UAE markets 20 Feb 2008

UAE market news & discussions for 20 February 2008 A bumper day on DFM today with the index shooting up 2.5% on traded volume of 599 million shares worth 3.3 billion dirhams. AMLAK, DFM and EMAAR were all up over 5% on very large volume of shares traded. HSBC initiated coverage of EMAAR giving it a fair value of 23 dirhams and calling it the least understood $20 billion company in the world. Is this the turning point for EMAAR? The ADSM index managed a slight rise of 0.39% on modest volumes. OILC was the top traded share rising 2.26% to 2.72 dirhams on traded volume of 66 million shares. In overnight trading oil surged to a new record of $101 on fears of a reduction in supplies from OPEC and a fire at a Texan oil refinery. DFM Announcements (DIN) : Announces agenda of its AGM being held on 16/3/2008 (GFH) : Announces the allocation of GFH 10% bonus shares into shareholders accounts today, ADSM Announcements (ADIB) Abu Dhabi Islamic Bank board meeting on 21 February 2008 (ALDAR) Aldar Properties Al Zeina and Al Muneera Predicts Net AED 850 Million in Sales at IPS (FOODCO) Foodco Hodling board meeting on 27 February 2008

• Where is EMAAR price heading to?
• Unclear dividend related announcements dates
• Insider trades February 2008
• Emaar HSBC report - 20 Feb 08
• MarketWatch Feb 2008 DFM ADSM
• Beginners help with buying shares
• Mr DP WORLD_Learn Now 18 Feb 08
• Al Qudra IPO
• OEIHC capital increase and share split 2007-08
• ADSB - Bahrain boats arrive for refit - PR 19 Feb 08
• Al Qudra IPO date March 2008 - R 20 Feb 08
• 20 February 2008 ADSM DFM DIFX disclosures & news
• GFH - First Energy Bank
• ADIA subsidiary buys 20% of AMP in NZ - R 17 Jan 08
• NBAD to manage 8 IPOs in 2008 - R 19 Feb 08
• ALDAR may buy US Europe companies - BB 19 Feb 08
• ALDAR developing a project in Kazakhstan - R 12 Sep 2007
• MarketWatch DFM 01 Dec 07
• MarketWatch ADSM 17 Feb 08
• RAKCEC 2007 FY profit AED 170m +9% 30 Jan 2008
• DME new Brent and Oman crude oil contracts - PR 19 Feb 08
• MAZAYA 2007 FY profit AED 418m - PR 19 Feb 08
• DIB energy resource funds
• brokers Commission?
• Ajman Bank profit forecasts and analysis

More UAE stock market news and discussions...

best stock rises symbol price change GLOBAL 15.00 +1.40 +10.3% FCI 5.71 +0.51 +9.8% FH 9.99 +0.81 +8.8% OEIHC 43.65 +3.35 +8.3% GFH 15.20 +1.15 +8.2%

worst stock falls symbol price change MAZAYA 11.00 -0.95 -7.9% ADSB 4.51 -0.28 -5.8% RAKCEC 4.08 -0.22 -5.1% ARKAN 4.18 -0.22 -5% GRAND 4.38 -0.22 -4.8%

top volume symbol value (AED) price DFM 1,051,306,618 6.27 EMAAR 878,354,640 12.10 SOROUH 394,398,762 10.20 AMLAK 362,074,834 4.89 ALDAR 221,863,848 11.70

Dubai Financial Market

The DFM index closed at 5,866 today an increase of 2.49% from the previous close. 599 million shares were traded worth 3.3 billion dirhams. Twenty three shares advanced and four declined.
The top traded share was DFM, rising over 5% to 6.27 dirhams on turnover of 169 million shares and value of over one billion dirhams.

Other shares to rise included: AIRARABIA 2.08 (1.96%), Amlak Finance (AMLAK) 4.89 (5.84%), DEYAAR 2.54 (1.19%), Emaar Properties (EMAAR) 12.10 (6.60%), Dubai Investments (DIC) 5.80 (3.01%), GULFNAV 1.65 (1.22%), Dubai Islamic Bank (DIB) 11.95 (1.27%) and Du Telecom (DU) 6.49 (1.88%).

ARAMEX was the only notable share to fall, closing down 0.31% at 3.15 dirhams.

Abu Dhabi Securities Market

The ADSM index closed at 4,744 today an increase of 0.39% from the previous close. 236 million shares were traded worth 1.2 billion dirhams. Twenty shares advanced and seven declined.
The top traded share was Oasis Leasing (OILC), rising 2.26% to 2.72 dirhams on traded volume of 66 million shares.

Other shares to rise included: Aldar Properties (ALDAR) 11.70 (1.30%), RAK Properties (RAKPROP) 2.69 (1.13%), Sorouh Real Estate (SOROUH) 10.20 (4.19%) and Etisalat (ETISALAT) finished steady on 24.05.

Shares to fall included: Aabar Petroleum (AABAR) 4.66 (0.43%), ARKAN 4.18 (5.00%), Dana Gas (DANA) 2.32 (0.43%) First Gulf Bank (FGB) 22.95 (1.08%) and Abu Dhabi National Energy (TAQA) 3.78 (1.31%).

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.