UAE markets 14 Aug 2007

UAE market news & discussions for 14 August 2007 A subdued days trading on both UAE markets today with the DFM index rising and the ADSM index falling slightly on moderate volumes. AIRARABIA continues to top trading on the DFM. On the ADSM, ARKAN topped trading rising 0.58% to 1.73 dirhams on turnover of 52 million shares.

• 14 Aug 2007 UAE business and stock news
• 2007 Q2 results for DFM and ADSM companies
• GULFNAV buys AED 400m boat & signs TMT for 3 year lease - PR 14 Aug 07
• NRE - AGM 04 Sep 07 to elect new BOD after resignations - 14 Aug 07
• ARKAN - BOD meeting 13 Aug 2007
• Worldwide Property Show Dubai 01-03 Nov 2007 - PR 14 Aug 2007
• Guggenheim Capital Markets
• Al Qudra IPO plans still go but no date given - PR 14 Aug 2007
• Daman increases Abu Dhabi exposure and eyes Qatar - R 14 Aug 2007
• ETISALAT to bid for Kuwait but not Iraq mobile license - R 14 Aug 2007
• ETISALAT barred from Iraq bidding - BBC 31 Jul 2007
• Borse Dubai - OMX head has 'deep misgivings' about bid - FT 13 Aug 2007
• TABREED Finance VP now also Deputy CEO - PR 13 Aug 2007
• 13 Aug 2007 business and stock news in the UAE
• EMAAR Misr - huge investor response to Uptown Cairo launch PR 12 Aug 07
• DIC > DIP - MCT Group completes plant construction - PR 13 Aug 2007
• Borse Dubai trip to Sweden for OMX bid - R 09 Aug 07
• Borse Dubai - OMX announces shareholding changes PR 13 Aug 2007
• ETISALAT bidding for both fixed and mobile license in Qatar AB 13 Aug 07
• ETISALAT new Data USB Modem for wireless Internet - PR 13 Aug 2007
• Daman Securities International
• SOROUH 2007 H1 profit AED 557m, Q2 profit AED 443m
• AIRARABIA adds security to online booking system - GN 13 Aug 2007
• AIRARABIA call center now open 24 hrs per day - PR 08 Aug 2007
• AIRARABIA - Sharjah-Manama flight demand up 100% - PR 13 Aug 2007

More UAE stock market news and discussions...

best stock rises symbol price change EIC 11.00 +1.00 +10% ASMAK 4.65 +0.42 +9.9% OIC 7.70 +0.35 +4.8% DRIVE 3.29 +0.05 +1.5% ARTC 6.01 +0.09 +1.5%

worst stock falls symbol price change GMPC 4.00 -0.44 -9.9% RAKBANK 6.80 -0.60 -8.1% MAZAYA 7.40 -0.48 -6.1% OEIHC 18.60 -0.80 -4.1% NCTH 4.25 -0.15 -3.4%

top volume symbol value (AED) price DFM 237,607,922 3.04 EMAAR 152,619,935 10.95 AIRARABIA 110,883,981 1.29 ARKAN 91,457,406 1.73 GULFNAV 82,044,534 1.33

Dubai Financial Market

The DFM index finished at 4,299 a rise of 0.06% from the previous close. 235 million shares traded worth 793 million dirhams. Six shares advanced and nine declined.
AIRARABIA topped trading remaining steady at 1.29 dirhams with 85 million shares traded by the close.

Shares to increase included: ARABTEC 6.01 (1.52%), DFM 3.04 (1.33%) and Tamweel PJSC (TAMWEEL) 4.14 (0.48%).

Shares to decrease included: GULFNAV 1.33 (0.74%), Dubai Investments PJSC (DIC) 4.64 (0.21%) and Amlak Finance Company (AMLAK) 3.35 (0.59%).

Abu Dhabi Securities Market

The ADSM index finished at 3,492 a slight fall of 0.37% from the previous close. 138 million shares traded worth 337 million dirhams. Nine shaes advanced and 26 declined.
ARKAN was the top traded share finishing 0.58% up at 1.73 dirhams on turnover of 52 million shares.

Other shares to finish higher included: Abu Dhabi Ship Building (ADSB) 2.99 (1.36%) and Abu Dhabi Commercial Bank (ADCB) 6.49 (0.15%).

Shares to fall included: Dana Gas PJSC (DANA) 1.71 (0.58%), Oasis International Leasing Company PJSC (OILC) 1.67 (1.76%), Sorouh Real Estate (SOROUH) 4.52 (0.44%) and Aldar Properties PJSC (ALDAR) 6.91 (0.72%).

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• Discuss UAE companies at Dubai Share Talk.

UAE markets 13 Aug 2007

UAE market news & discussions for 13 August 2007 DFM was up slightly on very low trading volumes, ADSM dropped marginally on larger trading volumes. Amlak Finance, Gulf Navigation and Dana Gas were the stocks that rocked today, all with rises of about 3% and meaty trading volumes for Dana Gas. Borse Dubai continues to be the talk of the financial world with its OMX bid and officials from both companies meeting in Stockholm today. The DP World IPO news yesterday sounds like it wasn't news after all. Emaar released consolidated financial statements today for 2007 Q2, updating previous results announcement. Other 2007 Q2 results released or updated for Arab Emirates Investment Bank (AEIBANK), Agility (WARE), Al Sagr National Insurance Company (ASNIC), Global Investment House (GLOBAL), Dubai Development Company (DDC), and Sorouh Real Estate (SOROUH).

