UAE markets 28 Jun 2007

UAE market news & discussions for 28 June 2007 The week finished on a bit of a deflated note with DFM heading south slightly and ADSM with no change in the index after today's trading. Aldar Properties share price was seen as undervalued in a research report from HSBC brokerage this week, which sounds somewhat optimistic. Fujairah Building Industries announced capital expansion plans again - they previously announced expansion plans in May 2007, but then the disclosure appeared to be withdrawn. There was a report of 10 bn dhs worth of building contracts to be awarded to Arabtec and Habtoor, but ARTC's share price barely moved. United Arab Bank announced the results of their BOD meeting yesterday. Gulf Navigation announced the appointment of a new CEO after yesterday's solid increase on heavy trading. The $1 bn Sukuk program for Gulf Finance House was given a preliminary rating of BBB- by Standard & Poor's. Taqa said they sold AED 33 bn of bonds and appointed a new Head of Health and Safety. Oddly, it was the second item that seemed to be of more interest to the media. The Abu Dhabi Securities Market said their London and New York trip was a success, and they might head over to Tokyo or Hong Kong for a similar roadshow. They also signed an MoU with the FTSE to create UAE based indices and ETFs, which sounds the same as the agreement ADSM said they were signing two weeks ago.

• 28 June 2007 UAE financial and stockmarket news
• ADSM signs MoU with FTSE to develop market indices - 28 Jun 07
• ADSM goes to London to sell shares to foreigners - R 31 May 2007
• ALDAR research from HSBC - [OVERWEIGHT] 50% upside??
• Arabtec and Habtoor share AED 10 bn contracts from Dubai Properties
• FBICO - Fujairah Building Industries more capital expansion?
• GFH AED 3.7bn Sukuk program assigned BBB- rating by Standard & Poor's
• GULFNAV appoints Simon Barham as new CEO - 28 Jun 2007
• TAQA sells AED 33 bn bonds - 28 Jun 07
• TAQA appoints Jos Schiffelers as Head of Health and Safety
• UAB United Arab Bank BOD meeting 27 Jun 2007
• 27 June 2007 UAE business and stock news

More UAE stock market news and discussions...

best stock rises symbol price change UAB 6.52 +0.48 +7.9% DRIVE 3.34 +0.22 +7.1% GLOBAL 11.50 +0.75 +7% BILDCO 4.07 +0.25 +6.5% INVESTB 2.75 +0.15 +5.8%

worst stock falls symbol price change IFA 8.95 -1.55 -14.8% OEIHC 17.15 -1.90 -10% AAAIC 125.00 -12.00 -8.8% FH 7.83 -0.53 -6.3% ABNIC 7.50 -0.49 -6.1%

top volume symbol value (AED) price DFM 203,199,887 3.17 GULFNAV 166,799,668 1.28 EMAAR 125,101,601 11.95 ARKAN 78,224,658 1.63 DIB 56,494,754 9.88

Dubai Financial Market

The DFMGI had an encouraging start but in the end ran out of steam and fell by 0.23% to 4409 points with moderate traded value of AED 793m.

DFM shares topped the traded value list with a slight rise of 0.64% to 3.15, and GULFNAV were also heavily traded with a significant 6% fall to 1.25 after the solid 9% rise yesterday.

National Bank of Dubai (NBD) was busier than usual with a 1.4% rise, while Arabtec Holding PJSC (ARTC) and Emirates Integrated Telecommunications Company (DU) were the only other actively traded stocks going up, but with increases of less than 1%.

International Financial Advisors KSCC (IFA) was limit down from just one small trade, National General Cooling Company PJSC (TABREED) was down by 2.2% to 2.67, all other actively traded stocks lost 0-2% except for Dubai Islamic Bank (DIB) which remained flat. Emaar Properties PJSC (EMAAR) fell 0.4% to 11.85.

Abu Dhabi Securities Market

ADSM techinically had a rise - by a twentieth of one point to 3544.65 from yesterday's close of 3544.60. Traded value was a moderate AED 400m.

Happy days for UAB up 8% to 6.64, DRIVE up 7.1% to 3.35, and Abu Dhabi National Company for Building Materials (BILDCO) up 6.5% to 3.97 at the top of the gainers list and all on much busier than usual trading volumes. ARKAN was the most heavily traded stock by value with a promising 2.5% rise to 1.59. Other rises on active trading for AGTHIA, Abu Dhabi Commercial Bank (ADCB), Sorouh Real Estate (SOROUH), Ras Al Khaimah Properties PJSC (RAKPROP), Aabar Petroleum Investments Company PJSC (AABAR), Aldar Properties PJSC (ALDAR), and Emirates Telecommunications Company (ETISALAT) all up about 1% or less.

Ras Al Khaimah Cement Company (RAKCC) slumped by 3.2% to 2.40, National Bank of Abu Dhabi (NBAD) down by 2.9%, Gulf Cement Company (GCEM) down by 2.8%, and Abu Dhabi Islamic Bank (ADIB) down by just 0.3% were the only four stocks dropping on significant trading volume.

Oasis International Leasing Company PJSC (OILC), Dana Gas PJSC (DANA), Abu Dhabi National Energy Company (TAQA), Sudan Telecom Company Ltd (SUDATEL), and First Gulf Bank (FGB) remained unchanged.

