UAE markets 26 Nov 2007

UAE market news & discussions for 26 November 2007 A subdued days trading on UAE local markets today. The DFM index finished down 0.73% and the ADSM index finished up 0.51% both on relatively modest volumes. On the DFM, DEYAAR was the top traded share falling 1.06% to 2.80 dirhams. On the ADSM, ARKAN was the top traded share rising 1.64% to 3.09 dirhams. On DIFX, DPW listed rising to $1.37 on turnover of 264 million shares. Trading should pick up as allocations are confirmed for subscribers to the IPO. In other business news: SHUAA has gained approval to start a financial brokerage in Saudi Arabia. Stock reports available this week for Dubai Islamic Bank (OVERWEIGHT) from TAIB, UAE banks from HC Securities, and Air Arabia (ACCUMULATE/BUY) from EFG Hermes.

• DP World lists today, welcome says the DIFX - PR 26 Nov 07
• DP World shares - 26 Nov 2007 opening price poll
• Market Watch November 2007
• DP World shares allotted but not transferred
• DPW IPO - Rasmala Deutsche Bank Merrill Lynch clients miss out
• DPW shares "surge" 11% in early trading R 26 Nov 07
• Refunds
• TAMWEEL report HC Securities HOLD FV 3.98 - 08 May 2007
• DIB report TAIB OVERWEIGHT - FV 11.87 - 20 Nov 07
• HC Securities report ADCB ADIB CBD DIB ENBD FGB NBAD UNB 20 Nov 07
• DPW trading - 26 November
• 26 November 2007 financial and business news for the UAE
• TAMWEEL AMLAK report from Goldman Sachs 02 Oct 07
• Air Arabia EFG-Hermes report FV 2.10 [BUY] - 22 Nov 07
• TAMWEEL report HC Securities H1 summary 31 Jul 07
• Analysts Report 25 Nov 07
• DP World $150m phase I contract for India terminal to Simplex 24 Nov 07
• Online broker suggestions? EIS or Daman?
• DP World IPO price $1.30, 15x oversubscribed - analysis - 21 Nov 2007
• Saudi Telecom, Etisalat Bid for Kuwait's Third Mobile License 25 Nov 07
• DPW staff IPO allocation 100%?
• Day Trading Software for DFM and ADSM
• DIC 2007 FY profit forecast AED 1.43 billion
• FGB report from TNI FV AED 20.20 - 25 Nov 07
• EMAAR Jeddah Hills problems? AME 17 Nov 2007

More UAE stock market news and discussions...

best stock rises symbol price change INVESTB 3.64 +0.33 +10% ASMAK 6.31 +0.56 +9.7% AKIC 1.66 +0.13 +8.5% ADNIC 9.00 +0.55 +6.5% TKFL 5.68 +0.28 +5.2%

worst stock falls symbol price change WARE 17.00 -3.00 -15% OEIHC 29.50 -2.90 -9% NMDC 5.54 -0.52 -8.6% RAKBANK 7.20 -0.55 -7.1% DIN 30.45 -1.60 -5%

top volume symbol value (AED) price DEYAAR 743,384,592 2.80 DFM 447,193,720 6.43 AIRARABIA 364,378,714 1.85 EMAAR 252,223,145 12.70 ARKAN 158,316,181 3.09

Dubai Financial Market

The DFM index closed at 5,366 a fall of 0.73% from the previous close. 669 million shares traded worth 2.2 billion dirhams. Six shares advanced and eighteen declined.
The top traded shares was DEYAAR falling 1.06% to 2.80 dirhams on volume of 260 million shares.

Other shares to fall included: Amlak Finance (AMLAK) 4.22 (2.08%), DFM 6.43 (1.07%), Emaar Properties (EMAAR) 12.70 (1.93%) and GULFNAV 1.61 (1.82%). AIRARABIA finished steady on 1.85 dirhams on volume of 194 million shares traded.

Shares to rise included: Aramex (ARMX) 2.94 (0.34%), Union Properties (UPP) 4.14 (0.24%) and Emirates NBD (ENBD) 13.25 (1.14%).

Abu Dhabi Securities Market

The ADSM index closed at 4,206 an increase of 0.51% from the previous close. 153 million shares traded worth 625 milion dirhams. Twenty eight shares advanced and eleven declined.
The top traded share was ARKAN rising 1.64% to 3.09 dirhams on volume of 51 million shares traded.
Both RAK Properties (RAKPROP) 2.03 and Oasis Leasing (OILC) 2.43 finished steady on reasonable trading volumes.

Other shares to rise included: Aabar Petroleum (AABAR) 3.76 (0.53%), TKFL 5.68 (4.80%), Aldar Properties (ALDAR) 9.77 (0.41%), Etisalat (ETISALAT) 21.55 (0.47%) and Sorouh Real Estate (SOROUH) 6.86 (2.69%).

Shares to fal included: RAK White Cement (RAKWCT) 2.17 (3.13%), RAK Cement (RAKCC) 2.12 (0.47%), SIB 3.22 (1.83%) and Union National Bank (UNB) 9.30 (3.53%).

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