• 13 Aug 2007 business and stock news in the UAE
• 2007 Q2 results for DFM and ADSM companies
• ADCB launches PayPass equipped MasterCard credit card PR 12 Aug 2007
• AIRARABIA adds security to online booking system - GN 13 Aug 2007
• AIRARABIA call center now open 24 hrs per day - PR 08 Aug 2007
• AIRARABIA - Sharjah-Manama flight demand up 100% - PR 13 Aug 2007
• ARKAN - BOD meeting 13 Aug 2007
• BSE - biggest one-day fall for Bahrain stocks this year - 13 Aug 2007
• Borse Dubai bid for OMX is confusing - DJ 13 Aug 2007
• Borse Dubai trip to Sweden for OMX bid - R 09 Aug 07
• Borse Dubai - OMX announces shareholding changes PR 13 Aug 2007
• Borse Dubai - OMX investors say bid price not the only factor - 12 Aug 07
• Borse Dubai bid for OMX followed Swedish law - 12 Aug 2007
• Borse Dubai interested in LSE stake - 12 Aug 2007
• Daman Securities International opens office in DIFX
• DP World considering AED 7.3 bn IPO ... again - 12 Aug 2007
• DIC > DIP - MCT Group completes plant construction - PR 13 Aug 2007
• EMAAR 2007 profit Q2 AED 1.548 bn +1%, H1 AED 3.267 bn +7%
• EMAAR Misr - huge investor response to Uptown Cairo launch PR 12 Aug 07
• ETISALAT bidding for both fixed and mobile license in Qatar AB 13 Aug 07
• ETISALAT new Data USB Modem for wireless Internet - PR 13 Aug 2007
• FGB finances Royal Jet aircraft purchase - PR 13 Aug 2007
• SOROUH 2007 H1 profit AED 557m, Q2 profit AED 443m
• SOROUH share price more than doubles in 2007 - GN 13 Aug 2007
• TABREED Finance VP now also Deputy CEO - PR 13 Aug 2007

More UAE stock market news and discussions...

best stock rises symbol price change NMDC 4.96 +0.45 +10% UAB 7.43 +0.66 +9.7% RAKBANK 7.40 +0.50 +7.2% INVESTB 2.95 +0.10 +3.5% GULFNAV 1.34 +0.04 +3.1%

worst stock falls symbol price change AWNIC 4.60 -0.51 -10% FBICO 1.69 -0.11 -6.1% GGICO 8.10 -0.20 -2.4% NBAD 19.00 -0.45 -2.3% NBD 8.89 -0.21 -2.3%

top volume symbol value (AED) price ALDAR 184,621,539 6.96 DANA 129,347,301 1.72 ARKAN 102,539,174 1.72 AIRARABIA 100,920,158 1.29 OILC 88,191,281 1.70

Dubai Financial Market

The DFMGI rose 0.4% to 4297 in late trading after a depressing start. Turnover of AED 354m dhs was relatively light, with just 4 stocks falling, 3 unchanged, and 14 rising.

GULFNAV and Amlak Finance Company (AMLAK) rose 3.1% to 1.34 and 3.37 respectively. DFM shares were up 2% to 3.00, AIRARABIA was up 1.6% to 1.29, and Emaar Properties PJSC (EMAAR) was up 1.4% to 10.95 from just 60m dhs worth of trades.

National Bank of Dubai (NBD) was down by 2.3% to 8.89, Emirates Bank International Group (EBI) down 1.1% to 9.25 and Shuaa Capital PJSC (SHUAA) fell just 0.4% to 5.00.

Abu Dhabi Securities Market

The ADSM index was down just over a point, or 0.04%, to 3505 from decent enough turnover of 668m dhs.

Dana Gas PJSC (DANA) had a good day with a 3% rise to 1.71 and 129m dhs worth of trades, ARKAN and Ras Al Khaimah Properties PJSC (RAKPROP) also busy but up just one fil each to 1.72 and 1.69 respectively. Abu Dhabi National Energy Company (TAQA) rose 1.4% and the remaining rises were on few trades or amounts less than 1%.

Falls of 2.3% to 19.25 for National Bank of Abu Dhabi (NBAD), 0.8% to 17.55 for Emirates Telecommunications Company (ETISALAT), and otherwise less than 1% or on thin trading.
Aldar Properties PJSC (ALDAR) was the most actively traded stock today on turnover, falling by just 0.3% to 6.83 and 185m dhs worth of deals. Oasis International Leasing Company PJSC (OILC) took a breather after yesterday's big day and closed flat on much reduced volume.

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UAE markets 12 Aug 2007

UAE market news & discussions for 12 August 2007 No major fallout from the subprime crisis on UAE markets. The ADSM index finished 0.46% higher and the DFM index finished 0.14% lower. Trading on the ADSM was dominated by OILC finishing 5.59% higher at 1.70 dirhams on 249 million shares traded. Trading on the DFM was light but was dominated by AIRARABIA finishing steady at 1.27 dirhams on 65 million shares traded. In company news EMAAR made the top ten of the new S&P/IFG (Extended Frontier 150 index). Stocks are drawn from 26 emerging countries.

• MEED Dubai Real Estate Report 2007
• Subprime crisis, Implications for UAE Markets
• IAIC 2007 H1 profit AED 65m -36%, 2007 Q2 profit AED 34m +5%
• 12 Aug 2007 UAE companies and financial news
• DU to pull "offensive" British anthem advert - GN 06 Aug 2007
• DANA - Iran gas deal still alive says Crescent - 11 Aug 2007
• UAE oil and gas concessions may be broken up - 11 Aug 2007
• TAQA emiratisation to reach 40% in 2008 - PR 11 Aug 2007
• DIB - 2 new branches opened in Dubai, 11 more to come - PR 11 Aug 07
• Borse Dubai asked for clarification on OMX bid by Sweden - 10 Aug 2007
• ETISALAT Egypt to bid for Egypt's second fixed line license - 04 Jul 07
• ETISALAT to bid for second Qatar mobile license - 03 Jul 07
• ETISALAT will also bid for fixed line license in Qatar - GN 09 Aug 2007
• EMAAR 2007 profit Q2 AED 1.548 bn +1%, H1 AED 3.267 bn +7%
• FOODCO 2007 H1 loss AED -1m -101%, 2007 Q2 loss AED -6m -152%
• 11 Aug 2007 companies and business news for the UAE
• DGCX - interview with chairman Colin Griffith - ET 10 Aug 2007
• Emirates says no plans to increase SriLankan Airlines stake - 10 Aug 07
• EFG-Hermes plans to increase Saudi portfolio - R 10 Aug 2007
• GULFNAV - supertanker shortage may raise shipping costs - BB 10 Aug 07
• World stocks fall again after ECB cash injection - 10 Aug 2007
• ETISALAT to increase monitoring of illegal products sold online 10 Aug 07
• Borse Dubai - Per Larsson making mischief for the OMX - FT 09 Aug 07
• Borse Dubai trip to Sweden for OMX bid - R 09 Aug 07
• Borse Dubai to buy 25% of OMX? Here we go again ... 09 Aug 07

