UAE market news & discussions for 21 June 2007DFM rose slightly on thin trading, while ADSM fell on moderate trading volumes with OILC topping the traded value list. Emaar volumes dropped significantly. Looks like the summer holidays are here. |
- 21 June 2007 UAE business and stock news
- ALDAR announces John Bullough as Chief Operating Officer
- AMAN - sharp rise in share price June 2007
- AMLAK and EIB sign AED 800m wakala loan
- AOIC launches 'Kabayan' medical insurance policy for Filipinos
- DFM and ADSM integration will improve performance
- DFM, ESCA organise broker forum with NYSE, SEC participation
- DIB - Fitch affirms Dubai Islamic Bank Support rating at '1'
- DIC - Emirates Float Glass second phase investment
- EBI has A+ rating from Fitch affirmed
- EIB 3.67 bn dhs Sukuk trust certificates get A1 rating from Moody's
- EMAAR-MGF may win DDA Games Village contract in India
- ESCA says they will set financial criteria for UAE brokers
- ETISALAT highlights VoIP strategies for businesses
- FGB meeting 30 May 2007 - foreign ownership & AED 12.8 bn EMTN notes
- GFH advising Petrobras (Brazil) global expansion
- SOROUH - bids invited for Shams infrastructure construction
- TAIB Bank to sell 60% stake to Dubai Financial - PR 20 June 2007
- UCC - 2007 M5 profit AED 85m
- London is top financial center, Dubai is 37th - MC survey
- 20 June 2007 UAE business and stock news
More UAE stock market news and discussions...
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Dubai Financial Market
The DFMGI wobbled up and down in a narrow trading range today, finally closing at 4504, up by 0.15% from AED 456m worth of trading.
AMAN rose 2.9% to 28.20 from a solid 63m dhs worth of trading, National General Cooling Company PJSC (TABREED) was up 1.5%, and GULFNAV, Arabtec Holding PJSC (ARTC), Amlak Finance Company (AMLAK) were the only other actively traded stocks showing a rise - of less than 1%.
Emaar Properties PJSC (EMAAR) was flat at 12.15 from a very low 60m dhs worth of trades. The other actively traded stocks all fell by less than 1%. GGICO and National Bank of Dubai (NBD) fell by 0.61% and 0.44% respectively, with higher than usual volumes.
Abu Dhabi Securities Market
The ADSM index fell by 0.26% to 3616 points from AED 510m of traded value - slightly higher than on DFM. Very few stocks rose on any volume of significance. AKIC was up 5.4% to 1.84 from 22 deals, other rises of 0.5% for Emirates Telecommunications Company (ETISALAT) and 0.3% for First Gulf Bank (FGB).
AWNIC plummeted 9.8% to 4.86 with no buyers in the queue and a relatively substantial 1m shares traded from 8 deals. Oasis International Leasing Company PJSC (OILC) with a 0.7% fall from 178m dhs of trading and Ras Al Khaimah Cement Company (RAKCC) with a 2.7% fall from 130m dhs of trades topped the traded value list. AGTHIA dropped 3.7%, Ras Al Khaimah White Cement Company (RAKWCT) was down by 3.1%, and Aabar Petroleum Investments Company PJSC (AABAR) lost 2.2%. The remaining actively traded stocks fell by less than 2%.
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