UAE markets 06 Apr 2008

UAE market news & discussions for 06 April 2008 Amlak announced an impressive five-fold increase in Q1 2008 profits to AED 126 million but revenues increased by less than three times, according to Reuters. Depa launched their IPO today. It closes on 13 April 2008 and is open to GCC nationals and UAE residents. DP World are expected to release their 2007 FY results tomorrow. AGMs tomorrow for Abu Dhabi Ship Building and Tamweel.

• 04 05 06 April 2008 ADSM DFM DIFX disclosures & news
• Al REEF Villas - Manazel R.E.
• AMLAK 2008 Q1 profit + 429% to AED 126m - 06 Apr 08
• Arabtec - HSBC & Morgan Stanley
• Damac - Palm Springs
• Depa initial public offering launched - R 06 Apr 08
• DFM Stock Game 2008?
• DFM AED 283m foreign investment last week - PR 05 Apr 08
• DIC rights issue phase 2
• DPW to develop Emaar Economic City port - PR 05 Apr 08
• Marketwatch ADSM April 2008
• Marketwatch DFM April 2008
• MS Excel - Technical stock analysis templates?
• RAK Properties.......Why the rapid fall?? 30 Mar 08
• Tameer - Al Firdous project (Umm Al Quwain)
• Technical Analysis resources for beginners?
• 03 April 2008 ADSM DFM DIFX disclosures & news

More UAE stock market news and discussions...

best stock rises symbol price change UNION 3.34 +0.30 +9.9% ASMAK 7.69 +0.68 +9.7% QCEM 2.94 +0.21 +7.7% RAKPROP 2.36 +0.12 +5.4% NMDC 10.00 +0.47 +4.9%

worst stock falls symbol price change ARIG 3.26 -0.39 -10.7% NBQ 5.10 -0.56 -9.9% TKFL 8.19 -0.81 -9% DRIVE 6.09 -0.61 -9.1% QTEL 200.40 -18.60 -8.5%

top volume symbol value (AED) price EMAAR 258,048,976 11.40 TAMWEEL 205,861,635 7.45 RAKPROP 189,965,271 2.36 SOROUH 183,933,976 9.32 DFM 157,644,008 5.32

Dubai Financial Market

The DFMGI rose almost 1% to 5516 points today, with turnover unexciting at AED 1.37 billion. Emaar Properties (EMAAR) rose 0.44% to 11.40 and took the top spot on the traded value table with AED 260 m of turnover.

GULFNAV saw the greatest increase with a 4.9% lift to 1.71 and solid trading levels, AMAN was up 3.6% to 30.05, Union Properties (UPP) and Amlak Finance (AMLAK) rose 3%, Dubai Investments (DIC) 2.9%, Emirates NBD (ENBD) 2.3%, Shuaa Capital (SHUAA) 2.25% and the remainder rose by less than 2%.

There were only 6 losers today. A big drop for Arab Insurance Group (ARIG) from very light trading, GGICO next in line with a 1.3% fall and the other 4 falling by less than 1%.

Abu Dhabi Securities Market

The ADSM index rose by 0.3% to 4773 from turnover just shy of AED 1 billion. The 3 property companies were at the top of the turnover table with Aldar Properties (ALDAR) up 1.85%, Sorouh Real Estate (SOROUH) down 0.2%, and RAK Properties (RAKPROP) standing out with a solid 5.4% rise to 2.43 from heavy trading.

QCEM also stood out with an impressive 7.7% gain to 2.94 from greater than usual trading, National Marine Dredging (NMDC) also creeping into the spotlight a bit with a 4.9% rise to 9.57, and AKIC another obscure stock coming forward with a 3.5% rise to 2.80 from a busy day's trading.

Oasis Leasing (OILC) rose 2.5%, Aabar Petroleum (AABAR) 2% and the remainder were up by less than 2% or from less than AED 1 million of turnover. Etisalat (ETISALAT) remained unchanged at 20.80.

The top 5 losers all fell on thin turnover. The worst fall on more significant activity was ADNH with a drop of 2% to 10.00. Bank Of Sharjah (BOS) was down 1.7%, Sudan Telecom (SUDATEL) down 1% and another 8 stocks fell less than 1%.

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