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UAE markets 27 Jun 2007

UAE market news & discussions for 27 June 2007 Both markets in the Emirates rose today with the DFM making the best of it with a gain of .79%. Trading in GULFNAV represented nearly 50% of all shares traded on the DFM and finished the day on 1.33 dirhams a rise of 9%. Trading on the ADSM was quieter with OILC and ARKAN topping the turnover but both finishing within 1.5% of yesterdays close.

• IIG parent IGH tie up with GlobalOptions Group
• China $200 bn wealth fund tie-up with Dubai
• Kurdistan to compete with Dubai as regional business hub
• DANA - extraordinary general meeting 03 Jul 2007 - why?
• DRIVE share capital increase - BOD meeting
• 27 June 2007 UAE business and stock news
• GFH Gulf Finance House sells 30% of Khaleeji Bank
• ALDAR awards major Al Raha contract to ALDAR
• ADIB may buy stake in Egypt's NDB bank - 09 Apr 2007
• TAMWEEL receives provisional ratings from Moody's for Sukuk
• FGB customers can pay credit card bills at Wall Street Exchange offices
• RAK Airways CEO leaves ... again - 27 May 2007
• ABC Arab Banking Corporation closes AED 3.67 bn loan facility
• MASQ Mashreq AED 1 bn loan for Qatar District Cooling Company
• IMF tells Jordan and other ME countries to broaden tax base
• Is DFMGI begging to correct?
• OILC - Oasis Leasing looking for MENA expansion opportunities
• RAK Airways launches first flight 23 June 2007
• 26 June 2007 UAE financial and stockmarket news
• Bahrain to introduce income tax - R 25 June 2007
• FGB forms AED 500m Inshaa Properties with ALDAR, SOROUH, Reem
• ARTC Arabtec receives ISO and OHSAS certificates 25 Jun 2007
• EBI Emirates Bank to implement Finacle from Infosys Technologies
• MASQ - Mashreqbank rated 'A/A-1', outlook stable by Standard & Poor's
• ARTC Wins AED 650 Million contract at Dubai Marina

More UAE stock market news and discussions...

best stock rises symbol price change GULFNAV 1.28 +0.11 +9.4% FH 8.36 +0.58 +7.5% MAZAYA 8.69 +0.55 +6.8% AMAN 26.00 +1.50 +6.1% DRIVE 3.12 +0.15 +5.1%

worst stock falls symbol price change AKIC 1.63 -0.09 -5.2% FCI 4.31 -0.23 -5.1% ADSB 2.85 -0.15 -5% NCC 10.00 -0.35 -3.4% TAQA 2.70 -0.09 -3.2%

top volume symbol value (AED) price GULFNAV 138,816,446 1.28 DFM 116,551,627 3.11 OILC 79,727,693 1.34 EMAAR 63,602,249 11.85 ALDAR 57,984,656 7.01

Dubai Financial Market

The DFM index broke its losing streak and finished up today at 4,418 a rise of .79%. 223 million shares changed hands worth 645 million dirhams. Fifteen shares advanced and four declined. GULFNAV topped the turnover easily with 108 million shares traded, finishing at 1.33 dirhams an increase of 9%.

Top gainers on reasonable volume included DFM 3.13 (1.95%), National General Cooling Company PJSC (TABREED) 2.73 (2.6%), Union Properties PJSC (UPP) 3.33 (2.15%) and Islamic Arab Insurance Company PSC (IAIC) 3.30 (2.1%)

Top decliners on reasonable volume included Arabtec Holding PJSC (ARTC) 5.90 (.34%) and Emirates Integrated Telecommunications Company (DU) 5.08 (.20%). Shuaa Capital PJSC (SHUAA) 5.09 was also marginally down .20% on very small volume.

Abu Dhabi Securities Market

The ADSM index finished the day on 3544 an increase of .28% on yesterdays close. 199 million shares changed hands worth 496 million dirhams. Nineteen shares advanced and 17 declined. Oasis International Leasing Company PJSC (OILC) topped the turnover with 59 million shares traded, finishing at 1.34 a decrease of 1.47%.

Top gainers on reasonable volume included Aabar Petroleum Investments Company PJSC (AABAR) 3.16 (3.95%), Gulf Cement Company (GCEM) 6.11 (3.21%) and Aldar Properties PJSC (ALDAR) 7.01 (3.0%).

Top decliners on reasonable volume included Abu Dhabi National Energy Company (TAQA) 2.70 (3.23%) and Ras Al Khaimah Properties PJSC (RAKPROP) 1.55 (1.27%)

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UAE markets 26 Jun 2007

UAE market news & discussions for 26 June 2007 A down day on UAE markets with both indicies falling by over one and half percent on volume in line with the summer average. On the DFM, DFM and GULNAV made up half the volume traded with both falling sharply. SHUAA released some further details of the proposed covertible bond saying it would have a coupon rate of 6% and could be converted within a year. On the ADSM, OILC was heaqvily traded falling nearly 5%.

