DFM up ADSM down UAE markets 28 Mar 2007

UAE markets Wednesday 28 March 2007 Today's report is written just before the markets close so final numbers may be a little different. Annual General Meetings today for AHI, ASNIC, AMAN, GCEM, RAKWCT, UNION. AGMs tomorrow for AMLAK, ARIG, FBICO, RAKPROP. Shares ex-dividend today ARIG, JULPHAR, NBD, DNIR, EIB. Shares ex-dividend tomorrow ADNIC. Last trading day for dividend entitlements today ADNIC. Tomorrow GGICO. Do not act on this information before confirming it first with the market.

UAE market news & discussions for 28 March 2007

• AGTHIA Emirates Food & Mineral Water 2006 audited financials 28 Mar 07
• AMLAK 2006 audited financial results announced 28 Mar 2007
• ARKAN AGM 23 Apr 2007 and 7% cash dividend proposed - 28 Mar 07
• ASNIC Annual General Meeting today 28 Mar 2007
• DANA Gas - Emarat pipeline project more news on ESCA site - 28 Mar 2007
• GRAND Real Estate BOD meeting 31 Mar 2007 - DFM 28 Mar 2007
• SHUAA raises stake in Qatar's Amwal to 47% - PR 28 Mar 2007
• DU gets 4400 job applications at Careers UAE 2007 - PR 28 Mar 2007
• AGTHIA 2006 FY AED 29.1m up 1.5% from 2005 - 31 Jan 2007
• WARE - judgement in Kamal Mustafa vs BOD appeal - 28 Mar 2007
• DIB IT services MoU with Dubai World and Wipro Infotech - PR 27 Mar 07
• EBI in the news 27 Mar 2007?
• Dana Gas, Emarat Sign Agreement - 04 Jan 2006
• JBR Jumeirah Beach Residence - move in from 28 Mar 07
• Iran fears haven't dented boom in the Gulf ... yet - R 27 Mar 2007

More UAE stock market news and discussions..

Dubai and Abu Dhabi stock market report 28 March 2007

best stock rises symbol price change MAZAYA 8.62 +1.12 +14.9% RAKCEC 4.26 +0.38 +9.8% ABNIC 8.80 +0.60 +7.3% NMDC 4.30 +0.28 +7% ASMAK 5.24 +0.29 +5.9%

worst stock falls symbol price change SALAM 16.70 -2.85 -14.6% CBI 2.43 -0.27 -10% JULPHAR 1.77 -0.09 -4.8% DNIR 3.04 -0.15 -4.7% FH 8.00 -0.35 -4.2%

top volume symbol value (AED) price EMAAR 253,239,280 11.05 DFM 52,377,718 2.13 DIB 47,887,402 6.37 AMLAK 41,375,492 3.21 ARKAN 32,058,532 1.16

Dubai Financial Market

The DFM index gained about 1% today to close at about 3730. Healthy rises for Amlak Finance Company (AMLAK) up 3.5%, Emaar Properties PJSC (EMAAR) up 2.8%, Dubai Islamic Bank (DIB) up 2.6%, and Tamweel PJSC (TAMWEEL) up 2.7%.

National Bank of Dubai (NBD) down 4.4% - ex-dividend today, no other major losses on DFM.

Abu Dhabi Securities Market

ADSM index down 0.3% to about 2900, trading volumes about 175m dhs, despite some good rises on strong volumes for several stocks.

Aabar Petroleum Investments Company PJSC (AABAR) up 2.7%, ARKAN up 5.4% on very large volume, AGTHIA up 3.4%, Sorouh Real Estate (SOROUH) up 0.7% on solid volumes.

Abu Dhabi Commercial Bank (ADCB) down 3.1%, National Bank of Abu Dhabi (NBAD) down 2.7%, other losses small or low volumes.

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

AGMs and EGMs (E&OE) this week

• AHI AGM Wed 28 Mar 2007 - 22% cash dividend proposed
• AMAN AGM 28 Mar 2007 -
• AMLAK AGM 29 Mar 2007 -
• ARIG AGM Thu 29 Mar 2007 - 10% cash dividend proposed
• ASNIC AGM 28 Mar 2007 -
• ETISALAT AGM Mon 26 Mar 2007 - 35% cash, 10% share dividend approved
• FBICO AGM 29 Mar 2007 - 25% share dividend proposed (AGM postponed from 26 Mar 2007)
• GCEM AGM 28 Mar 2007 - 15% cash and 15% share dividend proposed
• RAKPROP Thu 29 Mar 2007 - 7.5% cash dividend proposed. AGM postponed from 22 Mar 2007.
• RAKWCT AGM 28 Mar 2007 - 15% cash dividend proposed, AGM postponed from 21 Mar 2007.
• TABREED AGM Tue 27 Mar 2007 - lack of quorum, postponed from 20 Mar 2007
• UNION AGM 28 Mar 2007 - postponed from 21 Mar 2007

AGMs & EGMs next week

• AKIC AGM 01 Apr 2007
• ADSB AGM Mon 02 April 2007 - 10% cash dividend proposed?
• NBF AGM Mon 02 Apr 2007 - 10% share dividend and 10% cash dividend proposed?

Dividend Record Dates - last trading day (LTD) two days before Record Date (E&OE)

• DNIR record date 29 Mar 2007 - 30% cash dividend approved, LTD 27 Mar 2007 (DFM site)
• EIB record date 29 Mar 2007 - 15% share dividend, LTD 27 Mar 2007 (DFM site)
• FCI record date 28 Mar 2007 - 25% cash dividend approved, LTD 26 Mar 2007
• GGICO record date 02 Apr 2007 - maybe
• JULPHAR 29 Mar 2007? - 10% cash dividend approved, LTD 27 Mar 2007?
• NBD Record Date 29 Mar 2007 - LTD 27 Mar 2007 confirmed in NBD disclosure - 40% cash & 20% share dividend proposed
• QCEM record date 28 Mar 2007 - 10% cash dividend approved, LTD 26 Mar 2007
• RAKPROP AGM Thu 29 Mar 2007 - 7.5% cash dividend proposed. Record date?
• TKFL record date 28 Mar 2007 - LTD 26 Mar 2007

Last Trading Days next week - Record Date is two days after (E&OE)

• ETISALAT last trading day Sun 01 Apr 2007
• GMPC last trading day Sun 01 Apr 2007
• SOROUH last trading day Sun 01 Apr 2007 (or possibly 03 Apr 2007 see discussion topic)