UAE markets 02 Sep 2007

UAE market news & discussions for 02 September 2007 Both UAE markets finished higher today. The DFM index finished 0.91% higher on strong volume. The DFM itself was the top traded stock closing at 3.20 dirhams a rise of 1.91% on volume of 140 million shares. The ADSM index finished 0.34% higher on average volume. ALDAR was the top traded stock closing at 7.10 dirhams a rise of 2.90% on volume of 47 million shares. In other news it was reported NASDAQ was in a hurry to dispose of its LSE share holding to concentrate on the OMX bid. QATAR and Singapore were apparently interested in aquiring the LSE stake. It seems Borse Dubai has some competition.

• ADCB buys a 41% stake in Gulf Merchant Group - PR 02 Sep 07
• NRE - AGM 04 Sep 07 to elect new BOD after resignations - 14 Aug 07
• SHOP - clarifies Al Madina project profit - DFM 02 Sep 07
• Where is the end for this down trend?
• ARTC - Buy or Sell, what do the figures tell us?
• 02 Sep 2007 Dubai, Abu Dhabi, UAE financial news
• ADIB - board member resignation - 02 Sep 2007
• ISX - Iraq stocks perform well in Aug - KT 02 Sep 2007
• KSE - Kuwait changes weekend to Fri/Sat - 01 Sep 2007
• GCC funds look attractive to foreigners - GN 02 Sep 2007
• DGCX steel futures trading by 29 Oct - PR 01 Sep 2007
• DFM - HC Securities report [BUY] - GN 02 Sep 2007
• 01 Sep 2007 financial and business news for the UAE
• DFM - foreign investment unchanged for last week of Aug - PR 01 Sep 07
• Bank of Tokyo-Mitsubishi (BTMU)
• MTC considering move from Kuwait to Dubai - R 31 Aug 2007
• OMX report in FT denied by Swedish regulator - R 31 Aug 2007
• OMX - S&P report says Borse Dubai bid less likely to succeed - 01 Sep 07
• Borse Dubai - OMX complains about Dubai legal adviser R 31 Aug 07
• RAPCO - UAE bans poultry imports from Germany - 31 Aug 2007
• EMAAR - to invest AED 25.7 bn in Morocco by 2010 - GN 31 Aug 07
• DAMAC IPO
• Al Sayegh IPO
• Damas IPO
• Al Habtoor IPOs

More UAE stock market news and discussions...

best stock rises symbol price change TKFL 4.49 +0.21 +4.9% DNIR 3.51 +0.16 +4.8% ASMAK 5.97 +0.24 +4.2% ADSB 3.25 +0.13 +4.2% BOS 2.97 +0.09 +3.1%

worst stock falls symbol price change OEIHC 17.25 -0.90 -5% NMDC 4.68 -0.22 -4.5% DRIVE 3.12 -0.11 -3.4% FBICO 1.80 -0.04 -2.2% AKIC 1.62 -0.03 -1.8%

top volume symbol value (AED) price EMAAR 618,850,732 11.05 DFM 447,585,566 3.20 ALDAR 336,165,827 7.10 AIRARABIA 85,900,520 1.25 SOROUH 55,461,360 4.44

Dubai Financial Market

The DFM index finished on 4,294 a rise of 0.91% from the previous close. 317 million shares traded worth 1.3 billion dirhams. Thirteen shares advanced and one declined.
DFM was the top traded stock closing at 3.20 dirhams a rise of 1.91% on volume of 140 million shares traded.

Other shares to rise included: Amlak Finance Company (AMLAK) 3.23 (1.25%), Emaar Properties PJSC (EMAAR) 11.05 (1.37%) and Dubai Investments PJSC (DIC) 4.49 (0.44%).
AIRARABIA closed steady at 1.25 dirhams on turnover of 68 million shares traded.

One share declined: GULFNAV 1.29 (0.76%).

Abu Dhabi Securities Market

The ADSM index finished at 3,448 a rise of 0.34% from the previous close. 131 million shares traded worth 578 million dirhams. Twenty shares advanced and fourteen declined.
Aldar Properties PJSC (ALDAR) was the top traded stock closing at 7.10 dirhams a rise of 2.90% on volume of 47 million shares traded.

Other shares to rise included: ARKAN 1.73 (0.58%), Sorouh Real Estate (SOROUH) 4.44 (1.83%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.64 (0.61%).

Shares to decline included: Oasis International Leasing Company PJSC (OILC) 1.72 (0.58%), Abu Dhabi Islamic Bank (ADIB) 55.05 (0.09%) and First Gulf Bank (FGB) 13.85 (0.36%)

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