UAE markets 08 May 2008

UAE market news & discussions for 08 May 2008 UAE markets went in opposite directions today with the DFM index closing half a percent down and the ADX closing just over half percent up. Volume was steady with one billion dirhams worth of shares trading on the DFM and 814 million trading on the ADX. On the DFM trading was once again dominated by GULFNAV falling 0.54% to close at 1.83 dirhams. On the ADX the top traded share was ARKAN rising 0.38% to close at 5.23 dirhams. DIFX DPW closed down 2.91% at $1.00 on volume of 5.8 million shares traded DEPA closed unchanged at $1.47 on volume of 1.2 million shares traded. Company news and results AFNIC 2008 Q1 profit AED 13m +106% 07 May 2008 ALLIANCE 2008 Q1 profit AED 18m +17% 07 May 2008 AMAN 2008 Q1 profit AED 6m +34% 07 May 2008 SHOP 2008 Q1 profit AED 93m +518% 08 May 2008 DRC Today, 08/05/2008 is the Ex-dividend date for Dubai Refreshments Company distributions & trading resumes with the adjusted price AABAR record date 10% cash dividend DIC rights issue phase II last day of subscription (extended period) DIC - M'Sharie 40% private placement takes place Upcoming events Saturday 10 May 2008 ADCB payment date 10% cash dividend ADNH payment date 20% cash dividend FOODCO cash dividend payment date Sunday 11 May 2008 AIRARABIA BOD meeting to discuss 08Q1 results DANA share price conversion starts Further information see Sharewadi Calendar.

• Marketwatch DFM May 2008
• SHOP 2008 Q1 profit AED 93m +518% 08 May 2008
• AMAN 2008 Q1 profit AED 6m +34% 07 May 2008
• 08 May 2008 ADSM DFM DIFX disclosures & news
• Air Arabia 2008 Q1 profits tripled? Release date 11 May 08?
• 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
• 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

More UAE stock market news and discussions...

best stock rises symbol price change UFC 5.50 +2.20 +66.7% IFA 8.33 +1.08 +14.9% ARIG 3.49 +0.33 +10.4% ASMAK 20.10 +1.80 +9.8% TKFL 8.60 +0.77 +9.8%

worst stock falls symbol price change DRIVE 7.98 -0.67 -7.7% NMDC 7.94 -0.56 -6.6% FOODCO 4.56 -0.22 -4.6% NCC 11.00 -0.50 -4.3% RAPCO 5.73 -0.20 -3.4%

top volume symbol value (AED) price ARKAN 227,382,934 5.23 GULFNAV 207,011,322 1.83 EMAAR 167,368,739 11.85 AMLAK 153,709,652 4.97 DFM 131,893,605 6.08

Dubai Financial Market

The DFM index closed at 5,829 a fall of 0.51% from the previous close. 304 million shares were traded worth 1.1 billion dirhams. Nine shares advanced and fourteen declined.
The top traded share was GULFNAV falling 0.54% to 1.83 dirhams on turnover of 112 million shares.

Other shares to fall included: Dubai Islamic Bank (DIB) 9.20 (1.70%), DFM 6.08 (0.81%), DEYAAR 2.32 (2.10%) and Amlak Finance (AMLAK) 4.97 (0.20%). Emaar Properties (EMAAR) 11.85 and AIRARABIA 2.05 closed unchanged.

Shares to rise included: Arabtec (ARTC) 16.05 (0.31%), AMAN 36.95 (1.23%), Shuaa Capital (SHUAA) 8.19 (1.73%) and Tabreed (TABREED) 2.60 (0.38%).

Abu Dhabi Securities Market

The ADX index closed at 5.034 a rise of 0.64% from the previous close. 152 million shares were traded worth 814 million dirhams. Twenty four shares advanced and twelve declined.
The top traded share was ARKAN rising 0.38% to 5.23 dirhams on turnover of 43 million shares.

Other shares to rise included: Aabar Petroleum (AABAR) 3.53 (0.57%), Aldar Properties (ALDAR) 11.75 (0.43%), Etisalat (ETISALAT) 21.65 (1.41%) and Sorouh Real Estate (SOROUH) 9.53 (1.38%).

Shares to fall included: Abu Dhabi Islamic Bank (ADIB) 6.51 (0.31%), RAK Properties (RAKPROP) 2.22 (0.89%) and Abu Dhabi Commercial Bank (ADCB) 5.79 (0.34%)

Dana Gas (DANA) and WAHA both finished unchanged.

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