UAE markets 27 Apr 2008

UAE market news & discussions for 27 April 2008 A relatively quiet days trading on UAE markets today with both indicies closing higher by less than one percent. Volume on the DFM was increased by trading in DFM itself with 104 million shares changing hands. ARTC closed 1.27% higher at 15.85 dirhams after releasing details of a $2.7 billion contract it has won in Russia. The modest gain in share price could reflect it already being priced in or the risks of doing business in Russia. The stand out share on ADSM was ADNH rising 8.64% with no sellers available. Other stock news and results ADIB 2008 Q1 profit AED 240m +47% 27 Apr 2008 AGTHIA 2008 Q1 profit AED 18m +104% 24 Apr 2008 AWNIC 2008 Q1 profit AED 15m +61% 27 Apr 2008 BILDCO 2008 Q1 profit AED 16m +13% 24 Apr 2008 BOS 2008 Q1 profit AED 88m +38% 26 Apr 2008 NBAD 2008 Q1 profit AED 880m +46% 27 Apr 2008 beats forecasts of AED 661m -699m RAKWCT 2008 Q1 profit AED 53m +55% 27 Apr 2008 Upcoming events Monday, 28 April 2008 AABAR AGM at 5:00pm - 10% cash dividend proposed - postponed from 21 Apr 2008 DIC rights issue phase II subscription period See the Sharewadi Calendar for more AGM and dividend dates.

• Emirates Airlines IPO
• NBAD 2008 Q1 profit AED 880m +46% 27 Apr 2008
• Marketwatch DFM April 2008
• AWNIC 2008 Q1 profit AED 15m +61% 27 Apr 2008
• Emirates IPO report commissioned - DM 25 Apr 08
• London Road Show
• DIFX market depth & volume
• AMAN EGM foreign ownership & share split
• AGTHIA 2007 FY profit AED 38m +31% 29 Jan 2008
• 25-27 April 2008 ADSM DFM DIFX disclosures & news
• BOS 2008 Q1 profit AED 88m +38% 26 Apr 2008
• DPW have taken off...
• RAKWCT 2008 Q1 profit AED 53m +55% 27 Apr 2008
• Air Arabia 2008 Q1 profits tripled? Release date 11-15 May 08?
• ADIB 2008 Q1 profit AED 240m +47% 27 Apr 2008
• AGTHIA 2008 Q1 profit AED 18m +104% 24 Apr 2008
• DP World Jebel Ali Port expansion & profit growth - KT 26 Apr 08
• AMLAK & SOROUH dividend cheques?
• ARTC Gazprom contract AED 9.9 bn - 26 Apr 08
• Aramex bonus shares?
• stocks to watch out for this week: amlak, dfm
• DFM net foreign investment AED 779m last week - PR 26 Apr 08
• Shares for day trading? 23 Apr 08
• Rumour: Deyaar to get new CEO soon? 23 Apr 08
• ALDAR S&P rating A-/A-2 - TF 25 Apr 08

More UAE stock market news and discussions...

best stock rises symbol price change ADNH 13.20 +1.05 +8.6% NMDC 13.05 +1.00 +8.3% ADAVIATION 4.99 +0.26 +5.5% ASMAK 13.70 +0.70 +5.4% AMAN 31.50 +1.50 +5%

worst stock falls symbol price change GLOBAL 11.75 -2.05 -14.9% ARIG 3.16 -0.32 -9.2% DRIVE 7.43 -0.56 -7% GULFA 2.13 -0.11 -4.9% FOODCO 4.89 -0.21 -4.1%

top volume symbol value (AED) price DFM 632,869,185 6.09 ALDAR 314,907,529 11.95 EMAAR 303,447,086 11.90 AMLAK 126,845,650 4.93 ARTC 124,810,840 15.85

Dubai Financial Market

The DFM index closed at 5,785 an increase of 0.76% from the previous close. 323 million shares were traded worth 1.8 billion dirhams. Sixteen shares advanced and eleven declined.
The top traded share was DFM rising 2.69% to 6.09 dirhams with 104 million shares traded.

Other shares to rise included: AIRARABIA 1.99 (1.01%), Amlak Finance (AMLAK) 4.93 (0.61%), Arabtec (ARTC) 15.85 (1.27%) and Emaar Properties (EMAAR) 11.90 (0.84%).

Shares to fall included: ARAMEX 2.61 (0.76%), GULFNAV 1.61 (1.22%) and Shuaa Capital (SHUAA) 8.22 (0.36%).

Abu Dhabi Securities Market

The ADSM index closed at 5,018 an increase of 0.24% from the previous close. 129 million shares were traded worth 851 million dirhams. Nineteen shares advanced and sixteen declined.
The top traded share was Aldar Properties (ALDAR) rising 1.27% to 11.95 dirhams with 26 million shares traded.

Other shares to rise included: ADNH 13.20 (8.64%) with no sellers in sight, WAHA 2.37 (2.16%), RAK Properties (RAKPROP) 2.29 (0.44%)

Shares to fall included: Abu Dhabi Commercial Bank (ADCB) 7.05 (0.56%), ARKAN 4.67 (0.21%) and Sorouh Real Estate (SOROUH) 9.77 (0.20%).

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