UAE markets 03 Sep 2007

UAE market news & discussions for 03 September 2007 The UAE markets today headed in opposite directions with the DFM falling on strong volume and the ADSM rising on steady volume. On the DFM the top traded share was itself falling 2.81% to 3.11 on turnover of 138 million shares. EMAAR also fell 1.35% to 10.90 on turnover of 96 million shares. On the ADSM the top traded share was ARKAN rising 0.58% to 1.74 on turnover of 35 million shares. ALDAR fell 0.70% to 7.05 on turnover of 23 million shares.

• Where is the end for this down trend?
• Stock Picks by technical Analysis September 2007
• 03 Sep 2007 business news Dubai and Abu Dhabi
• GLOBAL elects new BOD member - DFM 03 Sep 2007
• SHUAA EGM 02 Sep 07 - foreign ownership and AED 1.5 bn bonds
• ADCB signs escrow agreement with DLD - PR 02 Sep 2007
• NBD launches online banking in Arabic - PR 02 Sep 2007
• ETISALAT subsidiary EMIX establishes POP in Singapore - PR 02 Sep 07
• ADIB - board member resignation - 02 Sep 2007
• CBI Board meeting 11 Jul 2007 - CEO resignation
• ADCB buys a 41% stake in Gulf Merchant Group - PR 02 Sep 07
• ETISALAT & DU - may lose internet monopolies - R 03 Sep 2007
• NBD-EBI merger could be in trouble - ET 03 Sep 2007
• Gulf Merchant Group IPO
• DIC 2007 H1 profit AED 806m +48%, 2007 Q2 profit AED 368m +26%
• ARTC - Buy or Sell, what do the figures tell us?
• DFM 2007 profit Q2 AED 185m, H1 AED 748m
• AMLAK 2007 Q2 profit +86.4% to AED 82m, H1 profit +31% to AED 106m
• 02 Sep 2007 Dubai, Abu Dhabi, UAE financial news
• DIFC co-hosts China-Middle East Investment Forum - PR 02 Sep 2007
• NRE - AGM 04 Sep 07 to elect new BOD after resignations - 14 Aug 07
• SHOP - clarifies Al Madina project profit - DFM 02 Sep 07
• 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

More UAE stock market news and discussions...

best stock rises symbol price change GCEM 6.33 +0.25 +4.1% FCI 4.62 +0.18 +4.1% OIC 8.50 +0.25 +3% DNIR 3.60 +0.09 +2.6% NMDC 4.80 +0.12 +2.6%

worst stock falls symbol price change ABNIC 8.00 -0.58 -6.8% GLOBAL 10.50 -0.70 -6.3% UNION 1.94 -0.11 -5.4% ASMAK 5.71 -0.26 -4.4% BOS 2.87 -0.10 -3.4%

top volume symbol value (AED) price EMAAR 1,067,095,272 10.90 DFM 439,476,285 3.11 ALDAR 166,963,741 7.05 AMLAK 79,048,246 3.17 AIRARABIA 70,723,990 1.23

Dubai Financial Market

The DFM index finished at 4,249 a fall of 1.05% from the previous close. 378 million shares traded worth 1.8 billion dirhams. Five shares advanced and eighteen declined.
The top traded share was DFM falling 2.81% to 3.11 dirhams on turnover of 138 million shares.

Other shares to fall included: AIRARABIA 1.23 (1.60%), Amlak Finance Company (AMLAK) 3.17 (1.85%), Emaar Properties PJSC (EMAAR) 10.90 (1.35%) and GULFNAV 1.28 (0.77%).

Shares to rise on modest volume included: ARAMEX 2.59 (1.56%) and MAZAYA 7.30 (1.38%).

Abu Dhabi Securities Market

The ADSM index finished at 3,464 a rise of 0.47% from the previous close. 118 million shares traded worth 442 million dirhams. Thirteen shares advanced and nineteen declined.
The top traded share was ARKAN rising 0.58% to 1.74 dirhams on turnover of 35 million shares.

Other shares to rise included: Emirates Telecommunications Company (ETISALAT) 17.95 (2.28%), Gulf Cement Company (GCEM) 6.33 (4.11%), Ras Al Khaimah Cement Company (RAKCC) 2.15 (0.94%) and Sorouh Real Estate (SOROUH) 4.45 (0.23%).

Shares to fall included: Aldar Properties PJSC (ALDAR) 7.05 (0.70%), Oasis International Leasing Company PJSC (OILC) 1.71 (0.58%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.62 (1.22%) and ABAR 3.66 (0.54%)

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