UAE markets 27 Jun 2007

UAE market news & discussions for 27 June 2007 Both markets in the Emirates rose today with the DFM making the best of it with a gain of .79%. Trading in GULFNAV represented nearly 50% of all shares traded on the DFM and finished the day on 1.33 dirhams a rise of 9%. Trading on the ADSM was quieter with OILC and ARKAN topping the turnover but both finishing within 1.5% of yesterdays close.

• IIG parent IGH tie up with GlobalOptions Group
• China $200 bn wealth fund tie-up with Dubai
• Kurdistan to compete with Dubai as regional business hub
• DANA - extraordinary general meeting 03 Jul 2007 - why?
• DRIVE share capital increase - BOD meeting
• 27 June 2007 UAE business and stock news
• GFH Gulf Finance House sells 30% of Khaleeji Bank
• ALDAR awards major Al Raha contract to ALDAR
• ADIB may buy stake in Egypt's NDB bank - 09 Apr 2007
• TAMWEEL receives provisional ratings from Moody's for Sukuk
• FGB customers can pay credit card bills at Wall Street Exchange offices
• RAK Airways CEO leaves ... again - 27 May 2007
• ABC Arab Banking Corporation closes AED 3.67 bn loan facility
• MASQ Mashreq AED 1 bn loan for Qatar District Cooling Company
• IMF tells Jordan and other ME countries to broaden tax base
• Is DFMGI begging to correct?
• OILC - Oasis Leasing looking for MENA expansion opportunities
• RAK Airways launches first flight 23 June 2007
• 26 June 2007 UAE financial and stockmarket news
• Bahrain to introduce income tax - R 25 June 2007
• FGB forms AED 500m Inshaa Properties with ALDAR, SOROUH, Reem
• ARTC Arabtec receives ISO and OHSAS certificates 25 Jun 2007
• EBI Emirates Bank to implement Finacle from Infosys Technologies
• MASQ - Mashreqbank rated 'A/A-1', outlook stable by Standard & Poor's
• ARTC Wins AED 650 Million contract at Dubai Marina

More UAE stock market news and discussions...

best stock rises symbol price change GULFNAV 1.28 +0.11 +9.4% FH 8.36 +0.58 +7.5% MAZAYA 8.69 +0.55 +6.8% AMAN 26.00 +1.50 +6.1% DRIVE 3.12 +0.15 +5.1%

worst stock falls symbol price change AKIC 1.63 -0.09 -5.2% FCI 4.31 -0.23 -5.1% ADSB 2.85 -0.15 -5% NCC 10.00 -0.35 -3.4% TAQA 2.70 -0.09 -3.2%

top volume symbol value (AED) price GULFNAV 138,816,446 1.28 DFM 116,551,627 3.11 OILC 79,727,693 1.34 EMAAR 63,602,249 11.85 ALDAR 57,984,656 7.01

Dubai Financial Market

The DFM index broke its losing streak and finished up today at 4,418 a rise of .79%. 223 million shares changed hands worth 645 million dirhams. Fifteen shares advanced and four declined. GULFNAV topped the turnover easily with 108 million shares traded, finishing at 1.33 dirhams an increase of 9%.

Top gainers on reasonable volume included DFM 3.13 (1.95%), National General Cooling Company PJSC (TABREED) 2.73 (2.6%), Union Properties PJSC (UPP) 3.33 (2.15%) and Islamic Arab Insurance Company PSC (IAIC) 3.30 (2.1%)

Top decliners on reasonable volume included Arabtec Holding PJSC (ARTC) 5.90 (.34%) and Emirates Integrated Telecommunications Company (DU) 5.08 (.20%). Shuaa Capital PJSC (SHUAA) 5.09 was also marginally down .20% on very small volume.

Abu Dhabi Securities Market

The ADSM index finished the day on 3544 an increase of .28% on yesterdays close. 199 million shares changed hands worth 496 million dirhams. Nineteen shares advanced and 17 declined. Oasis International Leasing Company PJSC (OILC) topped the turnover with 59 million shares traded, finishing at 1.34 a decrease of 1.47%.

Top gainers on reasonable volume included Aabar Petroleum Investments Company PJSC (AABAR) 3.16 (3.95%), Gulf Cement Company (GCEM) 6.11 (3.21%) and Aldar Properties PJSC (ALDAR) 7.01 (3.0%).

Top decliners on reasonable volume included Abu Dhabi National Energy Company (TAQA) 2.70 (3.23%) and Ras Al Khaimah Properties PJSC (RAKPROP) 1.55 (1.27%)

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