UAE markets 31 Dec 2007

UAE market news & discussions for 31 December 2007 A subdued days trading on both UAE markets to close 2007. The DFM index closed down 1.15% at 5, 931 on trading volume of 1.6 billion dirhams. The ADSM index closed down 0.64% at 4,551 on trading volume of 960 million dirhams. DEYAAR was the top traded share on the DFM falling 0.68% to 2.92 dirhams on volume of 72 million shares. DANA was the top taded share on the ADSM faling 0.91% to 2.18 dirhams on volume of 25 million shares. For the year the ADSM index finished up 52% and DFM index up 45% placing them 3rd and 6th among the emerging markets. China topped the list rising 96% for 2007. In the first predicition for 2008 The National Bank of Kuwait said the the UAE economy will double within the next five years. This suggests annual GDP growth rate of 14%. Finally, Sharewadi predicts in 2008 all UAE investors will have a happy and prosperous year.

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best stock rises symbol price change WARE 19.55 +2.55 +15% GLOBAL 14.75 +1.60 +12.2% AAAIC 146.00 +12.00 +9% NMDC 8.20 +0.66 +8.8% JULPHAR 2.37 +0.18 +8.2%

worst stock falls symbol price change GRAND 4.72 -0.83 -15% UAB 6.67 -0.73 -9.9% RAKCEC 4.83 -0.22 -4.4% DRIVE 5.65 -0.24 -4.1% ADAVIATION 3.37 -0.12 -3.4%

top volume symbol value (AED) price EMAAR 509,708,041 14.90 DEYAAR 213,621,200 2.92 SOROUH 177,552,605 8.71 DU 173,944,048 7.41 AMLAK 138,945,702 5.13

Dubai Financial Market

The DFM index closed at 5,931 a fall of 1.15%. 302 million shares traded worth 1.6 billion dirhams. Nine shares advanced and fourteen declined.
The top traded share was DEYAAR falling 0.68% to 2.92 dirhams on volume of 72 million.

Other shares to fall included: AIRARABIA 1.97 (1.00%), Amlak Finance (AMLAK) 5.13 (1.15%), Emaar Properties (EMAAR) 14.90 (2.61%) and Du Telecom (DU) 7.41 (2.50%).

Shares to rise included: MAZAYA 10.25 (7.89%), Dubai Islamic Bank (DIB) 11.00 (1.38%), Global Investment House (GLOBAL) 14.75 (12.16%), Islamic Arab Insurance (IAIC) 3.79 (0.53%), Tabreed (TABREED) 3.41 (1.79%), Tamweel (TAMWEEL) 6.85 (0.43%).

Abu Dhabi Securities Market

the ADSM index closed at 4,551 a fall of 0.64%. 198 million shares traded worth 960 million dirhams. Twenty four shares advanced and twenty two declined.
The top traded share was Dana Gas (DANA) falling 0.91% to 2.18 dirhams on volume of 25 million.

Other shares to fall included: ARKAN 3.80 (2.06%), Oasis Leasing (OILC) 2.18 (0.91%), RAK Properties (RAKPROP) 2.46 (0.40%) and Abu Dhabi National Energy (TAQA) 3.55 (3.27%).

Shares to rise included: Aldar Properties (ALDAR) 12.10 (0.83%), Commercial Bank International (CBI) 3.14 (1.62%), Sorouh Real Estate (SOROUH) 8.71 (1.28%) and Julphar (JULPHAR) 2.37 (8.22%).

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