TKFL & AMAN limit up, 13 Mar 2007

AGMs and EGMs (E&OE) ADCB AGM Sun 18 Mar 2007 BILDCO AGM Mon 12 Mar 2007 - approved 25% cash dividend, record date 19 Mar 2007 DU AGM Wed 14 Mar 2007 EIC AGM Mon 12 Mar 2007 - approved 50% cash dividend, record date 20 Mar 2007 GLOBAL AGM Wed 14 Mar 2007 MASQ AGM Mon 12 Mar 2007 - approved 30% share dividend, record date 18 Mar 2007 NBAD AGM Mon 12 Mar 2007 - approved 40% cash and 30% share dividend, record date 22 Mar 2007. SOROUH AGM Sun 18 Mar 2007 SCIDC AGM Wed 14 Mar 2007 Dividend Record Dates - last trading day two days prior (E&OE) ALDAR - Al Dar Properties 12 Mar 2007 MASQ - Mashreq Bank 18 Mar 2007 NGI - National General Insurance 12 Mar 2007 RAPCO - RAK Poultry & Feeding 12 Mar 2007 UAE market news & discussions for 13 March 2007 DFM will be added to Dow Jones Global Exchanges Index - PR 12 Mar 2007 Air Arabia IPO information - 13 Mar 2007 Emaar announcement coming says Al Abbar at AGM - GN 13 Mar 2007 Aramex PJSC AGM 03 April and 10% cash dividend - GN 13 Mar 2007 EBI Emirates Bank AGM and EGM today 13 Mar 2007 Emaar-MGF IPO in India by end 2007 - GN 13 Mar 2007 Golden Gate Securities court case for liquidation filed by ESCA - GN 13 Mar 07 Jeema Mineral Water AGM and EGM 22 Apr 2004 - 10% dividend, record date 30 Apr 2007? NBAD National Bank of Abu Dhabi AGM approves dividends - 13 Mar 2007 NGI National General Insurance last trading day for dividends 13 Mar 2007 UNIKAI United Kaipara Dairies BOD results 11 Mar 2007 - 15% dividend, AGM on 07 Apr 2007 MAZAYA top real estate company award from Arabian Business PR 13 Mar 07 Share buybacks for UAE stocks - May 2006 BAYAN 2006 FY results late - released 13 Mar 2007 ARABBANK 2006 FY results not yet, AGM in Switzerland?? - 13 Mar 2007 GGICO share buyback cancelled - DFM 12 Mar 2007 MASQ 2006 FY profit AED 1.6 bn -10% from 2005 - PR 31 Jan 2007 JEEMA 2006 FY profit AED 4.25m +27% from 2005 - 31 Jan 2007 NBD National Bank of Dubai Commercial Mortgages - PR 13 Mar 2007 DIC - Dubai Investments Park to lease AED 5bn office space - PR 13 Mar 07 Halliburton HQ moves to DIFC, considers DIFX listing - AB & R 11 Mar 2007 EIC 2006 FY results released 29 Jan 2007 BILDCO 2006 FY profit AED 74m +5% from 2005, 25% cash div - 01 Feb 2007 ARMX 2005 FY profit AED 95m +28% on 2005 - conflicting revenues EMAAR AGM 11 Mar 20% dividend, 2006 FY profit +35% to AED 6.37 bn GCC Customs and Currency Union discussion - started 01 June 2006 Corporate failure likely in Dubai due to lack of governance - GN 13 Mar 2007 Stock Picks by Technical Analysis March 2007 EBI 2006 FY profit AED 1.9 bn +12% on 2005 - BOD meeting on 24 Jan 2007 NGI 2006 FY profit AED 0.237m -100% from 2005, BOD meeting 21 Jan 2007 NBAD 2006 FY profit AED 2.1 bn -19% from 2005, 30% stock, 40% cash div Golden Gate Securities discussion [ban by ESCA 02 Jan 2007] More UAE stock market news and discussions...

Dubai and Abu Dhabi stock market report 13 March 2007

best stock rises symbol price change AMAN 15.05 +2.00 +15.3% ARIG 3.06 +0.36 +13.3% QCEM 1.98 +0.17 +9.4% TKFL 3.52 +0.29 +9% RAKWCT 1.80 +0.10 +5.9%

worst stock falls symbol price change AKIC 1.72 -0.16 -8.5% FOODCO 3.45 -0.24 -6.5% CBD 6.90 -0.35 -4.8% BOS 2.34 -0.11 -4.5% ADSB 2.71 -0.10 -3.6%

top volume symbol value (AED) price EMAAR 428,269,413 12.20 TAMWEEL 81,044,866 3.91 DFM 74,855,208 2.12 RAKPROP 50,643,818 1.33 IAIC 48,979,898 2.90

Market news pick for today would be the inclusion of DFM in the Dow Jones Global Exchanges Index from next week. There was also more information about the Air Arabia IPO, while Halliburton's move to Dubai and possible listing on a regional stock exchange has many in US flapping.

Dubai Financial Market

DFM rose by a thin 0.% to on moderate volume of 784m dhs of trading, about half of that from Emaar Properties PJSC (EMAAR) with a 1.2% recovery to 12.20 from yesterday's crash.

AMAN had an astounding day today going limit up (15%) to 15.40 in the last 30 mins of the session with no sellers in the queue at the close of trading. Volume was limited to 3.8m dhs - still a substantial figure for Dubai Islamic Insurance, who lost money in 2006 - one of the few listed companies to do so. Arab Insurance Group (ARIG) was also a big riser but on very limited volume.

Shuaa Capital PJSC (SHUAA) the most notable rise out of the actively traded stocks - up by 2.5% on thin trading. Tamweel PJSC (TAMWEEL) saw heavy trading on a moderate 1.3% rise, Islamic Arab Insurance Company PSC (IAIC) also very active and a rise of just 0.3%.

DFM PJSC volume was down from previous days and their shares decreased by just under 1% to 2.10 despite the news that DFM would be included in the Dow Jones Global Exchanges Index. Perhaps they'll bottom out at about 2 dhs per share.

GULFNAV had the most significant fall of 1.7% to 1.13 from 13m dhs worth of shares traded. The other active stocks fell by 1% or less.

Abu Dhabi Securities Market

The ADSM index managed to stay above the 3000 points level with an increase of 0.7% to 3024. Trading volumes were decent enough at 239m dhs worth with 15 shares rising, 17 falling, and 2 unchanged.

Big volume of 501m dhs worth of trading for Ras Al Khaimah Properties PJSC (RAKPROP) which fell 2.2% to 1.33. A relatively big day for Gulf Pharmaceutical Industries (JULPHAR) also with 10m dhs worth traded, but a 1% fall in price to 1.98. Other losses on noteworthy volumes for Aabar Petroleum Investments Company PJSC (AABAR) down 2.2%, Abu Dhabi Islamic Bank (ADIB) down 0.9%, Aldar Properties PJSC (ALDAR) down 0.7%, Dana Gas PJSC (DANA) down 1.4%, and Sorouh Real Estate (SOROUH) down 0.4%.

TKFL leapt another 9% to close at 3.52 with no sellers in the queue. National Bank of Abu Dhabi (NBAD) had a good day, rising 3% after their AGM confirmed the proposed dividends. Abu Dhabi Commercial Bank (ADCB) was up 1% on good volumes and Emirates Telecommunications Company (ETISALAT) up by 1.5%.

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