UAE markets 22 Oct 2007

UAE market news & discussions for 22 October 2007 What goes up must come down. Both UAE markets fell today, DFM by 1.27% and the ADSM by 2.44%. Volume was strong with over 500 million shares trading on both markets. On the DFM the top traded share was DEYAAR falling 1.48% to 1.99 dirhams on 164 million shares traded. On the ADSM the top traded share was OILC falling 2.11% to 2.79 dirhams on 192 million shares traded. TAMWEEL released 2007 9MQ3 profit results of 244 million AED. It was reported that QATAR/DUBAI were in talks to end the battle over OMX/LSE.

• ETISALAT takes majority stake in Zanzibar's Zantel - 22 Oct 2007
• SHUAA 2007 FY - CEO says may miss 20% ROE target - R 27 Mar 07
• SHUAA 2007 Q2 profit may fall. BOD meeting 30 Oct 2007
• Market Watch
• OILC 2007 Q3 results - BOD meeting date 24 Oct 2007
• OEIHC buy stake in Oman Hotels & Tourism ... and sell it 18-22 Oct 2007
• EMAAR 2007 Q3 profit AED 1.55bn -3%, M9 4.82bn +4% - 17 Oct 2007
• Looking for info on how to get leverage on my shares/cash??
• AMLAK 2007 Q3 profits AED67m +94% beats forecast - 03 Oct 2007
• DP World IPO dates and conditions - PR 21 Oct 2007
• ETISALAT 2007 Q3 profit AED 1.80bn +15%, M9 5.53bn +26% 15 Oct 07
• TAMWEEL 2007 Q3 profit AED 136 is 2x forecasts, M9 up 147% - 21 Oct 07
• 22 Oct 2007 shares and financial news for DFM and ADSM
• GFH raises AED 2.3 bn for Energy City India - PR 22 Oct 2007
• SALAM to buy 50% of Salam Bounian - 21 Oct 2007
• DP World IPO from 04-15 Nov 2007 - R 21 Oct 2007
• IMF report on UAE 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

More UAE stock market news and discussions...

best stock rises symbol price change SALAM 13.70 +1.75 +14.6% ADSB 4.49 +0.28 +6.7% DRC 15.95 +0.75 +4.9% TAQA 3.65 +0.17 +4.9% SHUAA 6.85 +0.25 +3.8%

worst stock falls symbol price change NMDC 5.28 -0.55 -9.4% FH 6.52 -0.49 -7% ARMX 2.90 -0.19 -6.1% INVESTB 3.61 -0.21 -5.5% FGB 18.60 -1.05 -5.3%

top volume symbol value (AED) price OILC 537,190,099 2.79 EMAAR 406,050,313 11.80 TAQA 363,258,113 3.65 DEYAAR 330,342,455 1.99 AMLAK 280,992,663 3.93

Dubai Financial Market

The DFM index closed at 4,835 a fall of 1.27% from the previous close. 698 million shares traded worth 2.5 billion dirhams. Eight shares advanced and seventeen declined.
The top traded share was DEYAAR falling 1.48% to 1.99 dirhams on turnover of 164 million shares.

Other shares to fall included: AIRARABIA 1.67 (1.18%), Amlak Finance (AMLAK) 3.93 (2.23%), Tabreed (TABREED) 3.27 (3.53%), DFM 4.09 (3.99%), Dubai Investments (DIC) 4.91 (2.19%) and GULFNAV 1.37 (2.14%).

Shares to rise included: Emirates NBD (ENBD) 16.00 (2.89%), Shuaa Capital (SHUAA) 6.85 (3.78%) and Tamweel (TAMWEEL) 5.02 (1.41%).

Abu Dhabi Securities Market

The ADSM index closed at 4,108 a fall of 2.44% from the previous close. 514 million shares traded worth 1.8 billion dirhams. Seven shares advanced and thirty one declined.
The top traded share was Oasis Leasing (OILC) falling 2.11% to 2.79 dirhams on turnover of 192 million shares.

Other shares to fall included: Aldar Properties (ALDAR) 8.99 (2.39%), ARKAN 1.99 (1.00%), Abu Dhabi National Energy (TAQA) 3.65 (4.89%).

Shares to rise included: Abu Dhabi ShipBuilding (ADSB) 4.49 (6.65%), NBS 3.27 (2.83%) and Union National Bank (UNB) 8.60 (0.70%).

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