UAE markets 11 Jun 2008

UAE market news & discussions for 11 June 2008 The DFM index finished virtually unchanged and the ADX up 0.50% in UAE trading today. The DFM continues to limp along on low volume and directionless trade. The top traded share was DFM falling 1.58% to 5.60 dirhams on turnover of 33 million shares. On the ADX, energy stocks AABAR and DANA were up 3.50% and 0.48% on solid volumes. TAQA could not hold all the gains from yesterday falling 1.00%. Agenda this week 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 Friday, 13 June 2008 GPI rights issue / capital increase subscription period? QTEL rights issue subscription period UAE stock news - links to latest news articles.

• Marketwatch ADX DFM June 2008
• Insider trades June 2008
• TAQA convertible bond AED 4.15 bn
• ALDAR share capital - bond conversion
• SHUAA EGM - KSE delisting & foreign ownership
• SOROUH Tameer contract
• UCC BOD report
• 11 Jun 2008 ADSM DFM DIFX disclosures & news
• NBAD EFG research
• FGB - EFG research note
• DIB ex-VP arrested
• Tamweel Irad buy-to-let
• UAE cement companies - Global research
• Aramex - Global research
• Depa Jordan
• DIC - A Good buy? - analysis
• 10 Jun 2008 ADSM DFM DIFX disclosures & news
• AMLAK MAZAYA Sky Garden dispute
• DFM capitalization
• Burj Dubai fountain
• Subscribing to IPOs in GCC
• Depa employee stock options
• Sharjah Islamic Financial Services (SIFS)
• Investing in Small & Midcaps
• Amlak Jordan Inwan IPO 10x oversubscribed

More UAE stock market news and discussions...

best stock rises symbol price change NBQ 7.17 +0.64 +9.8% INVESTB 3.64 +0.20 +5.8% UNB 9.27 +0.33 +3.7% AABAR 3.84 +0.13 +3.5% FH 12.90 +0.40 +3.2%

worst stock falls symbol price change ADSB 5.25 -0.31 -5.6% EKTTITAB 3.31 -0.19 -5.4% AWNIC 6.70 -0.30 -4.3% AKIC 2.98 -0.11 -3.6% FOODCO 4.54 -0.12 -2.6%

top volume symbol value (AED) price AABAR 332,304,298 3.84 TAQA 332,171,707 3.98 OILC 193,347,649 2.72 DFM 189,240,375 5.60 EMAAR 139,490,845 11.35

Dubai Financial Market

The DFM index closed at 5,723 a fall of 0.06% from the previous close. 147 million shares were traded worth 768 million dirhams. Five shares advanced and twelve declined.
The top traded share was DFM, falling 1.58% to 5.60 dirhams on turnover of 33 million shares.

Other shares to fall included: Dubai Investments (DIC) 4.22 (1.63%), Emaar Properties (EMAAR) 11.35 (0.43%) and Amlak Finance (AMLAK) 4.90 (1.20%).

Shares to rise included: Arabtec (ARTC) 16.30 (0.30%), Dubai Islamic Bank (DIB) 9.00 (0.33%), Emirates NBD (ENBD) 12.10 (2.10%) and GULFNAV 1.81 (0.55%).

Abu Dhabi Securities Market

The ADX index closed at 5,148 a rise of 0.44% from the previous close. 436 million shares were traded worth 1.7 billion dirhams. Twenty two shares advanced and twenty two shares declined.
The top traded share was Aabar Petroleum (AABAR) rising 3.50% to 3.84 dirhams on turnover of 86 million shares.

Other shares to rise included: WAHA 2.72 (1.49%), AGTHIA 2.84 (1.79%), First Gulf Bank (FGB) 26 0.85 (1.51%), Sorouh Real Estate (SOROUH) 9.62 (0.10%) and Dana Gas (DANA) 2.10 (0.48%).

Shares to fall included: Etisalat (ETISALAT) 20.70 (0.72%), RAK Properties (RAKPROP) 2.27 (0.44%), Abu Dhabi National Energy (TAQA) 3.98 (1.00%), ARKAN 6.23 (0.16%) and RAK Cement (RAKCC) 3.71 (1.59%).

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