UAE markets 29 Aug 2007

UAE market news & discussions for 29 August 2007 Bothe UAE markets fell today on reasonable volume. The DFM index fell 1.17% to 4,246. AIRARABIA was the top traded declining 0.80% to 1.24 dirhams on turnover of 100 million shares. The ADSM index fell 0.33% to 3,436. OILC was the top traded declining 0.57% to 1.74 dirhams on turnover of 55 million shares.

• NMDC 2007 Q2 profit AED 57m +373%, 2007 H1 profit AED 89m +234%
• Where is the end for this down trend?
• DME CEO says trading volumes to recover from July lows - ET 29 Aug 07
• DP World IPO plans ... again ... again - GT 28 Aug 2007
• 29 Aug 2007 business news Dubai and Abu Dhabi
• 2007 Q2 results for DFM and ADSM companies
• DANA - Iran forms committee to resolve gas price - R 28 Aug 07
• Borse Dubai - Nasdaq asks for investigation into OMX bid - FT 28 Aug 07
• ETISALAT - 4th mobile provider in Afghanistan - AP 28 Aug 2007
• GPI 2007 H1 profit KD 2.2m -8%
• GPI 2007 Q1 profit KD 663,000
• GPI 2006 FY profit KD 7m +146%
• Gulf Petroleum Investment
• GPI buys 16% of Indonesian oil field from Kufpec - July 2006
• GPI to help build AED 477m oil refinery in northern Iraq - 13 May 2007
• IIG may sell its Gulf Petroleum stake - BSE 20 Dec 2006
• GPI - Bennevis contract extended 2 more years - 03 Oct 2006
• GPI - Gulf Petroleum Investments listing 10 Sep 2007
• 28 Aug 2007 business news Dubai and Abu Dhabi
• GGICO - Dh 771m loan facility from StanChart & EIB - DFM 28 Aug 07
• EIB offers mortgage finance for UPP properties - PR 28 Aug 2007
• Templeton's Mobius buying Dubai real estate stocks - BB 28 Aug 07
• ETISALAT shares worth AED 7.5m sold in scam - 7D 28 Aug 07
• DIFX launches TraX Structured Products Platform - PR 27 Aug 2007
• IFA Hotels & Resorts JV for Dh1.5 bn safari development - PR 27 Aug 07

More UAE stock market news and discussions...

best stock rises symbol price change GMPC 4.40 +0.40 +10% INVESTB 3.05 +0.28 +10.1% NMDC 4.86 +0.19 +4.1% ADIB 54.85 +1.95 +3.7% WARE 22.80 +0.70 +3.2%

worst stock falls symbol price change ASMAK 5.41 -0.51 -8.6% EIC 9.50 -0.75 -7.3% OEIHC 18.90 -1.25 -6.2% UCC 4.75 -0.31 -6.1% TKFL 4.10 -0.18 -4.2%

top volume symbol value (AED) price EMAAR 418,953,597 10.85 DFM 236,729,088 3.05 AIRARABIA 124,185,855 1.24 ALDAR 120,492,576 6.78 OILC 97,405,983 1.74

Dubai Financial Market

The DFM index finished at 4,246 a fall of 1.17% from the previous close. 305 million shares traded worth 1 billion dirhams. Four shares advanced and fifteen declined.
AIRARABIA topped trading finishing down 0.80% at 1.24 dirhams on 100 million shares traded.

Other shares to fall included: Amlak Finance Company (AMLAK) 3.18 (2.75%), DFM 3.05 (1.61%), Emaar Properties PJSC (EMAAR) 10.85 (1.81%) and GULFNAV 1.29 (2.27%).

Shares to rise included Shuaa Capital PJSC (SHUAA) 5.05 (1.81%), National Bank of Dubai (NBD) 9.05 (0.55%) and Arab Insurance Group (ARIG) 3.50 (1.44%)

Abu Dhabi Securities Market

The ADSM index finished at 3,436 a fall of 0.33% from the previous close. 153 million shares traded worth 497 million dirhams. Twenty one shares declined and eleven advanced.
Oasis International Leasing Company PJSC (OILC) topped trading finishing down 0.57% at 1.74 dirhams on 55 million shares traded.

Other shares to fall included: Aldar Properties PJSC (ALDAR) 6.78 (1.88%), Dana Gas PJSC (DANA) 1.63 (1.81%) and Sorouh Real Estate (SOROUH) 4.36 (2.02%).

Shares to rise included: Abu Dhabi Islamic Bank (ADIB) 54.85 (3.69%), ARKAN 1.75 (1.74%) and First Gulf Bank (FGB) 13.95 (0.36%).

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