UAE markets 28 Aug 2007

UAE market news & discussions for 28 August 2007 A good trading day on both UAE markets. DFM and ADSM index both up on reasonable volume. On the DFM, EMAAR 11.05 dirhams continues to recover from its recent lows. On the ADSM, OILC rose 2.94% to 1.75 dirhams on 177 million shares traded.

• GGICO buys 75% of Stock Securities LLC - DFM 28 Aug 2007
• Where is the end for this down trend?
• ALDAR CFO clarifies that loan reports was just general news - 28 Aug 07
• 28 Aug 2007 business news Dubai and Abu Dhabi
• UAB to sell controlling stake to Qatar's CBQ by end 2007 - BB 26 Aug 07
• DFM companies off to New York in November - GN 27 Aug 2007
• Borse Dubai may buy Nasdaq's LSE stake make joint OMX bid - 27 Aug 07
• Borse Dubai could bid up to 300 kr per share for OMX - ST 27 Aug 2007
• Borse Dubai may bid for other exchanges after OMX buyout - ZDJ 26 Aug 07
• EMAAR fair value 18.74 dh says Shuaa equity report - 23 Aug 2006
• OIC looking at entering Saudi insurance market - ET 27 Aug 2007
• CBD appoints Alan Hill as Head of Treasury Sales - PR 27 Aug 2007
• EMAAR if no DH deal, Moody's and S&P may review ratings R 23 Aug 07
• 27 Aug 2007 business news Dubai and Abu Dhabi
• ADIB BOD appoint R Al Shanti (CEO) & K Buharoon (MD) - 27 Aug 07
• DFSA instructs Forsyth Partners GDL to cease activities - PR 22 Aug 07
• Forsyth licence withdrawn by DFSA - PR 27 Aug 2007
• TAMWEEL - first escrow agent to be appointed by DLD - DFM 27 Aug 2007
• ETISALAT Misr reaches 1m subscribers in Egypt - R 26 Aug 2007
• Borse Dubai bid gains acceptance among investors - GN 27 Aug 2007
• ALDAR to borrow more money to fund AED 184 bn projects R 26 Aug 07
• ALDAR CFO says share price could double to 15+ dhs - 27 Aug 2007
• AMLAK - trust account services receive DLD approval DFM 26 Aug 07
• ARTC wins AED 4.7 bn JV contract for Meydan Dubai ... or not? 25 Aug 07
• ARTC-Besix win AED 0.5 bn Downtown Burj Dubai contract AB 18 Aug 07

More UAE stock market news and discussions...

best stock rises symbol price change FH 7.18 +0.65 +10% NMDC 4.63 +0.29 +6.7% CBD 8.59 +0.38 +4.6% NCC 10.45 +0.46 +4.6% DFM 3.10 +0.12 +4%

worst stock falls symbol price change UAB 6.79 -0.53 -7.2% ASMAK 5.92 -0.25 -4.1% NBAD 18.70 -0.20 -1.1% DRIVE 3.23 -0.03 -0.9% ADAVIATION 2.27 -0.02 -0.9%

top volume symbol value (AED) price EMAAR 470,213,350 11.05 DFM 414,286,916 3.10 OILC 283,623,447 1.75 ALDAR 192,955,194 6.93 AIRARABIA 134,204,180 1.25

Dubai Financial Market

The DFM index finished at 4,296 a rise of 1.19% from the previous close. 366 million shares traded worth 1.2 billion dirhams. Fourteen shares advanced and 3 declined.
The top traded share was AIRARABIA up 0.80% to 1.25 dirhams on turnover of 107 million shares.

Other shares to rise included: Amlak Finance Company (AMLAK) 3.27 (2.50%), DFM 3.10 (4.02%), Emaar Properties PJSC (EMAAR) 11.05 (1.84%) and GULFNAV 1.32 (1.53%).

Shares to decline included: Islamic Arab Insurance Company PSC (IAIC) 3.18 (0.62%) and Shuaa Capital PJSC (SHUAA) 4.96 (0.80%).

Abu Dhabi Securities Market

The ADSM index fnished at 3,448 a rise of 0.35% from the previous close. 335 million shares traded worth 845 million dirhams. Twenty six shares advanced and eleven declined.
The top traded share was Oasis International Leasing Company PJSC (OILC) up 2.94% to 1.75 dirhams on turnover of 177 million shares.

Other shares to rise included ABAR 3.73 (2.19%), Aldar Properties PJSC (ALDAR) 6.91 (3.13%), ARKAN 1.72 (1.78%), Dana Gas PJSC (DANA) 1.66 (1.84%).

Shares to decline included: UAB 6.79 (8.61%), Commercial Bank International (CBI) 2.28 (0.44%) and National Bank of Abu Dhabi (NBAD) 18.70 (1.58%).

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