UAE markets 10 Mar 2008

UAE market news & discussions for 10 March 2008 A subdued days trading on both UAE markets today. The DFM finished slightly up and the ADSM slightly down on low volumes. The top traded share on DFM was AIRARABIA falling 0.96% to 2.06 dirhams, however EMAAR finished up 0.84% and SHUAA continued its climb closing at 7.80 dirham a rise of 4.13%. The top traded share on ADSM was AABAR falling 2.90% to 4.28 dirhams on 18 million shares traded. The UAE economy contimues to power ahead expanding by 7.4% after inflation in 2007 with GDP reaching 698 billion dirhams. Goldman Sachs raises EMMAR share price target price to Dh 17.40 DFM Company Anouncements: CBD: DFM Announces the allocation of Commercial Bank of Dubai 25% bonus shares into shareholders accounts as per the company register closing on 09/03/2008 DIB: Dubai Islamic Bank declares 40% dividend and 15% bonus shares. ADSM Company Announcements: AABAR: Minutes of Aabar Energy EGM Held on March 9, 2008 RAKBANK: National Bank of Ras Al Khaimah announces its AGM results held on March 9, 2008 TAQA: Abu Dhabi National Energy Company announces holding board meeting on March 11, 2008 at 01:15 PM UCC: ADSM Announces Adjustment of Bonus Shares Issued By Union Cement Company UNION: Invitation to attend Union Insurance Company AGM & EGM on March 27, 2008 at 05:30 PM

• AABAR trading 05 Mar 08
• Emirates CEO says no IPO needed - TF 10 Mar 08
• Where is EMAAR price heading to?
• 10 March 2008 ADSM DFM DIFX disclosures & news
• UAE real estate companies fair values from Al Mal Capital
• AAAIC 2007 FY profit AED 210m +14% 30 Jan 2008
• SHUAA - HSBC report [BUY]
• DP World share price March 2008
• TAMWEEL 2007 FY profit fall 47% to AED 451m - PR 20 Jan 2008
• AABAR to sell Pearl Energy for AED 3.2 bn? 13 Jan 08
• EMAAR report Goldman Sachs - 09 Mar 08
• DP World shares review - KT 10 Mar 2008
• DIB new chairman - WAM 10 Mar 08
• DIB 2007 FY profit AED 2.5bn +60% 30 Jan 2008
• UAE GDP growth 7.4% in 2007 - R 09 Mar 08
• Marketwatch DFM March 2008
• Insider trades March 2008
• DRIVE 2007 FY results
• 09 March 2008 ADSM DFM DIFX disclosures & news
• FGB 2007 FY profit AED 2bn +31% 29 Jan 2008
• R66 Broker-client accounts to be separated - EB 08 Mar 08
• DIC > Emirates Glass 2007 FY profit up 106% - PR 08 Mar 08
• UAE stock dates with Google calendar
• IPOs coming up in the UAE 2008
• 08 March 2008 ADSM DFM DIFX disclosures & news

More UAE stock market news and discussions...

best stock rises symbol price change IFA 12.50 +0.70 +5.9% AEIBANK 1039.55 +49.55 +5% OIC 10.25 +0.46 +4.7% DRIVE 5.50 +0.23 +4.4% SHUAA 7.80 +0.31 +4.1%

worst stock falls symbol price change FCI 7.20 -0.80 -10% NCTH 8.46 -0.89 -9.5% OEIHC 5.49 -0.51 -8.5% TKFL 7.00 -0.61 -8% WARE 20.20 -1.30 -6%

top volume symbol value (AED) price ADIB 329,191,575 67.25 EMAAR 286,416,354 11.90 DIB 173,649,958 12.05 ALDAR 155,737,530 11.10 FGB 103,289,090 21.75

Dubai Financial Market

The DFM index closed at 5,756 a rise of 0.095 from the previous close. 168 mllion shares traded worth 973 million dirhams. Eleven shares advanced and thirteen declined.
The top traded share was AIARABIA falling 0.96% to 2.06 dirhams on volume traded of 29 million shares.

Oher shares to fall included: Islamic Arab Insurance (IAIC) 3.51 (1.12%), GULFNAV 1.62 (0.61%) and DFM 5.93 (0.33%).

Shares to rise included: DEYAAR 2.55 (0.79%), Dubai Islamic Bank (DIB) 12.05 (0.83%), Emaar Properties (EMAAR) 11.90 (0.84%) and Shuaa Capital (SHUAA) 7.80 (4.13%).

Abu Dhabi Securities Market

The ADSM closed at 4,785 a fall of 0.58% from the previous close. 102 mllion shares traded worth 897 million dirhams. Fourteen shares advanced and thirty declined.
The top traded share was Aabar Petroleum (AABAR) falling 2.90% to 4.28 dirhams on turnover of 18 million shares traded.

Other shares to fall included: Aldar Properties (ALDAR) 11.10 (0.45%), Dana Gas (DANA) 2.34 (0.85%), First Gulf Bank (FGB) 21.75 (0.91%) and WAHA 2.67 (1.11%).

Shares to rise included: Bank Of Sharjah (BOS) 3.42 (0.89%), Abu Dhabi ShipBuilding (ADSB) 5.02 (0.40%) and Abu Dhabi Islamic Bank (ADIB) 67.25 (2.28%).

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