UAE markets 17 Jun 2007

UAE market news & discussions for 17 June 2007 A very quiet trading day today on both stock markets in the Emirates. Both markets fall marginally but remain above key support levels. The standout stock on the DFM was the huge trading volume of GULFNAV representing approx 70% of all trades on the DFM. Trading at the ADSM was more balanced with ARKAN, OILC and DANA the top three traded stocks with volume traded all about the same.

• GLOBAL - Euromoney 'Best Investment Bank in Kuwait' award
• SALAM BOD meeting 17 Jun 2007 - German partners?
• WARE / AGILITY renews heavy lift contract
• NRE 2006 FY results - announced 08 Feb 2007
• AABAR agreement with AWE (Satria) NZ for Bulu concession, East Java
• 17 June 2007 UAE business and stock news
• ADCB receives Best Bank in the UAE award from Euromoney
• NBS / SIB opens new branch in Fujairah - PR 16 June 2007
• DFM - foreign investors buy AED 1.5 bn shares in 2nd week of Jun 2007
• UAE Brokers ask for increased stock trading hours 16 June 2007
• IIG - International Investment Group listing
• UAE manufacturers agree on max 295 dhs per tonne for cement
• Is DFMGI begging to correct?
• DANA update coming on Iran and acquisitions - DJ 13 June 2007
• keep eye on tasi (saudi market)
• Day Trade Indications
• 16 June 2007 UAE business and stock news
• GLOBAL obtains Saudi license - 13 June 2007
• GLOBAL to sell MAZAYA stake - 12 Jun 2007
• Citigroup says DFM and ADSM should allow foreign brokers
• Private equity to invest Dh 4.8 bn in ME property - ET 16 Jun 07
• 15 June 2007 UAE stocks and financial news
• DIFX - International Investment Group $200m Sukuk
• OIC - opens new branch in Dubai Health Care City
• Citigroup says UAE bank mergers unlikely - ET 15 Jun 2007

More UAE stock market news and discussions...

best stock rises symbol price change NCTH 5.02 +0.44 +9.6% AMAN 24.00 +2.00 +9.1% RAPCO 4.00 +0.25 +6.7% GLOBAL 10.95 +0.65 +6.3% ADNIC 9.03 +0.43 +5%

worst stock falls symbol price change UNION 1.98 -0.22 -10% RAKBANK 6.09 -0.41 -6.3% OILC 1.42 -0.05 -3.4% AGTHIA 2.01 -0.06 -2.9% JULPHAR 2.00 -0.05 -2.4%

top volume symbol value (AED) price GULFNAV 213,643,716 1.35 ARKAN 99,734,884 1.75 DANA 96,857,269 1.82 EMAAR 80,198,897 12.00 OILC 75,858,517 1.42

Dubai Financial Market

The DFM index ended the day at 4,455 a slight loss of .19%. 222 million shares changed hands worth 596 million dirhams. Seven shares advanced, four were unchanged and eleven declined.

Top gainers on reasonable volume included AMAN 23.95 (10%), Arabtec Holding PJSC (ARTC) 6.00 (1.18%) and Dubai Islamic Bank (DIB) 9.90 (.81%).

Top decliners on reasonable volume included Aramex PJSC (ARMX) 2.68 (1.83%), Islamic Arab Insurance Company PSC (IAIC) 3.33 (1.47%), Union Properties PJSC (UPP) 3.33 (.89%).

Despite the 158 million shares to change hands for GULFNAV the stock price remained steady on the day.

Abu Dhabi Securities Market

The ADSM index ended the day at 3, 607 a slight loss of .33%. 241 million shares changed hands worth 542 million dirhams. Fifteen, shares advanced, three were unchanged anf twenty eight declined.

Top gainers on reasonable volume include ARKAN 1.75 (.5%), Ras Al Khaimah Cement Company (RAKCC) 2.49 (2%) and ADNIC 9.03 (5%)

Top decliners on reasonable volume included Oasis International Leasing Company PJSC (OILC) 1.42 (3.4%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.76 (2.2%), Sorouh Real Estate (SOROUH) 4.08 (1.5%).

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