UAE markets 24 Jun 2008

UAE market news & discussions for 24 June 2008 Another day of capitulation on UAE markets today. The DFM index was down more than one percent to close at 5,459 below the crucial 5,500 level. The value of shares traded was just over one billion dirhams. AJMANBANK continued its slide falling a further 14.83% to 2.87 dirhams on 80 million shares traded. The ADX index lost 0.77%, with the value of shares traded just over one billion dirhams. Methaq was the top traded share falling 0.96% to 6.09 dirhams. Agenda today and coming week Tuesday 24, June 2008 SHUAA shares ex-dividend Wednesday, 25 June 2008 SHUAA dividend record date (if approved at AGM) Thursday, 26 June 2008 NRE EGM (deferred from 28 May & 12 Jun 08 ) UAE stock news - links to latest news articles.

• Ajman Bank opening price
• ARTC Goldman Sachs rating Dh23+
• Marketwatch ADX DFM June 2008
• Damas IPO
• 24 Jun 2008 ADSM DFM DIFX disclosures & news
• M'sharie IPO
• DIB transparency
• Princess Resort Ajman cancelled
• ESCA disclosure awards
• DIC > M'Sharie 40% private sale - GN 24 Apr 08
• MAZAYA - Global valuation
• Which Stocks on DFM to Invest in?
• Why Methaq Shares UP
• DIC - A Good buy? - analysis
• DFM capitalization
• 23 Jun 2008 ADSM DFM DIFX disclosures & news
• TNI IPO
• Insider trades June 2008
• EIB capital increase?
• TAQA loan AED 11 bn
• Tameer - Al Firdous project (Umm Al Quwain)
• DIB Nakheel Tashyed
• Per Larsson to the ADX?
• Shuaa CEO interview
• IFA Nakheel Golden Mile auction

More UAE stock market news and discussions...

best stock rises symbol price change GRAND 3.22 +0.42 +15% IIG 4.32 +0.56 +14.9% NMDC 12.55 +1.05 +9.1% GULFA 2.52 +0.12 +5% DRIVE 8.15 +0.19 +2.4%

worst stock falls symbol price change AJMANBANK 2.87 -0.50 -14.8% OEIHC 3.51 -0.39 -10% AKIC 2.58 -0.24 -8.5% RAPCO 4.06 -0.33 -7.5% ASMAK 26.30 -1.65 -5.9%

top volume symbol value (AED) price METHAQ 272,138,633 6.19 AJMANBANK 245,181,052 2.87 ALDAR 192,582,110 13.05 EMAAR 179,523,295 10.95 DFM 127,466,202 5.12

Dubai Financial Market

The DFM index closed at 5,459 a fall of 1.14% from the previous close. 275 million shares traded worth 1.1 billion dirhams. Four shares advanced and twenty three declined.
AJMANBANK was the top traded share falling a further 14.83% to 2.87 dirhams on turnover of 80 million shares.

Other shares to fall included: AIRARABIA 1.85 (2.11%), DEYAAR 2.10 (2.77%), DFM 5.12 (4.11%), Emaar Properties (EMAAR) 10.95 (0.45%) and Tamweel (TAMWEEL) 7.73 (3.37%).

Emirates NBD (ENBD) up 0.42% to 11.90 was the only share to rise on significant volume.

Abu Dhabi Securities Market

The ADX index closed at 4,998 a fall of 0.77% from the previous close. 186 million shares traded worth 1 billion dirhams. Nine shares advanced and thirty two declined.
The top traded share was METHAQ falling 0.96% to 6.09 dirhams on turnover of 43 million shares.

Other shares to fall included: Abu Dhabi Islamic Bank (ADIB) 6.33 (0.16%), Union National Bank (UNB) 9.15 (1.61%), Aldar Properties (ALDAR) 12.55 (0.76%), Dana Gas (DANA) 1.98 (2.46%), ARKAN 6.01 (0.66%) and Etisalat (ETISALAT) 19.75 (0.75%).

Shares to rise included: First Gulf Bank (FGB) 26.35 (0.57%) and National Marine Dredging (NMDC) 12.55 (9.13%).

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