UAE market news & discussions for 15 August 2007The UAE markets seem to be struggling to make any headway this month with both DFM and ADSM falling today on relatively low volumes. Perhaps the rout in shares worldwide is having a knock-on effect. Abu Dhabi Ship Building stood out as a winner today with a rise on unusually active trading. |
- 15 Aug 2007 UAE company and financial news
- 2007 Q2 results for DFM and ADSM companies
- ADNH - Al Diar Hotels summer promotion sees 30% growth PR 14 Aug 07
- ALMADINA 2007 Q2 profit doubles to US$6 million - ZDJ 13 Aug 2007
- ALMADINA 11 Sep 2007 new listing on DFM - 15 Aug 2007
- Borse Dubai - hedge funds have acquired 25% of OMX - FT 14 Aug 2007
- Borse Dubai buying large stake or merging with OMX - FN 15 Aug 2007
- Borse Dubai may try takeover of OMX - R 15 Aug 2007
- DANA 2007 H1 profit AED 50m -50%, 2007 Q2 profit AED 29m -41%
- DFM - Kuwait companies keen to list in Dubai - KUNA 15 Aug 2007
- DIB - Shariah financing for Al Tajir Fortunato project - PR 09 Aug 2007
- DIFC - Morgan Stanley new equity research team in Dubai - PR 14 Aug 07
- DRIVE share capital increase - BOD meeting
- EMAAR listed in Top 10 of S&P new Frontier 150 Index - 14 Aug 07
- EMAAR - Leighton: subprime opportunites and booming ME - AAP 14 Aug 07
- EMPOST - Wall St Exchange SBI Express transfers to India PR 14 Aug 07
- GULFNAV buys AED 400m boat & signs TMT for 3 year lease - PR 14 Aug 07
- NBS - new ATM in DFC and 100 ATMs in 2008 Q1 - PR 15 Aug 07
- NRE - National Shops appeal & judgement - DFM2 14 Aug 2007
- OILC in 16th place in global aircraft leasing survey - PR 15 Aug 2007
- OILC - adopts Oracle Lease Management software - PR 15 Aug 2007
- SHUAA 2007 Q1 (ending 30 Jun 2007) profit AED 75m +3,688%
- TAQA North (ex-Northrock) begins operations - PR 15 Aug 2007
- TAQA appoints William Reynolds as interim CFO - R 14 Aug 2007
- TAQA - Northrock purchase from Pogo completed - PR 14 Aug 2007
- UPP research report from Shuaa says FV 3.79 [BUY] - 14 Aug 2007
- Phone companies see untapped potential in Sudan - R 15 Aug 2007
More UAE stock market news and discussions...
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Dubai Financial Market
DFM fell by 0.87% to 4262 after starting the day at about 4300 points. Turnover of 427m dhs from 147m shares was relatively low. Only 3 stocks rose, while 19 fell.
Shuaa Capital PJSC (SHUAA) was the only actively traded stock to rise, up by a just a fil (or 0.2%) to close at 5.00.
Falls for Amlak Finance Company (AMLAK) down 3% to 3.25, DFM down 2.6% to 2.96, AIRARABIA down 2.3% to 1.26, and GULFNAV down 2.3% to 1.30. Emaar Properties PJSC (EMAAR) was the most active stock on volume with 126m dhs worth of trading and a 1.8% fall to 10.75.
Abu Dhabi Securities Market
ADSM didn't suffer quite as badly as DFM today, dropping by 0.37% to 3480 from turnover of 345m dhs and 133m shares traded. ASMAK and OEIHC were trading limit up but there were no sellers in the queue, limiting the number of trades.
Abu Dhabi Ship Building (ADSB) rose 7% to 3.27 on encouraging trading volumes, Oasis International Leasing Company PJSC (OILC) was the most significant rise with a 1.2% increase to 1.68 from 41m dhs worth of trading. ARKAN was busy also and rose 0.6% to 1.72 while Sorouh Real Estate (SOROUH) was the only other actively traded stock increasing today - up by just 0.2% to 4.48.
Falls on more than 5m dhs worth of trading for Sharjah Cement & Industrial Development Company (SCIDC) down 2.4% to 4.48, Dana Gas PJSC (DANA) down 1.75%, Aldar Properties PJSC (ALDAR) down 1.6%, Ras Al Khaimah Properties PJSC (RAKPROP) down 1.2%, Aabar Petroleum Investments Company PJSC (AABAR) down 0.8%, and Emirates Telecommunications Company (ETISALAT) down 0.6% to 17.55. National Bank of Abu Dhabi (NBAD) price closed unchanged at 18.75.
- Discuss UAE companies at Dubai Share Talk.