UAE markets 30 Oct 2007

UAE market news & discussions for 30 October 2007 A split day on UAE markets today with the DFM index closing 1.38% up and the ADSM index falling by 1.32%. On the DFM, DEYAAR, DFM and DIC were the top traded shares all rising by more than 1.5%. After a strong finish yesterday ARTC fell by 4.98% today. Mashreq Bank released the following results 2007 Q3 profit 396m -13%, M9 1.35 bn +21%. On the ADSM, ARKAN topped trading closing 0.47% higher at 2.12 dirhams on 84 million shares traded. AABAR results: 2007 Q3 net profit AED 19m, Operating profit for M9 was AED 188m. Revenue and gross profit more than doubled, however substantial increases in costs meant that net profit was down by a third compared to 2006M9.

• AABAR 2007 Q3 profit AED 19m -30%, M9 44m -52% 30 Oct 2007
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• MASQ 2007 Q3 profit AED 396m -13%, M9 1.35bn +21% 30 Oct 2007
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• 30 October 2007 shares and financial news for DFM and ADSM
• AGTHIA 2007 Q2 profit AED 11m +11%, H1 20m +21% - Jul 2007
• AGTHIA 2007 Q3 profit AED 9m +26%, M9 29m +22% 29 Oct 2007
• JULPHAR 2007 Q3 profit AED 43m +74%, M9 105m +90% 29 Oct 2007
• AHI 2007 Q3 profit AED 14m +98%, M9 37m +99% 29 Oct 2007
• NGI 2007 Q3 profit AED 12m -7%, M9 53m +337% 29 Oct 2007
• SALAM 2007 Q3 profit AED 19m -18%, M9 71m -3% 25 Oct 2007
• Insider trades ADSM DFM October 2007
• SHJ airport Expanding because of Air Arabia 27 Oct 2007
• ARTC 2007 Q3 profits blitz forecast, +270% to AED 170m - 29 Oct 2007
• ARTC - Buy or Sell, what do the figures tell us? 01 Sep 2007
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• EMAAR to develop more land in Dubai - R 28 Oct 2007
• SCIDC 2007 Q3 profit AED 69m +64%, M9 236m +27% 29 Oct 2007
• CBI 2007 M9 profit AED 174m +1,339% 29 Oct 2007 ... maybe?
• ADIB 2007 Q3 profit AED 137m +21%, M9 483m +19% 28 Oct 2007
• DIC real estate investment in Saudi - GN 29 Oct 2007
• ALDAR p/e, AABAR OILC DANA and ADSM stocks

More UAE stock market news and discussions...

best stock rises symbol price change IFA 10.65 +1.35 +14.5% EIC 10.25 +0.90 +9.6% QTEL 233.30 +18.00 +8.4% FOODCO 4.76 +0.32 +7.2% UNION 2.30 +0.13 +6%

worst stock falls symbol price change RAPCO 3.85 -0.40 -9.4% FBICO 1.82 -0.18 -9% NMDC 5.50 -0.49 -8.2% ARTC 8.39 -0.44 -5% FH 6.62 -0.31 -4.5%

top volume symbol value (AED) price ALDAR 427,813,368 9.22 DEYAAR 423,984,111 2.24 DFM 367,625,440 5.16 DIC 364,588,765 5.44 EMAAR 299,063,609 12.25

Dubai Financial Market

The DFM index closed at 5,192 an increase of 1.38% from the previous close. 755 million shares traded worth 2.8 billion dirhams. Twenty two shares advanced and two declined.
The top traded share was DEYAAR rising 1.81% to 2.24 dirhams on turnover of 191 million shares traded.

Other shares to increase included: Amlak Finance (AMLAK) 4.64 (1.08%), DFM 5.16 (1.77%), Dubai Investments (DIC) 5.44 (2.06%), Emaar Properties (EMAAR) 12.25 (1.23%), GULFNAV 1.47 (1.37%), Islamic Arab Insurance (IAIC) 3.83 (2.40%) and Tamweel (TAMWEEL) 5.87 (5.63%).

Shares to fall included: GFH 9.95 (1.48%) on one trade and Arabtec (ARTC) 8.39 (4.98%)

Abu Dhabi Securities Market

The ADSM index closed at 4,213 a decrease of 1.32% from the previous close. 323 million shares traded worth 1.4 billion dirhams. Twenty shares advanced and twenty seven declined.
The top traded share was ARKAN rising 0.47% to 2.12 dirhams on turnover of 84 million shares traded.

Other shares to increase included: Aabar Petroleum (AABAR) 4.27 (1.43%), Aldar Properties (ALDAR) 9.22 (2.33%), ARKAN 2.12 (0.47%), RAK Properties (RAKPROP) 1.90 (1.59%) and Sorouh Real Estate (SOROUH) 6.06 (1.34%).

Shares to fall included: Dana Gas (DANA) 1.86 (1.59%), AGTHIA 2.02 (3.53%), Oasis Leasing (OILC) 2.81 (2.09%) and Abu Dhabi National Energy (TAQA) 3.47 (1.14%).

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