UAE markets 17 Jun 2008

UAE market news & discussions for 17 June 2008 Both UAE markets fell from the open today. The ADX index closed half a percent lower on trading worth 1.8 billion dirhams. METHAQ was again the standout share rising a further 9.25% to 4.99 dirhams on turnover of 80 million shares. On the DFM, AIRARABIA was the top traded share falling 2.06% to 1.90 dirhams. The value of trading was just over one billion dirhams. Agenda this week Tuesday, 17 June 2008 FMI1 AGM at 8:00am (in Rifferswil, Switzerland) METHAQ BOD meeting at 4pm, no agenda supplied QTEL rights issue subscription period SHUAA AGM 45% cash dividend proposed SHUAA EGM - KSE delisting, & GCC nationals same share ownership as UAE. Postponed from 10 Jun 08 Wednesday, 18 June 2008 QTEL rights issue subscription period Thursday, 19 June 2008 DANA share price conversion cut-off QTEL rights issue subscription period ends UAE stock news - links to latest news articles

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best stock rises symbol price change TKFL 8.25 +0.72 +9.6% METHAQ 4.96 +0.42 +9.3% NGI 10.70 +0.50 +4.9% GFH 16.50 +0.70 +4.4% FH 14.95 +0.50 +3.5%

worst stock falls symbol price change ADSB 4.85 -0.50 -9.3% DIB 8.37 -0.40 -4.6% FOODCO 4.40 -0.20 -4.3% OEIHC 4.50 -0.20 -4.3% JULPHAR 2.50 -0.11 -4.2%

top volume symbol value (AED) price METHAQ 399,967,571 4.96 SOROUH 296,719,996 9.91 ARKAN 250,304,329 6.21 ALDAR 205,782,202 13.20 EMAAR 203,374,290 11.10

Dubai Financial Market

The DFM index closed at 5,560 a fall of 1.78% from the previous close. 261 million shares were traded worth 1.1 billion dirhams. Six shares advanced and twenty three declined.
The top traded share by volume was AIRARABIA falling 2.06% to 1.90 dirhams on turnover of 42 million shares.

Other shares to fall included: Amlak Finance (AMLAK) 4.77 (1.64%), Dubai Investments (DIC) 4.03 (1.94%), GULFNAV 1.77 (1.11%), DEYAAR 2.20 (1.34%), DFM 5.36 (3.42%) and Emaar Properties (EMAAR) 11.10 (0.89%).

Tabreed (TABREED) was the only gainer on significant volume rising 0.79% to 2.53.

Abu Dhabi Securities Market

The ADX index closed at 5,117 a fall of 0.53% from the previous close. 353 million shares were traded worth 1.8 billion dirhams. Eleven shares advanced and twenty eight declined.
The top traded share by volume was METHAQ rising 9.25% to 4.99 dirhams on turnover of 80 million shares.

Other shares to rise included: Abu Dhabi Commercial Bank (ADCB) 5.21 (2.36%), Abu Dhabi National Energy (TAQA) 3.51 (1.07%), ARKAN 6.05 (1.97%) and UNION 4.24 (0.24%).

Shares to fall included: First Gulf Bank (FGB) 26.55 (1.48%), Aldar Properties (ALDAR) 13.00 (0.75%), SIB 3.07 (1.60%), Sorouh Real Estate (SOROUH) 9.68 (0.20%), Dana Gas (DANA) 2.05 (2.36%) and RAK Cement (RAKCC) 3.64 (1.08%).

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