UAE markets 26 Jun 2008

UAE market news & discussions for 26 June 2008 Both UAE markets closed slightly lower today. Trading volume was low with less than one billion dirhams worth of shares traded on each exchange. On the DFM, AJMANBANK continues to fall closing 4.21% down at 2.50 dirhams. On the ADX, METHAQ topped trading falling 1.11% to 6.01 dirhams on turnover of 46 million dirhams. Company and Market news Union Properties is in talks with the Dubai government over a joint venture and plans to double its land holdings National Investor (TNI) plans to move its funds off shore from the UAE due to the current local regulatory framework. SHUAA goes ex Dividend today. UAE stock news - links to latest news articles.

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best stock rises symbol price change QTEL 189.90 +9.80 +5.4% GULFA 2.57 +0.12 +4.9% FH 15.00 +0.50 +3.4% SALAM_BAH 2.60 +0.06 +2.4% MASQ 280.00 +5.00 +1.8%

worst stock falls symbol price change ALSALAMSUDAN 5.27 0.73 16.1% SHUAA 7.65 0.64 9.1% OEIHC 3.25 0.26 8.7% NCC 9.31 0.49 5.6% NGI 10.20 0.50 5.2%

top volume symbol value (AED) price METHAQ 289,666,375 6.23 AJMANBANK 171,129,750 2.50 ADCB 119,374,328 5.18 EMAAR 103,403,124 10.95 DFM 61,405,839 5.24

Dubai Financial Market

The DFM index closed at 5,432 a fall of 0.40% from the previous close. 209 million shares were traded worth 747 million dirhams. Eleven shares advanced and sixteen declined.
AJMANBANK topped trading falling a further 4.21% to 2.50 dirhams on turnover of 66 million shares.

Other shares to fall included: AIRARABIA 1.83 (0.54%), DEYAAR 2.07 (1.42%) and GULFNAV 1.64 (0.60%).

Shares to rise included: Tamweel (TAMWEEL) 7.80 (0.38%), GGICO 7.55 (0.66%), Dubai Investments (DIC) 3.84 (0.26%), DFM 5.24 (0.76%) and SALAMBANK 2.60 (2.36%).

Abu Dhabi Securities Market

The ADX index closed at 4,957 a fall of 0.06% from the previous close. 177 million shares were traded worth 865 million dirhams. Thirteen shares advanced and twenty four declined.
METHAQ topped trading falling 1.11% to 6.01 dirhams on turnover of 46 million shares.

Other shares to fall included: Aldar Properties (ALDAR) 12.55 (0.40%), Dana Gas (DANA) 1.91 (1.54%), ARKAN 6.04 (0.66%) and RAK Cement (RAKCC) 3.34 (1.17%).

Shares to rise included: Abu Dhabi Commercial Bank (ADCB) 5.19 (0.19%), Etisalat (ETISALAT) 19.70 (0.25%), National Marine Dredging (NMDC) 13.00 (0.78%) and First Gulf Bank (FGB) 26.65 (1.34%).

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