UAE markets 11 Dec 2007

UAE market news & discussions for 11 December 2007 A very strong day on DFM. The index was up 2.66% to 5,775 with turnover reaching 4 billion dirhams. The ADSM was also up a more modest 0.11% with turnover of 1.3 billion dirhams. The top traded share on DFM was DEYAAR rising 5.30% to 2.98 dirhams on a massive volume of 285 million shares traded. ARKAN led the way on ADSM again rising a further 8.31% to 4.10 dirhams on volume of 76 million shares. Saudia Arabia joined QATAR in ruling out a currency revaluation. All these denials must mean something is happening. EID?? Bloomberg reported growing intereest in UAE/GCC stock markets from international fund managers. Crescent Petroleum/DANA have resolved a pricing dispute with Iran, allowing gas to start flowing.

• AMLAK (Reduce) TAMWEEL (Neutral) report EFG Hermes - 10 Dec 07
• Dubai Financial Market General Index (DFMGI) Comments 01 Dec 07
• DP World- The Loser Stock 30 Nov 07
• Saudi Tadawul to allow foreign ownership of shares ... again 10 Dec 07
• International funds buy GCC stocks Emaar Dana Aldar DPW - BB 11 Dec 07
• Marketwatch UAE December 2007
• ETISALAT shares jump on foreign ownership rumours BB 10 Dec 07
• Dividends different for IPO, broker or CDS shares?
• 11 December 2007 shares and financial news for DFM and ADSM
• ALDAR convertible sukuk & share capital increase - from 24 Oct 2007 on...
• ETISALAT confident of winning Qatar licence ... but miss out 10 Dec 07
• UPP report EFG Hermes FV 5.75 BUY - 09 Dec 07
• UAE banks report EFG Hermes - 06 Dec 07
• 10 December 2007 UAE Dubai, Abu Dhabi business news
• FCI report OVERWEIGHT - BT? 09 Dec 07
• Emaar problems in Algeria - 09 Dec 07
• OILC board meeting on 06 Dec 07
• GLOBAL buys 5% stake in Turkish Airlines - AT 05 Dec 07
• DANA - Iran says gas coming in 2008 - MNA 05 Dec 07
• DANA - UAE places 30 tr cubic ft gas order with Iran - 12 Nov 07
• DP World IPO Refunds
• DPW shares - dealing with banks & brokers
• DPW Q3 results - not released yet - 26 Nov 07
• DP World - REFUNDS
• 09 December 2007 UAE Dubai, Abu Dhabi business news

More UAE stock market news and discussions...

best stock rises symbol price change UNION 2.99 +0.24 +8.7% AMLAK 4.92 +0.38 +8.4% ARKAN 4.04 +0.31 +8.3% NBS 3.53 +0.25 +7.6% UPP 5.02 +0.32 +6.8%

worst stock falls symbol price change ADNIC 8.11 -0.89 -9.9% SALAM 20.90 -1.30 -5.9% JULPHAR 2.11 -0.13 -5.8% ASCANA 2.29 -0.12 -5% ALFIRDOUS 2.80 -0.09 -3.1%

top volume symbol value (AED) price DEYAAR 832,143,520 2.98 AMLAK 717,407,354 4.92 UPP 606,098,287 5.02 EMAAR 539,182,757 13.65 DFM 314,808,793 6.75

Dubai Financial Market

The DFM index closed at 5,755 an increase of 2.66% from the previous close. 1 billion shares traded worth 4.2 billion dirhams. Nineteen stocks advanced and five declined.
The top traded stock was easily DEYAAR rising 5.30% to 2.98 dirhams on volume of 285 million shares.
AIRARABIA 1.96 up 2.61%, GULFNAV 1.72 up 5.52% and Union Properties (UPP) 5.02 up 6.80% all rose on heavy volume.

Other shares to rise included: Amlak Finance (AMLAK) 4.92 (8.37%), ARAMEX 3.20 (3.22%) DFM 6.75 (2.89%) and Emaar Properties (EMAAR) 13.65 (3.01%).

Shares to fall included: Shuaa Capital (SHUAA) 6.40 (0.15%), Du Telecom (DU) 6.10 (0.48%) and ALFIRDOUS 2.80 (3.11%).

Abu Dhabi Securities Market

The ADSM index closed at 4,512 an increase of 0.11% from the previous close. 276 million shares traded worth 1.3 billion dirhams. Twenty four stocks advanced and fourteen declined.
The top traded stock was again ARKAN rising 8.31% to 4.10 dirhams on volume of 76 million shares. At the end 10 million shares were wanted and no sellers.
Oasis Leasing (OILC) gained 0.38% to 2.64 dirhams on volume of 52 million shares.

Other shares to rise included: AGTHIA 2.08 (0.48%), NBS 3.53 (7.62%) and Sorouh Real Estate (SOROUH) 8.10 (2.38%).

Shares to fall included: Aldar Properties (ALDAR) 10.85 (1.36%), National Bank of Abu Dhabi (NBAD) 23.20 (0.85%), RAK Properties (RAKPROP) 2.15 (0.46%) and Abu Dhabi Commercial Bank (ADCB) 6.36 (0.15%).

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