UAE markets 10 Sep 2007

UAE market news & discussions for 10 September 2007 Both UAE indicies fell today by less than one percent on dismal volume. In other market news; Following the International Investment Group listing on DFM yesterday, another Kuwait company, Gulf Petroleum Investment, listed today ending up 8.69% with a handful of trades going through. A third Kuwait company, Al Madina Finance, will list on DFM tomorrow. Amlak look like they'll go ahead with a 5% share buy back. There was news of a 4.5 billion riyal lawsuit against Emaar in, or from, Saudi, another knock for Emaar shareholders. Etisalat were reported to be doubling their stake in Pakistan Telecom.

• SHUAA EGM 02 Sep 07 - foreign ownership and AED 1.5 bn bonds
• 09 Sep 2007 Dubai and Abu Dhabi stocks and business news
• UAE GDP up 23.4% to AED 600 bn in 2006 - GN 10 Sep 2007
• AMLAK share buyback
• Where is the end for this down trend?
• 10 Sep 2007 UAE business & financial news
• IIG - International Investment Group - DFM listing on 09 Sep 2007
• DU mobile coverage in the UAE expands - PR 09 Sep 2007
• EMAAR - lawsuit in Saudi Arabia for SR 4.5 bn - 09 Sep 2007
• Velcan Energy IPO
• Emirates to double SriLankan fleet size - R 08 Sep 2007
• Etisalat to allow foreign ownership of shares... 30 Mar 2006
• ETISALAT & Mubadala to provide mobile services in Nigeria PR 08 Sep 07
• ALDAR - Oberoi to develop Yas Island & Al Raha Beach hotels PR 08 Sep 07
• ETISALAT may double stake in Pakistan Telecom - R 09 Sep 2007
• GFH - Lost Paradise of Dilmun opening success PR 09 Sep 2007
• NBD shareholders approve EBI merger - R 06 Sep 2007
• UAB BOD meeting 12 Sep 2007
• NCTH buys land for hotel development - 09 Sep 2007
• OEIHC buys 2.16% stake in Al Barari Dubai for AED 33m - 09 Sep 07
• AMLAK - BUY or SELL, what do the figures tell us?
• Online trading at DFM or ADSM information and discussion
• UAE growth down to 8.5% in 2007 says ADCB - GN 08 Sep 2007
• EMAAR - launch of Park View Villas in Turkey - PR 06 Sep 2007
• EBI to borrow AED 3.7 bn - R 07 Sep 2007

More UAE stock market news and discussions...

best stock rises symbol price change QCEM 2.79 +0.24 +9.4% OEIHC 18.45 +1.45 +8.5% ASMAK 5.81 +0.41 +7.6% FCI 4.45 +0.25 +6% WARE 20.00 +0.60 +3.1%

worst stock falls symbol price change GRAND 5.22 -0.88 -14.4% UNION 1.94 -0.21 -9.8% OIC 8.70 -0.45 -4.9% UAB 6.54 -0.25 -3.7% NBAD 18.10 -0.60 -3.2%

top volume symbol value (AED) price DEYAAR 231,216,387 1.80 DFM 138,448,359 3.03 AMLAK 101,584,560 3.17 EMAAR 65,009,111 10.50 ALDAR 55,264,595 6.71

Dubai Financial Market

The Dubai Financial Market index finished at 4,173 down 0.39% from the previous close. 248 million shares traded worth 636 million dirhams. Five shares advanced and eighteen declined.
DEYAAR continued to top the trading falling 0.55% to 1.80 dirhams on turnover of 127 million shares.

Other shares to fall included: AIRARABIA 1.19 (0.83%), DFM 3.03 (0.65%) and Emaar Properties PJSC (EMAAR) 10.50 (0.47%).

Shares to rise included: Amlak Finance Company (AMLAK) 3.17 (2.25%), New stock GPI 6.00 (8.69%) and Commercial Bank of Dubai (CBD) 8.65 (2.12%).

Abu Dhabi Securities Market

The ADSM index finished at 3,398 down 0.72% from the previous close. 48 million shares traded worth 162 million dirhams. Twelve shares advanced and twenty two declined.
Oasis International Leasing Company PJSC (OILC) topped trading finishing down 1.16% at 1.71 dirhams on turnover of 10 million shares.

Other shares to fall included: Aldar Properties PJSC (ALDAR) 6.71 (1.76%), Dana Gas PJSC (DANA) 1.59 (0.63%) and Sorouh Real Estate (SOROUH) 4.36 (1.36%)

Shares to rise included: Commercial Bank International (CBI) 2.29 (0.44%), FCI 4.45 (5.95%) and Ras Al Khaimah White Cement Company (RAKWCT) 2.16 (0.47%).

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