UAE markets 24 Apr 2008

UAE market news & discussions for 24 April 2008 The DFM index resumed its upward trend today rising 0.61% to 5,742. However, the rise was on modest volumes of 234 million shares traded worth 1.2 billion dirhams. DFM was the standout share rising 2.06% to 5.93 dirhams. The ADSM index closed modestly lower by 0.18% at 5006. Turnover was bolstered by trading in ALDAR. The market seemed to like the 2008 Q1 results +203% from 2007, marking the share up 3.06% to 11.80 dirhams. DIFX DEPA limited closed down 1.31% at $1.51 on 3.8 million shares traded DP World closed steady at $1.05 on 6.3 million shares traded Other Stock News and Results ADCB 2008 Q1 profit AED 520m +10% 23 Apr 2008 AGTHIA 2008 Q1 profit AED 18m +104% 24 Apr 2008 ALDAR 2008 Q1 profit AED 1.36 bn +202% - 23 Apr 2008 BILDCO 2008 Q1 profit AED 16m +13% 24 Apr 2008 DIC dividends - AGM 23 April 2008 decided to distribute 10% share dividend instead of cash DIC M'Sharie 40% private sale EIB share dividend - 25% approved at AGM 22 April 2008 SOROUH 2008 Q1 profit AED 360m +217% 23 Apr 2008 UPP 10% share dividend for 07FY after all? 23 Apr 08 Upcoming Events Saturday, April 26 DIC rights issue phase II subscription period CBI BOD meeting (to decide next AGM date) Sunday, April 27 AKIC record date for 10% cash dividend DIC record date changed to 04 May 2008 due to postponed AGM FH record date 75% cash dividend FOODCO record date for 20% cash dividend JULPHAR record date 5% share & 10% cash dividends TAQA record date 10% share dividend See the Sharewadi Calendar for more AGM and dividend dates.

• M'sharie IPO
• Marketwatch DFM April 2008
• DIC > M'Sharie 40% private sale - GN 24 Apr 08
• AGTHIA 2008 Q1 profit AED 18m +104% 24 Apr 2008
• ACICO 2007 FY profit AED 300m +65% 25 Mar 2008
• ALDAR AED 3.6 bn convertible bond sale to Mubadala - 24 Apr 08
• ADNH 2007 FY profit AED 480m +63% 30 Jan 2008
• BILDCO 2008 Q1 profit AED 16m +13% 24 Apr 2008
• UCC 2008 Q1 profit AED 19m -13% 23 Apr 2008
• ADCB 2008 Q1 profit AED 520m +10% 23 Apr 2008
• Air Arabia no dividend?
• Tabreed forecast?
• Aramex - time to sell? 23 Apr 08
• Rumour: Deyaar to get new CEO soon? 23 Apr 08
• DIC 2007 FY profit AED 1.5bn +52% 29 Jan 2008
• 24 April 2008 ADSM DFM DIFX disclosures & news
• SOROUH 2008 Q1 profit AED 360m +217% 23 Apr 2008
• ALDAR 2008 Q1 profit AED 1.4bn +203% 23 Apr 2008
• ALDAR convertible sukuk & share capital increase - from 24 Oct 2007 on...
• Insider trades April 2008
• Tamweel to fund expansion with Dh864m syndicated bank facility 23 Apr 08
• 23 Apr 08
• DEPA opening price poll & listing date
• ADCB a good stock to watch out for...
• How do I post images or charts?

More UAE stock market news and discussions...

best stock rises symbol price change ARIG 3.48 +0.27 +8.4% NCTH 10.30 +0.70 +7.3% GLOBAL 13.80 +0.70 +5.3% MASQ 271.35 +12.90 +5% ASMAK 13.00 +0.55 +4.4%

worst stock falls symbol price change NMDC 12.05 -1.30 -9.7% GMPC 4.60 -0.44 -8.7% FOODCO 5.10 -0.48 -8.6% FBICO 4.27 -0.39 -8.4% ADSB 4.41 -0.29 -6.2%

top volume symbol value (AED) price ALDAR 935,409,769 11.80 DFM 335,277,050 5.93 TAMWEEL 161,960,824 8.08 EMAAR 143,879,854 11.80 SOROUH 107,599,089 9.79

Dubai Financial Market

The DFM index closed at 5,742 a rise of 0.61% from the previous close. 234 million shares were traded worth 1.2 billion dirhams. Nineteen shares advanced and seven declined.
The top traded share was DFM rising 2.06% to 5.93 dirhams on turnover of 57 million shares traded.

Other shares to rise included: Amlak Finance (AMLAK) 4.90 (1.03%), ARAMEX 2.63 (3.54%), GULFNAV 1.63 (1.24%) and Union Properties (UPP) 5.16 (0.19%).

Shares to fall included: Tamweel (TAMWEEL) 8.08 (1.82%), Dubai Islamic Bank (DIB) 9.45 (1.04%), AIRARABIA 1.97 (0.50%) and Tabreed (TABREED) 2.56 (0.38%).

Abu Dhabi Securities Market

The ADSM index closed at 5006 a fall of 0.18% from the previous close. 181 milion shares were traded worth 1.5 billion dirhams. Thirteen shares advanced and twenty five declined.
The top traded share was Aldar Properties (ALDAR) rising 3.06% to 11.80 dirhams on turnover of 79 million shares traded.

Other shares to rise included: ARKAN 4.68 (1.08%) and Etisalat (ETISALAT) 21.95 (0.46%).

Shares to fall included: Aabar Petroleum (AABAR) 3.33 (1.19%), Dana Gas (DANA) 2.08 (0.48%), First Gulf Bank (FGB) 22.60 (0.88%), RAK Properties (RAKPROP) 2.28 (3.06%) and Sorouh Real Estate (SOROUH) 9.79 (0.71%).

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.