UAE markets 07 May 2008

UAE market news & discussions for 07 May 2008 A quiet days traqding on both UAE markets today. A billion dirhams worth of shares were traded on the DFM and 731 milllion on the newly named ADX, formerly known as the ADSM. For the DFM, GULFNAV again topped grading rising 2.22% to 1.84 dirhams on turnover of 88 million shares. On the ADX (ADSM), ARKAN was the top traded share rising 1.76% to 5.21 dirhams on turnover of 40 million shares. DIFX DPW closed at $1.03 a fall of 1.90% on turnover of 3.5 million shares DEPA closed at $1.47 a rise of 0.68% on turnover of 912 thousand shares. Company news and results Air Arabia Q1 results date - BOD meeting on Sunday 11 May 2008 to discuss 2008 first quarter results AMLAK Sky Gardens purchase for AED 1.65 billion? - 07 May 2008 DEYAAR Ansal deal cancelled (deal worth AED 18 bn?) 07 May 08 Shuaa BOD meeting on Thursday 15 May 2008 - to discuss 07FY results? Disclosure not clear. Note Upcoming events Thursday 8 May 2008 AABAR record date 10% cash dividend ACICO AGM & EGM 5% share 55% cash dividend proposed? Disclosure unclear DIC rights issue phase II last day of subscription (extended period) DIC - M'Sharie 40% private placement takes place FCI BOD meeting, no agenda supplied |Further information see the Sharewadi Calendar.

• ADSM changes to ADX - EB 07 May 08
• AMLAK to buy Sky Gardens for AED 1.65 bn? 07 May 08
• Sky Gardens
• Insider trades May 2008
• Marketwatch DFM May 2008
• Air Arabia 2008 Q1 profits tripled? Release date 11 May 08?
• DEYAAR Ansal AED 18 bn deal cancelled 07 May 08
• Mithaq listing date
• 07 May 2008 ADSM DFM DIFX disclosures & news
• IAIC Salama report Morgan Stanley PR 06 May 08
• ALLIANCE 2007 FY profit AED 51m +53% 10 Feb 2008
• UAE cement companies cut prices R 05 May 08
• ADNH Saadiyat Resort - PR 06 May 08
• When do share dividends take effect?
• CBD 2008 Q1 profit AED 270m +22% 16 Apr 2008
• OEIHC 2008 Q1 profit AED 32m +254% 06 May 2008
• 06 May 2008 ADSM DFM DIFX disclosures & news
• Salam Bank 2008 Q1 profit AED 72m +44% 06 May 2008
• ARTC 2008 Q1 profit AED 230m +285% 05 May 2008
• Ajman Bank opening price
• 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

More UAE stock market news and discussions...

best stock rises symbol price change ASMAK 18.30 +1.60 +9.6% OEIHC 5.32 +0.40 +8.1% FOODCO 4.78 +0.32 +7.2% UNION 3.45 +0.23 +7.1% FBICO 4.51 +0.27 +6.4%

worst stock falls symbol price change FCI 6.42 -0.71 -10% NMDC 8.50 -0.86 -9.2% NCTH 12.80 -1.35 -9.5% GRAND 3.89 -0.26 -6.3% TKFL 7.83 -0.43 -5.2%

top volume symbol value (AED) price ARKAN 211,866,364 5.21 GULFNAV 161,155,549 1.84 DEYAAR 151,560,183 2.37 EMAAR 146,772,809 11.85 DFM 120,794,312 6.13

Dubai Financial Market

The DFM index closed at 5,859 a rise of 0.60% from the previous close. 273 million shares were traded worth 999 million dirhams. Sixteen shares advanced and six declined.
The top traded share again was Gulfnav rising 2.22% to 1.84 dirhams on turnover of 88 million shares.

Other shares to gain included: AIRARABIA 2.05 (0.98%), Amlak Finance (AMLAK) 4.98 (0.20%), DFM 6.13 (0.16%), Emaar Properties (EMAAR) 11.85 (1.28%) and DEYAAR closed unchanged at 2.37 dirhams.

Shares to fall included: Union Properties (UPP) 4.77 (0.41%), Tamweel (TAMWEEL) 7.96 (0.50%) and Arabtec (ARTC) 16.00 (0.62%).

Abu Dhabi Securities Market

The newly named ADX index closed at 5002 a fall of 0.74% from the previous close. 153 million shares were traded worth 731 million dirhams. Fifteen shares advanced and thirty one declined.
The top traded share was ARKAN rising 1.76% to 5.21 dirhams on turnover of 40 million shares. Sudan Telecom (SUDATEL) was the only other significant gainer rising 0.68% to 8.93 dirhams.

Shares to fall inlcuded: Aabar Petroleum (AABAR) 3.51 (3.84%), Abu Dhabi Commercial Bank (ADCB) 5.81 (0.68%), Dana Gas (DANA) 2.07 (1.90%), WAHA 2.42 (3.54) and Etisalat (ETISALAT) 21.35 (0.70%).

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