• 26 June 2007 UAE financial and stockmarket news
• GFH Gulf Finance House sells 30% of Khaleeji Bank
• Bahrain to introduce income tax - R 25 June 2007
• FGB forms AED 500m Inshaa Properties with ALDAR, SOROUH, Reem
• ARTC Arabtec receives ISO and OHSAS certificates 25 Jun 2007
• EBI Emirates Bank to implement Finacle from Infosys Technologies
• MASQ - Mashreqbank rated 'A/A-1', outlook stable by Standard & Poor's
• ARTC Wins AED 650 Million contract at Dubai Marina
• GFH Gulf Finance House par value
• 25 June 2007 UAE business and stock news
• Oasis Leasing attends 47th edition of Paris Air Show - PR 23 Jun 2007
• SHUAA 2006 FY profit AED 262m
• Agility & Transcar win world's largest freight contract with Qatar-Pearl GTL
• WARE & NRE - share prices fall on cancelled contracts? 26 Nov 2006
• NRE election of board members at BOD meeting 23 Jun 2007
• MASQ - Abdullah Al Mansori resigns from BOD 30 May 2007
• SHUAA to sell 32% stake to Dubai Banking Group
• SHUAA foreign ownership limit increase to 49%
• TAQA to continue with Sharia compliant project financing
• EMAAR-MGF may win DDA Games Village contract in India
• NBAD and EBI conclude AED 1.3 bn financing for Pearl Azure
• CBD launches Al Dana program for HNW customers
• EMAAR revenue to AED 140 bn by 2010, 25% from India
• EMAAR-MGF - $12 bn investment and largest mall in India planned
• MASQ - Fitch ratings affirmed at A with Outlook Stable - 24 Jun 2007

More UAE stock market news and discussions...

best stock rises symbol price change MAZAYA 8.45 +1.10 +15% GMPC 4.44 +0.40 +9.9% FCI 4.54 +0.35 +8.4% ABNIC 7.99 +0.49 +6.5% ADSB 3.00 +0.14 +4.9%

worst stock falls symbol price change AMAN 26.80 -3.30 -11% TKFL 4.51 -0.49 -9.8% RAKCEC 5.00 -0.40 -7.4% TAQA 2.79 -0.21 -7% UNION 2.14 -0.16 -7%

top volume symbol value (AED) price EMAAR 148,764,939 11.90 DFM 145,333,992 3.13 OILC 121,984,963 1.36 GULFNAV 78,963,551 1.26 RAKCC 65,161,275 2.42

Dubai Financial Market

The DFM index finished sharply lower today at 4,383 a fall of 1.64%. 194 million shares changed hands worth 720 million dirhams. Two shares advanced and eighteen shares declined. GULFNAV and DFM made up over 50% of all trades on the day. Both finished lower.

Two stocks advanced on very light volume MAZAYA 8.45 (14%), NCC 10.35 (4.5%).

The following stocks declined on significant volume. GULFNAV 1.22 (5.43%), DFM 3.07 (4.66%), Tamweel PJSC (TAMWEEL) 4.38 (3.95%), Amlak Finance Company (AMLAK) 3.47 (3.6%) and National General Cooling Company PJSC (TABREED) 2.66 (3.27%).
AMAN 24.70 also fell sharply losing 11.7% on just over one milion shares traded.

Abu Dhabi Securities Market

The ADSM index finished sharply lower today at 3, 534 a fall of 1.61%. 232 million shares changed hands worth 488 million dirhams. Eleven shares advanced and thirty four declined. 89 million shares of Oasis International Leasing Company PJSC (OILC) traded with the stock ending down 4.9%.

Top gainers on reasonable volume included Abu Dhabi National Company for Building Materials (BILDCO) 3.86 (.52%), ADAVIATION 2.25 (1.35%) and Abu Dhabi Ship Building (ADSB) 3.00 (4.90%).

Top decliners on reasonable volume included Ras Al Khaimah Cement Company (RAKCC) 2.42 (2.42%), ARKAN 1.57 (4.27%), Dana Gas PJSC (DANA) 1.61 (4.73%) Ras Al Khaimah Properties PJSC (RAKPROP) 1.57 (4.85%) and Abu Dhabi National Energy Company (TAQA) 2.79 (2.45%).

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UAE markets 25 Jun 2007

UAE market news & discussions for 25 June 2007 DFM and ADSM index finish down on a quiet days trading. Only 799 million dirham worth of shares changed hands for both markets. SHUAA was in the news with a proposal to sell a convertible bond worth 1.5 billion dirhams to the parent company of Dubai Bank equal to 33% of the company at a conversion rate of 6 dhs. The proposal will be voted on in August. EMAAR announced the intention of investing up to $12 billion in India with its JV partner MGF.

• EMAAR-MGF - $12 bn investment and largest mall in India planned
• MASQ - Fitch ratings affirmed at A with Outlook Stable - 24 Jun 2007
• TAIB Bank to sell 60% stake to Dubai Financial - PR 20 June 2007
• IFA Hotels & Resorts opens first YOTEL at Gatwick, UK
• DME - approvals from Estonia, Guernsey, Luxembourg, Poland, Holland
• DFM - foreign investors buy AED 1.2 bn shares in 3nd week of Jun 2007
• EIB launches Islamic Alternative Strategies Fund
• DANA Gas acquires affiliate Danagaz Bahrain
• SHUAA to sell 32% stake to Dubai Banking Group
• DFM Sharia board to classify companies according to Sharia principles
• Dubai's Economic Growth and Property Bubble - Will It Burst?
• UAE will maintain global economic strength says Shaikha Lubna
• 25 June 2007 UAE business and stock news
• SHUAA foreign ownership limit increase to 49%
• SHUAA share price plummets 12.5% 11 June 2007
• NBAD restructuring and merger talk
• Stock Picks by Technical Analysis June 2007
• ARTC Wins 650 Millions AED contract at Dubai Marina
• GLOBAL AGM 23 Jun 2007 to elect new BOD
• 24 June 2007 UAE business and stockmarket news
• DIC to spend AED 2 bn on glass expansion
• Deyaar Founding General Assembly results
• Property crash in Spain a forecast for Dubai?
• 23 June 2007 UAE business and stock news
• EMAAR - DH deal & ESCA weakness knock investor confidence

