UAE markets 05 May 2008

UAE market news & discussions for 05 May 2008 An unusual days trading on UAE markets today, with a strong start, huge trading volumes and then a finish barely in positive territory. On the DFM, GULFNAV closed 11.37% up on massive volume traded of 581 million shares as investors reacted to changes to the foreign ownership policy. ARTC was also up 2.89% in anticipation of good 2008 Q1 results: increase of 285% to Dh 230m over last year. Deyaar was also major winner closing 4.34% up on 144 million shares traded. On the ADSM, AABAR and ARKAN were both up by more than 4% on 81 and 136 million shares traded respectively. Company news and results ADCB bonus shares in shareholder accounts yesterday ALDAR hotels 40 more by 2015 - GN 05 May 08 ARTC 2008 Q1 profit AED 230m +285% 05 May 2008 DU 2008 Q1 results - a loss of AED -62m +71% 05 May 2008 NBS rights issue shares in shareholder accounts yesterday NIND 2008 Q1 profit AED 850m +3% 05 May 2008 QTEL rights issue record date (28 May 2008) and subscription period (08-19 June 2008) SICO 2008 Q1 profit AED 41m +172% 05 May 2008 For more information see Sharewadi Calendar.

• Marketwatch DFM May 2008
• ARTC 2008 Q1 profit AED 230m +285% 05 May 2008
• DU 2008 Q1 loss AED -62m +71% 05 May 2008
• NIND 2008 Q1 profit AED 850m +3% 05 May 2008
• Future Pipe IPO
• SICO 2008 Q1 profit AED 41m +172% 05 May 2008
• 05 May 2008 ADSM DFM DIFX disclosures & news
• QTEL rights issue 2008
• Gulf Navigation foreign ownership approved - 14 Apr 2008
• ALDAR hotels +40 by 2015 - GN 05 May 08
• GCEM 2008 Q1 profit AED 110m +22% 04 May 2008
• Insider trades May 2008
• aldar potential
• ASMAK share capital reduced 04 May 08
• AGTHIA name change
• OIC 2008 Q1 profit AED 110m +19% 04 May 2008
• Amlak showing extremely strong net money flow 03 May 08
• ARTC Dividend Cheque 01 May 08
• Ajman Bank listing date
• Ajman Bank listing date (2)
• Gulf Fanatir new tanker - 04 May 08
• 02 03 04 May 2008 ADSM DFM DIFX disclosures & news
• ABNIC 2008 Q1 profit AED 34m +13% 04 May 2008
• SCIDC 2008 Q1 profit AED 87m +17% 30 Apr 2008
• RAKCEC 2008 Q1 profit AED 53m +42% 30 Apr 2008

More UAE stock market news and discussions...

best stock rises symbol price change GULFNAV 1.86 +0.19 +11.4% FCI 7.13 +0.64 +9.9% NCTH 13.45 +1.20 +9.8% ASMAK 15.50 +1.25 +8.8% GFH 15.20 +1.00 +7%

worst stock falls symbol price change OEIHC 4.47 -0.33 -6.9% INVESTB 3.29 -0.19 -5.5% AKIC 3.32 -0.17 -4.9% GMPC 4.00 -0.18 -4.3% CBI 2.70 -0.10 -3.6%

top volume symbol value (AED) price GULFNAV 1,052,101,135 1.86 ARKAN 692,356,008 5.09 DEYAAR 340,669,892 2.40 AABAR 304,056,725 3.71 DANA 230,751,091 2.13

Dubai Financial Market

The DFM index closed at 5,487 a rise of 0.08% from the previous close. 950 million shares were traded worth 2.5 billion dirhams. Eleven shares advanced and eleven declined.
The top traded share was GULFNAV rising 11.37% to 1.86 dirhams on turnover of 581 milion shares.

Other shares to rise included: Arabtec (ARTC) 16.00 (2.89%), ARAMEX 2.62 (0.76%), DEYAAR 2.40 (4.34%), Dubai Investments (DIC) 4.05 (0.24%) and Emaar Properties (EMAAR) closed steady on 11.70.

Shares to fall included: AIRARABIA 2.04 (0.48%), Amlak Finance (AMLAK) 4.99 (1.57%), DFM 6.17 (0.48%), and Union Properties (UPP) 4.81 (2.03%).

Abu Dhabi Securities Market

The ADSM index closed at 5,054 a rise of 0.18% from the previous close. 434 million shares were traded worth 1.7 billion dirhams. Twenty three shares advanced and eighteen declined.
The top traded share was ARKAN rising 4.52 % to 5.09 dirhams on turnover of 136 million shares.

Other shares to rise included: Aabar Petroleum (AABAR) 3.71 (4.80%), Abu Dhabi Islamic Bank (ADIB) 6.49 (1.41%), Dana Gas (DANA) 2.13 (0.95%), RAK Properties (RAKPROP) 2.28 (0.44%) and Sorouh Real Estate (SOROUH) 9.58 (0.10%).

Shares to fall included: NBS 2.88 (1.37%), Etisalat (ETISALAT) 21.60 (0.46%) and Aldar Properties (ALDAR) 11.90 (0.42%).

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