6 bn shares in 1st week of Jun 2007

More UAE stock market news and discussions...

best stock rises symbol price change OEIHC 17.05 +1.55 +10% FOODCO 3.91 +0.30 +8.3% AMAN 22.45 +1.65 +7.9% GLOBAL 10.05 +0.80 +8.6% RAKCC 2.18 +0.15 +7.4%

worst stock falls symbol price change SHUAA 4.94 -0.64 -11.5% EIC 9.83 -0.77 -7.3% RAKBANK 6.50 -0.50 -7.1% RAPCO 3.75 -0.25 -6.3% UPP 3.36 -0.12 -3.4%

top volume symbol value (AED) price ARKAN 387,986,375 1.78 RAKCC 230,234,001 2.18 AGTHIA 160,980,988 2.21 EMAAR 128,370,144 12.00 DANA 102,058,305 1.73

Dubai Financial Market

The DFM index finished the day at 4,402 a decline of 1.37%. In total 133 million shares changed hands worth 572 millon dirhams. Four shares advanced, one remained unchanged and sixteen declined.

The top gainer on reasonable volume was AMAN 22.45 (7.93%), no other shares recorded gains on significant volumes.

Top decliners on reasonable volume included Union Properties PJSC (UPP) 3.31 (3.49%), Aramex PJSC (ARMX) 2.62 (2.60%), Amlak Finance Company (AMLAK) 3.60 (2.17%), Tamweel PJSC (TAMWEEL) 4.41 (2%) and Emaar Properties PJSC (EMAAR) 11.90 (1.2%).
SHUUA 4.50 fell by 12.45% on one half a million shares traded.

Abu Dhabi Securities Market

The ADSM index finished the day at 3,603 a decline of approx 1%. In total 589 million shares changed hands worth 1.2 billion dirhams. Twenty one shares advanced, three remained unchanged and sixteen declined.

Top gainers on reasonable volume included Ras Al Khaimah Cement Company (RAKCC) 2.18 (7.39%), ARKAN 1.78 (1.14%), Dana Gas PJSC (DANA) 1.73 (1.17%). The news of an oil discovery in Egypt for Dana may have helped.

Top decliners on reasonable volume included Oasis International Leasing Company PJSC (OILC) 1.38 (2.82%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.75 (1.69%).

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.