More UAE stock market news and discussions...

best stock rises symbol price change OEIHC 19.05 +1.70 +9.8% ETISALAT 18.85 +0.30 +1.6% ASMAK 6.60 +0.08 +1.2% NMDC 4.78 +0.04 +0.8% UCC 5.15 +0.04 +0.8%

worst stock falls symbol price change UNION 2.30 -0.12 -5% AWNIC 4.20 -0.18 -4.1% DANA 1.69 -0.07 -4% RAKPROP 1.65 -0.06 -3.5% GCEM 5.99 -0.16 -2.6%

top volume symbol value (AED) price EMAAR 99,174,424 12.00 DFM 71,797,013 3.24 GULFNAV 60,271,009 1.30 ARMX 56,330,258 2.77 OILC 47,661,372 1.43

Dubai Financial Market

Another quiet days trading on the DFM with the index finishing at 4,457 down .52% from yesterdays close. 140 million shares changed hands worth 501 million dirhams. Only two shares advanced and thirteen declined.
Despite Shuaa Capital PJSC (SHUAA) and Emaar Properties PJSC (EMAAR) being in the news both stocks finished down on modest volume.

Two stocks gained in value AMAN 28.00 (.71%) and Dubai Investments PJSC (DIC) 4.67 (.21%).

Top decliners on reasonable volume were DFM 3.22 (1.52%), Shuaa Capital PJSC (SHUAA) 5.25 (1.12%), Emirates Integrated Telecommunications Company (DU) 5.21 (.95%) and National General Cooling Company PJSC (TABREED) 2.75 (.72%).

Abu Dhabi Securities Market

The ADSM index finished the trading day at 3,592 a slight fall of .15%. 119 millon shares changed hands worth 298 million dirhams. Eight shares advanced and twenty eight declined.
Nearly 30% of all shares traded comprised of trades in Oasis International Leasing Company PJSC (OILC).

The top gainer on reasonable volume was Emirates Telecommunications Company (ETISALAT) 18.85 (1.62%).

The top decliners on reasonable volume included Dana Gas PJSC (DANA) 1.69 (3.98%), ARKAN 1.64 (2.38%) and Ras Al Khaimah Properties PJSC (RAKPROP) 1.65 (3.51%)

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UAE markets 24 Jun 2007

UAE market news & discussions for 24 June 2007 Both indicies finished down today falling half of one per cent lower than the previous close. The volume of stock traded was low on both markets. On DFM, SHUAA and ARMX had good gains on reasonable volume. GULFNAV declined 3% on heavy turnover. On ADSM, trading was steady across the board.

• ARTC Wins 650 Millions AED contract at Dubai Marina
• GLOBAL AGM 23 Jun 2007 to elect new BOD
• 24 June 2007 UAE business and stockmarket news
• DIC to spend AED 2 bn on glass expansion
• Deyaar Founding General Assembly results
• Property crash in Spain a forecast for Dubai?
• 23 June 2007 UAE business and stock news
• EMAAR - DH deal & ESCA weakness knock investor confidence
• TAIB Bank - put on Rating Watch Positive by Fitch
• Air Arabia IPO
• Dubai Property market trends - summary of opinions and articles
• 22 June 2007 UAE business and stockmarket news
• Is DFMGI begging to correct?
• UCC - 2007 M5 profit AED 85m
• Stock Picks by Technical Analysis June 2007
• 21 June 2007 UAE business and stock news
• AOIC launches 'Kabayan' medical insurance policy for Filipinos
• London is top financial center, Dubai is 37th - MC survey
• Petrobras (Brazil) global expansion - GFH advising
• Integration of DFM and ADSM will improve performance
• ESCA says they will set financial criteria for UAE brokers
• DFM, ESCA organise broker forum with NYSE, SEC participation
• EMAAR-MGF may win DDA Games Village contract in India
• EBI has A+ rating from Fitch affirmed
• FGB meeting 30 May 2007 - foreign ownership & AED 12.8 bn EMTN notes

More UAE stock market news and discussions...

best stock rises symbol price change UNION 2.42 +0.20 +9% GCEM 6.15 +0.36 +6.2% SHUAA 5.36 +0.22 +4.3% RAKBANK 6.34 +0.25 +4.1% ARMX 2.79 +0.08 +3%

worst stock falls symbol price change AWNIC 4.38 -0.48 -9.9% NMDC 4.76 -0.49 -9.3% ASMAK 6.52 -0.27 -4% CBD 8.50 -0.35 -4% ADAVIATION 2.23 -0.09 -3.9%

top volume symbol value (AED) price EMAAR 153,640,032 12.10 TABREED 110,339,988 2.83 ARMX 105,965,188 2.79 DFM 90,165,175 3.28 ADIB 68,913,843 58.60

Dubai Financial Market

The DFM index finished today at 4480 a fall of .50%. 206 million shares changed hands worth 807 million dirhams. Five stocks advanced and sixteen declined. Crucially the index finished below the recent support level of 4500.

