UAE markets 23 Apr 2008

UAE market news & discussions for 23 April 2008 After a good run the DFM index took a breather today falling by 1.20% to 5,707. All of the major stocks declined lead by AMLAK and DEYAAR both falling by more than two per cent. The ADSM index finished virtually unchanged at 5,015 with one billion dirhams worth of shares being traded. The top traded share by volume was AABAR rising 1.51%, but the standout share was Finance House rising 8.41% to 12.25 dirhams. DIFX DEPA shares listed today opening at $1.65 before closing at $1.53 with 18 million shares traded. DP World trading picked up closing at $1.05 with 12 million shares traded. Other Stock News Aabar Energy AGM will be on 28 April 2008 at 5:00pm. International Fish Farming AGM has been postponed to April 29,2008 due to lack of quorum Aramex Inaugurates the largest documents management facility in the region Deferred AGM of Dubai Investments is being held today, 23/04/2008. National General Cooling: Approval for GCC nationals to hold companys shares up to 100% Upcoming Events AGTHIA AGM & EGM at 4:00pm , no dividend proposal in agenda CBI AGM at 5:00pm (second AGM) postponed from 23 Mar 2008 See the Sharewadi Calendar for more AGM and dividend dates

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• UPP 10% share dividend for 07FY after all? 23 Apr 08
• UPP 2007 FY profit AED 680m +11% Q4 210m -30% 23 Jan 2008
• TAMWEEL 2008 Q1 profit AED 180m +249% 22 Apr 2008
• TAIB Fitch ratings - TF 21 Apr 08
• 23 April 2008 ADSM DFM DIFX disclosures & news
• Further rally possible in Amlak as resistance levels have been broken...
• TAQA 2008 Q1 results due 30 April 2008 (AM)
• ADNH new chairman, 5 year plan - PR 22 Apr 08
• GLOBAL GDRs
• GLOBAL 35% capital increase and dividends - AT 26 Mar 2008
• The pull of the bank - 22 Apr 08
• TAMWEEL report Shuaa - 02 Apr 2008
• Tamweel witnessing high accumulation - 22 Apr 08
• RAKCC TNI report - 22 April 2008
• ADCB 2007 FY profit -2.9% to Dh2.09 bn, misses own forecast 04 Feb 08
• Insider trades April 2008

More UAE stock market news and discussions...

best stock rises symbol price change FH 12.25 +0.95 +8.4% FBICO 4.66 +0.33 +7.6% AAAIC 130.00 +9.00 +7.4% NMDC 13.35 +0.75 +6% QTEL 215.00 +11.30 +5.5%

worst stock falls symbol price change GMPC 5.04 -0.55 -9.8% TKFL 7.75 -0.73 -8.6% FOODCO 5.58 -0.43 -7.2% ADAVIATION 4.97 -0.27 -5.2% ADSB 4.70 -0.25 -5.1%

top volume symbol value (AED) price TAMWEEL 335,614,162 8.23 DFM 309,051,674 5.81 EMAAR 278,228,283 11.70 ALDAR 234,128,736 11.45 UPP 217,700,124 5.15

Dubai Financial Market

The DFM index closed at 5,707 a fall of 1.20% from the previous close. 373 million shares were traded worth 1.9 billion dirhams. Four shares advanced and nineteen declined.
The top traded share was DEYAAR falling 2.55% to 2.29 dirhams on volume of 59 million shares traded.

Other shares to fall included: AIRARABIA 1.98 (1.00%), Amlak Finance (AMLAK) 4.85 (2.61%), DFM 5.81 (0.68%), Emaar Properties (EMAAR) 11.70 (1.68%), Tamweel (TAMWEEL) 8.23 (1.43%) and Union Properties (UPP) 5.15 (0.77%).

Emirates NBD (ENBD) rose by 0.43% to 11.55 dirhams.

Abu Dhabi Securities Market

The ADSM index closed at 5,015 a rise of 0.03% from the previous close. 181 million shares were traded worth 1 billion dirhams. Nineteen shares advanced and twenty one declined.
The top traded share was Aabar Petroleum (AABAR) rising 1.51% to 3.37 dirhams on volume of 28 million shares traded.

Other share to rise included: Abu Dhabi Islamic Bank (ADIB) 6.48 (0.62%), Aldar Properties (ALDAR) 11.45 (0.44%), Finance House (FH) 12.25 (8.41%) and RAK Properties (RAKPROP) 2.32 (0.43%)

Shares to fall included: Abu Dhabi Commercial Bank (ADCB) 7.18 (0.14%), ARKAN 4.63 (1.28%), First Gulf Bank (FGB) 22.80 (0.22%) and Abu Dhabi National Energy (TAQA) 3.43 (0.29%).

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