More UAE stock market news and discussions...

best stock rises symbol price change AWNIC 5.11 +0.46 +9.9% EIC 10.00 +0.73 +7.9% OILC 1.70 +0.09 +5.6% RAKPROP 1.71 +0.07 +4.3% CBD 8.40 +0.30 +3.7%

worst stock falls symbol price change NMDC 4.51 -0.24 -5.1% UNION 2.20 -0.09 -3.9% ASMAK 4.23 -0.15 -3.4% TABREED 2.52 -0.04 -1.6% TAMWEEL 4.11 -0.06 -1.4%

top volume symbol value (AED) price OILC 425,379,910 1.70 RAKPROP 112,100,671 1.71 ALDAR 97,489,231 6.98 ARKAN 90,942,776 1.71 AIRARABIA 82,939,676 1.27

Dubai Financial Market

The DFM index finished at 4,279 a slight fall of 0.14% from the previous close. 111 million shares traded worth 260 million dirhams. Seven shares advanced and ten declined.
AIRARABIA topped trading finishing steady at 1.27 dirhams on turnover of 65 million shares.

Shares to advance included: Arab Insurance Group (ARIG) 3.18 (2.58%), Emirates Integrated Telecommunications Company (DU) 4.97 (1.015), GGICO 8.30 (3.10%) and GULFNAV 1.30 (0.77%).

Shares to decline included: ARAMEX 2.56 (0.77%), Dubai Investments PJSC (DIC) 4.61 (0.86%), Emaar Properties PJSC (EMAAR) 10.80 (0.46%), Tamweel PJSC (TAMWEEL) 4.11 (1.43%) and UNIONPROP 3.28 (1.20%).

Abu Dhabi Securities Market

The ADSM index finished at 3,506 a rise of 0.46% from the previous close. 460 million shares traded worth 924 million dirhams. Twenty shares advanced and fourteen declined.
Oasis International Leasing Company PJSC (OILC) dominated trading finishing up 5.59% at 1.70 dirhams on a massive turnover of 249 million shares.

Other shares to rise included: ARKAN 1.71 (0.59%), Dana Gas PJSC (DANA) 1.67 (1.83%), AGTHIA 1.99 (2.58%) and Ras Al Khaimah Properties PJSC (RAKPROP) 1.71 (4.27%)

Shares to decline included: Abu Dhabi National Energy Company (TAQA) 2.86 (0.35%), Commercial Bank International (CBI) 2.26 (0.88%) and ABAR 3.63 (0.27%).

Aldar Properties PJSC (ALDAR) finished steady at 6.98 dirhams on turnover of 13 million shares.

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UAE markets 09 Aug 2007

UAE market news & discussions for 09 August 2007 DFM rose slightly with no significant movements or volumes with Air Arabia shares leveling off after a good week. ADSM also rose slightly with heavy trading in Oasis Leasing after yesterday's board meeting disclosed nothing in their statement to ADSM. Bank of Sharjah shares also shone after ShareWadi's lucky pick yesterday. The new Borse Dubai kicks off in style by making news headlines around the world as it apparently starts buying shares in OMX. Except the deputy chairman says they know nothing about it. Standard & Chartered and National Bank of Dubai both had something to say about the UAE currency rates. 2007 Q2 results released for United Kaipara Dairy Company (UNIKAI), National Cement Company (NCC), Abu Dhabi National Foodstuff (FOODCO), National Real Estate Company (NRE), International Financial Advisers (IFA), Gulf General Investment Company (GGICO), and Gulfa Mineral Water (GULFA).

• 09 Aug 2007 UAE finance, and stock news
• AABAR general assembly meeting 19 Aug 2007 - Dalma sale?
• Borse Dubai to buy 25% of OMX? Here we go again ... 09 Aug 07
• DANA - gas discovery from Dabayaa-1 well in Egypt - PR 08 Aug 2007
• DANA - Iran may sell Crescent gas to someone else 08 Aug 2007
• DIFC - PwC to sponsor Hawkamah corporate governance - 09 Aug 2007
• EBI - TechnoPark signs MoU with Emirates Bank - PR 08 Aug 07
• EMAAR Jordan Samarah Hillsides sales start on 11 Aug - PR 09 Aug 07
• NBAD BOD meeting to consider AED 2 bn convertible bonds - 23 Jul 2007
• NBD report says GCC should change exchange rate policy 08 Aug 07
• OILC Board of Directors meeting - 08 Aug 2007
• UPP - AUD engineering students complete internship - PR 08 Aug 2007
• UAE currency reform still possible says Standard Chartered - 09 Aug 07
• Middle East Insurance Review profiles UAE companies - PR 07 Aug 2007
• 2007 Q2 results for DFM and ADSM companies
• August 2007 top stock picks by Fundamental Analysis
• Stock Picks by Technical Analysis August 2007

More UAE stock market news and discussions...

best stock rises symbol price change BOS 2.77 +0.19 +7.4% OILC 1.61 +0.07 +4.5% UNION 2.29 +0.09 +4.1% ASMAK 4.38 +0.15 +3.5% GGICO 8.05 +0.25 +3.2%

worst stock falls symbol price change AKIC 1.61 -0.16 -9% NBQ 4.75 -0.20 -4% FOODCO 4.31 -0.17 -3.8% GLOBAL 10.70 -0.35 -3.2% BILDCO 3.95 -0.09 -2.2%

top volume symbol value (AED) price OILC 185,942,189 1.61 ALDAR 97,680,224 6.98 EMAAR 97,214,495 10.85 AIRARABIA 93,422,393 1.27 RAKPROP 43,912,809 1.64

Dubai Financial Market

It was another day of slim pickings on DFM with traded value down to AED 388m and a 0.28% rise to 4286 points.