Top gainers on volume included Shuaa Capital PJSC (SHUAA) 5.31 (4.32%), Aramex PJSC (ARMX) 2.76 (2.98%) and National General Cooling Company PJSC (TABREED) 2.77 (.36%).

Top decliners on volume included GULFNAV 1.29 (3%), AMAN 27.80 (1.41%), DFM 3.27 (.90%).

Abu Dhabi Securities Market

The ADSM index finished today at 3597 a fall of .49%. 115 million shares changed hands worth 363 million dirhams. Eleven stocks advanced, twenty seven declined.

Top gainers on volume included Gulf Cement Company (GCEM) 6.15 (6.3%), Ras Al Khaimah Cement Company (RAKCC) 2.53 (1.2%),

Top decliners on volume included ARKAN 1.68 (1.76%), Sorouh Real Estate (SOROUH) 4.07 (1.22%), Dana Gas PJSC (DANA) 1.76 (1.12%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.76 (1.72%).

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UAE markets 21 Jun 2007

UAE market news & discussions for 21 June 2007 DFM rose slightly on thin trading, while ADSM fell on moderate trading volumes with OILC topping the traded value list. Emaar volumes dropped significantly. Looks like the summer holidays are here. The delegation from the New York Stock Exchange (NYSE) and the Securities and Exchange Commission (SEC) participated in a forum for brokers organised by the DFM where ESCA told brokers about financial criteria they would be setting. Union Cement Company reported 2007 second quarter earnings early, but for only 5 months. Amlak signed up for AED 800m of finance from Emirates Islamic Bank.

• 21 June 2007 UAE business and stock news
• ALDAR announces John Bullough as Chief Operating Officer
• AMAN - sharp rise in share price June 2007
• AMLAK and EIB sign AED 800m wakala loan
• AOIC launches 'Kabayan' medical insurance policy for Filipinos
• DFM and ADSM integration will improve performance
• DFM, ESCA organise broker forum with NYSE, SEC participation
• DIB - Fitch affirms Dubai Islamic Bank Support rating at '1'
• DIC - Emirates Float Glass second phase investment
• EBI has A+ rating from Fitch affirmed
• EIB 3.67 bn dhs Sukuk trust certificates get A1 rating from Moody's
• EMAAR-MGF may win DDA Games Village contract in India
• ESCA says they will set financial criteria for UAE brokers
• ETISALAT highlights VoIP strategies for businesses
• FGB meeting 30 May 2007 - foreign ownership & AED 12.8 bn EMTN notes
• GFH advising Petrobras (Brazil) global expansion
• SOROUH - bids invited for Shams infrastructure construction
• TAIB Bank to sell 60% stake to Dubai Financial - PR 20 June 2007
• UCC - 2007 M5 profit AED 85m
• London is top financial center, Dubai is 37th - MC survey
• 20 June 2007 UAE business and stock news

More UAE stock market news and discussions...

best stock rises symbol price change NCTH 4.91 +0.45 +10.1% NMDC 5.25 +0.32 +6.5% AKIC 1.77 +0.09 +5.4% MAZAYA 7.35 +0.35 +5% EBI 9.20 +0.29 +3.3%

worst stock falls symbol price change AWNIC 4.86 -0.53 -9.8% UNION 2.22 -0.14 -5.9% ARIG 3.01 -0.17 -5.3% FOODCO 4.79 -0.23 -4.6% AGTHIA 2.10 -0.08 -3.7%

top volume symbol value (AED) price OILC 177,700,647 1.45 RAKCC 129,562,281 2.50 AMAN 63,494,459 27.65 EMAAR 59,556,576 12.15 GULFNAV 58,385,551 1.32

Dubai Financial Market

The DFMGI wobbled up and down in a narrow trading range today, finally closing at 4504, up by 0.15% from AED 456m worth of trading.

AMAN rose 2.9% to 28.20 from a solid 63m dhs worth of trading, National General Cooling Company PJSC (TABREED) was up 1.5%, and GULFNAV, Arabtec Holding PJSC (ARTC), Amlak Finance Company (AMLAK) were the only other actively traded stocks showing a rise - of less than 1%.

Emaar Properties PJSC (EMAAR) was flat at 12.15 from a very low 60m dhs worth of trades. The other actively traded stocks all fell by less than 1%. GGICO and National Bank of Dubai (NBD) fell by 0.61% and 0.44% respectively, with higher than usual volumes.

Abu Dhabi Securities Market

The ADSM index fell by 0.26% to 3616 points from AED 510m of traded value - slightly higher than on DFM. Very few stocks rose on any volume of significance. AKIC was up 5.4% to 1.84 from 22 deals, other rises of 0.5% for Emirates Telecommunications Company (ETISALAT) and 0.3% for First Gulf Bank (FGB).

AWNIC plummeted 9.8% to 4.86 with no buyers in the queue and a relatively substantial 1m shares traded from 8 deals. Oasis International Leasing Company PJSC (OILC) with a 0.7% fall from 178m dhs of trading and Ras Al Khaimah Cement Company (RAKCC) with a 2.7% fall from 130m dhs of trades topped the traded value list. AGTHIA dropped 3.7%, Ras Al Khaimah White Cement Company (RAKWCT) was down by 3.1%, and Aabar Petroleum Investments Company PJSC (AABAR) lost 2.2%. The remaining actively traded stocks fell by less than 2%.

