UAE markets 12 Aug 2007

UAE market news & discussions for 12 August 2007 No major fallout from the subprime crisis on UAE markets. The ADSM index finished 0.46% higher and the DFM index finished 0.14% lower. Trading on the ADSM was dominated by OILC finishing 5.59% higher at 1.70 dirhams on 249 million shares traded. Trading on the DFM was light but was dominated by AIRARABIA finishing steady at 1.27 dirhams on 65 million shares traded. In company news EMAAR made the top ten of the new S&P/IFG (Extended Frontier 150 index). Stocks are drawn from 26 emerging countries.

• MEED Dubai Real Estate Report 2007
• Subprime crisis, Implications for UAE Markets
• IAIC 2007 H1 profit AED 65m -36%, 2007 Q2 profit AED 34m +5%
• 12 Aug 2007 UAE companies and financial news
• DU to pull "offensive" British anthem advert - GN 06 Aug 2007
• DANA - Iran gas deal still alive says Crescent - 11 Aug 2007
• UAE oil and gas concessions may be broken up - 11 Aug 2007
• TAQA emiratisation to reach 40% in 2008 - PR 11 Aug 2007
• DIB - 2 new branches opened in Dubai, 11 more to come - PR 11 Aug 07
• Borse Dubai asked for clarification on OMX bid by Sweden - 10 Aug 2007
• ETISALAT Egypt to bid for Egypt's second fixed line license - 04 Jul 07
• ETISALAT to bid for second Qatar mobile license - 03 Jul 07
• ETISALAT will also bid for fixed line license in Qatar - GN 09 Aug 2007
• EMAAR 2007 profit Q2 AED 1.548 bn +1%, H1 AED 3.267 bn +7%
• FOODCO 2007 H1 loss AED -1m -101%, 2007 Q2 loss AED -6m -152%
• 11 Aug 2007 companies and business news for the UAE
• DGCX - interview with chairman Colin Griffith - ET 10 Aug 2007
• Emirates says no plans to increase SriLankan Airlines stake - 10 Aug 07
• EFG-Hermes plans to increase Saudi portfolio - R 10 Aug 2007
• GULFNAV - supertanker shortage may raise shipping costs - BB 10 Aug 07
• World stocks fall again after ECB cash injection - 10 Aug 2007
• ETISALAT to increase monitoring of illegal products sold online 10 Aug 07
• Borse Dubai - Per Larsson making mischief for the OMX - FT 09 Aug 07
• Borse Dubai trip to Sweden for OMX bid - R 09 Aug 07
• Borse Dubai to buy 25% of OMX? Here we go again ... 09 Aug 07

More UAE stock market news and discussions...

best stock rises symbol price change AWNIC 5.11 +0.46 +9.9% EIC 10.00 +0.73 +7.9% OILC 1.70 +0.09 +5.6% RAKPROP 1.71 +0.07 +4.3% CBD 8.40 +0.30 +3.7%

worst stock falls symbol price change NMDC 4.51 -0.24 -5.1% UNION 2.20 -0.09 -3.9% ASMAK 4.23 -0.15 -3.4% TABREED 2.52 -0.04 -1.6% TAMWEEL 4.11 -0.06 -1.4%

top volume symbol value (AED) price OILC 425,379,910 1.70 RAKPROP 112,100,671 1.71 ALDAR 97,489,231 6.98 ARKAN 90,942,776 1.71 AIRARABIA 82,939,676 1.27

Dubai Financial Market

The DFM index finished at 4,279 a slight fall of 0.14% from the previous close. 111 million shares traded worth 260 million dirhams. Seven shares advanced and ten declined.
AIRARABIA topped trading finishing steady at 1.27 dirhams on turnover of 65 million shares.

Shares to advance included: Arab Insurance Group (ARIG) 3.18 (2.58%), Emirates Integrated Telecommunications Company (DU) 4.97 (1.015), GGICO 8.30 (3.10%) and GULFNAV 1.30 (0.77%).

Shares to decline included: ARAMEX 2.56 (0.77%), Dubai Investments PJSC (DIC) 4.61 (0.86%), Emaar Properties PJSC (EMAAR) 10.80 (0.46%), Tamweel PJSC (TAMWEEL) 4.11 (1.43%) and UNIONPROP 3.28 (1.20%).

Abu Dhabi Securities Market

The ADSM index finished at 3,506 a rise of 0.46% from the previous close. 460 million shares traded worth 924 million dirhams. Twenty shares advanced and fourteen declined.
Oasis International Leasing Company PJSC (OILC) dominated trading finishing up 5.59% at 1.70 dirhams on a massive turnover of 249 million shares.

Other shares to rise included: ARKAN 1.71 (0.59%), Dana Gas PJSC (DANA) 1.67 (1.83%), AGTHIA 1.99 (2.58%) and Ras Al Khaimah Properties PJSC (RAKPROP) 1.71 (4.27%)

Shares to decline included: Abu Dhabi National Energy Company (TAQA) 2.86 (0.35%), Commercial Bank International (CBI) 2.26 (0.88%) and ABAR 3.63 (0.27%).

Aldar Properties PJSC (ALDAR) finished steady at 6.98 dirhams on turnover of 13 million shares.

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