AIRARABIA shares which have made up the bulk of trading on the DFM this week, slipped to second place by value with a slight fall of 0.8% to 1.27. Emaar Properties PJSC (EMAAR) shares were at the top of the traded value list with a still thin 100m dhs worth and no change in share price at 10.85.

Dubai Investments PJSC (DIC) was the most significant gain of just 1.3%, and Arabtec Holding PJSC (ARTC) rose 1.2%. GGICO and MAZAYA rose about 3% each on very few trades.

Global Investment House (GLOBAL) fell 3.2% from just one trade. No other rises or falls of more than 1%.

Abu Dhabi Securities Market

The ADSM index rose 0.26% to 3491 from a solid 545m dhs of trading, ahead of DFM for a change, and 21 stocks rising while 10 fell and 8 were unchanged.

Bank Of Sharjah (BOS) was the surprise winner on ADSM today with a 7.4% rise to 2.80 from much higher than usual volume. Oasis International Leasing Company PJSC (OILC) however, dominated trading with AED 186m dhs worth of deals and a 2.6% rise to 1.64.

Other rises for Aldar Properties PJSC (ALDAR) up 1.5% from 100m dhs worth of trading, UNION up 4.1% from an unusually high number of trades, Ras Al Khaimah Properties PJSC (RAKPROP) up 1.9%, and Sorouh Real Estate (SOROUH) up 1.3%.

No falls of any note. AKIC dropped on just 2 trades. First Gulf Bank (FGB), Emirates Telecommunications Company (ETISALAT), and AGTHIA share price remained flat.

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• Discuss UAE companies at Dubai Share Talk.

UAE markets 08 Aug 2007

UAE market news & discussions for 08 August 2007 Both UAE market indicies finished up today on improved trading volumes. AIRARABIA and OILC dominated trading on DFM and ADSM repectively. Standard Chartered Bank raised its 2007 inflation forecast for the UAE to 9.3% still down from 13.8% from 2006. According to one report UAE real GDP growth rates will slow: 2006 9.7% to $163b 2007 8.0% to $182b 2008 6.9% to $195b Some fundamental forecasts with implications for share traders and investors.

• Deyaar to list on 22 Aug 2007!
• S&P launches frontier equity markets first investable index - 08 Aug 07
• ALDAR - Al Raha JV partner Laing O'Rourke Q2 profit up 40% - 08 Aug 07
• RAKCC - 20% of shares sold to Hydra Properties - PR 08 Aug 07
• ETISALAT - reduces prices of BlackBerry 8100 & 8700 units - PR 08 Aug 07
• MASQ borrows AED 1.8 bn from international investors - AB 08 Aug 07
• Al Qudra signs MoU for Sidi Faradj development in Algeria - 08 Aug 07
• EMAAR - Alabbar to headline Nov 07 AB media event - 07 Aug 2007
• EMAAR Jordan finishes Samarah presentation center - PR 07 Aug 07
• EMAAR EC MoU with Arabian BEMCO for KAEC power plant - 07 Aug 07
• UNB - Banker Magazine global rating jumps 300 places - 07 Aug 07
• MFS International
• RAPCO - egg prices rise in the UAE after import ban - GN 08 Aug 07
• MASQ selects Hypercom's mobile payment terminals - PR 08 Aug 2007
• DGCX $2.3bn (AED 8.5 bn) worth of contracts traded in July 07 - 08 Aug 07
• DGCX steel plastics futures in H2, maybe electricity later - 08 Aug 2007
• Amlak Finance to be founding shareholder of Egypt's EMRC - PR 08 Aug 07
• QTEL and Asia Cell will bid for Iraq mobile license - ADSM 07 Aug 2007
• Stock Picks by Technical Analysis August 2007
• August 2007 top stock picks by Fundamental Analysis
• 08 Aug 2007 UAE business, finance, and stock news
• 2007 Q2 results for DFM and ADSM companies
• ETISALAT - no per second charging yet & no comment - GN 07 Aug 2007
• EFG Hermes tops in Research at Euromoney Survey
• ETISALAT to charge mobile calls per second - GN 03 Dec 2006

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best stock rises symbol price change NMDC 4.75 +0.43 +10% DNIR 3.50 +0.16 +4.8% QTEL 233.00 +10.00 +4.5% IAIC 3.25 +0.11 +3.5% ARTC 5.88 +0.19 +3.3%

worst stock falls symbol price change ASMAK 4.23 -0.47 -10% EIC 9.27 -1.03 -10% CBD 8.10 -0.40 -4.7% NBD 9.05 -0.15 -1.6% JULPHAR 1.95 -0.03 -1.5%

top volume symbol value (AED) price AIRARABIA 306,007,767 1.28 OILC 136,081,685 1.57 ALDAR 129,839,500 6.88 EMAAR 98,687,899 10.85 IAIC 60,299,969 3.25

Dubai Financial Market

The DFM index finished stronger today at 4,273 a rise of 0.26%. 334 million shares traded worth 671 million dirhams. Fourteen shares advanced and three shares declined.
AIRARABIA topped the share trading finishing stady at 1.28 on a volume of 237 million.

Shares that rose included: ARABTEC 5.88 (3.33%), DFM 2.96 (0.68%), Emaar Properties PJSC (EMAAR) 10.85 (0.93%), GULFNAV 1.30 (0.77%), Islamic Arab Insurance Company PSC (IAIC) 3.25 (3.50%) and Tamweel PJSC (TAMWEEL) 4.13 (1.72%).

Shares that declined included Commercial Bank of Dubai (CBD) 8.10 (4.705), National Bank of Dubai (NBD) 9.05 (1.63%) and Shuaa Capital PJSC (SHUAA) 5.00 (0.19%).

Abu Dhabi Securities Market

The ADSM index finished stronger today at 3,481 a rise of 0.24%. 176 million shares traded worth 468 million dirhams. Twenty one shares advanced and ten declined.
Oasis International Leasing Company PJSC (OILC) dominated trading finishing 2.61% up at 1.57 on a volume of 86 million.

