UAE markets 17 Mar 2008

UAE market news & discussions for 17 March 2008 Both UAE markets fell today in line with world stock markets. As liquidity becomes scarce in major markets, money is withdrawn from emerging markets to make up the short fall. The DFM index closed 1.65% down and the ADSM was also down by 1.72%. On the DFM, major trading shares like DFM, EMAAR and DEYAAR all finished down by over 2 per cent. On the ADSM, AABAR and ALDAR were both down over 5 per cent and FGB finished lower by over 4 per cent. ADSM Announcements: AAAIC :Al Ain Ahlia Insurance Announces BOD Meeting Results Held on March 17, 2008 ADAVIATION: Abu Dhabi Aviation Announces BOD Meeting Results Held on March 17, 2008 and the AGM will be Held on April 20, 2008 ALDAR: Increasing Al Dar Properties' Capital DRIVE: Emirates Driving Company discloses financial statements for the year ended 2007 NBS: ADSM Announces Adjustment of Bonus Shares Issued By Sharjah Islamic Bank SOROUH: Sorouh Real Estate establishes Sorouh International Limited an Offshore company TAQA: Abu Dhabi National Energy Company discloses financial statements for the year ended 2007 UNB: ADSM Announces Adjustment of Bonus Shares Issued By Union National Bank DFM Announcements: DIB: Today 17/03/2008, is the last trading date for entitlement to Dubai Islamic Bank distributions. DIC: Dubai Investments announces its BOD meeting to be held on 19/03/2008 DIN: Dubai Insurance announces the resolutions of its AGM held on 16/03/2008 DNIR: Dubai National Insurance and Reinsurance announces the resolutions of its AGM & EGM held on 16/03/2008 MAZAYA: Al Mazaya Holding Company discloses its audited consolidated financial statements for the year ended 31/12/2007

• Marketwatch DFM March 2008
• DIC > Emirates Glass 2007 FY profit up 106% - PR 08 Mar 08
• 17 March 2008 ADSM DFM DIFX disclosures & news
• OILC 2007 FY profit +78% to AED 171m - 20 Jan 08
• Where is EMAAR price heading to?
• Abyaar listing on DFM
• Abyaar AGM report - PR 16 Mar 08
• ALDAR - Al Mamoura Office Complex open - PR 16 Mar 08
• Citi Initiates Buy/High Risk On DFM Co; Target AED8 16 Mar 08
• AABAR trading 05 Mar 08
• UNB share price falls 15% 12 March 2008?
• 14 15 16 March 2008 ADSM DFM DIFX disclosures & news
• Ishraq IPO
• Manazel IPO
• Where is amlak heading?
• Al Qudra IPO
• Iskan IPO
• Al Rayan IPO
• Taqa, Arabtec, Dubai Islamic, Etisalat: Gulf Equity Preview 15 Mar 08
• Etisalat Nigeria starts - 15 Mar 08
• DIFX to list AED 330 bn Iran energy fund? GN 16 Mar 08
• DFM net foreign selling last week - PR 15 March 2008
• TAQA - Shell ExxonMobil deal 14 Mar 08
• ARTC AED 520m villa contract from Emaar - PR 15 Mar 08
• TABREED's Annual General Meeting see new board of directors

More UAE stock market news and discussions...

best stock rises symbol price change NCTH 9.30 +0.84 +9.9% ASMAK 7.18 +0.63 +9.6% TKFL 7.22 +0.60 +9.1% UNION 3.10 +0.18 +6.2% NGI 6.93 +0.33 +5%

worst stock falls symbol price change ARIG 3.30 -0.53 -13.8% INVESTB 3.32 -0.33 -9% FBICO 2.87 -0.24 -7.7% RAPCO 3.75 -0.30 -7.4% AABAR 3.61 -0.20 -5.2%

top volume symbol value (AED) price EMAAR 337,797,044 11.35 DFM 233,101,555 5.51 ALDAR 174,879,232 10.10 DIB 165,223,586 11.85 AIRARABIA 100,142,899 1.94

Dubai Financial Market

The DFM index closed at 5,581 a fall of 1.65% from the previous close. 241 million shares were traded worth 1.2 billion dirhams. Six shares advanced and twenty declined.
The top traded share was AIRARABIA falling 3.96% to 1.94 dirhams on turnover of 50 million shares.

Other shares to fall included: DEYAAR 2.40 (2.43%), DFM 5.51 (2.65%), Dubai Islamic Bank (DIB) 11.85 (2.06%), Emaar Properties (EMAAR) 11.35 (2.57%) and Islamic Arab Insurance (IAIC) 3.20 (1.84%).

Shares to rise included: ARAMEX 2.92 (0.68%) and Shuaa Capital (SHUAA) 8.37 (0.84%).

Abu Dhabi Securities Market

The ADSM index closed at 4,601 a fall of 1.72% from the previous close. 93 million shares were traded worth 585 million dirhams. Eleven shares advanced and twenty nine declined.
The top traded share was Aldar Properties (ALDAR) falling 5.16% to 10.10 dirhams on turnover of 17 million shares.

Other shares to fall included: Aabar Petroleum (AABAR) 3.61 (5.25%), Dana Gas (DANA) 2.13 (3.18%), RAK Properties (RAKPROP) 2.33 (2.51%), First Gulf Bank (FGB) 19.70 (4.37%) and Sorouh Real Estate (SOROUH) 9.95 (2.93%).

Shares to rise included: Abu Dhabi Commercial Bank (ADCB) 6.25 (0.16%) and Union Cement (UCC) 4.09 (4.34%).

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