UAE markets 18 Mar 2008

UAE market news & discussions for 18 March 2008 The UAE markets continue to mark time as the DFM index closes 0.64% higher and the ADSM index closes 0.51% lower on low volumes. Traders seem cautious as they wait to see whether the Federal Reserve action is successful in restoring confidence and liquidity in the markets. The top traded share on the DFM was itself rising 2.72% to 5.66 dirhams on turnover of 43 million shares. The top traded share on the ADSM was AABAR rising 0.55% to 3.63 dirhams on turnover of 21 million shares. DFM Announcements: ASCANA: Today 18/03/2008, is the last trading date for entitlement to Arab Scandinavian Insurance distributions. DIB: Today, 18/03/2008 is the Ex-dividend date for Dubai Islamic Bank shares and trading resumes with the adjusted price. DU: AGM of Du Telecom is being held today, 18/03/2008. TABREED: Today 18/03/2008, is the last trading date to entitle for National Central Cooling distributions. ADSM Announcements: CIB: Commercial International Bank – Egypt announces the Minutes of its AGM held on March 17, 2008 NBQ: National Bank of Umm Al Qaiwain: Announces the resolutions of its AGM held on March 17, 2008 RAKCC: Ras Al Khaimah Cement Company announces its BOD meeting results held on March 16, 2008

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• ASNIC 2007 FY profit AED 120m +923% 17 Feb 2008
• ARTC 2007 FY profit +128% to AED 494m - 19 Jan 2008
• OILC 2007 FY profit +78% to AED 171m - 20 Jan 08
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• AMLAK 2007 FY profit AED 301m 12 Jan 2008
• AABAR to sell Pearl Energy for AED 3.2 bn? 13 Jan 08
• TAQA 2007 FY profit AED 1bn +106% 31 Jan 2008
• AABAR trading 05 Mar 08
• AAAIC 2007 FY profit AED 210m +14% 30 Jan 2008
• DIC > Emirates Glass 2007 FY profit up 106% - PR 08 Mar 08
• 17 March 2008 ADSM DFM DIFX disclosures & news
• Abyaar listing on DFM
• Abyaar AGM report - PR 16 Mar 08
• ALDAR - Al Mamoura Office Complex open - PR 16 Mar 08

More UAE stock market news and discussions...

best stock rises symbol price change ARIG 3.79 +0.49 +14.8% FBICO 3.15 +0.28 +9.8% NGI 7.27 +0.34 +4.9% NMDC 10.45 +0.40 +4% TKFL 7.12 +0.28 +4.1%

worst stock falls symbol price change ASMAK 6.59 -0.59 -8.2% AWNIC 5.60 -0.45 -7.4% FOODCO 4.66 -0.34 -6.8% ASCANA 2.85 -0.14 -4.7% JULPHAR 2.55 -0.08 -3%

top volume symbol value (AED) price ALDAR 386,708,946 10.05 DFM 241,246,231 5.66 EMAAR 202,023,906 11.45 DIB 103,328,163 9.99 AABAR 78,229,140 3.63

Dubai Financial Market

The DFM index closed at 5,617 a rise of 0.64% from the previous close. 183 million shares were traded worth 902 million dirhams. Twenty shares advanced and four declined.
The top traded share was DFM rising 2.72% to 5.66 dirhams on turnover of 43 million shares.

Other shares to rise included: AIRARABIA 1.98 (2.06%), DEYAAR 2.42 (0.83%), and Emaar Properties (EMAAR) 11.45 (0.88%).

Shares to fall included: Dubai Islamic Bank (DIB) 9.99 (3.00%) and Shuaa Capital (SHUAA) 8.24 (1.55%).

Abu Dhabi Securities Market

The ADSM index closed at 4,578 a fall of 0.51% from the previous close. 118 million shares were traded worth 773 million dirhams. Nineteen shares advanced and twenty declined.
The top traded share was Aldar Properties (ALDAR) falling 0.50% to 10.05 dirhams on turnover of 38 million shares.

Other shares to fall included: Dana Gas (DANA) 2.12 (0.47%), WAHA 2.32 (2.11%), NBS 2.95 (2.64%) and Sorouh Real Estate (SOROUH) 9.86 (0.90%).

Shares to rise included: Aabar Petroleum (AABAR) 3.63 (0.55%), ARKAN 3.78 (1.34%), Abu Dhabi National Energy (TAQA) 3.43 (1.18%) and RAK Cement (RAKCC) 2.03 (0.49%).

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