UAE markets 18 Feb 2008

UAE market news & discussions for 18 February 2008 Both markets in the UAE closed lower today. The DFM fell by 0.78% and the ADSM fell by 1.42%. Share volume traded on the DFM was low at 140 million but greater on ADSM at 335 million. The top traded share on the DFM was itself falling 0.16% to 5.95 dirhams on 31 million shares traded. ARKAN topped trading on the ADSM, rising 5.85% to 4.52 dirhams on huge volume of 230 million shares traded worth over one billion dirhams. Business News IRAN launched an oil exchange yesterdaqy based on the Gulf Island of Kish. Trade is restricted to oil related products, with crude oil planned for the second phase. Transactions will be conducted in Iranian rials. Borse Dubai confirmed on Sunday it had bought QATAR's stake in OMX and would consider any future offer from QATAR to buy its stake in LSE. KSA would not change its FOREX policy for now according to the Finance Minister and Central Bank Governor. Company Announcements: DFM Arabtec dividend announced - 50% cash, no share bonus, AGM date 24 March 2008 Gulf Finance House dividends - 85% cash, 10% bonus shares (AGM yesterday) (DRC) 18/02/2008 DRC: Un-audited financial results for 2007 were discussed and approved in its BOD meeting held on 17/2/2008 (OIC) 18/02/2008 Reminder: AGM of OIC is being held today, 18/02/2008. (TABREED) 18/02/2008 TABREED: Announces its AGM to be held on 12/3/2008 to discuss the recommended 7% bonus shares distribution. ADSM (EIC) Results of EIC BOD meeting and Invitation to attend general assembly meeting on March 13, 2008 at 11:00 AM 18/02/2008 (CIB) – Egypt BOD meeting on 21 February 2008 18/02/2008

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best stock rises symbol price change AWNIC 6.16 +0.56 +10% GMPC 7.73 +0.70 +10% RAPCO 4.39 +0.39 +9.8% UNION 3.59 +0.26 +7.8% RAKCEC 4.30 +0.27 +6.7%

worst stock falls symbol price change GRAND 4.60 -0.55 -10.7% TKFL 5.91 -0.57 -8.8% ADNIC 9.21 -0.79 -7.9% FBICO 2.15 -0.18 -7.7% DRIVE 5.20 -0.28 -5.1%

top volume symbol value (AED) price ARKAN 1,042,451,592 4.52 DFM 188,135,706 5.95 EMAAR 156,813,454 11.30 TAQA 111,090,998 3.81 ETISALAT 82,820,685 24.00

Dubai Financial Market

The DFM index closed at 5,707 a fall of 0.78% from the previous close. 140 million shares were traded worth 727 million dirhams. Six shares advanced and twenty declined.
The top traded share was DFM, falling 0.16% to 5.95 dirhams on turnover of 31 million shares.

Other shares to decline included: AIRARABIA 2.04 (0.48%), Emaar Properties (EMAAR) 11.30 (0.44%), Arabtec (ARTC) 11.55 (3.34%) and DEYAAR 2.51 (0.79%).

Shares to rise included: GULFNAV 1.62 (0.62%), Union Properties (UPP) 4.75 (0.42%) and Islamic Arab Insurance (IAIC) 3.68 (1.65%).

Abu Dhabi Securities Market

The ADSM index closed at 4,717 a fall of 1.42% from the previous close. 335 milion shares were traded worth 1.6 billion dirhams. Fifteen shares advanced and twenty eight declined.
The top traded share by a long way was ARKAN rising 5.85% to 4.52 dirhams on volume of 230 million shares worth over one billion dirhams.

Other shares to rise included: Abu Dhabi National Energy (TAQA) 3.81 (0.53%) and Gulf Cement (GCEM) 6.58 (0.30%).

Shares to fall included: Aabar Petroleum (AABAR) 4.66 (1.69%), Dana Gas (DANA) 2.32 (1.28%), Etisalat (ETISALAT) 24.00 (2.24%), RAK Properties (RAKPROP) 2.63 (2.23%) and Sorouh Real Estate (SOROUH) 9.68 (0.51%).

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