UAE markets 23 Oct 2007

UAE market news & discussions for 23 October 2007 Both UAE markets finished higher today. The DFM index rose 1.66% to 4,915 and the ADSM index rose 0.88% to 4,144. AMLAK was the top traded share on DFM rising 8.14% to 4.25 dirhams on turnover of 139 million shares. OILC was the top traded share on ADSM rising 0.72% to 2.81 dirhams on turnover of 118 million shares. 2007 3Q results were released by UIC, NBF, EIB, RAKWCT and ETISALAT. TAMWEEL expects continuing price growth in the DUBAI realestate through 2008, underpinned by 25,000 to 30,000 new residents arriving per month.

• NBAD lists 3 funds on DFM - 04 Oct 2007
• Market Watch
• 23 Oct 2007 UAE Dubai, Abu Dhabi business news
• ALFIRDOUS Manasek new listing
• UIC 2007 Q3 results - BOD meeting 24 Oct 2007
• NBF 2007 Q3 results - BOD meeting date 29 Oct 2007
• DP World IPO dates and conditions - PR 21 Oct 2007
• Looking for info on how to get leverage on my shares/cash??
• EIB 2007 Q3 profit AED 144m +88% - 18 Oct 2007
• RAKWCT 2007 Q3 profit AED 48m +136%, M9 126m +1,360% - 18 Oct 07
• ETISALAT 2007 Q3 profit AED 1.80bn +15%, M9 5.53bn +26% 15 Oct 07
• Etisalat to allow foreign ownership of shares... 30 Mar 2006
• ETISALAT takes majority stake in 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
• 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
• AMLAK 2007 Q3 profits AED67m +94% beats forecast - 03 Oct 2007
• 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

More UAE stock market news and discussions...

best stock rises symbol price change SALAM 15.75 +2.05 +15% AMAN 29.90 +3.05 +11.4% NMDC 5.80 +0.52 +9.8% OEIHC 23.65 +2.00 +9.2% NCTH 6.00 +0.50 +9.1%

worst stock falls symbol price change DANA 1.86 -0.04 -2.1% ALMADINA 10.00 -0.20 -2% AABAR 4.37 -0.08 -1.8% ASMAK 5.76 -0.10 -1.7% ADCB 6.94 -0.12 -1.7%

top volume symbol value (AED) price AMLAK 571,180,409 4.25 DIC 360,482,296 5.16 OILC 332,901,494 2.81 EMAAR 262,441,149 11.90 DFM 179,466,077 4.19

Dubai Financial Market

The DFM index closed at 4,915 a rise of 1.66% from the previous close. 584 million shares traded worth 2.5 billion dirhams. Twenty shares advanced and five declined.
The top traded share was Amlak Finance (AMLAK) rising 8.14% to 4.25 dirhams on turnover of 139 million shares traded.

Other shares to rise included: AIRARABIA 1.68 (0.59%), ARABTEC 7.60 (7.95%), DEYAAR 2.01 (1.00%), DFM 4.19 (2.44%), GULFNAV 1.39 (1.45%) and Tabreed (TABREED) 3.34 (2.14%).

Shares to fall included: Shuaa Capital (SHUAA) 6.77 (1.16%) and Emirates NBD (ENBD) 15.75 (1.56%)

Abu Dhabi Securities Market

The ADSM index closed at 4,144 a rise of 0.88% from the previous close. 280 million shares traded worth 1.16 billion dirhams. Twenty five shares advanced and nineteen declined.
The top traded share was Oasis Leasing (OILC) rising 0.72% to 2.81 dirhams on turnover of 118 million shares traded.

Other shares to rise included: Abu Dhabi Islamic Bank (ADIB) 61.45 (3.02%), AGTHIA 2.05 (0.99%), Etisalat (ETISALAT) 21.65 (2.61%) and Sorouh Real Estate (SOROUH) 5.95 (0.50%).

Shares to fall included: ABAR 4.37 (1.80%), Aldar Properties (ALDAR) 8.96 (0.33%), Dana Gas (DANA) 1.86 (2.11%) and Abu Dhabi National Energy (TAQA) 3.61 (1.10%).

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