UAE markets 02 Apr 2008

UAE market news & discussions for 02 April 2008 Both UAE markets were up today with the ADSM index closing 1.73% higher and the DFM 0.45% higher. Volume on both markets was healthy. The top traded share on DFM was AIRARABIA rising 1.05% to 1.91 dirhams on volume of 83 million shares traded. The top traded share on ADSM was DANA rising 4.69% to 2.23 dirhams on volume of 57 million shares traded. Business News. As Western economies slow UAE firms are looking East. Today EMAAR announced it would explore opportunities in China and ETISALAT is considering the Indian market. DFM Company Announcements AEIBANK: BOD appoints Mr. Khalid Safari Executive Director of the bank AEIBANK: Today, 02/04/2008 is the Ex-dividend date for Arab Emirates Investment Bank Distributions 0. AHI: Today 02/04/2008, is the last trading date to entitle for Arab Heavy Industries distributions. ARMX: Deferred AGM of Aramex is being held today, 02/04/2008. ARTC: Today, 02/04/2008 is the Ex-dividend date for Arabtec Distributions 0. DFM): Today 02/04/2008, is the last trading date to entitle for Dubai Financial Market distributions. EIB: Agenda of AGM & EGM being held on 22/04/2008 UPP: Agenda of its AGM being held on 22/04/2008 For more UAE company news see the Sharewadi Calendar

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best stock rises symbol price change NRE 7.00 +0.70 +11.1% OEIHC 5.20 +0.47 +9.9% FBICO 3.00 +0.26 +9.5% QTEL 219.00 +17.50 +8.7% NBS 2.59 +0.20 +8.4%

worst stock falls symbol price change GRAND 3.50 -0.46 -11.6% ARTC 11.40 -0.70 -5.8% FCI 6.53 -0.40 -5.8% DRIVE 6.49 -0.36 -5.3% ENBD 11.20 -0.50 -4.3%

top volume symbol value (AED) price SOROUH 324,319,552 9.09 EMAAR 246,111,666 11.35 DFM 227,033,911 5.34 TAMWEEL 161,059,296 7.15 AIRARABIA 159,692,613 1.91

Dubai Financial Market

The DFM closed at 5,458 a rise of 0.45% from the previous close. 361 million shares were traded worth 1.6 billion dirhams. Eighteen shares advanced and nine declined.
The top traded share was AIRARABIA rising 1.05% to 1.91 dirhams on 83 million shares traded.

Other shares to rise included: ARAMEX 2.84 (4.02%), DEYAAR 2.44 (2.09%), DFM 5.34 (0.94%), Emaar Properties (EMAAR) 11.35 (0.88%), GULFNAV 1.60 (3.22%), Tabreed (TABREED) 2.53 (4.11%) and Tamweel (TAMWEEL) 7.15 (3.92%).

Shares to fall included: AMAN 28.00 (0.88%), Arabtec (ARTC) 11.40 (5.78%) and Amlak Finance (AMLAK) 4.35 (0.22%).

Abu Dhabi Securities Market

The ADSM closed at 4,693 a rise of 1.73% from the previous close. 257 million shares were traded worth 1.14 billion dirhams. Thirty six shares advanced and eight declined.
The top traded share was Dana Gas (DANA) rising 4.69% to 2.23 dirhams on turnover of 57 million shares.

Other shares to rise included: Aabar Petroleum (AABAR) 3.36 (3.09%), ARKAN 4.24 (1.44%), WAHA 2.39 (1.70%), Etisalat (ETISALAT) 20.45 (2.05%), RAK Properties (RAKPROP) 2.18 (3.81%) and Sorouh Real Estate (SOROUH) 9.09 (4.97%).

AKIC 2.36 (1.26%) was the only share to fall on significant volume.

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