UAE markets 10 Jun 2008

UAE market news & discussions for 10 June 2008 UAE markets headed in opposite directions today. The DFM index declined by more than one percent lead by falls by EMAAR, TAMWEEL, AMLAK and DFM. The ADX index was up by more than one per cent lead by rises in energy stocks: AABAR up 1.64%, DANA up 0.48% and TAQA up over 4% on news of a convertible bond issue. A little over one billion dirham of shares traded on the DFM and 1.6 billion on the ADX. UAE Business News: Amlak Mazaya deal for Sky Gardens resolved - PR 10 June 2008 Sorouh Tameer contract signed for Tameer Towers Taqa to issue convertible bonds worth AED 4.15 billion. Primary offer to Taqa shareholders registered on 16 June 2008. UAE stock news - links to latest news articles. Agenda this week Tuesday, 10 June 2008 AABAR Sukuk last day to submit Voluntary Early Redemption Notice (before 14:00 GMT) GPI rights issue / capital increase subscription period (unconfirmed)? QTEL rights issue subscription period SHUAA EGM - delist from KSE, & give GCC nationals same share ownership rights as UAE nationals UCC BOD meeting at 10 am Wednesday, 11 June 2008 GPI rights issue / capital increase subscription period (unconfirmed)? QTEL rights issue subscription period Thursday, 12 June 2008 GPI rights issue / capital increase subscription period (unconfirmed)? GRAND AGM & EGM 25% share & 10% cash dividend proposed? Disclosure unclear NRE EGM (deferred from 28 May 2008) QTEL rights issue subscription period TAQA last trading day for convertible bond subscription eligibility

• Marketwatch ADX DFM June 2008
• 10 Jun 2008 ADSM DFM DIFX disclosures & news
• TAQA convertible bond AED 4.15 bn
• AMLAK MAZAYA Sky Garden dispute
• Insider trades June 2008
• DFM capitalization
• DIC - A Good buy? - analysis
• Burj Dubai fountain
• SOROUH Tameer contract
• Subscribing to IPOs in GCC
• Depa employee stock options
• Sharjah Islamic Financial Services (SIFS)
• Investing in Small & Midcaps
• Amlak Jordan Inwan IPO 10x oversubscribed
• ADNIC foreign ownership
• NBAD loan AED 700m for Das Real Estate
• 09 Jun 2008 ADSM DFM DIFX disclosures & news
• DEPA report ING Bank
• ALDAR share capital - bond conversion
• 06-08 Jun 2008 ADSM DFM DIFX disclosures & news
• Mithaq foreign ownership?
• AKIC foreign ownership
• TABREED Masdar carbon credits
• Forum and website modifications and new features log
• Aldar dirham Sukuk

More UAE stock market news and discussions...

best stock rises symbol price change NBQ 6.53 +0.59 +9.9% UNION 4.01 +0.36 +9.9% TAQA 4.02 +0.17 +4.4% GMPC 3.65 +0.14 +4% QCEM 3.16 +0.10 +3.3%

worst stock falls symbol price change WARE 17.45 -3.05 -14.9% AKIC 3.09 -0.12 -3.7% ALFIRDOUS 2.60 -0.10 -3.7% RAPCO 5.08 -0.19 -3.6% ARTC 16.25 -0.55 -3.3%

top volume symbol value (AED) price TAQA 376,926,278 4.02 AABAR 257,941,227 3.71 DIC 251,924,053 4.29 EMAAR 193,098,632 11.40 DFM 179,667,488 5.69

Dubai Financial Market

The DFM index closed at 5,726 a 1.18% fall from the previous close. 255 million shares were traded worth 1.15 billion dirhams. Four shares advanced and eighteen declined.
The top traded share continues to be Dubai Investments (DIC), rising 0.46% to 4.29 dirhams on volume of 59 million shares.

Shares to fall included: AIRARABIA 1.95 (0.51%), DFM 5.69 (1.04%), Amlak Finance (AMLAK) 4.96 (1.39%), Emaar Properties (EMAAR) 11.40 (1.72%) and Tamweel (TAMWEEL) 8.26 (2.13%).

GULFNAV closed unchanged at 1.80.

Abu Dhabi Securities Market

The ADX index closed at 5,125 a 1.09% rise from the previous close. 407 million shares were traded worth 1.6 billion dirhams. Twenty two shares advanced and eighteen declined.
The top traded share was Abu Dhabi National Energy (TAQA) rising 4.24% to 4.02 dirhams on turnover of 93 million shares.

Other shares to rise included: First Gulf Bank (FGB) 26 0.45 (0.76%), Aabar Petroleum (AABAR) 3.71 (1.64%), Dana Gas (DANA) 2.09 (0.48%), ARKAN 6.24 (0.32%), RAK Cement (RAKCC) 3.77 (0.27%) and Etisalat (ETISALAT) 20.80 (0.48%).

Shares to fall included: Commercial Bank International (CBI) 2.73 (1.09%), WAHA 2.68 (0.74%) and Sorouh Real Estate (SOROUH) 9.61 (0.52%).

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