UAE markets 14 Apr 2008

UAE market news & discussions for 14 April 2008 A very subdued days trading on UAE markets today. Trading volume was approximately 100 million shares on both markets with both indicies falling slightly. The top tradd shares on DFM were AIRARABIA and GULFNAV. The top traded share on ADSM was DANA. Unlisted Dubai Bank posted strong Q1 earnings up 300% to Dhs 131 million compared to Q1 2007. This suggests UAE Banks had a good quarter despite the currrent turmoil. Finance House Q1 2008 Net Profit DHS 126 million up 300% from Q1 2007.

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best stock rises symbol price change GMPC 7.08 +0.63 +9.8% NMDC 11.00 +0.95 +9.5% AKIC 3.34 +0.28 +9.2% ASMAK 9.41 +0.63 +7.2% ALFIRDOUS 2.36 +0.09 +4%

worst stock falls symbol price change NCTH 9.02 -0.48 -5.1% CBD 9.15 -0.45 -4.7% NBQ 4.50 -0.20 -4.3% DRC 18.50 -0.55 -2.9% BILDCO 3.77 -0.11 -2.8%

top volume symbol value (AED) price ALDAR 110,112,759 10.80 DFM 87,312,085 5.12 SOROUH 75,408,485 9.48 EMAAR 72,454,614 11.00 ARTC 70,951,792 13.80

Dubai Financial Market

The DFM index closed at 5,422 a fall of 0.34%. 91 million shares were traded worth 411 million dirhams. Seven shares advanced and seventeen declined.
AIRARABIA rising 0.53% to 1.89 dirhams and GULFNAV falling 1.23% to 1.61 dirhams were the top traded shares.

Other shares to rise included: Arabtec (ARTC) 13.80 (1.10%), ARAMEX 2.54 (0.79%) and Union Properties (UPP) 4.82 (0.21%).

Shares to fall included: DEYAAR 2.32 (1.69%), DFM 5.12 (0.58%) and Tabreed (TABREED) 2.45 (2.00%).

Abu Dhabi Securities Market

The ADSM index closed at 4,842 a fall of 0.23%. 113 million shares were traded worth 590 million dirhams. Twenty two shares advanced and seventeen declined.
The top traded share was Dana Gas (DANA) falling 0.96% to 2.06 dirhams on volume of 21 million shares traded.

Other shares to fall included: Aldar Properties (ALDAR) 10.80 (0.46%), NBQ 4.50 (4.26%), RAK Properties (RAKPROP) 2.28 (2.15%) and Sorouh Real Estate (SOROUH) 9.48 (0.94%).

Shares to rise included: Abu Dhabi Islamic Bank (ADIB) 6.41 (1.91%), AKIC 3.34 (9.15%), ARKAN 4.27 (0.23%) and Abu Dhabi Commercial Bank (ADCB) 6.76 (0.75%).

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