UAE markets 23 Jul 2007

UAE market news & discussions for 23 July 2007 A further down day on UAE markets today with both indicies down more than half of one percent. On the DFM, AIRARABIA topped trading finishing at 1.06 and getting closer to its float price of 1.00 dirham. On the ADSM, OILC dominated trading finishing 2.05% down at 1.43 dirhams.

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More UAE stock market news and discussions...

best stock rises symbol price change INVESTB 2.94 +0.19 +6.9% SICO 5.80 +0.30 +5.5% AKIC 1.63 +0.07 +4.5% OEIHC 18.70 +0.60 +3.3% SCIDC 4.24 +0.11 +2.7%

worst stock falls symbol price change QCEM 2.05 -0.20 -8.9% ADSB 2.62 -0.24 -8.4% ARIG 2.90 -0.20 -6.5% RAKCC 2.09 -0.13 -5.9% AAAIC 112.00 -7.00 -5.9%

top volume symbol value (AED) price AIRARABIA 97,603,919 1.06 EMAAR 81,774,594 11.10 DFM 72,349,093 3.04 ALDAR 50,973,454 7.38 OILC 50,039,190 1.43

Dubai Financial Market

the DFM index finished continued its downward trend finishing at 4,306 a fall of 0.50%. 162 million shares traded worth 391 million dirhams. Four shares advanced and eleven declined.
AIRARABIA continues to be the top traded stock finishing at 1.06 dirhams a fall of 0.93%.

Other shares to decline included DFM 3.04 (2.56%), Emaar Properties PJSC (EMAAR) 11.10 (0.89%) and GULFNAV 1.26 (0.78%).

Shares that rose included Emirates Integrated Telecommunications Company (DU) 5.01 (0.20%), Dubai Islamic Bank (DIB) 9.96 (0.10%) and Islamic Arab Insurance Company PSC (IAIC) 3.23 (0.62%).

Abu Dhabi Securities Market

The ADSM finished at 3,555 a fall of 0.83%. 85 million shares traded worth 216 milion dirhams. Eleven shares advanced and twenty nine declined.
Oasis International Leasing Company PJSC (OILC) was the top traded share finishing at 1.43 a fall of 2.05%

Other shares to decline included Aldar Properties PJSC (ALDAR) 7.38 (2.51%), Dana Gas PJSC (DANA) 1.61 (1.83%), ARKAN 1.62 (1.82%) and Ras Al Khaimah Cement Company (RAKCC) 2.09 (5.00%).

Shares that rose included Invest Bank (INVESTB) 2.94 (6.91%), SICO 5.80 (5.45%) and AKIC 1.63 (4.49%).

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