UAE markets 04 Mar 2008

UAE market news & discussions for 04 March 2008 A strong day on UAE markets today with both indicies up more than one percent, however, the value of shares traded on both markets was subdued. The two standout shares on the DFM were SHUAA up 5.22% to 7.65 dirhams and ARTC up 3.36% to 12.30 dirhams. The top traded share on ADSM was WAHA rising 2.22% to 2.76 dirhams on turnover of 39 million shares traded. In a relief for inflation watchers according to top officials the introduction of VAT in the GCC could be some way off due to disagreements amongst member states. EMAAR still plans to complete the Burj Dubai in 2008 four months behind schedule according to the CEO. ADCB, CEO predicts profits to rise at least 20% this year on higher lending to consumers. Whatever Dubai can do QATAR can do better. The QATAR Cabinet has agreed to freeze all rents signed since 2005 for two years local papers are reporting. DFM Company Announcements AMAN: Dubai Islamic Insurance and Reinsurance announces its AGM to be held on 31/03/2008 including the meetings agenda AOIC: REMINDER: Today, 04/03/2008 is the Ex-dividend date for Arab Orient Insurance shares and trading resumes with the adjusted price due to distributions of bonus shares. MASQ: DFM Suspend trading on Mashreq starting from 10:00 AM as its AGM is being held & trading will resume once results are disclosed. MAZAYA: Mazaya BOD recommends increasing the company capital. NGI: Reminder: AGM of National General Insurance is being held today, 04/03/2008 ADSM Company Announcements FH: Finance House announces holding board meeting on 5/3/2008 at 5:00 PM WAHA: Result of WAHA(OILC) Capital AGM 04/03/2008 SOROUH: Sorouh Real Estate enters into a joint venture agreement with Goodman

• Where is EMAAR price heading to?
• Insider trades March 2008
• Air Arabia 2007 profit forecast AED 350m
• Marketwatch ADSM March 2008
• Al Qudra IPO delay - 02 Mar 2008
• DP World - learn from Reliance Power bonus shares 18 Feb 08
• 04 March 2008 ADSM DFM DIFX disclosures & news
• ADCB 2008 profit forecast +20%
• ADCB expansion plans - GN 04 Mar 2008
• SOROUH Goodman JV - 04 Mar 08
• FH Finance House foreign ownership [Rumour]? 03 Mar 08
• Air Arabia correction due? Jan 2008
• AHI 2007 FY profit AED 53m +118% 24 Jan 2008
• ADSB Chairman's report FY 2007
• ADSB 2007 FY profit AED 26m -45% 31 Jan 2008
• Ajman Bank IPO 60x oversubscribed R 02 Mar 08
• KHI 2007 FY profits -20% to $34.1 m - R 03 Mar 08
• Ajman Bank IPO - how many shares will I get?
• DP World report HSBC $1.03 - KT 03 Mar 08
• ADCB approved to buy Malaysia'a RHB stake - R 02 Mar 08
• Aabar Thailand deal with Horizon and Northern Gulf - PR 03 Mar 08
• ADCB boss says reconsider currency peg - R 03 Mar 08
• 03 March 2008 ADSM DFM DIFX disclosures & news
• Ajman Bank IPO
• Al Qudra IPO

More UAE stock market news and discussions...

best stock rises symbol price change ASMAK 6.90 +0.40 +6.2% NMDC 8.82 +0.52 +6.3% SHUAA 7.65 +0.38 +5.2% FOODCO 5.29 +0.23 +4.5% OEIHC 5.52 +0.24 +4.5%

worst stock falls symbol price change INVESTB 3.65 -0.35 -8.8% DRIVE 5.50 -0.40 -6.8% ARIG 3.75 -0.15 -3.8% ADSB 4.99 -0.17 -3.3% FH 10.20 -0.25 -2.4%

top volume symbol value (AED) price EMAAR 213,303,104 12.10 DFM 176,098,446 5.99 OILC 136,367,369 2.76 ALDAR 121,032,847 11.10 TABREED 118,772,070 3.15

Dubai Financial Market

The DFM index closed at 5,857 a rise of 1.38% previous close. 236 million shares were traded worth 1.1 billion dirhams. Twenty shares advanced and two declined.
The top traded shares were AIRARABIA 2.11 rising 1.44% on turnover of 38 million and DEYAAR rising 1.17% to 2.59 dirhams on volume of 34 million shares traded.

Other shares to rise included: Arabtec (ARTC) 12.30 (3.36%), DFM 5.99 (1.18%), Emaar Properties (EMAAR) 12.10 (1.68%) and Shuaa Capital (SHUAA) 7.65 (5.22%).

Losers included: Arab Insurance Group (ARIG) 3.75 (3.84%) and ALFIRDOUS 2.41 (0.41%) on low trading volumes.

Abu Dhabi Securities Market

The ADSM index closed at 4,822 a rise of 1.10% from the previous close. 147 million shares were traded worth 870 million dirhams. Thirty shares advanced and nine declined.
The top traded share was WAHA rising 2.72% to 2.76 dirhams on turnover of 39 million shares traded.

Other shares to rise included: Aldar Properties (ALDAR) 11.15 (2.29%), Dana Gas (DANA) 2.39 (0.42%) and Sorouh Real Estate (SOROUH) 10.20 (2.62%).

Shares to fall included: Abu Dhabi ShipBuilding (ADSB) 5.00 (3.10%), ARKAN 4.02 (1.47%) and DRIVE 5.55 (5.93%)

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