UAE markets 18 May 2008

UAE market news & discussions for 18 May 2008 Both UAE market indicies finished lower today. On the DFM the days trading was characterised by low volumes and significant falls in popular stocks such as EMAAR, DFM and AIRARABIA. On the ADX despite a stella day for all stocks in RAK and another limit up for METHAQ the index finished lower by 0.25%. Company news and results AMLAK reapplies for bank licence Arabtec Saadiyat AED 2bn contract from TDIC ESCA - new margin trading regulations SHUAA 2007 annual report - FY profit +53% to AED 395m 17 May 2008 See Sharewadi Calendar for further information

• Aldar potential
• MoU signed between Aldar and Arkan
• Air Arabia Best Airline award 2008
• UNB Al Samaha Islamic Fund
• Margin trading for UAE markets - EB 21 Apr 2008
• 16 17 18 May 2008 ADSM DFM DIFX disclosures & news
• EMAAR Bawadi - Asmaran project
• SHUAA 2007 FY profit +53% to AED 395m 17 May 2008
• ESCA - new margin trading regulations
• DIC - A Good buy? - analysis
• Sharewadi .......big THANK YOU from all of us
• Emaar Global Growth at WEF
• Arabtec TDIC Saadiyat AED 2bn contract
• EMAAR Dispute with Jadawal and/or New project Bawadi
• Aabar Petroleum dividend date?
• Aramex report TNI - 22 Jan 08
• GCEM TNI report update
• ARMX TNI report update
• TAQA report TNI says underpriced
• AMLAK reapplies for bank licence
• EMAAR Jadawal Saudi dispute update
• HSBC says buy Gulf stocks as emerging markets fade
• Marketwatch ADX DFM May 2008
• Ajman Bank listing date
• What's a PE?

More UAE stock market news and discussions...

best stock rises symbol price change METHAQ 3.90 +0.35 +9.9% JULPHAR 2.43 +0.19 +8.5% ASMAK 32.05 +2.45 +8.3% RAPCO 6.59 +0.49 +8% AGTHIA 2.32 +0.16 +7.4%

worst stock falls symbol price change NBF 5.40 -0.60 -10% UAB 6.61 -0.73 -9.9% GMPC 3.49 -0.32 -8.4% EIC 8.00 -0.55 -6.4% IAIC 3.42 -0.13 -3.7%

top volume symbol value (AED) price AGTHIA 274,801,485 2.32 DFM 203,509,264 5.67 OILC 141,700,463 2.49 DANA 102,847,391 2.07 BOS 96,138,765 3.05

Dubai Financial Market

The DFM index closed at 5,643 today a fall of 0.74% from the previous close. 159 million shares were traded worth 642 million dirhams. Seven shares advanced and thirteen declined.
The top traded share was DFM falling 0.87% to 5.67 dirhams on volume of 35 million shares.

Other shares to fall included: Emaar Properties (EMAAR) 11.40 (1.29%), DEYAAR 2.28 (0.43%), AIRARABIA 1.96 (1.01%) and Dubai Islamic Bank (DIB) 9.00 (0.44%).

Shares to rise included: Amlak Finance (AMLAK) 4.81 (0.20%), GULFNAV 1.80 (0.55%) and Tamweel (TAMWEEL) 7.64 (0.13%).

Abu Dhabi Securities Market

The ADX index closed at 5,004 today a fall of 0.25% from the previous close. 418 million shares were traded worth 1.3 billion dirhams. Twney six shares advanced and twenty two declined.
The top traded share was AGTHIA rising 7.41% to 2.32 dirhams on volume of 118 million shares.

Other shares to rise included: Aabar Petroleum (AABAR) 3.55 (0.57%), Dana Gas (DANA) 2.07 (1.97%), ARKAN 5.50 (0.92%), RAK Cement (RAKCC) 2.24 (2.75%), RAK Properties (RAKPROP) 2.24 (2.75%) and METHAQ 3.90 (9.86% limit up).

It was a day for RAK shares with RAK Poultry up 8%, RAK White Cement up 4.25% and RAK Ceramics up 7%.

Shares to fall included: Abu Dhabi Commercial Bank (ADCB) 5.67 (0.35%), Aldar Properties (ALDAR) 11.65 (0.43%) and Bank Of Sharjah (BOS) 3.05 (0.33%).

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