UAE markets 20 Jun 2007

UAE market news & discussions for 20 June 2007 The UAE markets diverged today with the DFM index recording a slight fall and the ADSM index rising slightly. The volume of shares traded on DFM was low and was about average for the ADSM. Companies based in Ras Al Khaimah filled three of the top five traded stocks based on volume.

• EMAAR starts sales for Dubai Marina Mall Hotel & Serviced Residences
• UPP project finance agreement with EBI 19 Jun 2007
• TAMWEEL AED 807m Notes - ratings AA2 by Moody's and AA by Fitch
• Transport costs will stifle cement exports to Kurdistan Iraq
• UAE cement demand to double says Noor Capital - 20 Jun 2007
• 20 June 2007 UAE business and stock news
• NCTH JV with Pearl Azzur real estate and hotel management
• UAB BOD meeting Wed 27 Jun 2007
• ADSM and ESCA host delegation from NYSE and SEC
• AMAN 2006 FY loss AED 14m, 2005 was AED 73m profit - 30 Jan 2007
• AMAN - sharp rise in share price June 2007
• DU report HC Securities 07 Jun 2007 [STRONG BUY]
• keep eye on tasi (saudi market)
• 19 June 2007 UAE business and stock news
• DIB - 28 Aug 2005 - DFM 11.1 bn, DIB 9.3 bn - DIB bogus trades cancelled
• UAE cement sector may be 200% oversupplied by 2009 - 19 June 2007
• PALTEL BOD meeting 17 June 2007
• TKFL - Khalid Al Suwaidi is no longer a BOD member
• Day Trade Indications
• NMDC AED 26m island reclamation and dredging project - 19 June 2007
• EMAAR AED 2.57 bn Tuscan Valley Houses in Turkey - 26 May 2007
• FGB EMTN notes get A/F1 rating from Fitch - PR 19 Jun 2007
• FGB EMTN notes get A2 rating from Moody's - PR 19 Jun 2007
• GFH - London listing of GDRs
• IAIC Salama IPO in Saudi Arabia - ET 12 Oct 2006

More UAE stock market news and discussions...

best stock rises symbol price change NMDC 4.93 +0.46 +10.3% OEIHC 17.35 +1.55 +9.8% UNION 2.36 +0.21 +9.8% FCI 4.10 +0.36 +9.6% AKIC 1.68 +0.14 +9.1%

worst stock falls symbol price change ACICO 5.67 -0.99 -14.9% AMAN 28.60 -1.95 -6.4% RAKCEC 5.52 -0.38 -6.4% ABNIC 7.50 -0.49 -6.1% FOODCO 4.98 -0.26 -5%

top volume symbol value (AED) price OILC 233,396,658 1.46 RAKCC 202,443,791 2.57 EMAAR 195,648,744 12.25 AMAN 112,937,677 28.60 TAMWEEL 79,920,130 4.63

Dubai Financial Market

The DFM index closed today at 5,239 a slight fall of .53%. 157 million shares changed hands worth 757 million dirhams. GULFNAV comprised nearly 33% of all shares traded ending the day at 1.32 a fall of 1.49%

Top gainers on reasonable volume included Commercial Bank of Dubai (CBD) 8.65 (2.3%), GGICO 8.25 (2.1%).

Top decliners on reasonable volume included AMAN 27.40 (6.6%), Global Investment House (GLOBAL) 11.35 (1.73%), Emaar Properties PJSC (EMAAR) 12.15 (1.22%) and GULFNAV 1.32 (1.49%).

Abu Dhabi Securities Market

The ADSM index closed today at 3625 a gain of .32%. 368 million shares changed hands worth 801 million dirhams. Oasis International Leasing Company PJSC (OILC) comprised nearly 40% of all shares traded ending the day at 1.46 a gain of 2%.

Top gainers on reasonable volume included AKIC 1.68 (9%), Ras Al Khaimah Cement Company (RAKCC) 2.57 (2.8%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.76 (.57%) and Ras Al Khaimah White Cement Company (RAKWCT) 2.24 (.45%).

Top decliners on reasonable volume included Foodco Holdings PJSC (FOODCO) 4.98 (4.05%) and UAB 6.00 (3.38%)

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