UAE markets 03 Jun 2008

UAE market news & discussions for 03 June 2008 A mixed day on UAE markets today with the ADX ending 0.40% up and the DFM index closing 0.38% lower. RAKCC continues to dominate trade rising a further 4.46% to 3.75 dirhams on huge turnover of 284 million shares. On the DFM, AIRARABIA was the top traded share falling 0.99% to 1.99 dirhams. Agenda for this week Tuesday, 03 June 2008 AMAN share trading suspended for stock split ASNIC rights issue subscription period. GPI rights issue / capital increase subscription period (unconfirmed). Wednesday, 04 June 2008 AMAN record date for 10:1 stock split ASNIC rights issue subscription period. GPI rights issue / capital increase subscription period (unconfirmed). PALTEL BOD meeting, agenda includes 08Q1 statements, developments in Gaza Strip, and Paltel subsidiaries Thursday, 05 June 2008 Al Salam Bank Sudan listing date DFM ASNIC rights issue end date of subscription period CBI AGM (agenda not supplied - ADX note) GPI rights issue / capital increase subscription period (unconfirmed).

• Marketwatch ADX DFM June 2008
• DP World completes Chennai purchase
• Aabar name change
• DPW annual general meeting
• AMAN EGM foreign ownership & share split
• 03 Jun 2008 ADSM DFM DIFX disclosures & news
• AMLAK MAZAYA Sky Garden dispute
• DIC - A Good buy? - analysis
• Insider trades June 2008
• Drake & Scull IPO June 2008
• 02 Jun 2008 ADSM DFM DIFX disclosures & news
• Drake & Scull IPO
• TAQA convertible bond AED 4.15 bn
• DANA Hamriya pipeline complete
• DANA Hamriya pipeline complete
• Tamweel dividend cheques?
• 30 May - 01 Jun 2008 ADSM DFM DIFX disclosures & news
• TABREED 2008 Q1 profit AED 10m -53% 01 Jun 2008
• Tamweel Properties
• Amar Holding Company
• Emaar MGF Boulder Hills
• EMAAR shares - time to buy?
• IFA Nakheel 2nd JV - 12 May 08
• DIFX minimum broker commission
• Emaar MGF IPO again

More UAE stock market news and discussions...

best stock rises symbol price change WARE 19.10 +2.45 +14.7% BILDCO 4.00 +0.20 +5.3% RAKCC 3.75 +0.16 +4.5% RAPCO 5.16 +0.22 +4.5% CBI 2.89 +0.11 +4%

worst stock falls symbol price change DRIVE 8.22 -0.63 -7.1% ARIG 3.19 -0.21 -6.2% DRC 15.50 -0.75 -4.6% ADAVIATION 5.81 -0.27 -4.4% AEIBANK 950.00 -40.00 -4%

top volume symbol value (AED) price RAKCC 1,066,945,021 3.75 EMAAR 196,809,931 11.70 ARKAN 189,295,314 6.18 AMLAK 170,013,928 5.09 DIC 162,122,531 3.90

Dubai Financial Market

The DFM closed at 5,790 a fall of 0.38% from the previoous close. 336 million shares were traded worth 1.4 billion dirhams. Five shares advanced and twenty declined.
The top traded share was AIRARABIA falling 0.99% to 1.99 dirhams on turnover of 48 million shares.

Other shares to fall included: Amlak Finance (AMLAK) 5.09 (1.16%), GULFNAV 1.85 (2.11%), ARAMEX 2.73 (0.36%), Du Telecom (DU) 3.90 (1.10%) and Tamweel (TAMWEEL) 8.49 (0.11%).

Shares to rise included: Arabtec (ARTC) 16.60 (0.91%), Du Telecom (DU) 6.15 (2.67%) and Islamic Arab Insurance (IAIC) 3.48 (0.28%).

Abu Dhabi Securities Market

The ADX closed at 5,113 a rise of 0.40% from the previous close. 484 million shares were traded worth 1.9 billion dirhams. Twenty five shares advanced and seventeen declined.
The top traded share was RAK Cement (RAKCC) rising 4.46% to 3.75 dirhams on turnover of 284 million shares.

Other shares to rise included: Aabar Petroleum (AABAR) 3.46 (1.17%), Aldar Properties (ALDAR) 12.80 (0.79%), ARKAN 6.18 (0.16%), First Gulf Bank (FGB) 25.35 (1.20%) and Abu Dhabi National Energy (TAQA) 3.82 (1.60%).

Shares to fall included: Dana Gas (DANA) 2.09 (0.48%), METHAQ 4.10 (0.73%), RAK Properties (RAKPROP) 2.33 (0.43%) and RAK White Cement (RAKWCT) 2.77 (1.07%).

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