Other shares to rise included: Aldar Properties PJSC (ALDAR) 6.88 (1.93%), ARKAN 1.69 (0.60%), Dana Gas PJSC (DANA) 1.63 (1.24%) and Sorouh Real Estate (SOROUH) 4.51 (0.89%).

Shares to decline on small volumes included: Ras Al Khaimah Cement Company (RAKCC) 2.23 (0.45%) and Abu Dhabi Commercial Bank (ADCB) 6.41 (0.31%).

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

UAE markets 07 Aug 2007

UAE market news & discussions for 07 August 2007 Trading volume recovered today on the DFM led by very strong trading in AIRARABIA. 442 million shares traded in AIRARABIA and they finished 4.91% up at 1.28 dirhams, comprising over 80% of all shares traded. Trading was steady on the ADSM dominated by ARKAN finishing 2.44% up at 1.68 dirhams.

• 07 Aug 2007 UAE business, finance, and stock news
• QTEL and Asia Cell will bid for Iraq mobile license - ADSM 07 Aug 2007
• ETISALAT - no per second charging yet & no comment - GN 07 Aug 2007
• ETISALAT to charge mobile calls per second - GN 03 Dec 2006
• DFM & Arab stock exchanges facts and figures 2006 - KT 07 Aug 07
• NBAD CEO comments on mergers, expansion & bonds - R 06 Aug 07
• NBAD supports Al Dheyaa Rehabilitation Centre - PR 06 Aug 07
• ADIB report from Global gives [BUY] recommendation - 06 Aug 2007
• 2007 Q2 results for DFM and ADSM companies
• DIFX new chairman and changes in BOD - PR 28 Jun 2007
• Borse Dubai - merger of DFM and DIFX? PR 06 Aug 07
• Stock Picks by Technical Analysis July 2007
• BOS 2007 profit Q2 AED 110m +63%, H1 AED 153m +22% from 2006
• TKFL 2007 H1 profit AED 9m +16%, 2007 Q2 profit AED 2m -15%
• EIB 2007 Q2 profit AED 34m +19%, 2007 H1 profit AED 76m +48%
• The World's Most Influential Arabs
• EBI-NBD Emirates NBD share swap terms and timetable - 31 Jul 2007
• WARE Agility 2006 FY results late, trading suspended - 15 Mar 07
• A UK Hedge...
• DU & Marhaba to offer Visitor Mobile Line Packs at DXB airport 05 Aug 07
• DFSA signs MoU with financial authority (FME) in Iceland - PR 06 Aug 07
• IFA Hotels & Resorts Zilwa new development in Seychelles - 05 Aug 07
• TAQA 2007 H1 profit AED 249m +26%, 2007 Q2 profit AED 186m +43%
• EMAAR launch Ghadeer townhomes with EIB finance - PR 05 Aug 07
• NBAD - AED 480m loan to Gulf Fluor for new fluorides plant - 05 Aug 07

More UAE stock market news and discussions...

best stock rises symbol price change QCEM 2.43 +0.22 +10% MAZAYA 7.65 +0.63 +9% RAPCO 3.82 +0.29 +8.2% AKIC 1.72 +0.12 +7.5% TKFL 5.29 +0.34 +6.9%

worst stock falls symbol price change EIC 10.30 -1.05 -9.3% RAKCEC 4.56 -0.39 -7.9% BOS 2.58 -0.09 -3.4% ADSB 2.86 -0.09 -3.1% ASMAK 4.70 -0.14 -2.9%

top volume symbol value (AED) price AIRARABIA 560,884,893 1.28 EMAAR 108,063,514 10.75 ARKAN 74,855,827 1.68 DFM 57,267,666 2.94 ALDAR 56,091,406 6.75

Dubai Financial Market

the DFM index finished at 4,262 an increase of 0.36% from the previous close. 549 million shares traded worth 920 million dirhams. Sixteen shares advanced and two declined.
AIRARABIA continues to dominate trade with 442 million shares trading comprising over 80% of all shares traded. They finished at 1.28 dirhams an increase of 4.91%.

Other shares to rise included: DFM 2.49 (0.68%), GULNAV 1.29 (1.57%), National General Cooling Company PJSC (TABREED) 2.54 (1.60%) and Islamic Arab Insurance Company PSC (IAIC) 3.14 (1.94%).

Shares that fell included: Emirates Integrated Telecommunications Company (DU) 4.93 (0.40%), Emirates Bank International Group (EBI) 9.30 (0.32%) on very small volumes.

Abu Dhabi Securities Market

The ADSM index finished at 3, 473 an increase of 0.39% from the previous close. 102 million shares traded worth 276 million dirhams. Twenty two shares advanced and twelve declined.
ARKAN was the top traded share finishing up 2.44% at 1.68 dirhams.

Other shares to rise included: Aldar Properties PJSC (ALDAR) 6.75 (1.81%), Dana Gas PJSC (DANA) 1.61 (0.63%) and Ras Al Khaimah Properties PJSC (RAKPROP) 1.61 (2.55%).

Shares that fell included: Sorouh Real Estate (SOROUH) 4.47 (0.22%), Ras Al Khaimah White Cement Company (RAKWCT) 2.11 (0.47%), Emirates Telecommunications Company (ETISALAT) 17.75 (0.57%) and Bank Of Sharjah (BOS) 2.58 (3.37%).

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

UAE markets 06 Aug 2007

UAE market news & discussions for 06 August 2007 Another subdued days trading today on UAE markets with the DFM and ADSM index both finishing slightly higher on modest volumes. AIRARABIA continues to dominate trading on the DFM finishing 2.52% up at 1.22 dirhams with 124 million shares traded. On the ADSM, ARKAN topped trading finishing 3.14% up at 1.64 dirhams on turnover of 40 million shares.

