UAE markets 09 Jan 2008

UAE market news & discussions for 09 January 2008 A subdued days trading on UAE markets before the long weekend. The DFM index finished down 1.19% at 6,081 and the ADSM index finished down 0.67% at 4,715. The volume and value of trading was lower for both markets compared to the last few trading days. AIRARABIA topped trading on the DFM rising 0.47% to 2.11 dirhams and AABAR topped trading on the ADSM rising 2.83% to 4.73 dirhams. In Company news: DEYAAR is to raise about Dhs 1 billion before the second half of the year to fund future projects. The CEO said the company had several options to raise funds including, bond issue, bridging finance or syndicated loan. SHUAA values DPW at USD 1.47. DPW closed at USD 1.16 (8 Jan 2008) TABREED has signed long term agreements to provide cooling services to three new projects in Dubai and Abu Dhabi. TAQA CEO confirms plans to intensify its push into global markets this year aiming in the future to have USD 60 billion in assets.

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best stock rises symbol price change NMDC 8.19 +0.63 +8.3% FCI 5.40 +0.36 +7.1% QTEL 280.20 +17.40 +6.6% ADNIC 9.65 +0.50 +5.5% DRC 15.75 +0.75 +5%

worst stock falls symbol price change DRIVE 5.60 -0.60 -9.7% RAKBANK 8.00 -0.50 -5.9% ARIG 3.30 -0.20 -5.7% ASCANA 2.17 -0.11 -4.8% ADSB 4.78 -0.20 -4%

top volume symbol value (AED) price AABAR 578,200,420 4.73 EMAAR 521,835,235 15.10 AIRARABIA 441,124,715 2.11 DEYAAR 367,850,531 2.93 DIC 195,058,101 5.84

Dubai Financial Market

The DFM index closed at 6,081 a fall of 1.19% from the previous close. 655 million shares were traded worth 2.7 billion dirhams. Eight shares advanced and nineteen declined.
The top traded share was AIRARABIA rising 0.47% to 2.11 dirhams on volume of 208 million.

Other shares to rise included: ARAMEX 3.27 (0.92%), Dubai Investments (DIC) 5.84 (1.03%) and Tabreed (TABREED) 3.60 (2.85%).

Shares to fall included: Amlak Finance (AMLAK) 5.51 (0.89%), DEYAAR 2.93 (1.01%), Emaar Properties (EMAAR) 15.10 (2.26%), GULFNAV 1.71 (1.15%), Islamic Arab Insurance (IAIC) 4.19 (2.10%) and Du Telecom (DU) 7.05 (3.68%).

Abu Dhabi Securities Market

The ADSM index closed at 4,715 a fall of 0.67% from the previous close. 351 million shares were traded worth 1.4 billion dirhams. Seventeen shares advanced and twenty seven declined.
Aabar Petroleum (AABAR) was the top traded share rising 2.83% to 4.73 dirhams on volume of 122 million.

Other shares to rise included: First Gulf Bank (FGB) 23.70 (0.64%) and Bank Of Sharjah (BOS) 3.56 (1.14%).

Shares to fall included: Aldar Properties (ALDAR) 11.65 (1.69%), ARKAN 3.99 (1.48%), Dana Gas (DANA) 2.63 (2.62%), Oasis Leasing (OILC) 2.87 (1.03%) and RAK Properties (RAKPROP) 2.82 (0.35%).

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