UAE markets 31 Jul 2007

UAE market news & discussions for 31 July 2007 Both markets made up lost ground today as world markets stabilised. The DFM index finished at 4, 273 a gain of 1.10% and the ADSM index finished at 3,480 a gain of 1.47%. Half yearly results were released by the following companies: Dubai investments, H1 2007 803 million dirhams profit an increase of 48% from H1 2006. DU, H1 2007 485 million dirhams revenue , Net loss 496 million dirhams. GULFNAV, H1 2007 47 million dirham profit an increase of 310% from H1 2006. TAMWEEL, H1 2007 108 million dirham profit an increase of 118% from H1 2006.

• DU 2007 H1 loss AED -497m -276%, Q2 AED -281m -265%
• 2007 Q2 results for DFM and ADSM companies
• 31 July 2007 UAE business and stock news
• ABNIC: stable outlook & BBB rating from Standard & Poor's - PR 30 Jul 07
• DIC > M'Sharie > Thermostone AED 12m concrete contract - PR 30 Jul 07
• EMAAR - New Year 2008 party in the Burj Dubai - AB 30 Jul 2007
• Al Qudra Real Estate will have Thomson Golf Course in Al Ain - PR 30 Jul 07
• UAB - may sell stake to Qatar's Commercialbank - R 29 Jul 2007
• DU will launch broadband and mobile TV soon - AB 30 Jul 2007
• DU Call Select - subscribers can use non-DU landlines - PR 26 Jul 2007
• DU Freetime - free credit when making international calls - PR 30 Jul 2007
• EBI-NBD Emirates NBD share swap terms and timetable - 31 Jul 2007
• TAIB Bank to sell 37% stake to Dubai Financial - GDN 31 Jul 2007
• DIFX market data distribution to brokers by Amanah xData - PR 30 Jul 2007
• 30 July 2007 UAE business and stock news
• ASMAK 2007 H1 profit AED 1m -116%, Q2 AED -0m -97%
• JULPHAR 2007 H1 profit AED 62m +104%, Q2 profit AED 31m +94%
• TAMWEEL 2007 H1 profit AED 108m -85%, Q2 profit AED 58m -92%
• Stock Picks by Technical Analysis July 2007
• DU will announce its financial statment tomorrow.
• 2007 financial results forecasts - UAE companies list
• SOROUH 2007 H1 profit AED 557m, Q2 profit AED 443m
• Etisalat introduces corporate Greetune service - PR 29 July 2007
• ETISALAT offers money transfer by mobile phone - WAM 27 Jul 2007
• ETISALAT thanked for support to UAE farmers - PR 29 Jul 2007

More UAE stock market news and discussions...

best stock rises symbol price change GLOBAL 11.40 +1.40 +14% EIC 10.90 +0.80 +7.9% NBS 2.97 +0.17 +6.1% QCEM 2.15 +0.12 +5.9% AKIC 1.70 +0.09 +5.6%

worst stock falls symbol price change DRIVE 3.16 -0.28 -8.1% TKFL 5.21 -0.44 -7.8% QTEL 237.10 -12.40 -5% ASCANA 4.04 -0.21 -4.9%

top volume symbol value (AED) price ALDAR 220,023,265 6.84 EMAAR 193,873,829 10.90 DFM 126,445,245 3.00 AIRARABIA 110,291,071 1.11 FGB 89,244,800 14.75

Dubai Financial Market

the DFM index finished trading today at 4,273 a gain of 1.10% from the previous close. 215 million shares traded worth 673 million dirhams. Seventeen shares advanced and one declined.
AIRARABIA continues to top trading finishing at 1.11 dirhams a gain of 1.83% with 99 million shares traded.

Other shares to advance included DFM 3.00 (1.01%), Emaar Properties PJSC (EMAAR) 10.90 (1.86%), Dubai Islamic Bank (DIB) 9.94 (1.84%) and Emirates Integrated Telecommunications Company (DU) 5.05 (0.79%).

Only one share declined ASCANA 4.04 (4.94%).

Abu Dhabi Securities Market

The ADSM index finished the trading day at 3,480 a rise of 1.47% from the previous close. 153 million shares traded worth 639 million dirhams. Thirty one shares advanced and three declined.
Aldar Properties PJSC (ALDAR) topped the trading finishing at 6.84 dirhams a gain of 4.27% with 32 million shares traded.

Other shares to advance included ABAR 3.69 (3.36%), Dana Gas PJSC (DANA) 1.60 (1.91%), Oasis International Leasing Company PJSC (OILC) 1.49 (2.05%), SIB 2.97 (6.07%), Sorouh Real Estate (SOROUH) 4.54 (4.17%) and ARKAN 1.63 (3.16%).

Shares to decline included TKFL 5.21 (7.79%), DRIVE 3.16 (8.14%) and Qatar Telecom (QTEL) 237.10 (4.97%) all on small volumes

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