UAE markets 25 Jun 2008

UAE market news & discussions for 25 June 2008 Both markets in the UAE closed lower today. The DFM index was down 0.09% on low volumes. AJMANBANK topped trading losing another 9.05% to 2.61 dirhams with 74 million shares traded. The ADX was down 0.77% with METHAQ topping trading closing 1.78% higher at 6.36 dirhams on 77 million shares traded. Summer trading patterns of low volume and directionless trade seem to be appearing. Agenda today and coming week 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- Undervalued Stocks
• Fly Dubai Fly Emirates Fly cheaper......
• EMAAR shares - time to buy?
• ARTC Goldman Sachs rating Dh23+
• US IPO's coming this week
• Ajman Bank opening price
• DIC - A Good buy? - analysis
• Marketwatch ADX DFM June 2008
• Why Methaq Shares UP
• ALDAR share capital - bond conversion
• 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?
• DFM capitalization
• 23 Jun 2008 ADSM DFM DIFX disclosures & news
• TNI IPO
• Insider trades June 2008
• EIB capital increase?
• TAQA loan AED 11 bn

More UAE stock market news and discussions...

best stock rises symbol price change GRAND 3.55 +0.33 +10.2% NCC 9.80 +0.45 +4.8% ASMAK 27.85 +1.20 +4.5% CBI 2.75 +0.11 +4.2% NCTH 13.00 +0.50 +4%

worst stock falls symbol price change AJMANBANK 2.61 0.26 11.1% ALSALAMSUDAN 6.00 0.40 7.1% JEEMA 5.42 0.28 5.4% ADAVIATION 4.74 0.24 5.3% ALDAR 12.65 0.45 3.7%

top volume symbol value (AED) price DIC 272,574,079 3.83 METHAQ 259,832,613 6.24 AJMANBANK 197,461,220 2.61 ALDAR 99,482,889 12.65 EMAAR 89,669,608 10.95

Dubai Financial Market

The DFM index closed at 5,454 a fall of 0.09% from the previous close. 250 million shares were traded worth 937 million dirhams. Ten shares advanced and sixteen declined.
AJMANBANK topped trading falling 9.05% to 2.61 dirhams on turnover of 74 million shares.

Other shares to fall included: AIRARABIA 1.84 (0.54%), Dubai Investments (DIC) 3.83 (1.79%) and GULFNAV 1.65 (2.36%).

Shares to rise included: Amlak Finance (AMLAK) 4.55 (0.88%), DFM 5.20 (1.56%), Dubai Islamic Bank (DIB) 8.14 (0.36%) and Tamweel (TAMWEEL) 7.77 (0.51%).

Abu Dhabi Securities Market

The ADX index closed at 4,960 a fall of 0.77% from the previous close. 174 million sahres were traded worth one billion dirhams. Eleven sahres advanced and twenty three declined.
The top traded share by volume was METHAQ rising 1.78% to 6.36 dirhams on turnover of 77 million shares.

Other shares to rise included: ARKAN 6.01 (0.33%), National Marine Dredging (NMDC) 13.00 (2.79%) and RAK White Cement (RAKWCT) 2.45 (1.25%).

Shares to fall included: Aldar Properties (ALDAR) 12.40 (3.45%), Sorouh Real Estate (SOROUH) 9.30 (1.17%), Dana Gas (DANA) 1.93 (1.52%) and RAK Cement (RAKCC) 3.44 (2.57%).

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.