UAE markets 19 May 2008

UAE market news & discussions for 19 May 2008 The DFM index managed a small gain closing up 0.24% today. Volume continues to be weak with the value of shares traded just 611 million dirhams. The top traded share was AIRARABIA closing 0.51% higher at 1.97 dirhams with 28 million shares traded. The ADX index closed down 0.77%. However trading volume was high boosted by massive trading in ARKAN. 229 million shares were traded with the stock finishing 4.36% higher at 5.74 dirhams. Company News Aldar share capital increased to AED 2.47 billion from convertible sukuk Aman EGM date postponed to 25 May 2008 Amlak Jordan IPO - Jordinvest concludes IPO preparations for Inwan Investment PLC Etisalat's first credit rating by end of June Global Investment House London IPO priced at $18.75 per GDR TAQA Plans $1 Billion Coal-Fired Plant in UAE UAE Economy Ministry Plans Price Freeze on Essential Foods See the UAE stock news page for links to latest news articles. See the ADX DFM DIFX calendar for agenda items this week.

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best stock rises symbol price change JULPHAR 2.60 +0.17 +7% AGTHIA 2.44 +0.12 +5.2% ALFIRDOUS 2.61 +0.12 +4.8% NCC 10.35 +0.45 +4.5% FBICO 6.02 +0.26 +4.5%

worst stock falls symbol price change GRAND 3.23 -0.56 -14.8% SALAM 15.40 -2.60 -14.4% NBF 4.86 -0.54 -10% DRIVE 9.38 -0.92 -8.9% NCTH 12.35 -1.15 -8.5%

top volume symbol value (AED) price ARKAN 1,315,289,021 5.74 METHAQ 251,676,026 4.05 AGTHIA 148,219,325 2.44 DFM 118,411,317 5.73 DANA 118,279,177 2.09

Dubai Financial Market

The DFM index closed at 5,657 a rise of 0.24% from the previous close. 134 million shares were traded worth 611 million dirhams. Twelve shares advanced and eleven declined.
On a slow day the top traded share was AIRARABIA rising 0.51% to 1.97 dirhams on volume of 28 million shares.

Other shares to rise included: Arabtec (ARTC) 16.05 (0.62%), DFM 5.73 (1.05%), Dubai Islamic Bank (DIB) 9.21 (2.33%) and GULFNAV finished unchanged on 1.80 dhs.

Shares to fall included: DEYAAR 2.27 (0.43%), Tamweel (TAMWEEL) 7.62 (0.26%) and ARAMEX 2.54 (0.78%).

Abu Dhabi Securities Market

The ADX index closed at 4,965 a fall of 0.77% from the previous close. 556 million shares were traded worth 2.4 billion dirhams. Eighteen shares advanced and twenty eight declined.
ARKAN with a masive turnover of 229 million shares topped trading closing at 5.74 dirhams a rise of 4.36%.

Other shares to rise included: Dana Gas (DANA) 2.09 (0.97%), AGTHIA 2.44 (5.17%), METHAQ 4.05 (0.51%), RAK Properties (RAKPROP) 2.27 (1.34%) and RAK Cement (RAKCC) 2.20 (0.92%).

Shares to fall included: Sorouh Real Estate (SOROUH) 9.43 (1.46%), Etisalat (ETISALAT) 21.15 (0.70%), Aldar Properties (ALDAR) 11.60 (0.43%), Abu Dhabi Islamic Bank (ADIB) 6.45 (1.07%) and Abu Dhabi Commercial Bank (ADCB) 5.43 (4.23%).

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