• EBI-NBD Emirates NBD share swap terms and timetable - 31 Jul 2007
• WARE Agility 2006 FY results late, trading suspended - 15 Mar 07
• A UK Hedge...
• DU & Marhaba to offer Visitor Mobile Line Packs at DXB airport 05 Aug 07
• DFSA signs MoU with financial authority (FME) in Iceland - PR 06 Aug 07
• 06 Aug 2007 UAE business, finance, and stock news
• IFA Hotels & Resorts Zilwa new development in Seychelles - 05 Aug 07
• TAQA 2007 H1 profit AED 249m +26%, 2007 Q2 profit AED 186m +43%
• EMAAR launch Ghadeer townhomes with EIB finance - PR 05 Aug 07
• NBAD - AED 480m loan to Gulf Fluor for new fluorides plant - 05 Aug 07
• ARMX partners with BizX Trading for B2B barter exchange PR 05 Aug 07
• ADSB wins refit contract for Bahrain coast guard boats - PR 05 Aug 07
• DIB - Al Islami Home Refinance launched - PR 05 Aug 2007
• ADCB new finance JV with ALDAR, SOROUH & Mubadala - 03 Jul 07
• SHUAA - share buyback approval expires - 02 Aug 2007
• SHUAA EGM agenda 05 Aug 07 - foreign ownership and AED 1.5 bn bonds
• 2007 Q2 results for DFM and ADSM companies
• 05 Aug 2007 UAE business, finance, and stock news
• TAQA - Moody's and S&P ratings assigned to CP program KT 04 Aug 07
• ARMX 2007 H1 profit AED 63m +39%, 2007 Q2 profit AED 33m +36%
• MASQ 2007 H1 profit AED 956m +45%, Q2 profit AED 511m +61%
• SCIDC 2007 H1 profit AED 167m +16%, 2007 Q2 profit AED 93m +37%
• NGI 2007 H1 profit AED 40m +212%, 2007 Q2 profit AED 33m +216%
• DHAFRA 2007 H1 profit AED 33m +8%, 2007 Q2 profit AED 20m +55%
• EMAAR - share buyback approval expires - 02 Aug 2007

More UAE stock market news and discussions...

best stock rises symbol price change RAKCEC 4.95 +0.45 +10% AWNIC 4.41 +0.40 +10% UNION 2.18 +0.16 +7.9% ABNIC 7.70 +0.45 +6.2% BOS 2.67 +0.15 +6%

worst stock falls symbol price change WARE 22.10 -2.65 -10.7% ASMAK 4.84 -0.52 -9.7% MAZAYA 7.02 -0.53 -7% EIC 11.35 -0.65 -5.4% ARIG 3.02 -0.16 -5%

top volume symbol value (AED) price AIRARABIA 150,335,984 1.22 DIB 67,856,504 9.95 DFM 67,695,199 2.92 ARKAN 66,562,691 1.64 EMAAR 58,112,011 10.75

Dubai Financial Market

The DFM index finished at 4,247 a rise of 0.22% from the previous close. 192 million shares traded worth 444 million dirhams. Five shares advanced and thirteen declined.
AIRARABIA topped the trading finishing at 1.22 an increase of 2.52% on 124 million shares traded. This represented approx 75% of all shares traded.

Other shares to increase included Emaar 10.75 (0.46%) and GULFNAV 1.27 (0.79%).

Shares that declined included DFM 2.92 (0.34%), Dubai Islamic Bank (DIB) 9.95 (0.20%), Tamweel PJSC (TAMWEEL) 4.01 (0.49%) and Dubai Investments PJSC (DIC) 4.55 (0.65%)

Abu Dhabi Securities Market

The ADSM index finished at 3,460 a rise of 0.32% from the previous close. 100 million shares traded worth 225 million dirhams. Twenty four shares advanced and twelve declined.
ARKAN topped the trading finishing at 1.64 an increase of 3.14% on 40 million shares traded.

Other shares to increase included Dana Gas PJSC (DANA) 1.60 (1.27%), Oasis International Leasing Company PJSC (OILC) 1.53 (1.32%) and Ras Al Khaimah Cement Company (RAKCC) 2.23 (0.91%).

Two shares declined on significant volume: Aldar Properties PJSC (ALDAR) 6.63 (0.75%) and Ras Al Khaimah Properties PJSC (RAKPROP) 1.57 (0.63%).

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UAE markets 05 Aug 2007

UAE market news & discussions for 05 August 2007 An extremely lacklustre day of trading on both markets. Despite the volatility through the trading session both market indicies finished marginally down. Trading on the DFM was overwhelmingly dominated by AIRARABIA comprising over 80% of all trades and finishing down 1.65% at 1.19 dirhams. On the ADSM, OILC was the top traded share finishing unchanged at 1.51 dirhams.

• SHUAA EGM agenda 05 Aug 07 - foreign ownership and AED 1.5 bn bonds
• 2007 Q2 results for DFM and ADSM companies
• 05 Aug 2007 UAE business, finance, and stock news
• TAQA 2007 H1 profit AED 249m +26%, 2007 Q2 profit AED 186m +43%
• TAQA - Moody's and S&P ratings assigned to CP program KT 04 Aug 07
• ARMX 2007 H1 profit AED 63m +39%, 2007 Q2 profit AED 33m +36%
• MASQ 2007 H1 profit AED 956m +45%, Q2 profit AED 511m +61%
• SCIDC 2007 H1 profit AED 167m +16%, 2007 Q2 profit AED 93m +37%
• NGI 2007 H1 profit AED 40m +212%, 2007 Q2 profit AED 33m +216%
• DHAFRA 2007 H1 profit AED 33m +8%, 2007 Q2 profit AED 20m +55%
• EMAAR - share buyback approval expires - 02 Aug 2007
• Share buybacks for UAE stocks
• 04 Aug 2007 UAE business, finance, and stock news
• Stock Picks by Technical Analysis August 2007
• 03 Aug 2007 UAE business and stock news
• AIRARABIA 2007 H1 profit AED 115m +342%, Q2 profit AED 72m +66%
• DRC first trade since listing - 01 Aug 2007
• SHUAA - share buyback approval expires - 02 Aug 2007
• UPP 2007 profit H1 AED 295m +26%, Q2 AED 154m +26% from 2006
• UAE 2007 H1 results exceed expectations - Gulf News 02 Aug 2007
• SOROUH invests in RealMAROC project says RealCAPITA - GDN 02 Aug 07
• TAQA to buy and develope power plants in Canada - R 01 Aug 2007
• TAQA BOD meeting approves AED 3.67 bn notes program - 01 Aug 07
• IFA investment in bank in Portugal - 02 Aug 2007
• EMAAR, The Economic City AED 250m contract with Huta PR 02 Aug 07

