UAE markets 04 Dec 2007

UAE market news & discussions for 04 December 2007 After the National Day break both UAE markets closed substantially higher. The DFM index rose 1.96% and the ADSM index rose 2.51% with both markets trading more than 2 billion dirhams worth of shares. The top traded share on the DFM was DYAAR rising 1.06% to 2.85 dirhams on volume of 117 million shares. The top traded share on ADSM was SOROUH rising 4.55% to 7.12 dirhams on volume of 83 million shares. No news regarding a joint GULF currency revaluation emerged from the GCC summit. However UAE and QATAR may still opt to act alone over the next few months. EMAARMGF is to list on an Indian Bourse to raise $1.7 billion next month.

• OILC board meeting on 06 Dec 07
• TABREED announces new COO and CFO - PR 04 Dec 07
• Marketwatch UAE December 2007
• DU forecasts 30% market share end 2008 - R 04 Dec 07
• Insider trades December 2007
• RAK Airways to Beirut from 29 Nov - PR 23 Nov 07 ... oops, Dhaka
• RAK Airways IPO
• RAK Airways expansion plans - ZDJ 04 Dec 07
• MAZAYA to invest AED 5 bn in Jebel Ali land - PR 04 Dec 07
• Middle East markets attractive says Schroders - R 03 Dec 07
• 04 December 2007 financial and business news for the UAE
• ALDAR report HSBC price target AED 20.30 OVERWEIGHT - 29 Nov 07
• SOROUH report HSBC price target AED 13.20 OVERWEIGHT - 29 Nov 07
• DFM ADSM closed National Day Sun Mon? 02-03 Dec 2007
• Emaar EC land lease for Total plant - 30 Nov 07
• RAKCEC - India seeks anti-dumping duty on tiles - PR 02 Dec 07
• WARE Agility to bid for AED 37 bn Saudi railway project - R 02 Dec 07
• UAE dirham revaluation Sun? AB 28 Nov ... No says CB - 29 Nov 07
• UAE CB to penalize foreign exchanges for overcharging - R 03 Dec 07
• Dubai Financial Market General Index (DFMGI) Comments Here 01 Dec 07
• No revaluation of GCC currencies on summit agenda - KT 02 Dec 07
• 03 December 2007 shares and financial news for DFM and ADSM
• 02 December 2007 shares and financial news for DFM and ADSM
• The group had decided not to mention concern over dollar depreciation 02 Dec 07
• DP World- The Loser Stock 30 Nov 07

More UAE stock market news and discussions...

best stock rises symbol price change ALFIRDOUS 2.45 +0.20 +8.9% ALDAR 10.25 +0.74 +7.8% DRIVE 3.27 +0.23 +7.6% IAIC 3.46 +0.24 +7.5% TAMWEEL 7.10 +0.48 +7.3%

worst stock falls symbol price change OEIHC 27.20 -3.00 -9.9% RAPCO 3.37 -0.32 -8.7% TKFL 5.20 -0.41 -7.3% QCEM 2.86 -0.17 -5.6% INVESTB 3.32 -0.19 -5.4%

top volume symbol value (AED) price ALDAR 649,345,201 10.25 SOROUH 595,271,038 7.12 EMAAR 448,239,101 12.75 DU 406,357,928 5.38 TAMWEEL 354,957,544 7.10

Dubai Financial Market

The DFM index closed at 5,459 an increase of 1.96% from the previous close. 555 million shares traded worth 2.7 billion dirhams. Twenty one shares advanced and three declined.
The top traded share was DEYAAR rising 1.06% to 2.85 dirhams on volume of 117 million shares. ARABTEC rose 5.04% to 8.74 dirhams on volume of 23 million shares traded.

Other shares to rise included: AIRARABIA 1.91 (1.59%), Amlak Finance (AMLAK) 4.33 (1.64%), DFM 6.58 (2.01%), Emaar Properties (EMAAR) 12.75 (2.82%), GULFNAV 1.65 (1.85%) and Tamweel (TAMWEEL) 7.10 (7.25%).

Shares to fall included: OIC 10.00 (3.84%) and Du Telecom (DU) 5.38 (1.46%) on volume of 74 million shares.

Abu Dhabi Securities Market

The ADSM index closed at 4,267 an icrease of 2.51% from the previous close. 401 million shares traded worth 2.1 billion dirhams. Thirty shares advanced and eleven declined.
The top traded share was Sorouh Real Estate (SOROUH) rising 4.55% to 7.12 dirhams on volume of 83 million shares.
Aldar Properties (ALDAR) 7.78%, Oasis Leasing (OILC) 5.86% and RAK Properties (RAKPROP) 3.03% were all up on good trading volumes.

Other shares to rise included: Aabar Petroleum (AABAR) 3.85 (5.48%), ARKAN 3.23 (3.19%), Dana Gas (DANA) 2.05 (3.02%), AGTHIA 2.03 (4.64%) and Abu Dhabi National Energy (TAQA) 3.34 (5.03%).

Shares to fall included: TKFL 5.20 (7.31%), Gulf Cement (GCEM) 6.11 (1.77%) and NBS 3.01 (0.33%) on 4.3 million shares traded.

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