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UAE markets 20 Jun 2007

UAE market news & discussions for 20 June 2007 The UAE markets diverged today with the DFM index recording a slight fall and the ADSM index rising slightly. The volume of shares traded on DFM was low and was about average for the ADSM. Companies based in Ras Al Khaimah filled three of the top five traded stocks based on volume.

• EMAAR starts sales for Dubai Marina Mall Hotel & Serviced Residences
• UPP project finance agreement with EBI 19 Jun 2007
• TAMWEEL AED 807m Notes - ratings AA2 by Moody's and AA by Fitch
• Transport costs will stifle cement exports to Kurdistan Iraq
• UAE cement demand to double says Noor Capital - 20 Jun 2007
• 20 June 2007 UAE business and stock news
• NCTH JV with Pearl Azzur real estate and hotel management
• UAB BOD meeting Wed 27 Jun 2007
• ADSM and ESCA host delegation from NYSE and SEC
• AMAN 2006 FY loss AED 14m, 2005 was AED 73m profit - 30 Jan 2007
• AMAN - sharp rise in share price June 2007
• DU report HC Securities 07 Jun 2007 [STRONG BUY]
• keep eye on tasi (saudi market)
• 19 June 2007 UAE business and stock news
• DIB - 28 Aug 2005 - DFM 11.1 bn, DIB 9.3 bn - DIB bogus trades cancelled
• UAE cement sector may be 200% oversupplied by 2009 - 19 June 2007
• PALTEL BOD meeting 17 June 2007
• TKFL - Khalid Al Suwaidi is no longer a BOD member
• Day Trade Indications
• NMDC AED 26m island reclamation and dredging project - 19 June 2007
• EMAAR AED 2.57 bn Tuscan Valley Houses in Turkey - 26 May 2007
• FGB EMTN notes get A/F1 rating from Fitch - PR 19 Jun 2007
• FGB EMTN notes get A2 rating from Moody's - PR 19 Jun 2007
• GFH - London listing of GDRs
• IAIC Salama IPO in Saudi Arabia - ET 12 Oct 2006

More UAE stock market news and discussions...

best stock rises symbol price change NMDC 4.93 +0.46 +10.3% OEIHC 17.35 +1.55 +9.8% UNION 2.36 +0.21 +9.8% FCI 4.10 +0.36 +9.6% AKIC 1.68 +0.14 +9.1%

worst stock falls symbol price change ACICO 5.67 -0.99 -14.9% AMAN 28.60 -1.95 -6.4% RAKCEC 5.52 -0.38 -6.4% ABNIC 7.50 -0.49 -6.1% FOODCO 4.98 -0.26 -5%

top volume symbol value (AED) price OILC 233,396,658 1.46 RAKCC 202,443,791 2.57 EMAAR 195,648,744 12.25 AMAN 112,937,677 28.60 TAMWEEL 79,920,130 4.63

Dubai Financial Market

The DFM index closed today at 5,239 a slight fall of .53%. 157 million shares changed hands worth 757 million dirhams. GULFNAV comprised nearly 33% of all shares traded ending the day at 1.32 a fall of 1.49%

Top gainers on reasonable volume included Commercial Bank of Dubai (CBD) 8.65 (2.3%), GGICO 8.25 (2.1%).

Top decliners on reasonable volume included AMAN 27.40 (6.6%), Global Investment House (GLOBAL) 11.35 (1.73%), Emaar Properties PJSC (EMAAR) 12.15 (1.22%) and GULFNAV 1.32 (1.49%).

Abu Dhabi Securities Market

The ADSM index closed today at 3625 a gain of .32%. 368 million shares changed hands worth 801 million dirhams. Oasis International Leasing Company PJSC (OILC) comprised nearly 40% of all shares traded ending the day at 1.46 a gain of 2%.

Top gainers on reasonable volume included AKIC 1.68 (9%), Ras Al Khaimah Cement Company (RAKCC) 2.57 (2.8%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.76 (.57%) and Ras Al Khaimah White Cement Company (RAKWCT) 2.24 (.45%).

Top decliners on reasonable volume included Foodco Holdings PJSC (FOODCO) 4.98 (4.05%) and UAB 6.00 (3.38%)

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UAE markets 19 Jun 2007

UAE market news & discussions for 19 June 2007 Both market indicies finished higher today rising by just under half of one percent. The value of stocks traded on the DFM rose above the billion dirham level with EMAAR and AMLAK both showing high trading volumes. On the ADSM, OILC and RAKCC both rose on large volumes

• SHUAA 2006 FY profit AED 262m
• UPP project finance agreement 19 Jun 2007
• UPP - AED 10 bn MotorCity project ready by 2009
• GLOBAL AGM 23 Jun 2007 to elect new BOD
• WARE / AGILITY PCO contract extension worth AED 266m
• Is DFMGI begging to correct?
• Air Arabia share register transfer to DFM
• 19 June 2007 UAE business and stock news
• Day Trade Indications
• 18 June 2007 UAE business and stock news
• WARE / AGILITY buys Synergy transport firms for AED 50m
• SALAM BOD meeting 17 Jun 2007 - Solidere establishment
• FH Finance House asset base to triple to AED 5 bn by 2010
• DU report HC Securities 07 Jun 2007 [STRONG BUY]
• UAE Brokers ask for increased stock trading hours 16 June 2007
• keep eye on tasi (saudi market)
• UAE manufacturers agree on max 295 dhs per tonne for cement
• 17 June 2007 UAE business and stock news
• FH - Finance House opens branch in Dubai - 17 June 2007
• EMAAR masterplan for Libya development delayed 6 months - 17 Jun 07
• Mubasher (DBFS) launches international online trading
• FH - Finance House wins ADSM Best Disclosure Award - 06 Jun 07
• RAKPROP appeals to investors in London 17 June 2007
• GLOBAL - Euromoney 'Best Investment Bank in Kuwait' award
• WARE / AGILITY renews heavy lift contract