More UAE stock market news and discussions...

best stock rises symbol price change QCEM 2.25 +0.20 +9.8% ARIG 3.18 +0.17 +5.6% NCC 10.70 +0.40 +3.9% SHUAA 5.01 +0.14 +2.9% NMDC 4.32 +0.06 +1.4%

worst stock falls symbol price change ASMAK 5.36 -0.59 -9.9% RAPCO 3.53 -0.38 -9.7% TKFL 4.90 -0.52 -9.6% ABNIC 7.25 -0.75 -9.4% UNION 2.02 -0.18 -8.2%

top volume symbol value (AED) price AIRARABIA 254,950,860 1.19 EMAAR 136,276,886 10.70 DIB 37,942,512 9.97 ALDAR 28,102,771 6.68 OILC 25,656,302 1.51

Dubai Financial Market

The DFM index finished at 4,238 a fall of 0.32% from Thursdays close. 256 million shares traded worth 516 million dirhams. Eight shares advanced and twelve declined.
AIRARABIA continues to dominate trading comprising over 80% of all shares traded on the DFM, finishing at 1.19 a fall of 1.65%.

Other shares to decline included DFM 2.93 (0.67%), Emaar Properties PJSC (EMAAR) 10.70 (1.38%) and National General Cooling Company PJSC (TABREED) 2.51 (0.39%).

Shares that rose included ARABTEC 5.65 (0.89%), Dubai Islamic Bank (DIB) 9.97 (0.30%) and UNION 3.26 (0.61%)

GULFNAV finished steady at 1.26 on volume of 9 million shares traded.

Abu Dhabi Securities Market

The ADSM index finished at 3,448 a fall of 0.06% from Thursday close. 35 million shares traded worth 104 million dirhams. Ten shares advanced and twenty five declined.
Oasis International Leasing Company PJSC (OILC) was the top traded share finishing steady at 1.51 dirhams on 16 million shares traded.

Shares that rose included: Emirates Telecommunications Company (ETISALAT) 17.65 (1.15%), Ras Al Khaimah Cement Company (RAKCC) 2.21 (0.45%), QCEM 2.25 (9.76%).

Shares that declined included: ABAR 3.55 (1.11%), Abu Dhabi Commercial Bank (ADCB) 6.25 (1.11%), Aldar Properties PJSC (ALDAR) 6.68 (0.45%), Sorouh Real Estate (SOROUH) 4.48 (0.22%)

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UAE markets 02 Aug 2007

UAE market news & discussions for 02 August 2007 Air Arabia shares took off, so to speak, today on solid volumes and a big jump in price but otherwise it was a relatively uninspiring day for DFM and ADSM with thin volumes and small increases. 2007 first half year earnings information and updates released today for Aramex, Alliance Insurance, MashreqBank, Gulf Navigation and Union Properties. ESCA announced the the approval for Emaar to buyback shares had expired, and Emaar had not made any purchases. Shuaa got the same letter, although they did buy back some shares along the way. Agility (Public Warehousing) EGM approved the 20% bonus shares.

• 02 Aug 2007 UAE business and stock news
• 2007 Q2 results for DFM and ADSM companies
• AABAR 2007 H1 profit AED 25m -61%, Q2 profit AED 23m +17%
• Dubai Property - Boom or Bust? GW 01 Aug 2007
• EBI 2007 H1 profit AED 1.20bn +24%, Q2 profit AED 626m +70%
• EMAAR - share buyback approval expires - 02 Aug 2007
• EMAAR, The Economic City AED 250m contract with Huta PR 02 Aug 07
• IFA investment in bank in Portugal - 02 Aug 2007
• RAKCEC enters a partnership ... with who? 02 Aug 2007
• SHUAA - share buyback approval expires - 02 Aug 2007
• SOROUH invests in RealMAROC project says RealCAPITA - GDN 02 Aug 07
• TAQA to buy and develope power plants in Canada - R 01 Aug 2007
• TAQA BOD meeting approves AED 3.67 bn notes program - 01 Aug 07
• UPP 2007 profit H1 AED 295m +26%, Q2 AED 154m +26% from 2006
• UAE 2007 H1 results exceed expectations - Gulf News 02 Aug 2007

More UAE stock market news and discussions...

best stock rises symbol price change IFA 13.20 +1.70 +14.8% ADNIC 8.75 +0.75 +9.4% MAZAYA 7.55 +0.55 +7.9% DRIVE 3.28 +0.23 +7.5% AIRARABIA 1.21 +0.08 +7.1%

worst stock falls symbol price change UNION 2.20 -0.19 -7.9% ABNIC 8.00 -0.67 -7.7% DNIR 3.34 -0.17 -4.8% NMDC 4.26 -0.19 -4.3% NBD 8.85 -0.30 -3.3%

top volume symbol value (AED) price AIRARABIA 873,473,192 1.21 EMAAR 76,144,667 10.85 ALDAR 44,442,734 6.71 TAQA 37,188,578 2.84 ARKAN 23,530,522 1.59

Dubai Financial Market

The DFMGI was up by just 0.31% to 4252 and traded value just over 1 billion dhs, with AIRARABIA responsible for over 80% of that and a storming 7% increase to 1.21. It seems unlikely to be related to results since they were already released over a week ago.

Emirates Bank International Group (EBI) rose 2.8% to 9.25 from just 5 trades, Emaar Properties PJSC (EMAAR) was up by 1.4% to 10.85 and the remainder of the actively traded stocks increasing were up by less than 1%. International Financial Advisors KSCC (IFA) topped the gainers list with just 4 small trades.

