UAE markets 04 Nov 2007

UAE market news & discussions for 04 November 2007 Another strong day on UAE markets today. Both indicies rose by around 1% with turnover of one billion shares on both markets. On the DFM, DEYAAR topped trading rising 2.69% to 2.29 dirhams on turnover of 307 million shares. DFM rose 10.35% to 5.65 dirhams on turnover of 186 million shares. On the ADSM, ARKAN, DANA, RAKPROP and TAQA were all up more than 5% on large turnover. In other news, DP World IPO opens today. Indicative share price has been set at $1 to $1.30, valuing the company at $21.58 billion dollars.

• DP World IPO opens today - expensive shares at $1? 04 Nov 2007
• Market Watch November 2007
• SOROUH 2007 Q3 profit AED 220m +39%, M9 770m +370% 30 Oct 2007
• DIC 2007 Q3 profit AED 268m +34%, M9 1.07bn +44% 01 Nov 2007
• DFM foreign investment tripled in week ending 01 Nov 2007
• 04 Nov 2007 shares and financial news for DFM and ADSM
• DANA - Iran pipe complete? Iraq plans - ANI 03 Nov 2007
• Any stock picks at these high levels
• ETISALAT to borrow AED 2.9 bn to finance Egypt unit - R 03 Nov 2007
• Imp, Sunday Arabtec may be open for buyers - foreigners!
• A Bigger picture - R 31 Oct 2007
• ENBD 2007 M9 profit AED 2.52bn 01 Nov 2007
• ENBD- Is it a value stock ?
• 03 November 2007 UAE Dubai, Abu Dhabi business news
• ALDAR convertible sukuk & share capital increase - 24 Oct 2007
• 02 November 2007 UAE Dubai, Abu Dhabi business news
• Nakheel REIT plans and possible IPO - TT 02 Nov 2007
• SOROUH to borrow AED 3.7 bn - BB 31 Oct 2007
• DIB 2007 Q3 profit up to 390m, misses forecasts - R 30 Oct 2007
• Insider trades DFM November 2007
• TABREED 2007 Q3 profit AED 15m +5%, M9 49m +5% 01 Nov 2007
• EBI 2007 Q3 profit AED 1.78bn +30%, M9 578m +47% 01 Nov 2007
• DFM granted AED 280m land by Dubai Government 30 Oct 2007
• Market Watch October 2007
• DFM companies off to New York in November - GN 27 Aug 2007

More UAE stock market news and discussions...

best stock rises symbol price change DFM 5.65 +0.53 +10.4% ARKAN 2.57 +0.22 +9.4% FCI 5.04 +0.45 +9.8% UNION 2.34 +0.19 +8.8% RAPCO 3.98 +0.32 +8.7%

worst stock falls symbol price change SALAM 18.50 -2.30 -11.1% NMDC 5.72 -0.61 -9.6% DIN 51.45 -2.70 -5% INVESTB 3.70 -0.14 -3.6% OIC 9.15 -0.25 -2.7%

top volume symbol value (AED) price DFM 1,010,928,793 5.65 EMAAR 925,525,422 13.60 DEYAAR 698,197,344 2.29 RAKPROP 633,229,003 2.19 AABAR 491,314,063 4.49

Dubai Financial Market

The DFM index closed at 5,404 a rise of 1.08% from the previous close. One billion shares traded worth 4.2 billion dirhams. Fourteen shares advanced and nine declined.
The top traded share was DEYAAR closing 2.69% higher at 2.29 dirhams on volume of 307 million shares traded.

Other shares to rise on strong volumes included: DFM 5.65 (10.35%), Dubai Investments (DIC) 5.55 (1.27%) and GULFNAV 1.52 (4.10%).

Shares to fall included AIRARABIA 1.68 (0.59%), Amlak Finance (AMLAK) 4.66 (0.85%), ARAMEX 3.16 (1.25%) and Du Telecom (DU) 5.05 (0.19%).

Abu Dhabi Securities Market

The ADSM index closed at 4,382 a rise of 0.94% from the previous close. One bilion shares traded worth 3.2 billion dirhams. Thirty two shares advanced and thirteen declined.
The top traded share was RAK Properties (RAKPROP) rising 6.83% to 2.19 dirhams on volume of 289 million shares traded.

Other shares to rise included: Aabar Petroleum (AABAR) 4.49 (3.70%), ARKAN 2.57 (9.36%), Dana Gas (DANA) 2.18 (8.46%), RAK Cement (RAKCC) 2.30 (4.55%) and Abu Dhabi National Energy (TAQA) 3.84 (6.37%).

Shares to fall included: Oasis Leasing (OILC) 2.86 (1.04%), Etisalat (ETISALAT) 21.95 (1.35%) and Sudan Telecom (SUDATEL) 8.11 (0.12%).

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