UAE markets 24 Jun 2007

UAE market news & discussions for 24 June 2007 Both indicies finished down today falling half of one per cent lower than the previous close. The volume of stock traded was low on both markets. On DFM, SHUAA and ARMX had good gains on reasonable volume. GULFNAV declined 3% on heavy turnover. On ADSM, trading was steady across the board.

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• AOIC launches 'Kabayan' medical insurance policy for Filipinos
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• Integration of DFM and ADSM will improve performance
• ESCA says they will set financial criteria for UAE brokers
• DFM, ESCA organise broker forum with NYSE, SEC participation
• EMAAR-MGF may win DDA Games Village contract in India
• EBI has A+ rating from Fitch affirmed
• FGB meeting 30 May 2007 - foreign ownership & AED 12.8 bn EMTN notes

More UAE stock market news and discussions...

best stock rises symbol price change UNION 2.42 +0.20 +9% GCEM 6.15 +0.36 +6.2% SHUAA 5.36 +0.22 +4.3% RAKBANK 6.34 +0.25 +4.1% ARMX 2.79 +0.08 +3%

worst stock falls symbol price change AWNIC 4.38 -0.48 -9.9% NMDC 4.76 -0.49 -9.3% ASMAK 6.52 -0.27 -4% CBD 8.50 -0.35 -4% ADAVIATION 2.23 -0.09 -3.9%

top volume symbol value (AED) price EMAAR 153,640,032 12.10 TABREED 110,339,988 2.83 ARMX 105,965,188 2.79 DFM 90,165,175 3.28 ADIB 68,913,843 58.60

Dubai Financial Market

The DFM index finished today at 4480 a fall of .50%. 206 million shares changed hands worth 807 million dirhams. Five stocks advanced and sixteen declined. Crucially the index finished below the recent support level of 4500.

Top gainers on volume included Shuaa Capital PJSC (SHUAA) 5.31 (4.32%), Aramex PJSC (ARMX) 2.76 (2.98%) and National General Cooling Company PJSC (TABREED) 2.77 (.36%).

Top decliners on volume included GULFNAV 1.29 (3%), AMAN 27.80 (1.41%), DFM 3.27 (.90%).

Abu Dhabi Securities Market

The ADSM index finished today at 3597 a fall of .49%. 115 million shares changed hands worth 363 million dirhams. Eleven stocks advanced, twenty seven declined.

Top gainers on volume included Gulf Cement Company (GCEM) 6.15 (6.3%), Ras Al Khaimah Cement Company (RAKCC) 2.53 (1.2%),

Top decliners on volume included ARKAN 1.68 (1.76%), Sorouh Real Estate (SOROUH) 4.07 (1.22%), Dana Gas PJSC (DANA) 1.76 (1.12%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.76 (1.72%).

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