UAE market news & discussions for 25 November 2007Both the ADSM and DFM had gains of about half a percent on lower volumes today. National Corporation for Hotels and Tourism (NCTH) and First Gulf Bank (FGB) in Abu Dhabi stood out with 5% and 4% gains respectively on active trading. First Gulf Bank were given a fair value rating of 20.20 dhs per share in a report from The National Investor. |
- 25 November 2007 financial and business news for the UAE
- Broker ratings
- DFM net foreign investment AED 53m week ending 22 Nov 07
- DIC 2007 FY profit forecast AED 1.43 billion
- DP World shares - opening price poll
- DPW institutional investors allotted 0 shares
- DPW staff IPO allocation 100%?
- DPW stocks can be traded on Reuters Order Routing - PR 24 Nov 07
- EK 2007 FY profit to double - ZDJ 24 Nov 07
- EMAAR Jeddah Hills problems? AME 17 Nov 2007
- Emaar may list on LSE London R 14 Nov 2007
- EMAAR gets told off by DFM - BB 22 Nov 07
- EMAAR considering DIFX listing? - R 22 Nov 07
- FGB report from TNI FV AED 20.20 - 25 Nov 07
- Market Watch November 2007
- Online broker suggestions? EIS or Daman?
- RAK Airways to Beirut from 29 Nov - PR 23 Nov 07
- SHUAA receives approval for Saudi brokerage 24 Nov 07
- TAMWEEL buys AED 2bn land in Dubai with Bonyan - PR 24 Nov 07
- 24 November 2007 shares and financial news for DFM and ADSM
More UAE stock market news and discussions...
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Dubai Financial Market
The DFMGI was up 0.59% to 5405 points from moderate turnover of AED 1.75 billion. The top three shares on value traded were the usual DEYAAR up 1.1%, DFM up 1.6%, and Emaar Properties (EMAAR) down 0.8%.
Arabtec (ARTC) was the top gainer on turnover greater than AED 1m dhs, with a 3.1% rise to 8.06. Other rises from Aramex (ARMX) up 2.5%, Tabreed (TABREED) up 2.3%, AMAN up 1.8%, Du Telecom (DU), AIRARABIA, Amlak Finance (AMLAK) all up about 1.65%, Islamic Arab Insurance (IAIC) up 1.6% and the rest of the gainers up less than 1.5%.
Only 5 losers today with only 2 trading more than AED 1m dhs worth. Emirates NBD (ENBD) down just 0.4%, and Emaar.
Abu Dhabi Securities Market
The ADSMI rose 0.5% from subdued turnover of AED 458m to close at 4186 points. ARKAN topped the traded value table with a 3.1% rise to 3.08, First Gulf Bank (FGB) was in second place with a 4.2% gain to 21.00.
Surprisingly high turnover from NCTH which rose 5.4% to close at 7.00. Other gains of note for TKFL up 9.5% to 5.44 and no sellers in the queue, Commercial Bank International (CBI) up 3.8% to 3.02, and NBS up 3.1%.
Union Cement (UCC) was the worst of the losers trading more than AED 1m dhs, with a 3.4% fall to 4.05. Aabar Petroleum (AABAR) fell 2.1%, National Bank of Abu Dhabi (NBAD) down 2%, Oasis Leasing (OILC) down 1.6%, Sorouh Real Estate (SOROUH) down 1.2%, and a handful of others fell less than 1% or on low volumes.
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