UAE markets 21 Oct 2007

UAE market news & discussions for 21 October 2007 An excellent days trading on UAE markets today. The DFM index rose 3.24% to 4,898 and the ADSM index rose 4.48% to 4,210. Both these rises were on strong volumes. On the DFM three shares AIRARABIA, AMLAK and DEYAAR all traded more than 100 million shares each, all rising on the day. On the ADSM, ABAR, DANA and OILC topped trading all rising by 3% or better. In corporate news EMAAR announced a 60b AED JV with AL BAWADI. Dubai bank announced 2007 9MQ3 results 125 million AED profit an increase of 510% from 2006. DP World announces a float to open in November.

• DP World IPO from 04-15 Nov 2007 - R 21 Oct 2007
• DP World IPO might launch on Sunday? FT 20 Oct 2007
• 21 Oct 2007 UAE Dubai, Abu Dhabi business news
• EMAAR Dubai Holding JV > AED 60bn Bawadi project - 20 Oct 2007
• ETISALAT seeking 20% stake in Omantel - 17 Oct 2007
• Dubai Bank 2007 Q3 profit up 540% to AED 125m - PR 20 Oct 2007
• AMLAK Egypt official launch? DFM 21 Oct 2007
• NCTH new AED 1 bn hotel by 2010 - WAM 20 Oct 2007
• DANA sukuk up by AED 460m to 3.7 bn - PR 21 Oct 2007
• First Gulf Bank Algeria - R 21 Oct 2007
• PALTEL 2007 Q3 results - BOD meeting 21 October 2007
• GFH 2007 Q3 results - meeting 22 Oct 2007
• DFM net foreign investment AED 1.3 bn last week - PR 20 Oct 2007
• Insider trades ADSM DFM October 2007
• 2007 Q3 results & forecasts
• TAQA 2007 Q3 results - expected 01 Nov 2007
• ARMX 2007 Q3 profit forecasts AED 32-34m, expected 31 Oct 2007
• AABAR 2007 Q3 results - expected 31 Oct 2007
• TABREED 2007 Q3 profit forecast AED 16.5-26m, due 28 Oct 07?
• Market Watch
• OEIHC ups stake in Oman Hotels & Tourism to 60% - 18 Oct 2007
• UIC 2007 Q3 results - no BOD meeting 27 Oct 2007
• UNION 2007 Q3 results - BOD meeting 27 Oct 2007
• ALDAR 2007 Q3 profit forecast, BOD meeting 24 Oct 2007
• DP World to spend AED 1.1 bn on security - GN 20 Oct 2007

More UAE stock market news and discussions...

best stock rises symbol price change ENBD 15.55 +2.00 +14.8% TABREED 3.39 +0.35 +11.5% NBQ 5.88 +0.53 +9.9% NBAD 24.30 +1.85 +8.2% ETISALAT 21.95 +1.65 +8.1%

worst stock falls symbol price change NBF 3.54 -0.38 -9.7% ADNH 7.61 -0.37 -4.6% NCTH 5.30 -0.25 -4.5% QTEL 219.60 -8.10 -3.6% UAB 6.94 -0.25 -3.5%

top volume symbol value (AED) price DEYAAR 499,560,102 2.02 OILC 464,756,590 2.85 AMLAK 444,371,933 4.02 EMAAR 413,154,151 11.95 DIC 379,493,834 5.02

Dubai Financial Market

The DFM index finished at 4,898 a rise of 3.24% from the previous close. 1 billion shares traded worth 3.5 billion dirhams. Twenty five shares advanced and two declined.
The top traded share was DEYAAR rising 1.50% to 2.02 on 246 million shares traded.

Other shares to rise included: AIRARABIA 1.69 (2.42%), Amlak Finance (AMLAK) 4.02 (8.06%), ARAMEX 3.09 (6.92%), DFM 4.26 (1.42%), GULFNAV 1.40 (1.44%), UNION 4.03 (5.22%), Emaar Properties (EMAAR) 11.95 (3.01%), Tabreed (TABREED) 3.39 (11.51%) and Emirates NBD (ENBD) 15.55 (14.76%).

Two shares fell on modest volume GFH 9.10 (0.76%) and OIC 8.95 (0.33%).

Abu Dhabi Securities Market

The ADSM index finished at 4,210 a rise of 4.48% from the previous close. 612 million shares traded worth 2.3 billion dirhams. Twenty eight shares advanced and eleven declined.
The top traded share was Oasis Leasing (OILC) rising 6.34% to 2.85 dirhams on 163 million shares traded.

Other shares to rise included: ABAR 4.45 (4.22%), Dana Gas (DANA) 1.90 (3.26%), Abu Dhabi National Energy (TAQA) 3.48 (6.42%).

Shares to fall included: Aldar Properties (ALDAR) 9.21 (0.54%), RAK Properties (RAKPROP) 1.90 (0.52%) and RAK Cement (RAKCC) 2.22 (2.20%)

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