Shuaa Capital PJSC (SHUAA) fell by 2.6% to 4.87, although with just one trade today, it hardly deserves to be rated as one of DFM's more active stocks. National Bank of Dubai (NBD) was down by 3.3% to 8.85, Emirates Integrated Telecommunications Company (DU) dropped 1.2% and National General Cooling Company PJSC (TABREED), AMAN, and Arabtec Holding PJSC (ARTC) fell by less than 1%.

Abu Dhabi Securities Market

ADSM rose just 0.16% to 3451 with a relatively light 200m dhs worth of trading and a fairly even split between gainers and losers today.

Winners that were actively traded included Abu Dhabi National Energy Company (TAQA) up 3.3% to 2.84, Abu Dhabi Commercial Bank (ADCB) up 2.8% to 6.22, and Oasis International Leasing Company PJSC (OILC) up 1.3% to 1.52. National Bank of Abu Dhabi (NBAD) was up by just 0.5% from thin trading.

Losers included Abu Dhabi National Company for Building Materials (BILDCO) down 1.8% to 3.84, Aldar Properties PJSC (ALDAR) down 1.8% to 6.79, and Emirates Telecommunications Company (ETISALAT) down just 0.6% to 17.45.

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UAE markets 01 Aug 2007

UAE market news & discussions for 01 August 2007 Consistent with the flip flop summer scene both markets in the UAE fell today after yesterdays rise. The DFM index finished down 0.82% and the ADSM index down 0.99%. Volume traded was modest for both markets. On the DFM, AIRARABIA continues to dominate trading representing over 50% of shares traded. On the ADSM, ADCB continues its slide closing another 3.91% down at 6.15 dirhams.

• DFM - Public Listed Companies Guide 2006 - PR 31 Jul 2007
• SHUAA - interview with CIO Samer Hamwi - CPI 31 Jul 2007
• EBI - closes AED 900m loan for Sekerbank TAS in Turkey - PR 31 Jul 2007
• CBD - Attijari mobile banking offers more services PR 31 Jul 2007
• IFA Hotels & Resorts launches Zimbali timeshare - PR 31 Jul 2007
• Sharjah Islamic Financial Services (SIFS) - SIB subsidiary
• FGB gives away AED 2 m Jumeirah Beach apartment - PR 31 July 2007
• ETISALAT - new loyalty scheme gives 'More' reward points PR 31 Jul 2007
• DFSA action against Bumfrey and First Persian Equity Fund - PR 31 Jul 07
• DFSA anti-fraud requirements praised by compliance firm - PR 30 Jul 2007
• MAZAYA - AED 800m contract to General Construction Co - PR 31 Jul 07
• DME - Oman oil futures trading down by half - R 31 July 2007
• AABAR - expansion plans after Dalma Energy sale - 01 Aug 2007
• AABAR sells Dalma oil rig unit to GulfCap for AED 1.6 bn - 29 Jul 07
• Al Hilal Islamic Bank
• RAPCO - ban on import of Indian poultry products - 30 Jul 2007
• DIC > DIRC total projects from AED 4 bn to 14 bn in 2007 - KT 01 Aug 07
• Stock Picks by Technical Analysis July 2007
• 2007 Q2 results for DFM and ADSM companies
• 01 Aug 2007 UAE business and stock news
• NBD 2007 H1 profit AED 651m +29%, Q2 AED 349m +41%
• UAB - may sell stake to Qatar's Commercialbank - R 29 Jul 2007
• DU 2007 H1 loss AED -497m -276%, Q2 AED -281m -265%
• ABNIC: stable outlook & BBB rating from Standard & Poor's - PR 30 Jul 07
• DIC > M'Sharie > Thermostone AED 12m concrete contract - PR 30 Jul 07

More UAE stock market news and discussions...

best stock rises symbol price change NBQ 4.95 +0.45 +10% RAKNIC 4.39 +0.39 +9.8% FH 7.68 +0.53 +7.4% FOODCO 4.60 +0.25 +5.7% EIC 11.50 +0.60 +5.5%

worst stock falls symbol price change QTEL 219.50 -17.60 -7.4% AKIC 1.60 -0.10 -5.9% QCEM 2.05 -0.10 -4.7% ADCB 6.15 -0.25 -3.9% NCC 10.30 -0.40 -3.7%

top volume symbol value (AED) price EMAAR 170,701,098 10.70 AIRARABIA 121,217,858 1.13 ALDAR 86,790,671 6.83 ADCB 71,988,017 6.15 DFM 54,782,363 2.95

Dubai Financial Market

The DFM index closed at 4,238 today a fall of 0.82% from yesterdays close. 202 million shares traded worth 571 million dirhams. Five shares advanced and seventeen declined.
AIRARABIA was the top traded share closing at 1.13 a rise of 1.80% on turnover of 108 million shares.

Other shares to increase on modest volumes included Shuaa Capital PJSC (SHUAA) 5.00 (1.01%), DRC 12.60 (5.00%), GCICO 7.98 (1.34%), National Bank of Dubai (NBD) 9.15 (1.66%).

Shares that declined included ARABTEC 5.61 (2.43%), DFM 2.95 (1.66%), Emaar Properties PJSC (EMAAR) 10.70 (1.83%), GULFNAV 1.25 (2.34%) and ARAMEX 2.47 (3.51%).

Abu Dhabi Securities Market

The ADSM index closed at 3,445 today a fall of 0.99% from yesterdays close. 68 million shares traded worth 284 million dirhams. Ten shares advanced and twenty nine declined.
Top trading volume was shared by Abu Dhabi Commercial Bank (ADCB) 6.15 (3.91%), Aldar Properties PJSC (ALDAR) 6.83 (0.15%) and ARKAN 1.59 (2.45%) all finishing down.

Other shares to finish down included Dana Gas PJSC (DANA) 1.59 (0.63%), Sorouh Real Estate (SOROUH) 4.48 (1.32%).

Shares that finished higher included Sudan Telecom Company Ltd (SUDATEL) 7.83 (0.13%), Union National Bank (UNB) 7.61 (0.13%), NBQ 4.95 (10%) and EIC 11.50 (5.50%) on one trade of one share.

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