UAE markets 17 Dec 2007

UAE market news & discussions for 17 December 2007 A relatively subdued pre EID holidays trading on UAE markets. Both the DFM and ADSM index finished down by less than half a percent. On the DFM, TAMWEEL topped trading falling by 3.47% to 7.23 dirhams on volume of 101 million shares. EMAAR finished up 0.36% at 13.65 dirhams on volume of 45 million shares. On the ADSM, OILC topped trading rising by 1.92% to 2.65 dirhams on volume of 74 million shares. TAQA finished 4.21% higher at 3.71 on volume of 30 million shares. In Business news: Gulf Finance House signed a deal to create a state of the art Economic Development Zone outside of Mumbai. No new speculation regarding AED/$US is this significant?

• Marketwatch UAE December 2007
• Eid Al Adha holiday - market close dates 18-22 Dec 2007
• ADCB close to buying 25% of RHB Capital - 15 Dec 07
• ADCB may buy stake in Malaysia's RHB 07 Nov 07
• What are the most common technical indicators to use?
• DFM close and open prices
• DANA discovers more gas in Egypt - PR 16 Dec 07
• 17 December 2007 financial and business news for the UAE
• Tabreed wants AED 1 bn for expansion - EB 11 Dec 07
• Abraaj sold their Arabtec stake - PR 11 Dec 07
• FH explains sudden increase in share price 16 Dec 07
• Arkan Korea JV, shares double, Arkan denies knowing why - 15 Dec 07
• AMLAK Chairman interview EB 24/7 - 16 Dec 07
• Emirates Post IPO
• OILC bank loan AED 1.8 bn - 16 Dec 07
• Planet Pharmacies
• AMLAK to renew bank license bid? - R 16 Dec 07
• RAK Airways IPO
• Empost planning AED 3 bn IPO ... 16 Dec 07
• EMAAR report EFG Hermes FV 20.40 [BUY] 15 Dec 07
• DU report EFG Hermes FV 7.00 dhs [ACC] - 13 Dec 07
• GFH announces $10 bn development near Mumbai - PR 14 Dec 07
• GFH plans $3 bn Tunis Financial Harbour - PR 14 Dec 07
• DIFX market data
• 16 December 2007 financial and business news for the UAE

More UAE stock market news and discussions...

best stock rises symbol price change FBICO 3.30 +0.30 +10% FH 9.70 +0.88 +10% OEIHC 36.65 +3.45 +10.4% RAKNIC 5.28 +0.47 +9.8% QCEM 3.28 +0.28 +9.3%

worst stock falls symbol price change ADNIC 8.05 -0.85 -9.6% RAKCEC 4.80 -0.45 -8.6% GRAND 5.59 -0.49 -8.1% DIN 30.00 -1.50 -4.8% RAPCO 3.55 -0.13 -3.5%

top volume symbol value (AED) price TAMWEEL 759,368,638 7.23 EMAAR 609,556,146 13.65 ALDAR 349,360,914 11.55 DEYAAR 210,615,186 2.94 SOROUH 203,082,762 8.44

Dubai Financial Market

The DFM index closed at 5,737 a fall of 0.13% from the previous close. 372 million shares traded worth 2.2 billion dirhams. Nine shares advanced and fourteen declined.
Tamweel was the top traded share falling 3.47% to 7.23 dirhams on turnover of 101 million shares.

Other shares to decline included: DEYAAR 2.94 (0.33%), Du Telecom (DU) 6.04 (0.49%), DFM 6.62 (0.74%) and Islamic Arab Insurance (IAIC) 3.75 (0.26%)

Shares to rise included: Amlak Finance (AMLAK) 4.82 (0.41%), ARABTEC 9.27 (0.45%), Emaar Properties (EMAAR) 13.65 (0.36%) and Union Properties (UPP) 4.94 (1.22%).

AIRARABIA 1.93 and GULFNAV 1.67 both closed unchanged.

Abu Dhabi Securities Market

The ADSM index closed at 4,520 a fall of 0.49% from the previous close. 292 million shares traded worth 1.4 billion dirhams. Twenty four shares advanced and nineteen declined.
The top traded share was Oasis Leasing (OILC) rising 1.92% to 2.65 dirhams on volume of 74 million shares.

Other shares to rise included: Aabar Petroleum (AABAR) 3.99 (2.31%), Abu Dhabi National Energy (TAQA) 3.71 (4.21%) and Union National Bank (UNB) 9.33 (0.65%).

Shares to fall included: Abu Dhabi Commercial Bank (ADCB) 6.68 (1.91%), ARKAN 3.98 (1.97%), Dana Gas (DANA) 2.14 (0.93%), Etisalat (ETISALAT) 22.95 (1.08%) and Sorouh Real Estate (SOROUH) 8.44 (0.47%).

Aldar Properties (ALDAR) 11.55 and RAK Properties (RAKPROP) 2.19 both closed unchanged.

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.