UAE markets 26 Mar 2008

UAE market news & discussions for 26 March 2008 Different directions on UAE markets today with the DFM index falling by 0.13% and the ADSM index up 1.54%. A little over a billion worth of shares were traded on the DFM and a modest 528 million worth on the ADSM. On the DFM, SALAM Bank of Bahrain listed closing 14.76% up at 2.72 dirhams. On the ADSM, ADCB lifted 3.23% to 6.72 dirhams on 11.8 million shares traded. DFM Company Announcements: ALMADINA: Discloses its preliminary financial results for 2007 AHI: AGM of Arab Heavy Industries is being held today, 26/03/2008. ARMX: Deferment of AGM to 2/04/2008 for lack of quorum ARTC: Wins a contract from Shaikh Holdings DFM: Approves 10% dividend. EMAAR: Today 26/03/2008, is the last trading date for entitlement to Emaar distributions. ADSM Company Announcements ALDAR: Aldar Properties board meeting approved to issue 8,064,514 shares through convertible Sukuk. ALDAR: Aldar Properties support Abu Dhabi's 2030 Plan with Developments Show cased at World Property Market MIPIM For more information see the Sharewadi Calendar

• 26 March 2008 ADSM DFM DIFX disclosures & news
• Insider trades March 2008
• TAQA 2007 FY profit AED 1bn +106% 31 Jan 2008
• Retaining shares after moving
• Airarabia buys 2 aircraft
• DFM profit 2007 AED 1.4 bn +76% - PR 13 Jan 2007
• Future Pipes IPO
• Depa IPO
• Marketwatch DFM March 2008
• DDC 2007 FY profit AED 0.46m +7% 25 Feb 2008
• ACICO 2007 FY profit AED 300m +65% 25 Mar 2008
• ARTC 2008 FY revenue up 40% - R 25 Mar 08
• Al Salam Bank Bahrain DFM listing
• DIC 2007 FY profit AED 1.5bn +52% 29 Jan 2008
• Tamweel ready to repeat 2007 performance
• EMAAR 2007 FY profit AED 6.57 bn +3.1% 16 Jan 2008
• Dow & Nasdaq turn up the volume
• Air Arabia to New Delhi - PR 04 Mar 08
• Etisalat to allow foreign ownership of shares... 30 Mar 2006
• ENBD 2007 FY profit +35% to 3.95 bn - 13 Feb 08
• AEIBANK 2007 FY profit AED 26m -26% Q4 13m +944% - 31 Jan 2008
• ETISALAT 2007 FY profit +25% to Dh7.3 bn misses forecasts 28 Jan 08
• Tabreed TNI report 24 Mar 08
• 25 March 2008 ADSM DFM DIFX disclosures & news
• Sorouh to issue AED 3.7 bn bond - R 24 Mar 08

More UAE stock market news and discussions...

best stock rises symbol price change GFH 15.00 +1.90 +14.5% FCI 6.93 +0.63 +10% NBQ 5.66 +0.51 +9.9% OEIHC 6.04 +0.52 +9.4% AKIC 1.99 +0.17 +9.3%

worst stock falls symbol price change ARIG 3.57 -0.41 -10.3% QTEL 220.60 -24.40 -10% FH 9.26 -0.94 -9.2% DRIVE 6.35 -0.51 -7.4% FOODCO 4.26 -0.30 -6.6%

top volume symbol value (AED) price EMAAR 305,151,035 11.50 UPP 145,195,420 4.46 DFM 145,056,357 5.44 DIB 115,955,659 9.55 AIRARABIA 112,420,446 1.87

Dubai Financial Market

The DFM index closed at 5,460 a fall of 0.13% from the previous close. 264 million shares were traded worth 1.1 billion dirhams. Twelve shares advanced and fifteen declined.
The top traded share was AIRARABIA falling 2.09% to 1.87 dirhams with 59 million shares traded.

Other shares to fall included: DEYAAR 2.36 (2.07%), DFM 5.44 (1.09%) and Dubai Islamic Bank (DIB) 9.55 (1.54%).

Shares to rise included: SALAM-BAH 2.72 (14.76%), Arabtec (ARTC) 11.65 (1.74%), Commercial Bank of Dubai (CBD) 9.29 (4.97%), Emaar Properties (EMAAR) 11.50 (0.87%), Union Properties (UPP) 4.46 (7.46%) and Tabreed (TABREED) 2.35 (0.85%).

Abu Dhabi Securities Market

The ADSM index closed at 4,676 a rise of 1.54% from the previous close. 79 million shares were traded worth 528 million dirhams. Twenty nine shares advanced and ten declined.
The top traded share was Abu Dhabi Commercial Bank (ADCB) rising 3.23% to 6.72 dirhams with 11.8 million shares traded.

Other shares to rise included: ADNH 9.80 (2.73%), Aldar Properties (ALDAR) 10.55 (2.93%), Aabar Petroleum (AABAR) 3.27 (0.31%), Dana Gas (DANA) 2.10 (1.45%) and Etisalat (ETISALAT) 24.65 (1.02%).

Shares to fall included: Sorouh Real Estate (SOROUH) 9.06 (0.33%), ADNIC 9.80 (1.01%) and ADAVIATION 5.13 (3.21%).

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