UAE markets 30 Jan 2008

UAE market news & discussions for 30 January 2008 A subdued days trading on UAE markets today with both indicies finishing up on lower trading volumes. The top traded share on the DFM ws itself rising 3.26% 5.37 dirhams on volume of 81 million shares traded. The top traded share on the ADSM was DANA falling 0.43% to 2.30 dirhams on volume of 22 million shares traded. Other news and results: The DFM suspended trading in DIC shares yesterday 29 January 2008 for 20 minutes after the company disclosed a 52% increase in Net profits during trading hours. The DFM should be applauded for taking action to protect traders and reminding companies that if they take shareholders money then they must be treated as owners of the company rather than uninvited guests. A healthy and well regulated market is in every ones interests. Fresh currency speculation: Qatar is considering dropping the $US peg for a basket of currencies or revaluation according to an economic advisor to the ruler. Regulation comes to Brolers and Analysts: The Emirates Securities and Commodities Authority (ESCA) has announced from April 2008, Brokers and Analysts will have to pass qualifying tests supervised by the Securities and Investment Institute of the UK. Results Finance House 2007 FY Net Profit AED 202.8m, 26% increase from 2006 FY Net profit. NBF 2007 FY net profit AED 323.8m, 36.3% increase from 2006 FY Net profit. Announcements GULFNAV: BOD to be held on 6 February 2008.

• 30 January 2008 shares and financial news for DFM and ADSM
• RAKCEC 2007 FY profit AED 170m +9% 30 Jan 2008
• ADAVIATION 2007 FY profit AED 76m +50% 29 Jan 2008
• ShareWadi awards 2007
• What to trade?
• DIC shares trading suspended - GN 30 Jan 08
• FGB 2007 FY profit AED 2bn +31% 29 Jan 2008
• DIC 2007 FY profit AED 1.5bn +52% 29 Jan 2008
• Air Arabia correction due? Jan 2008
• Dubai Financial Market General Index (DFMGI) Comments 01 Dec 07
• 29 January 2008 UAE Dubai, Abu Dhabi business news
• Tamweel in 2008 18 Dec 07
• EMAAR revised report EFG Hermes FV drops - 27 Jan 08
• Are companies required to give dividends?
• AMLAK 2007 FY profit AED 301m 12 Jan 2008
• BOS 2007 FY profit +26% to Dh404 m PR 28 Jan 08
• Noor Islamic Bank
• Emirates Post Islamic Bank licence application - EB 29 Jan 08
• NBAD 2007 FY profit up 19% to AED 2.5 bn - R 28 Jan 2008
• 28 January 2008 UAE stocks and financial news
• Whats happening to the market
• ARABBANK 2007 FY profit +24% to AED 2.8 bn - R 27 Jan 08
• DANA AED 1.8 bn investment Egypt, Iraq, maybe Algeria - R 28 Jan 08
• ETISALAT 2007 FY profit +25% to Dh7.3 bn misses forecasts 28 Jan 08
• EMAAR could drive the DFMGI to new highs

More UAE stock market news and discussions...

best stock rises symbol price change AMAN 28.55 +3.70 +14.9% ADAVIATION 3.83 +0.32 +9.1% ADNIC 10.50 +0.82 +8.5% IAIC 3.58 +0.18 +5.3% JULPHAR 2.45 +0.12 +5.2%

worst stock falls symbol price change DRIVE 4.65 -0.26 -5.3% FGB 22.05 -1.10 -4.8% CBI 3.15 -0.09 -2.8% TKFL 5.81 -0.15 -2.5% FBICO 3.23 -0.06 -1.8%

top volume symbol value (AED) price DFM 434,911,012 5.37 EMAAR 360,489,897 12.30 ALDAR 170,429,044 10.30 DIB 135,901,517 10.65 DIC 125,126,671 5.55

Dubai Financial Market

The DFM index closed at 5,533 today a rise of 0.72% from the previous close. 292 million shares were traded worth 1.5 billion dirhams. Twelve shares advanced and eight shares declined.
The top traded share was DFM rising 3.26% to 5.37 dirhams on volume of 81 million shares traded.

Other shares to rise included: Amlak Finance (AMLAK) 4.39 (2.09%), Emaar Properties (EMAAR) 12.30 (0.40%), Islamic Arab Insurance (IAIC) 3.58 (5.29%) and Dubai Islamic Bank (DIB) 10.65 (3.39%).

Shares to fall included: ARAMEX 2.83 (0.35%), DEYAAR 2.53 (0.39%), Dubai Investments (DIC) 5.55 (0.71%) and GULFNAV 1.51 (1.30%).

Abu Dhabi Securities Market

The ADSM index closed at 4,585 a rise of 0.27% from the previous close. 114 million shares were traded worth 567 million dirhams. Twenty three shares advanced and fifteen declined.
The top traded share was Dana Gas (DANA) falling 0.43% to 2.30 dirhams on volume of 22 million shares traded.

Other shares to fall included: Aabar Petroleum (AABAR) 4.30 (0.92%), First Gulf Bank (FGB) 21.85 (5.62%), Oasis Leasing (OILC) 2.58 (1.53%) and RAK Properties (RAKPROP) 2.48 (0.40%)

Shares to rise included: Aldar Properties (ALDAR) 10.40 (2.97%), Etisalat (ETISALAT) 23.70 (0.85%) and Abu Dhabi National Energy (TAQA) 3.47 (0.87%).

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