UAE market news & discussions for 28 November 2007The DFM went up and the ADSM went down with moderate trading volumes and Deyaar taking top stock spot today on turnover and price increase. DP World shares on the DIFX were unchanged at $1.29 with lower turnover of 150m shares ($191m, AED 700m). There were a handful of trades in Kingdom Hotels (unchanged) and Gold Fields (down 0.6%). |
- 28 November 2007 UAE Dubai, Abu Dhabi business news
- ADIA to invest AED 27.5 bn in Citigroup 27 Nov 07
- Air Arabia EFG-Hermes report FV 2.10 [BUY] - 22 Nov 07
- AMLAK report TAIB [OVERWEIGHT] - 22 Nov 07
- ASNIC capital increase 27 Nov 07
- DIB 2007 Q3 profit up to 390m, misses forecasts - R 30 Oct 2007
- DP World shares - 26 Nov 2007 opening price poll
- DP World shares not transferred - Rasmala / Mashreq Securities
- DPW IPO - Rasmala Deutsche Bank Merrill Lynch clients miss out
- IAIC 2007 Q3 profit AED 36m -12%, M9 100m -29% 11 Nov 2007
- Insider trades DFM November 2007
- Market Watch November 2007
- QTEL 2007 Q3 profit AED 420m -6%, M9 1.3bn +1% 12 Nov 2007
- QTEL report - Shuaa update for Q3 2007 - 21 Nov 07
- RAK Ceramics regional growth - GN 27 Nov 07
- TABREED 2007 Q3 profit AED 15m +5%, M9 49m +5% 01 Nov 2007
- Tabreed 2007 M9 note from Shuaa 20 Nov 07
- TAQA to buy Canada's Pioneer Natural unit for AED 2 billion - 23 Aug 07
- 27 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 had a hesitant gain of 0.5% to 5270 after falling to 5170 points early in the session. Trading volume was a reasonable AED 2.2 billion.
DEYAAR had a solid 4.5% gain to 2.81 from top turnover of 615m dhs. Other rises Du Telecom (DU) up 3.9% to 5.07, Islamic Arab Insurance (IAIC) up 3.5% to 3.22 and possibly buying back their own shares today, GULFNAV up 3.3% to 1.58, Aramex (ARMX) up 3.2% to 2.90. DFM, AIRARABIA and Arabtec (ARTC) all rose between 2% and 3%; Amlak Finance (AMLAK), Shuaa Capital (SHUAA), DIB, Tamweel (TAMWEEL) all rose 1%-2%.
Of the 8 losers, the top three were from a total of just 4 small trades. Tabreed (TABREED) was the worst of the more active shares, falling 2% to 2.94. Emirates NBD (ENBD) was down 1.9% to 13.00, Emaar Properties (EMAAR) fell 1.2% to 12.00, and Dubai Investments (DIC) and Union Properties (UPP) fell less than 1%.
Abu Dhabi Securities Market
The ADSMI did the opposite to the DFMGI, rising in early trading and then falling back to level off at 4057 points by the closing bell, down 1.1% with turnover a modest 540m dhs.
There were no standout rises today with only 3 of the 8 gainers trading more than AED 1m - Union National Bank (UNB), ARKAN, and Sudan Telecom (SUDATEL), all up by less than 1% each.
The top 3 losers had 1 small traded each. Dana Gas (DANA) was the most notable with a 2.5% fall to 1.95, Abu Dhabi Commercial Bank (ADCB), NBS, and Sorouh Real Estate (SOROUH) each fell about 2.3%, and Etisalat (ETISALAT) fell 1.9% to 20.90. AGTHIA, Aabar Petroleum (AABAR), Aldar Properties (ALDAR), RAK Properties (RAKPROP), and First Gulf Bank (FGB) all fell 1%-2% and the remainder fell less than 1%.
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