More UAE stock market news and discussions...

best stock rises symbol price change AMAN 29.55 +1.85 +6.7% AGTHIA 2.13 +0.13 +6.5% FH 8.44 +0.44 +5.5% NMDC 4.61 +0.22 +5% GGICO 8.04 +0.38 +5%

worst stock falls symbol price change UAB 6.21 -0.69 -10% NCTH 4.53 -0.49 -9.8% GLOBAL 11.55 -0.70 -5.7% INVESTB 2.66 -0.14 -5% OEIHC 15.80 -0.80 -4.8%

top volume symbol value (AED) price EMAAR 364,358,419 12.30 AMAN 258,865,385 29.55 RAKCC 159,950,194 2.50 DIB 146,740,321 10.10 AGTHIA 117,940,411 2.13

Dubai Financial Market

The DFM index ended up today finishing at 4521 a rise of .40%. 251 million shares changed hands worth 1.46 billion dirhams.

Top gainer on reasonable volume included AMAN 29.35 (6.73%), GGICO 8.08 (4.94%), Shuaa Capital PJSC (SHUAA) 5.19 (2.77%), Emaar Properties PJSC (EMAAR) 12.30 (.82%) and Tamweel PJSC (TAMWEEL) 4.67 (.65%).

Top decliners on reasonable volume included Global Investment House (GLOBAL) 11.55 (5.71%), National Bank of Dubai (NBD) 9.01 (1.53%), Islamic Arab Insurance Company PSC (IAIC) 3.45 (1.43%).

Abu Dhabi Securities Market

The ADSM index ended up today at 3613 a rise of .41%. 300 million shares chnaged hands worth 771 million dirhams.

Top gainers on reasonable volume included Oasis International Leasing Company PJSC (OILC) 1.43 (2.14%), Ras Al Khaimah Cement Company (RAKCC) 2.50 (.81%), AGTHIA 2.13 (6.50%),

Top decliners on reasonable volume included UAB 6.21 (10%), Ras Al Khaimah Poultry & Feeding Company (RAPCO) 3.75 (6%), Invest Bank (INVESTB) 2.66 (5%).

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• Discuss UAE companies at Dubai Share Talk.

UAE markets 18 Jun 2007

UAE market news & discussions for 18 June 2007 Another quiet days trading on both stock markets in the Emirates. The DFM index managed to rise just over one percent on the day and the ADSM index fell slightly on very low volumes.

• Day Trade Indications
• 18 June 2007 UAE business and stock news
• WARE / AGILITY buys Synergy transport firms for AED 50m
• SALAM BOD meeting 17 Jun 2007 - Solidere establishment
• FH Finance House asset base to triple to AED 5 bn by 2010
• DU report HC Securities 07 Jun 2007 [STRONG BUY]
• UAE Brokers ask for increased stock trading hours 16 June 2007
• keep eye on tasi (saudi market)
• UAE manufacturers agree on max 295 dhs per tonne for cement
• 17 June 2007 UAE business and stock news
• FH - Finance House opens branch in Dubai - 17 June 2007
• EMAAR masterplan for Libya development delayed 6 months - 17 Jun 07
• Mubasher (DBFS) launches international online trading
• FH - Finance House wins ADSM Best Disclosure Award - 06 Jun 07
• RAKPROP appeals to investors in London 17 June 2007
• Is DFMGI begging to correct?
• GLOBAL - Euromoney 'Best Investment Bank in Kuwait' award
• WARE / AGILITY renews heavy lift contract
• NRE 2006 FY results - announced 08 Feb 2007
• AABAR agreement with AWE (Satria) NZ for Bulu concession, East Java
• ADCB receives Best Bank in the UAE award from Euromoney
• NBS / SIB opens new branch in Fujairah - PR 16 June 2007
• DFM - foreign investors buy AED 1.5 bn shares in 2nd week of Jun 2007
• IIG - International Investment Group listing
• DANA update coming on Iran and acquisitions - DJ 13 June 2007

More UAE stock market news and discussions...

best stock rises symbol price change AMAN 26.20 +3.55 +15.7% GLOBAL 12.15 +1.30 +12% UNION 2.15 +0.17 +8.6% GFH 8.22 +0.67 +8.9% FOODCO 4.98 +0.38 +8.3%

worst stock falls symbol price change RAKWCT 2.26 -0.09 -3.8% TKFL 4.77 -0.17 -3.4% ADAVIATION 2.25 -0.06 -2.6% BOS 2.66 -0.07 -2.6% DANA 1.78 -0.04 -2.2%

top volume symbol value (AED) price IAIC 198,521,584 3.50 EMAAR 187,420,152 12.10 TAMWEEL 148,423,734 4.67 AMAN 117,171,635 26.20 GULFNAV 86,976,760 1.33

Dubai Financial Market

The DFM index closed today at 4503 a rise of 1.05% from yesterdays close. 220 million shares changed hands worth 944 million dirhams. Twenty shares advanced, four were unchanged and one declined.

