UAE markets 02 Mar 2008

UAE market news & discussions for 02 March 2008 Both markets in the UAE closed lower today. The DFM, after closing higher every day last week finally sucumbed and closed 1.56% lower today. All the market favourites closed lower including EMAAR, DFM, AMLAK and DEYAAR. The ADSM closed lower by 0.59% led by ALDAR losing 5.17% to 11.00 dirhams. According to trading figures released on Saturday the DFM was kept afloat last week by foreign buying. UAE locals, GCC and other Arab countries were all net sellers. Dubai retained its position as the leading Financial Centre in the region in the latest Global Financial Centres Index (GFCI). To ensure the UAE does not miss out on the high oil price, the UAE's sustainable oil output should reach 3 million barrels per day in the near future driven by additional investment in the countries oil fields. DFM Company Annoucements ARTC: Arabtec releases its agenda of its AGM being held on 24/3/2008 OIC: DFM Announces the allocation of Oman Insurance 35% bonus shares into shareholders accounts as per the company register closing on 28/02/2008 TABREED: Tabreed EGM postponed to 12/3/2008 due to lack of quorum ADSM Company Anouncements ADSM: signs MoC with Gre Tai Securities Market (Taiwan) FCI: Fujairah Cement discloses board report on annual 2007 financial results JULPHAR: Julphar announces postponing AGM scheduled to be held on April 03 2008 At 2:00 NBAD: Invitation to attend NBAD general assembly meeting on March 23, 2008 at 5:00 PM RAKWCT: Results of RAK White Cement BOD meeting and Invitation to attend general assembly meeting on March 27, 2008 at 10:30 AM

• Nasdaq CEO gets DIFX VC position - R 01 Mar 08
• 02 March 2008 ADSM DFM DIFX disclosures & news
• Dana gas supply to Kurds from mid 2008 - R 02 Mar 08
• TABREED report TNI - 02 Mar 08
• Insider trades March 2008
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• MarketWatch Feb 2008 DFM ADSM
• Al Salam Bank Bahrain DFM listing
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• Market Watch DFM ADSM March 08
• Where is EMAAR price heading to?
• Where is amlak heading?
• ADCB 2007 FY profit -2.9% to Dh2.09 bn, misses own forecast 04 Feb 08
• AGTHIA 2007 FY profit AED 38m +31% 29 Jan 2008
• ABNIC 2007 FY profit AED 160m +34% 04 Feb 2007
• AAAIC 2007 FY profit AED 210m +14% 30 Jan 2008
• DFM net foreign investment AED 280m last week - PR 01 Mar 08
• Al Qudra new CEO - PR 01 Mar 08
• ICD Dubai to bid AED 16.5 bn for Spain's Colonial - R 27 Feb 08
• Marketwatch ADSM March 2008
• Marketwatch DFM March 2008
• MarketWatch ADSM 17 Feb 08
• MarketWatch DFM 01 Dec 07
• What are they talking about? UAE market comments EB 29 Feb 08

More UAE stock market news and discussions...

best stock rises symbol price change OEIHC 4.80 +0.41 +9.3% FOODCO 4.74 +0.35 +8% ARIG 3.99 +0.26 +7% TKFL 7.71 +0.40 +5.5% ADSB 5.29 +0.24 +4.8%

worst stock falls symbol price change ALMADINA 10.15 -0.85 -7.7% FH 9.52 -0.68 -6.7% FBICO 2.86 -0.16 -5.3% ALDAR 11.00 -0.60 -5.2% GULFNAV 1.63 -0.06 -3.6%

top volume symbol value (AED) price EMAAR 290,836,750 12.15 DFM 151,741,772 6.13 ALDAR 109,417,240 11.00 DEYAAR 99,184,744 2.62 AABAR 98,081,018 4.62

Dubai Financial Market

The DFM index closed at 5,866 a fall of 1.56% from the previous close. 192 million shares were traded worth 915 mllion dirhams. Five shares advanced and nineteen declined.
The top traded share was DEYAAR falling 1.87% to 2.62 dirhams on turnover of 38 million shares traded.

Other shares to fall included: AIRARABIA 2.11 (1.86%), Amlak Finance (AMLAK) 4.72 (2.27%), DFM 6.13 (2.23%), Emaar Properties (EMAAR) 12.15 (2.40%) and GULFNAV 1.63 (3.55%).

Shares to rise included: Shuaa Capital (SHUAA) 7.25 (0.83%) and GRAND, Commercial Bank of Dubai (CBD) and Arab Insurance Group (ARIG) all rose on small volumes.

Abu Dhabi Securities Market

The ADSM index closed at 4,787 a fall of 0.59% from the previous close. 123 million shares were traded worth 652 million dirhams. Sixteen shares advanced and twenty declined.
The top traded share was Aabar Petroleum (AABAR) rising 1.54% to 4.60 dirhams on turnover of 21 million shares traded.

Other shares to rise included: Abu Dhabi ShipBuilding (ADSB) 5.29 (4.75%), RAK White Cement (RAKWCT) 2.38 (3.48%). Etisalat (ETISALAT) 25.00, and Dana Gas (DANA) 2.42 finished unchanged.

Shares to fall included: Aldar Properties (ALDAR) 11.00 (5.17%), ARKAN 4.03 (1.47%), RAK Properties (RAKPROP) 2.64 (1.49%) and Sorouh Real Estate (SOROUH) 10.05 (1.47%).

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