UAE markets 28 Oct 2007

UAE market news & discussions for 28 October 2007 A booming day on the DFM market today with the index closing at 5,150 a rise of 3.64%. 1.7 billion shares traded worth a staggering 5.6 billion dirhams. Five shares had trading volumes over 100 million with DEYAAR topping trading rising 7.54% to 2.28 dirhams on turnover of 750 million shares. DFM released its 2007 M9Q3 results with total profits from operating activities reaching AED 397 million. The shares responded by closing limit up (15%) at 4.83 dirhams. The ADSM index finished at 4,291 a rise of 0.51% on 338 million shares traded. OILC topped trading rising 3.99% to 2.87 dirhams on turnover of 128 million shares traded. Other results released included: NIND, SALAM and Al DHAFRA.

• Risky stocks
• Market Watch
• DFM 2007 Q3 profit AED 117m , M9 865m 27 Oct 2007
• 28 October 2007 UAE Dubai, Abu Dhabi business news
• DFM net foreign investment down to Dh 577 last week - PR 27 Oct 2007
• SHJ airport Expanding because of Air Arabia 27 Oct 2007
• DHAFRA 2007 Q3 profit AED 12m +16%, M9 44m +10% 28 Oct 2007
• Market heading North or South !!!
• ALDAR 2007 Q3 profit AED 506m misses forecast - 24 Oct 2007
• FCI 2007 Q3 profit AED 47m +11%, M9 136m +12% 25 Oct 2007
• Insider trades ADSM DFM October 2007
• UIC 2007 M9 profit AED 21m +1,339% 25 Oct 2007
• 2007 Q3 results & forecasts
• SALAM 2007 Q3 profit AED 19m -18%, M9 71m -3% 25 Oct 2007
• RAKBANK 2007 Q3 profit AED 110m +50%, M9 292m +51% 24 Oct 2007
• NIND 2007 Q3 profit AED 659m +74%, M9 2.75bn +102% 25 Oct 2007
• GMPC 2007 Q3 profit AED 9m +52%, M9 41m +83% 24 Oct 2007
• GLOBAL 2007 Q3 profit AED 201m -26%, M9 817m +12% 25 Oct 2007
• BOS 2007 M9 profit AED 247m -6% 24 Oct 2007
• AOIC 2007 Q3 profit AED 27m +6%, M9 90m +32% 25 Oct 2007
• ADNH 2007 Q3 profit AED 66m -6%, M9 328m +63% 25 Oct 2007
• 27 October 2007 shares and financial news for DFM and ADSM
• DP World share price 16.33 dhs? And analysis - 26 Oct 2007
• HHLA Hamburg Port IPO
• AGTHIA signs MOU to acquire Ice Crystal - PR 24 Oct 2007

More UAE stock market news and discussions...

best stock rises symbol price change DFM 4.83 +0.63 +15% AMAN 32.45 +2.65 +8.9% ASMAK 6.41 +0.51 +8.6% INVESTB 4.02 +0.32 +8.6% NCTH 6.50 +0.50 +8.3%

worst stock falls symbol price change ADNH 8.70 -0.35 -3.9% UNION 2.15 -0.08 -3.6% AKIC 1.65 -0.05 -2.9% DRIVE 3.22 -0.08 -2.4% NBAD 23.25 -0.45 -1.9%

top volume symbol value (AED) price DEYAAR 1,661,445,107 2.28 DFM 679,748,820 4.83 DIC 579,545,174 5.41 AMLAK 492,504,038 4.61 GULFNAV 434,044,884 1.50

Dubai Financial Market

The DFM index finished at 5,150 an increase of 3.64% from the previous close. 1.7 billion shares traded worth 5.6 billion dirhams. Twenty three shares advanced and one declined.
The top traded share was DEYAAR rising 7.54% to 2.28 dirhams on turnover of 750 million shares traded.

Other shares to rise included: Amlak Finance (AMLAK) 4.61 (3.59%), DFM 4.83 limit up 15%), Dubai Investments (DIC) 5.41 (4.64%), GULFNAV 1.50 (4.89%), Islamic Arab Insurance (IAIC) 3.80 (7.04%) and UNION 4.49 (3.69%).

Shares to fall included: ALMADINA 10.05 (0.49%).

Abu Dhabi Securities Market

The ADSM index closed at 4,291 an increase of 0.51%. 338 million shares traded worth 1.3 billion dirhams. Thirty one shares advanced and fourteen declined.
The top traded share was Oasis Leasing (OILC) rising 3.99% to 2.87 dirhams on turnover of 128 million shares traded.

Other shares to rise included: Aabar Petroleum (AABAR) 4.30 (2.87%), ARKAN 2.02 (2.54%), Dana Gas (DANA) 1.88 (1.62%), Sorouh Real Estate (SOROUH) 6.01 (0.67%) and Abu Dhabi National Energy (TAQA) 3.49 (1.16%).

Shares to fall included: Etisalat (ETISALAT) 22.90 (0.43%), RAK Cement (RAKCC) 2.14 (0.47%), ADNH 8.70 (3.87%) and RAK Bank (RAKBANK) 7.25 (0.68%).

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.