UAE markets 24 Mar 2008

UAE market news & discussions for 24 March 2008 The sellers dominated UAE markets today with the DFM index down by over 2.5 per cent and the ADSM index down over 1.5 per cent. Losses were felt across the board however volumes traded were low. On the DFM, AIRARABIA, ARTC, DEYAAR, DFM and DIC all lost more than 3 per cent. TABREED ended down 7.84%. On the ADSM, realestate stocks were the worst performers with ALDAR, SOROUH and RAKPROP all down more than 4 per cent. Subprime hits AMLAK: With the wholesale debt markets closed and the banking license on hold, AMLAK is planing to sell as much as Dh 4.8 billion worth of convertible and non convertible bonds this year to finance expansion. EMAAR is bullish on Indian Realty especially the hospitality sector and will reconsider the IPO when the time is right according to the CEO. ADSM Company Announcements CBI: Commercial Bank International postpone the AGM NCTH:Result of National Corporation for Tourism & Hotels board meeting regarding the new board members QTEL: Result of Qatar Telecom AGM DFM Company Announcements AMLAK: Amlak Finance announces the resolutions of its EGM held on 23/03/2008 AMLAK: Today 24/03/2008, is the last trading date for entitlementt to Amlak Finance distributions. ARMX: Aramex agenda of its AGM being held on 25/03/2008. ARTC: AGM of Arabtec is being held today, 24/03/2008. ENBD: Emirates ENBD announces the resolutions of its AGM held on 23/03/2008 TABREED: DFM announces the allocation of National General Cooling 7% bonus shares into shareholders accounts as per the company register closing on 23/03/2008. Further details see: http://www.sharewadi.com/calendar.php

• accumulate?
• 24 March 2008 ADSM DFM DIFX disclosures & news
• $/Dhs Revaluation Effect on DFM & ADSM ?
• DFM - Khartoum dual listings - PR 23 Mar 2008
• NBAD 2007 FY profit up 19% to AED 2.5 bn - R 28 Jan 2008
• EMAAR boss expects US property to fall another 50%? - R 22 Mar 08
• Amlak's EGM - AED 4.8 billion Sukuk issue - PR 23 Mar 08
• CBI 2007 FY profit AED 320m +3,297% 29 Jan 2008
• CIB 2007 FY profit AED 860m +51% 25 Feb 2008
• CBD 2007 FY profit +56% to AED 936m - 16 Jan 08
• Amlak Finance launches sales of Al Khawaneej land - PR 22 Mar 08
• TABREED 2007 FY profit forecast down 30% to AED 70m
• Marketwatch DFM March 2008
• New Investor Air Arabia & DP World IPO exit questions?
• Al Salam Bank Bahrain meets with shareholders PR 19 Mar 08
• NBQ capital increase / rights issue? 18 Mar 08
• SOROUH 2007 FY profit AED 1.26 bn beats forecasts - 30 Jan 2008
• WARE - Agility capital increase
• WARE Agility 2007 FY profits +34% to AED 2.3 bn? - 20 Feb 08
• DIC rights issue phase 2
• 20 21 22 23 March 2008 ADSM DFM DIFX disclosures and news
• DIC 2007 FY profit AED 1.5bn +52% 29 Jan 2008
• BOS 2007 FY profit +26% to Dh404 m PR 28 Jan 08
• BILDCO 2007 FY profit AED 58m -22% 06 Feb 2008
• BAYAN 2007 FY profit AED 100m +203% 12 Mar 2008

More UAE stock market news and discussions...

best stock rises symbol price change TKFL 7.75 +0.70 +9.9% CBI 3.04 +0.26 +9.4% SALAM 20.30 +1.70 +9.1% NMDC 11.00 +0.90 +8.9% NGI 8.41 +0.40 +5%

worst stock falls symbol price change GFH 13.10 -2.00 -13.2% RAKBANK 6.31 -0.69 -9.9% OEIHC 5.95 -0.63 -9.6% TABREED 2.35 -0.20 -7.8% ADAVIATION 5.37 -0.41 -7.1%

top volume symbol value (AED) price EMAAR 190,327,138 11.25 AIRARABIA 151,676,552 1.85 DIB 134,322,898 9.22 DFM 113,293,710 5.48 ADNH 109,643,916 9.51

Dubai Financial Market

The DFM index closed at 5,399 a fall of 2.68% from the previous close. 245 million shares were traded worth 963 million dirhams. ive shares advanced and twenty three declined.
The top traded share was AIRARABIA falling 3.64% to 1.85 dirhams on 80 mllion shares traded.

Other shares to fall included: Arabtec (ARTC) 11.15 (3.04%), DEYAAR 2.28 (3.74%), DFM 5.48 (3.00%), Dubai Investments (DIC) 5.40 (3.74%), Emaar Properties (EMAAR) 11.25 (2.17%), Dubai Islamic Bank (DIB) 9.22 (4.65%). GULFNAV 1.51 (2.58%) and Tabreed (TABREED) 2.35 (7.84%).

No shares gained on significant volume.

Abu Dhabi Securities Market

The ADSM index closed at 4,572 a fall of 1.56% from the previous close. 77 million shares were traded worth 443 million dirhams. Three shares advanced and thirty six declined.
The top traded share was ARKAN falling 0.26% to 3.80 dirhams on 14 million shares traded.

Other shares to fall included: Abu Dhabi Islamic Bank (ADIB) 64.40 (3.13%), WAHA 2.22 (3.06%), Aldar Properties (ALDAR) 10.05 (4.27%), Aabar Petroleum (AABAR) 3.31 (3.71%), and ADNH 9.51 (2.16%) 0.

No shares gained o significant volume.

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