UAE markets 03 Apr 2008

UAE market news & discussions for 03 April 2008 Emirates Post is reported to be holding an IPO within 2 months. AGM results include 10% bonus shares for Aramex, possibly a 1.5% cash dividend for Fujairah Trade Center, and a 20% dividend for RAK White Cement.

• 03 April 2008 ADSM DFM DIFX disclosures & news
• Insider trades April 2008
• Marketwatch ADSM April 2008
• Future Pipes IPO
• Emirates Post IPO
• AABAR trading 05 Mar 08
• DFM Stock Game 2008?
• Tamweel ready to repeat 2007 performance
• Marketwatch DFM April 2008
• DIC rights issue phase 2
• FlyYeti.com takes off for Doha - Air Arabia - 02 Apr 08
• Share your Experience PLEASE: Best Brokers in DFM
• Introduce yourself here and read about other DST forumers...
• 02 April 2008 ADSM DFM DIFX disclosures & news
• Technical Analysis resources for beginners?
• Agthia to become full Fledged Beverage Company 01 Apr 08

More UAE stock market news and discussions...

best stock rises symbol price change GRAND 4.00 +0.50 +14.3% AWNIC 6.53 +0.59 +9.9% FCI 6.50 +0.56 +9.4% AKIC 2.56 +0.20 +8.5% NBS 2.78 +0.19 +7.3%

worst stock falls symbol price change OEIHC 4.68 -0.52 -10% INVESTB 3.34 -0.31 -8.5% ASMAK 7.01 -0.54 -7.2% SALAM 18.90 -1.40 -6.9% NCC 14.50 -0.40 -2.7%

top volume symbol value (AED) price TAMWEEL 304,677,904 7.36 ALDAR 267,051,300 10.80 SOROUH 247,711,747 9.34 EMAAR 238,193,204 11.35 DIC 162,333,598 5.34

Dubai Financial Market

The DFMGI crept ahead by just 0.14% to 5466 with turnover of AED 1.4 billion. Tamweel (TAMWEEL) stood out with top traded value of AED 305m and a decent 2.9% rise to 7.36, while Tabreed (TABREED) soared by 6.3% to 2.69 but on less lively trading volumes.

The top gainer, GRAND, rose on a single trade of just 100 shares. Arabtec (ARTC) had a decent 5.3% rise to 12.00 but saw a good number of inside trades today. AMAN was up 3.6%, Shuaa Capital (SHUAA) and Union Properties (UPP) rose 2.4% and another 6 stocks rose between 1% and 2%.

Of the 8 losers today, Emirates NBD (ENBD) fell the most out of the more active stocks, dropping by 2.2% to 10.95. DEYAAR was down 1.65 and SALAM_BAH fell 1.5%.

Abu Dhabi Securities Market

The ADSM index rose an encouraging 1.39% to 4759 points with turnover a reasonable AED 1.15 billion. The 2 Abu Dhabi property companies, Aldar Properties (ALDAR) and Sorouh Real Estate (SOROUH), dominated the trading with about AED 0.5 billion of turnover between them, and both rising by about 2.8%. RAK Properties (RAKPROP) was also up there with a similar increase and turnover also fairly robust.

AKIC had an imressive 8.5% increase to 2.57 on greater than usual trading levels, and issued a statement saying they didn't know of any reason for the jump in price. NBS was also on a tear with a 7.3% increase to 2.75 from relatively high turnover. AGTHIA was the next gainer in line to stand out with a 3% rise.

RAK Bank (RAKBANK) saw some rare trading activity and rose by 2.7% to 7.15, BILDCO (BILDCO) was up 2.6%, Union Cement (UCC) up 2.5%, RAK Ceramics (RAKCEC) by 2.3%, and First Gulf Bank (FGB) fairly busy with a 2% rise to 19.90. The remaining gainers rose less than 2% or on turnover of less than AED 1 million. Etisalat (ETISALAT) was up by 1.7% to 20.85.

There were only 10 losers in Abu Dhabi today, the top three on total turnover of less than AED 300,000. NCTH had just over AED 1 m of traded value and fell 2.1% to 9.00, Abu Dhabi Islamic Bank (ADIB) fell 1.25% and the remainder fell less than 1% or on light turnover.

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