UAE markets 01 May 2008

UAE market news & discussions for 01 May 2008 Both UAE markets rose today with the DFM index rising by over one percent and the ADSM index rising by 3/4 of a percent. On the DFM, AIRARABIA continued to gain altitude rising 2.47% to 2.07 dirhams on turnover of 104 million shares. On the ADSM, AABAR was the top traded share rising 0.60% to 3.35 dirhams on turnover of 35 million shares. DIFX DPW fell 0.02% to $1.03 on turnover of 1.3 million shares DEPA rose 2.14% to $1.43 on turnover of 109 thousand shares. Future Pipe IPO cancelled due to trading conditions. Other stock news and results Arabtec revenue forecast for 2008 upped to AED 8 bn - AB 01 May 08 ASCANA 2008 Q1 profit AED 2.2m -35% 01 May 2008 DIC 2008 Q1 profit AED 490m +11% 01 May 2008 DRC AGM yesterday approved 20% share dividend. Record date not supplied. ENBD 2008 Q1 profit +37% to AED 1.2 bn - 30 Apr 2008 (or +108% - error in report?) MASQ 2008 Q1 profit +4.5% to AED 465m - 30 Apr 08 See the Sharewadi Calendar for further company information

• Marketwatch DFM May 2008
• Deyaar CEO in jail - 17 Apr 08
• 01 May 2008 ADSM DFM DIFX disclosures & news
• DIC 2008 Q1 profit AED 490m +11% - 01 May 2008
• ENBD 2008 Q1 profit AED 1.2bn +108% 30 Apr 2008
• Is it really possible to make a living as a day trader at DFM/ADSM?
• Future Pipe IPO cancelled - R 01 May 08
• Future Pipe IPO
• ARTC 2008 FY revenue up 40% - R 25 Mar 08
• TABREED convertible certificates - 13 Apr 08
• EK 2007 FY profit +62% to $1.37 bn - 30 Apr 2008
• Tamweel dividend cheques?
• Marketwatch ADSM May 2008
• Marketwatch ADSM April 2008
• Insider trades April 2008
• Marketwatch DFM April 2008
• ETISALAT cash dividends not paid?
• MASQ 2008 Q1 profit +4.5% to AED 465m - 30 Apr 08
• Emirates Takawul IPO?
• 30 April 2008 ADSM DFM DIFX disclosures & news
• Arabtec PE & PBV ratios
• aldar potential
• AABAR 2007 FY profit AED 290m +212% 30 Jan 2008
• TAQA 2008 Q1 profit AED 400m +525% 30 Apr 2008
• DNIR foreign ownership to 25%

More UAE stock market news and discussions...

best stock rises symbol price change ADSB 4.79 +0.43 +9.9% ADAVIATION 4.99 +0.44 +9.7% NBF 6.00 +0.50 +9.1% NCTH 11.20 +0.90 +8.7% FBICO 4.16 +0.31 +8.1%

worst stock falls symbol price change UNION 3.33 -0.37 -10% TKFL 7.00 -0.75 -9.7% ADNH 9.13 -0.88 -8.8% OEIHC 4.55 -0.20 -4.2% ASMAK 13.45 -0.55 -3.9%

top volume symbol value (AED) price DFM 290,509,320 6.12 ALDAR 244,615,651 11.90 AIRARABIA 214,529,790 2.07 DIB 160,413,105 9.45 SOROUH 141,352,457 9.60

Dubai Financial Market

the DFM index closed at 5,815 a rise of 1.36% from the previous close. 370 million shares were traded worth 1.5 billion dirhams. Twenty shares advanced and four declined.
The top traded share was AIRARABIA rising 2.47% to 2.07 dirhams on turnover of 104 million shares.

Other shares to rise included: Amlak Finance (AMLAK) 4.95 (3.12%), DEYAAR 2.32 (3.11%), DFM 6.12 (2.17%) and Union Properties (UPP) 4.83 (4.09%), Dubai Islamic Bank (DIB) 9.45 (0.63%), GULFNAV 1.67 (4.37%) and Emaar Properties (EMAAR) 11.65 (1.30%).

Shares to fall included: Shuaa Capital (SHUAA) 7.94 (0.12%), GGICO 7.72 (0.77%) and Arabtec (ARTC) 15.40 (0.64%).

Abu Dhabi Securities Market

The ADSM index closed at 5,024 a rise of 0.72% from the previous close. 162 million shares were traded worth 947 million dirhams. Thirty one shares advanced and sixteen declined.
The top traded share was Aabar Petroleum (AABAR) rising 0.60% to 3.35 dirhams on turnover of 35 million shares.

Other shares to rise included: Aldar Properties (ALDAR) 11.90 (1.71%), Dana Gas (DANA) 2.05 (0.99%), Etisalat (ETISALAT) 21.85 (0.69%) and First Gulf Bank (FGB) 23.05 (0.66%).

Shares to fall included: Sorouh Real Estate (SOROUH) 9.60 (0.41%) and Abu Dhabi Islamic Bank (ADIB) 6.41 (0.31%).

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