UAE markets 12 May 2008

UAE market news & discussions for 12 May 2008 Both UAE markets finished stronger today. The DFM index rose by one percent and the ADX index by half of one percent. The value of shares traded was one billion dirhams for both markets. The top traded share on the DFM was GULFNAV rising 1.11% to 1.82 dirhams on volume of 53 million shares. The top traded share on the ADX was AABAR rising 4.64% to 3.61 dirhams on 49 million shares traded. DIFX DPW closed at $1.01 a rise of 2.2% on volume of 19 million shares traded DEPA closed at $1.47 a rise of 1.38% on volume of 1.1 million shares Company news and results DIN 2008 Q1 report - profit AED 11m -7% 12 May 2008 - sw summary EMAAR 2008 Q1 results updated - financial statements released yesterday ETISALAT - MTN in Africa interests them - R 12 May 2008 DRC DFM: Announces the allocation of Dubai Refreshments Company 20% bonus shares into shareholders accounts as per the company register closing on 11/05/2008 GPI Reminder: AGM & EGM of Gulf Petroleum Investments are being held today, 12/05/2008. Upcoming events Tuesday 13 may 2008 ALMADINA AGM & EGM 40% cash & 15% share dividends proposed, and 100% capital increase? Disclosure not clear WARE AGM & EGM at 12:30pm, 10% share & 80% cash dividend proposed, 25% capital increase Additional information see Sharewadi Calendar

• My DPW order was split and I was charged commission twice
• EMAAR 2008 Q1 profit AED 1.7bn -4% 16 Apr 2008
• ADX to list ETFs by end of 2008
• Mubasher E-trade license - first from ESCA?
• Insider trades May 2008
• ETISALAT to buy MTN in Africa?
• Marketwatch DFM May 2008
• Is ADSM / ADX open Saturdays?
• Air Arabia 2008 Q1 profit +81% to AED 78m
• 12 May 2008 ADSM DFM DIFX disclosures & news
• Methaq fair price?
• TAMWEEL founder lock up period expires
• DIFX minimum broker commission
• Internaxx or etrade?
• Is this time to sell TAMWEEL and DIC
• My Trading principles
• DIC rights issue phase 2
• DFM net foreign investment AED 386m last week
• Air Arabia 2008 Q1 profit +81% to AED 78m - press release
• Al Khazna buys Sanad stake
• 09-11 May 2008 ADSM DFM DIFX disclosures & news
• Mithaq listing date
• Marketwatch ADSM May 2008
• Methaq IPO prospectus
• Mithaq foreign ownership?

More UAE stock market news and discussions...

best stock rises symbol price change ASMAK 23.80 +2.05 +9.4% NMDC 9.23 +0.78 +9.2% UNION 3.85 +0.29 +8.1% ADSB 5.14 +0.33 +6.9% IAIC 3.66 +0.23 +6.7%

worst stock falls symbol price change FCI 5.85 -0.65 -10% NBQ 4.64 -0.41 -8.1% TKFL 8.00 -0.60 -7% GFH 14.20 -1.05 -6.9% ARIG 3.25 -0.23 -6.6%

top volume symbol value (AED) price ARKAN 254,733,927 5.29 AIRARABIA 219,074,648 2.03 IAIC 193,330,119 3.66 AABAR 177,981,796 3.61 SOROUH 153,932,926 9.73

Dubai Financial Market

The DFMGI was up 1% to 5799 and turnover was a reasonable AED 1.2 billion from volume of 340 million shares. Islamic Arab Insurance (IAIC) was the standout stock, almost at the top of the traded value table with AED 193m worth from 53 million shares, and a large 6.7% jump to 3.66. AIRARABIA saw the highest turnover of AED 220 m and a slight fall of 0.5% to 2.03 after 08 Q1 profits released yesterday failed to inspire the market.

Other gains of note for Aramex (ARMX) up 2.4%, Tabreed (TABREED) up 2.3%, and Union Properties (UPP) up 2.1%. Emaar Properties (EMAAR) rose 1.7% to 11.80 and the remaining gainers were up by less than 2%.

Apart from Air Arabia, GGICO was the only other stock out of the 6 losers falling on turnover greater than AED 1 million - shares were down by just 0.5%.

Abu Dhabi Securities Market

The ADX index was up 0.41% to 5027 points with turnover of AED 1.15 billion from 228 million shares traded. METHAQ topped the charts in its 2nd day on the floor with 10% limit up trading at 2.68 and no sellers in the queue. National Marine Dredging (NMDC) also stood out with a 9.2% gain to 9.29 from heavier than usual trading and an offer queue also devoid of sellers.

Aabar Petroleum (AABAR) was in the spotlight with a solid 4.6% jump to 3.67 and hefty turnover of AED 178 million, but it was ARAKAN that was at the head of the traded value table with AED 240 million of turnover and a 1.3% gain to 5.31.

Other gains of note for AKIC up 4.1% to 3.49, Abu Dhabi National Energy (TAQA) up 4% to 3.66, Sorouh Real Estate (SOROUH) up 12.9%, Oasis Leasing (OILC) up 1.7% RAK Cement (RAKCC) up 1.5% and the remainder up less than 1.5% or on turnover of less than AED 1 million. Etisalat (ETISALAT) closed flat at 21.40.

Only 3 losers fell on more than AED 1 million of turnover. Finance House (FH) was down 2% to 12.20, and Abu Dhabi Commercial Bank (ADCB) and Commercial Bank International (CBI) fell less than 1% each. The other 10 losers fell on thin trading.

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