UAE markets 11 May 2008

UAE market news & discussions for 11 May 2008 Both UAE market indicies closed lower today. The DFM index closed down over 1.5 percent and the ADX index was lower by just over half of one percent. The value of shares traded was a litttle over one billion dirhams for the DFM and just over half a billion dirhams for the ADX. The top traded share on the DFM was GULFNAV falling 1.63% to 1.80 dirhams on volume of 74 million shares. The top traded share on the ADX was ARKAN falling 0.19% to 5.22 dirhams on volume of 19 million shares. METHAQ listed on the ADX, finishing limit up on 2.44 dirhams after the first 200 shares were sold at 10 dirhams. Six million shares were traded on the day. Company News and results: AKIC buys Sanad stake worth 15% - PR 11 May 2008 DFM net foreign investment AED 386m last week - PR 10 May 08 FCI 2008 Q1 report - profit AED 32m -21% 11 May 2008 UIC 2008 Q1 report - profit AED 4.7m -15% 11 May 2008 Tamweel Expiry of the lock on company founders' shares Air Arabia 2008 Q1 profit +81% to AED 78m Upcoming Events Monday 12 May 2008 CIB 08Q1 results due (PM) GPI BOD meeting GPI AGM & EGM proposed dividends 40% cash, 10% share (disclosure unclear) NBF BOD meeting at 5:00pm to review 08Q1 results TABREED convertible certificate AED 200m option expires Further information see Sharewadi Calendar

• Air Arabia 2008 Q1 profit +81% to AED 78m
• DFM net foreign investment AED 386m last week
• Air Arabia 2008 Q1 profit +81% to AED 78m
• Methaq fair price?
• My DPW order was split and I was charged commission twice
• Al Khazna buys Sanad stake
• 09-11 May 2008 ADSM DFM DIFX disclosures & news
• Mithaq listing date
• Insider trades May 2008
• Marketwatch DFM May 2008
• Marketwatch ADSM May 2008
• Methaq IPO prospectus
• Mithaq foreign ownership?
• Is ADSM / ADX open Saturdays?
• Introduce yourself here and read about other DST forumers...
• SALAM 2007 FY annual report
• Forum and website modifications and new features log
• ADCB buys RHB stake for AED 4.5 bn - 08 May 08
• 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
• ADSM new name ADX - 07 May 08
• AMLAK to buy Sky Gardens for AED 1.65 bn? 07 May 08
• Sky Gardens
• DEYAAR Ansal AED 18 bn deal cancelled 07 May 08

More UAE stock market news and discussions...

best stock rises symbol price change ASMAK 21.75 +1.65 +8.2% NMDC 8.45 +0.51 +6.4% ADAVIATION 5.98 +0.33 +5.8% NCC 11.40 +0.40 +3.6% UNION 3.56 +0.11 +3.2%

worst stock falls symbol price change OEIHC 4.79 -0.53 -10% RAPCO 5.29 -0.44 -7.7% ALFIRDOUS 2.25 -0.09 -3.8% IAIC 3.43 -0.11 -3.1% ARMX 2.53 -0.08 -3.1%

top volume symbol value (AED) price EMAAR 189,844,873 11.60 DFM 168,065,263 5.94 GULFNAV 134,696,651 1.80 ARKAN 99,484,991 5.22 AMLAK 92,213,082 4.87

Dubai Financial Market

the DFM index closed at 5,741 a fall of 1.52% from the previous close. 271 million shares were traded worth 1.1 billion dirhams. Three shares advanced and twenty one declined.
GULFNAV continues to be the top traded share falling 1.63% to 1.80 dirhams on turnover of 74 million shares.

Other shares to fall included: AIRARABIA 2.04 (0.48%), Emaar Properties (EMAAR) 11.60 (2.10%), DEYAAR 2.30 (0.86%), DFM 5.94 (2.30%) and Tamweel (TAMWEEL) 7.76 (3.00%).

GGICO 7.86, up 1.15% was the only stock to rise on significant volume.

Abu Dhabi Securities Market

the ADX index closed at 5006 a fall of 0.57% from the previous close. 125 million shares were traded worth 595 million dirhams. Twelve shares advanced and twenty four declined.
ARKAN was the top traded share falling 0.19% to 5.22 dirhams on turnover of 19 million shares.

Other shares to fall included:Aabar Petroleum (AABAR) 3.45 (2.27%), Dana Gas (DANA) 2.05 (0.97%), RAK Properties (RAKPROP) 2.19 (1.35%) and NBS 2.77 (1.42%).

Shares to rise included: ADAVIATION 5.98 (5.84%), Abu Dhabi Commercial Bank (ADCB) 5.80 (0.17%) and Sorouh Real Estate (SOROUH) 9.55 (0.21%).

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.