UAE market news & discussions for 15 October 2007A great start to the week on the UAE markets after the Eid break with solid gains for most stocks on very robust trading volumes. Six out of the actively traded stocks on the DFM closed up by more than 5% with Air Arabia the best of them, rising by 9%. Aramex stood out with a big fall at the very end of the session. Oasis Leasing was the stock of the day at ADSM with almost limit up trading during the day and close to the highest traded value. |
- 15 Oct 2007 shares and financial news for DFM and ADSM
- Charts updated - interactive technical indicators included - 12 Oct 2007
- Live chatroom for UAE stocks
- ARMX 2007 Q3 profit forecasts AED 32-34m
- BOS Board meeting 24 October 2007 - agenda
- CBD 2007 Q3 profit forecast AED 195m - EFGHermes
- CBI BOD meeting 10 Oct 2007 - 2007 Q3 results?
- DFM 2007 Q3 profit forecast AED 122m - Mac Sharaf
- DU 2007 Q3 losses forecast AED 346m
- EMAAR 2007 Q3 profit forecast +10% or less, due 17 Oct 2007
- EMAAR MGF offices searched by Indian tax authorities ET 15 Oct 2007
- ETISALAT 2007 Q3 profits to surge - R 01 Oct 2007
- PALTEL 2007 Q3 results - BOD meeting 21 October 2007
- QTEL 2007 Q3 profits expected to increase - R 01 Oct 2007
- RAKWCT 2007 Q3 results - BOD meeting 18 Oct 2007
- TABREED 2007 Q3 profit forecast AED 16.5-26m
- TAMWEEL 2007 Q3 profit forecasts AED 55m-61m
- UAB 2007 Q3 profit AED 56m +29%, M9 151m +36% - 10 Oct 2007
- 14 Oct 2007 shares and financial news for DFM and ADSM
- 13 Oct 2007 UAE Dubai, Abu Dhabi business news
- 12 Oct 2007 shares and financial news for DFM and ADSM
More UAE stock market news and discussions...
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Dubai Financial Market
The DFMGI had one of its best days we've seen for a long time, closing up by a superb 3.1% to 4644 from a mammoth AED 3.1 billion of turnover. AIRARABIA topped the list of rises (ignoring the single trade for WARE) with a massive 9.1% jump to 1.68 from AED 372m dhs of traded value. Other big gains for Amlak Finance Company (AMLAK) up 7.9% to 3.67, DFM up 6.2% to 3.92, Arabtec Holding PJSC (ARTC) up 6.1% to 6.99, DEYAAR up 5.7% to 2.03 and Union Properties PJSC (UPP) up 5.7% to 3.71. Deyaar also dominated trading with almost 1 billion dhs worth of turnover, while Emaar Properties PJSC (EMAAR) was in second spot with a much lower AED 387m dhs worth and a decent 3% rise to 11.85.
Almost all other stocks rose between 0% and 5% except for the 3 that fell - ALMADINA, Arab Insurance Group (ARIG) and Aramex PJSC (ARMX) which plummeted nearly 6% to 2.61 in only the last minute of trading for the day, unusual trading activity which leads one to wonder if some bad news hit the market.
Abu Dhabi Securities Market
The ADSM index rose 0.9% from AED 1.48 billion of turnover to close at 3807 points with only 6 infrequently traded stocks falling today, and 35 stocks rising.
Oasis International Leasing Company PJSC (OILC) closed a solid 6.5% up at 2.36 from 278m dhs of traded value. ARKAN also had a strong day topping the traded value table with 282m dhs worth of deals and a 2.6% rise to 1.96. Other good rises for Sorouh Real Estate (SOROUH) up 3.4% to 5.34, Ras Al Khaimah Properties PJSC (RAKPROP) up 2.8%, AGTHIA up 2.6% and Aabar Petroleum Investments Company PJSC (AABAR) up 2.1%. Emirates Telecommunications Company (ETISALAT) rose just 0.8% to close at an even 19 dhs per share.
Out of the 6 stocks that fell in price today, none traded on more than 1m dhs of turnover.
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