UAE market news & discussions for 12 September 2007Speculation of a merger between NBAD and ADCB surfaced yet again. Emaar said nothing to worry about in regard to the Saudi lawsuit, and that newspaper reports were incorrect. Amlak's CEO was reported to have forecast a 70% rise in profits for 2007 but did not say they would be AED 222m. Amlak 2006 profit + 70% is about AED 222m. Aabar's EGM on Monday approved issuing a AED 4.4 bn sukuk, a name change to Aabar Energy, and the sale of the Dalma subsidiary. |
- DIC Heavy Trading....??
- DIC > M'Sharie / UPP > Emicool to build 2 DIP cooling plants PR 11 Sep 07
- Jazeera Airways KSE listing postponed to Nov 2007 - ET 11 Sep 2007
- The Arab World Online Transparency Index 2007
- DP World IPO
- 12 Sep 2007 Dubai, Abu Dhabi, UAE financial news
- ALMADINA for Finance & Investment - DFM listing 11 Sep 2007
- NBAD ADCB merger ... again ... 12 Sep 2007
- ARKAN BOD meeting 12 Sep 2007?
- AMLAK clarifies newspaper report - 2007 profit forecast - 12 Sep 2007
- EMAAR - lawsuit in Saudi Arabia for SR 4.5 bn - 09 Sep 2007
- AABAR general assembly meeting 19 Aug 2007 - Dalma sale?
- AABAR AED 4.4 bn convertible sukuk - R 11 Sep 07
- Dubai Ports World AED 15.4 bn IPO this year? R 11 Sep 2007
- Where is the end for this down trend?
- ALDAR launches AED 5.5 bn convertible Sukuk - 01 Feb 2007
- 11 Sep 2007 financial and business news for the UAE
- ALDAR share trading suspended 11 Sep 2007 - why?
- ALDAR convertible sukuk terms changed? No - ADSM 11 Sep 2007
- Dubai property not in a bubble says Omniyat CEO - AB 11 Sep 2007
- TAIB - 60% stake could be sold to Dubai Financial - R 10 Sep 2007
- AMLAK share buyback
- SHUAA Saudi expansion plans - R 10 Sep 2007
- SHUAA - 2007 Q2 profit may fall - R 10 Sep 2007
- SHUAA 2007 FY profit forecast AED 300m +15% - R 10 Sep 2007
More UAE stock market news and discussions...
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Dubai Financial Market
The DFM index finished at 4,203 an increase of 0.58% from the previous close. 365 million shares traded worth 1.3 billion dirhams. Thirteen shares advanced and six declined.
Dubai Investments PJSC (DIC) topped trading rising 1.83% to 4.43 dirhams on turnover of 158 million shares traded.
Other shares to increase included: DFM 3.08 (1.65%), Emaar Properties PJSC (EMAAR) 10.65 (0.94%), National General Cooling Company PJSC (TABREED) 2.42 (0.83%) and Amlak Finance Company (AMLAK) 3.16 (0.31%).
Shares to fall included: DEYAAR 1.81 (0.54%), GULFNAV 1.25 (0.79%) and ALMADINA 10.50 (0.94%).
Abu Dhabi Securities Market
The ADSM index finished at 3,419 a slight fall of 0.01% from the previous close. 38 million shares traded worth 138 million dirhams. Twelve shares advanced and twenty four declined.
Oasis International Leasing Company PJSC (OILC) topped trading falling 1.16% to 1.70 dirhams on turnover of 10 million shares traded.
Other shares to fall included: Dana Gas PJSC (DANA) 1.59 (0.63%), Aldar Properties PJSC (ALDAR) 6.76 (0.59%) and ABAR 3.65 (1.62%)
Shares to rise included: DRIVE 3.13 (1.62%), Invest Bank (INVESTB) 3.10 (5.08%), Abu Dhabi National Energy Company (TAQA) 2.73 (0.37%) and Abu Dhabi National Company for Building Materials (BILDCO) 3.85 (0.26%).
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