UAE markets 11 Feb 2008

UAE market news & discussions for 11 February 2008 A subdued days trading after yesterdays fall. The DFM index closed slightly down and the ADSM index closed slightly up. On the DFM the top traded share was AIRARABIA rising 0.49% to 2.02 dirhams on traded volume of 40 million shares. EMAAR continued to fall closing down a further 1.32% to 11.20 dirhams. On the ADSM the top traqded share was ALDAR falling 0.46% to 10.75 dirhams on traded volume of 63 million shares. ARKAN managed a rise of 3.17 per cent to 3.58 dirhams. Business News: Reliance Power dropped 13 per cent after debuting on the Bombay Stock Exchange at its IPO price of 450 rupees. However, unlike EMAAR-MGF they have banked the money and are now deciding how to spend it. Good management is mostly about timing. The UAE Ministry of Finance and Industry will establish a DH 16 billion fund from banks operating in the UAE to build homes for UAE Nationals. Results: GIH 2007 FY Net Profit $91.4m a 28% increase from 2006 FY Net Profit of $71.4m. Announcements: ADSM (EIC) board meeting on 17 february 2008 at 11am 11/02/2008 DFM (ALMADINA) 11/02/2008 ALMADINA: Clarification regarding the news published in the daily newspapers (BAYAN) 11/02/2008 BAYAN: Central Bank of Kuwait approves on the company request to buyback 10% of its shares (EMAAR) 02/11/2008 EMAAR: Discloses its preliminary financial results for 2007. (GFH) 11/02/2008 GFH: Pioneers Energy City Libya deal with Social Development Fund of Libya (SALAM) 11/02/2008 SALAM: Press release regarding the results of BOD meeting held on 10/02/2008 including major decision

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best stock rises symbol price change NBQ 9.35 +0.85 +10% TKFL 6.37 +0.54 +9.3% AKIC 1.77 +0.14 +8.6% OEIHC 37.90 +2.90 +8.3% ABNIC 10.15 +0.73 +7.7%

worst stock falls symbol price change GMPC 7.03 -0.47 -6.3% ADSB 4.00 -0.26 -6.1% NGI 6.42 -0.33 -4.9% SHUAA 6.35 -0.25 -3.8% JULPHAR 2.48 -0.07 -2.7%

top volume symbol value (AED) price EMAAR 421,063,267 11.20 DFM 117,039,360 5.55 ARKAN 83,596,580 3.58 AIRARABIA 82,975,734 2.02 DIB 80,857,509 11.05

Dubai Financial Market

The DFM index closed at 5,597 a slight fall of 0.03% from the previous close. 204 million shares were traded worth 1.09 billion dirhams. Nine shares advanced and twelve declined.
The most traded share was AIRARABIA rising 0.49% to 2.02 dirhams on turnover of 40 million shares.

Other shares to rise included: ARAMEX 3.10 (0.32%), Dubai Investments (DIC) 5.50 (0.36%) and Union Properties (UPP) 4.59 (0.43%).

Shares to fall included: Amlak Finance (AMLAK) 4.58 (1.07%), DEYAAR 2.47 (0.80%), DFM 5.55 (0.53%) and Emaar Properties (EMAAR) 11.20 (1.32%).

Abu Dhabi Securities Market

The ADSM index closed at 4,705 a slight rise of 0.24% from the previous close. 84 million shares were traded worth 415 million dirhams. Nineteen shares advanced and seventeen declined.
The most traded share was Aldar Properties (ALDAR) falling 0.46% to 10.75 dirhams on volume of 63 million shares traded.

Other shares to fall included: Aabar Petroleum (AABAR) 4.53 (0.44%) and Dana Gas (DANA) 2.28 (0.44%).

Shares to rise included: AGTHIA 2.02 (0.50%), Etisalat (ETISALAT) 24.40 (0.21%), Abu Dhabi National Energy (TAQA) 3.58 (0.56%) and ARKAN 3.58 (3.17%)

Remaining unchanged were Oasis Leasing (OILC) 2.51 and RAK Properties (RAKPROP) 2.52.

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