UAE markets 31 Mar 2008

UAE market news & discussions for 31 March 2008 A day of mixed fortunes on UAE markets with the DFM index turning around sharply at midday and finishing 1.96% higher. The ADSM index fell all day closing 1.00% down. The top traded shares on DFM were AIRARABIA rising 2.76% and DFM also rising by 3.65%. TABREED was the top gainer rising by more than 8% to close at 2.40 dirhams. The top traded share on ADSM was WAHA rising by 0.92% to 2.20 dirhams on 39 million shares traded. In a boost to the DIFX, Future Pipe Industries is to list 35% of the company on the exchange. DFM Company Announcements DRC: Discloses its audited consolidated financial statements for the year ended 31/12/2007 GGICO: Gulf General Investment Company: Announces the resolutions of its AGM & EGM held on 30/03/2008 GULFNAV: Gulf Navigation: Announces the resolutions of its AGM held on 30/03/2008 and deferred its EGM to be held on 30/04/2008 for the lack of quorum. ADSM Company Announcements ADNIC: Result of Abu Dhabi National Insurance AGM RAKPROP: Founders of RAK Properties to trade their shares starting from April 1, 2008 ADCB: Tp propose issuing a Dh 4.8 bn Convertible bond to boost shareholder equity and take advantage of a surge in demend for loans.

• Global initiates coverage on Air Arabia with a BUY - 30 Mar 2008
• Marketwatch DFM March 2008
• AABAR trading 05 Mar 08
• Tamweel ready to repeat 2007 performance
• RAK Properties.......Why the rapid fall?? 30 Mar 08
• 31 March 2008 ADSM DFM DIFX disclosures & news
• Insider trades March 2008
• 30 March 2008 ADSM DFM DIFX disclosures & news
• DFM Stock Game 2008?
• DIC rights issue phase 2
• Air Arabia AGM 31st March 2008
• Where is EMAAR price heading to?
• UNB share price falls 15% 12 March 2008?
• UAE & GCC currency peg analysis - R 27 Mar 08
• Nasser Al-Shaikh named Chairman of Deyaar - PR 29 Mar 08
• DFM AED 90m net foreign investment last week 29 Mar 08
• TABREED 2007 FY profit forecast down 30% to AED 70m
• New format for latest news - starting 14 Feb 08
• Retaining shares after moving
• TABREED report TNI - 02 Mar 08
• Cement sector UAE report TNI - 26 Mar 08
• 27 March 2008 ADSM DFM DIFX disclosures & news
• Depa IPO
• Al Rayan IPO
• Depa IPO announcement - PR 26 Mar 08

More UAE stock market news and discussions...

best stock rises symbol price change ASMAK 7.43 +0.67 +9.9% FH 10.05 +0.80 +8.6% TABREED 2.40 +0.19 +8.6% OILC 2.20 +0.17 +8.4% INVESTB 3.65 +0.25 +7.4%

worst stock falls symbol price change ARIG 3.39 -0.59 -14.8% NMDC 10.35 -1.00 -8.8% GLOBAL 12.85 -1.10 -7.9% TAQA 3.12 -0.19 -5.7% ADIB 6.36 -0.27 -4.1%

top volume symbol value (AED) price EMAAR 350,593,803 10.95 DFM 254,111,845 5.10 SOROUH 179,922,076 8.31 ARKAN 123,114,719 4.02 AIRARABIA 104,802,412 1.86

Dubai Financial Market

The DFM index closed at 5,351 a rise of 1.96% from the previous close. 285 million shares were traded worth 1.2 billion dirhams. Twenty four shares advanced and four declined.
The top traded share was AIRARABIA rising 2.76% to 1.86 dirhams on 57 million shares traded.

Other shares to rise included: Amlak Finance (AMLAK) 4.24 (4.69%), DEYAAR 2.33 (1.74%), DFM 5.10 (3.65%) and Emaar Properties (EMAAR) 10.95 (0.92%).

Shares to fall included: Du Telecom (DU) 5.45 (0.73%) and ARAMEX 2.67 (1.11%).

Abu Dhabi Securities Market

The ADSM index closed at 4,556 a fall of 1.00% from the previous close. 192 million shares were traded worth 800 million dirhams. Ten shares advanced and twenty six declined.
The top traded share was WAHA rising 0.92% to 2.20 dirhams on 39 million shares traded.

Other shares to rise included: Sorouh Real Estate (SOROUH) 8.31 (2.09%) and Dana Gas (DANA) 2.04 (0.49%).

Shares to fall included: Aabar Petroleum (AABAR) 3.15 (1.88%), Abu Dhabi Islamic Bank (ADIB) 6.36 (4.07%), ARKAN 4.02 (0.50%), RAK Properties (RAKPROP) 2.04 (4.23%) and Etisalat (ETISALAT) 23.75 (1.66%).

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