UAE markets 20 May 2008

UAE market news & discussions for 20 May 2008 Both UAE markets closed down today. The DFM continues its range bound trading closing 0.12% down with less than one billion worth of shares being traded. GULFNAV was the most traded by volume closing unchanged at 1.80 dirhams. ARKAN continues to dominate trading on the ADX. Despite being up earlier it closed down 1.39% at 5.66 dirhams on massive volume of 280 million shares traded. This helped push the value of shares traded to over 2.5 billion dirhams. Company News Al Qudra replaces chairman Qasimis most influential family on ADX-listed firms' boards Bayan Investment Has First-Quarter Loss of 3.2 Million Dinars Etisalat raises stake in Atlantique Telecom Shuaa Has Six Investment-Banking Mandates, Chief Says See the UAE stock news page for links to latest news articles. See the ADX DFM DIFX calendar for agenda items this week.

• Methaq fair price?
• Insider trades May 2008
• Marketwatch ADX DFM May 2008
• AIRARABIA 2008 revenue forecast +17% to Dh1.5bn
• 20 May 2008 ADSM DFM DIFX disclosures & news
• DIC - A Good buy? - analysis
• Forum and website modifications and new features log
• Aldar potential
• DIC report from TAIB
• RAKWCT 2008 Q1 profit AED 53m +55% 27 Apr 2008
• mubasher.info Fair Values for some companies
• Steel and Iron Ore
• ALDAR convertible sukuk & share capital increase - from 24 Oct 2007 on...
• RAK Poultry denies knowning why share price up
• AGTHIA denies knowing why share price up
• ADIB Algeria expansion
• AMAN EGM foreign ownership & share split
• 19 May 2008 ADSM DFM DIFX disclosures & news
• ARKAN ALDAR agreement
• Margin trading for UAE markets - EB 21 Apr 2008
• Air Arabia Best Airline award 2008
• Air Arabia report Shuaa - 08Q1 results
• My Trading principles
• ARKAN report TNI - 30 Apr 08
• SOROUH buys LLJ Property stake

More UAE stock market news and discussions...

best stock rises symbol price change SALAM 17.70 +2.30 +14.9% NCTH 13.55 +1.20 +9.7% EIC 8.73 +0.73 +9.1% GMPC 3.89 +0.29 +8.1% NMDC 9.68 +0.70 +7.8%

worst stock falls symbol price change RAPCO 5.97 -0.62 -9.4% FOODCO 5.01 -0.51 -9.2% FBICO 5.56 -0.46 -7.6% RAKCEC 4.03 -0.29 -6.7% METHAQ 3.80 -0.25 -6.2%

top volume symbol value (AED) price ARKAN 1,587,138,261 5.66 DIB 161,486,501 8.98 EMAAR 155,834,800 11.45 DFM 139,994,284 5.73 METHAQ 136,856,647 3.80

Dubai Financial Market

The DFM index closed at 5,650 a fall of 0.12% from the previous close. 192 million shares were traded worth 869 million dirhams. Eleven shares advanced and fourteen declined.
The top traded share was GULFNAV closing unchanged at 1.80 dirhams on volume of 45 million shares.

Shares to rise included: AIRARABIA 1.98 (0.50%), Emaar Properties (EMAAR) 11.45 (0.43%) and Union Properties (UPP) 4.71 (0.64%).

Shares to fall included: Amlak Finance (AMLAK) 4.78 (0.62%), DEYAAR 2.25 (0.88%), Dubai Islamic Bank (DIB) 8.98 (2.49%) and Tamweel (TAMWEEL) 7.53 (1.18%).

Abu Dhabi Securities Market

The ADX index closed at 4,936 a fall of 0.59% from the previous close. 558 million shares were traded worth 2.6 billion dirhams. Sixteen shares advanced and thirty one declined.
ARKAN topped trading again falling 1.39% to 5.66 dirhams on volume of 280 million shares.

Other shares to fall included: Aldar Properties (ALDAR) 11.40 (1.72%), Dana Gas (DANA) 2.04 (2.39%), AGTHIA 2.38 (2.46%), METHAQ 3.80 (6.17%) and WAHA 2.46 (1.20%).

Shares to rise included: Abu Dhabi Islamic Bank (ADIB) 6.48 (0.47%), RAK White Cement (RAKWCT) 2.20 (1.38%), RAK Cement (RAKCC) 2.30 (4.55%) and NBS 2.88 (3.23%).

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