UAE markets 12 Mar 2008

UAE market news & discussions for 12 March 2008 A better days trading on UAE markets today. The DFM index finished 1.85% up and the ADSM finished 0.74% up on improved volumes. The standout share on the DFM was UPP rising 6.43% to 4.80 dirhams. The top traded share on ADSM was AABAR rising 0.97% to 4.12 dirhams on turnover of 18 million shares. The UAE is expected to introduce a new company law in six months which will allow majority ownership in some industry sectors. Disclosures: DFM SHUAA has received final approval to commence operations in KSA. AMLAK plans to raise Dh 6 billion in Sukuk and loans this year to finance growth the CEO said. BAYAN: Bayan Investment Company announces its preliminary financial results for 2007 including the recommended distributions. MASQ: Reminder: Today is the last trading date to entitle for Mashreq Bank distributions. NGI: Reminder: Today is the last trading date to entitle for National General Insurance distributions. TABREED: National General Cooling announces distributions related dates TABREED: National General Cooling discloses the consolidated financial statements for the year ended 31/12/2007. TABREED: Reminder: AGM & EGM of National General Cooling Company are being held today, ADSM AKIC: Al Khazna Insurance Company announces holding board meeting on March 13, 2008 at 4:00 PM NBAD: National Bank of Abu Dhabi announces March 15, 2008 is the date of paying the interest on its Convertible Notes

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best stock rises symbol price change DHAFRA 7.00 +0.48 +7.4% INVESTB 3.60 +0.25 +7.5% ADAVIATION 5.72 +0.39 +7.3% DRIVE 5.94 +0.37 +6.6% UPP 4.80 +0.2 +4.3%

worst stock falls symbol price change TKFL 6.62 -0.38 -5.4% ADNIC 11.00 -0.20 -1.8% DIN 30.00 -0.50 -1.6% JULPHAR 2.60 -0.03 -1.1% NMDC 9.04 -0.10 -1.1%

top volume symbol value (AED) price EMAAR 574,528,316 12.15 ADIB 253,390,019 68.00 DFM 243,358,380 5.94 DIB 188,913,373 12.25 FGB 138,604,053 21.55

Dubai Financial Market

The DFM index closed at 5,819 a rise of 1.85% from the previous close. 347 million shares were traded worth 1.8 billion dirhams. Twenty one shares advanced and two declined.
The top traded share was GULFNAV closing unchanged at 1.60 dirhams on turnover of 66 million shares.

Shares to rise included: AIRARABIA 2.08 (0.48%), DEYAAR 2.53 (0.39%), DFM 5.94 (0.50%), Dubai Islamic Bank (DIB) 12.25 (2.51%), Emaar Properties (EMAAR) 12.15 (2.51%) and Union Properties (UPP) 4.80 (6.43%).

Arabtec (ARTC) was the only loser on significant volume falling 0.41% to 12.10 dirhams.

Abu Dhabi Securities Market

The ADSM index closed at 4,764 a rise of 0.74% from the previous close. 127 million shares were traded worth 954 million dirhams. Twenty nine shares advanced and eleven declined.
The top traded share was Aabar Petroleum (AABAR) rising 0.97% to 4.12 dirhams on 18 million shares traded.

Other shares to rise included: Aldar Properties (ALDAR) 11.00 (0.92%), First Gulf Bank (FGB) 21.55 (1.65%), WAHA 2.55 (1.19%), RAK Properties (RAKPROP) 2.52 (0.40%) and Abu Dhabi National Energy (TAQA) 3.59 (2.87%).

Shares to fall included: National Bank of Abu Dhabi (NBAD) 22.95 (0.22%) and Abu Dhabi Commercial Bank (ADCB) 6.32 (0.32%).

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