Top gainers on reasonable volume included, AMAN 27.50 (14.82%), Tamweel PJSC (TAMWEEL) 4.64 (1.97%), Islamic Arab Insurance 3.50 (5%).

Arabtec Holding PJSC (ARTC) was the only share that declined on the day.

Abu Dhabi Securities Market

The ADSM index closed today at 3,599 a rise of .23% from yesterdays close. 141 million shares changed hands worth 377 million dirhams.

Top gainers on resonable volume included Foodco Holdings PJSC (FOODCO) 4.98 (8.26), Invest Bank (INVESTB) 2.80 (4.87%), Gulf Pharmaceutical Industries (JULPHAR) 2.07 (3.50%).

Top decliners on reasonable volume included TKFL 4.77 (3.44%), ADAVIATION 2.25 (2.60%), Oasis International Leasing Company PJSC (OILC) 1.40 (1.41%), Ras Al Khaimah Cement Company (RAKCC) 2.48 (.40%).

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• Discuss UAE companies at Dubai Share Talk.

UAE markets 17 Jun 2007

UAE market news & discussions for 17 June 2007 A very quiet trading day today on both stock markets in the Emirates. Both markets fall marginally but remain above key support levels. The standout stock on the DFM was the huge trading volume of GULFNAV representing approx 70% of all trades on the DFM. Trading at the ADSM was more balanced with ARKAN, OILC and DANA the top three traded stocks with volume traded all about the same.

• GLOBAL - Euromoney 'Best Investment Bank in Kuwait' award
• SALAM BOD meeting 17 Jun 2007 - German partners?
• WARE / AGILITY renews heavy lift contract
• NRE 2006 FY results - announced 08 Feb 2007
• AABAR agreement with AWE (Satria) NZ for Bulu concession, East Java
• 17 June 2007 UAE business and stock news
• ADCB receives Best Bank in the UAE award from Euromoney
• NBS / SIB opens new branch in Fujairah - PR 16 June 2007
• DFM - foreign investors buy AED 1.5 bn shares in 2nd week of Jun 2007
• UAE Brokers ask for increased stock trading hours 16 June 2007
• IIG - International Investment Group listing
• UAE manufacturers agree on max 295 dhs per tonne for cement
• Is DFMGI begging to correct?
• DANA update coming on Iran and acquisitions - DJ 13 June 2007
• keep eye on tasi (saudi market)
• Day Trade Indications
• 16 June 2007 UAE business and stock news
• GLOBAL obtains Saudi license - 13 June 2007
• GLOBAL to sell MAZAYA stake - 12 Jun 2007
• Citigroup says DFM and ADSM should allow foreign brokers
• Private equity to invest Dh 4.8 bn in ME property - ET 16 Jun 07
• 15 June 2007 UAE stocks and financial news
• DIFX - International Investment Group $200m Sukuk
• OIC - opens new branch in Dubai Health Care City
• Citigroup says UAE bank mergers unlikely - ET 15 Jun 2007

More UAE stock market news and discussions...

best stock rises symbol price change NCTH 5.02 +0.44 +9.6% AMAN 24.00 +2.00 +9.1% RAPCO 4.00 +0.25 +6.7% GLOBAL 10.95 +0.65 +6.3% ADNIC 9.03 +0.43 +5%

worst stock falls symbol price change UNION 1.98 -0.22 -10% RAKBANK 6.09 -0.41 -6.3% OILC 1.42 -0.05 -3.4% AGTHIA 2.01 -0.06 -2.9% JULPHAR 2.00 -0.05 -2.4%

top volume symbol value (AED) price GULFNAV 213,643,716 1.35 ARKAN 99,734,884 1.75 DANA 96,857,269 1.82 EMAAR 80,198,897 12.00 OILC 75,858,517 1.42

Dubai Financial Market

The DFM index ended the day at 4,455 a slight loss of .19%. 222 million shares changed hands worth 596 million dirhams. Seven shares advanced, four were unchanged and eleven declined.

Top gainers on reasonable volume included AMAN 23.95 (10%), Arabtec Holding PJSC (ARTC) 6.00 (1.18%) and Dubai Islamic Bank (DIB) 9.90 (.81%).

Top decliners on reasonable volume included Aramex PJSC (ARMX) 2.68 (1.83%), Islamic Arab Insurance Company PSC (IAIC) 3.33 (1.47%), Union Properties PJSC (UPP) 3.33 (.89%).

Despite the 158 million shares to change hands for GULFNAV the stock price remained steady on the day.

Abu Dhabi Securities Market

The ADSM index ended the day at 3, 607 a slight loss of .33%. 241 million shares changed hands worth 542 million dirhams. Fifteen, shares advanced, three were unchanged anf twenty eight declined.

Top gainers on reasonable volume include ARKAN 1.75 (.5%), Ras Al Khaimah Cement Company (RAKCC) 2.49 (2%) and ADNIC 9.03 (5%)

Top decliners on reasonable volume included Oasis International Leasing Company PJSC (OILC) 1.42 (3.4%), Ras Al Khaimah Properties PJSC (RAKPROP) 1.76 (2.2%), Sorouh Real Estate (SOROUH) 4.08 (1.5%).

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• Discuss UAE companies at Dubai Share Talk.