UAE markets 27 Mar 2008

UAE market news & discussions for 27 March 2008 A slow days trading on UAE markets today characterised by low volumes and both indicies falling, DFM by 1.02% and ADSM by 0.24%. The top traded share on DFM was AIRARABIA falling 0.53% to 1.86 dirham on 28 million shares traded. The top traded share on ADSM was ARKAN rising 4.47% to 3.97 dirhams on 47 million shares traded. DFM Company Announcements: AHI: Arab Heavy Industries announces the resolutions of its AGM meeting held on 26/03/2008 DIC: Dubai Investments: Signs partnership agreement with Gaussin SA, France EMAAR: Today, 27/03/2008 is the Ex-dividend date for Emaar Properties shares. GLOBAL: Global Investment House announces the resolutions of its AGM & EGM held on 26/03/2008. ADSM Company Announcements: AABAR: Aabar Petroleum Investments Company discloses financial statements for the year ended 2007 ADAVIATION: Abu Dhabi Aviations urgent board meeting at 11:00am on 27th of march 2008 ARKAN: Arkan Building Materials annouces results of AGM held on 26th march 2008 SOROUH:Sorouh Real Estate strikes strategic alliance with MGM and RUBICON More infomation see Sharewadi Calendar

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• TAQA 2007 FY profit AED 1bn +106% 31 Jan 2008
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• 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

More UAE stock market news and discussions...

best stock rises symbol price change NMDC 10.45 +0.92 +9.7% FOODCO 4.67 +0.41 +9.6% FH 10.10 +0.84 +9.1% AKIC 2.17 +0.18 +9% NBF 5.00 +0.41 +8.9%

worst stock falls symbol price change QCEM 2.61 -0.24 -8.4% OEIHC 5.60 -0.44 -7.3% QTEL 206.30 -14.30 -6.5% GRAND 3.93 -0.27 -6.4% CBI 2.93 -0.17 -5.5%

top volume symbol value (AED) price EMAAR 206,096,435 11.25 ADNH 200,578,122 10.00 ARKAN 187,875,656 3.97 SOROUH 153,331,549 8.61 DFM 110,628,749 5.27

Dubai Financial Market

The DFM index closed at 5,404 a loss of 1.02% from the previous close. Eight stocks advanced and seventeen declined. 137 million shares were traded worth 644 million dirhams.
The top traded share was AIRARABIA falling 0.53% to 1.86 dirhams on 28 million shares traded.

Other shares to fall included: DEYAAR 2.33 (1.27%), DFM 5.27 (3.12%) and Emaar Properties (EMAAR) 11.25 (2.17%).

Shares to rise included: GULFNAV 1.56 (0.64%), Arabtec (ARTC) 12.05 (3.43%) and SALAM-BAH 2.80 (2.94%).

Abu Dhabi Securities Market

The ADSM index closed at 4,665 a loss of 0.24% from the previous close. Sixteen stocks advanced and Eighteen declined. 145 million shares were traded worth 784 million dirhams.
The top traded share was ARKAN rising 4.47% to 3.97 dirhams on 47 million shares traded.

Other shares to rise included: ADNH 10.00 (2.04%) and Abu Dhabi National Energy (TAQA) 3.33 (1.52%).

Shares to fall included: Aabar Petroleum (AABAR) 3.26 (0.31%), Dana Gas (DANA) 2.09 (0.48%), RAK Properties (RAKPROP) 2.28 (0.44%) and Sorouh Real Estate (SOROUH) 8.61 (4.97%).

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