UAE markets 30 Jun 2008

UAE market news & discussions for 30 June 2008 A positive days trading on UAE markets today. The ADX index closed one per cent higher on share value traded of 1.9 billion dirhams. Standout shares were RAKCC rising 4.07% and METHAQ rising 6.17% with over one hundred million shares trading for each stock. DANA announced the discovery of additional oil at its concession in Egypt. Shares were up 2.67% to 1.92 dirhams. The DFM index closed 0.70% higher with a more subdued share value traded of 791 million dirhams. AJMAN BANK steady and DEYAAR up 1.47% dominated trading with 33 million shares traded for each. Calendar items for this week Monday, June 30 DrakeScull IPO announcement expected by today Tuesday, July 1 DANA sukuk pricing Dar Takaful first Founders General Assembly meeting Dar Takaful IPO starts TAQA convertible bond subscription period starts Wednesday, July 2 AABAR Sukuk additional voluntary redemption date GCIC Green Crescent IPO allotment and refund of oversubscribed shares TAQA convertible bond subscription period Thursday, July 3 TAQA convertible bond subscription period UAE stock news links to latest articles

• DP World dividend?
• UPP 2008 FY profit forecast +18% to AED 800m
• Marketwatch ADX DFM June 2008
• TABREED new business model
• Green Crescent IPO
• Abyaar DFM listing
• Drake & Scull IPO
• UPP government JV
• Depa interior award
• ENBD Turkey
• BOS Lebanon
• NetSol new DIFX listing
• GGICO Moodys rating
• Bin Hendi IPO
• Dana Egypt - oil discovered
• DANA gas a good buy?
• GPI Seram oil discovery
• NRE capital increase
• DFMGI Road Map Quiz
• ARIG 2008 Q2 results
• DRC new manager
• UAE- Undervalued Stocks
• New to DST and stock in general
• Derivatives DIFX
• Ajman Bank opening price

More UAE stock market news and discussions...

best stock rises symbol price change GMPC 3.47 +0.31 +9.8% WARE 19.10 +1.65 +9.5% FOODCO 4.55 +0.30 +7.1% TAMWEEL 8.40 +0.50 +6.3% METHAQ 6.54 +0.38 +6.2%

worst stock falls symbol price change ALSALAMSUDAN 5.27 0.79 17.6% OEIHC 2.94 0.31 11.8% NBQ 6.50 0.42 6.9% UNION 4.00 0.24 6.4% JEEMA 4.90 0.25 5.4%

top volume symbol value (AED) price METHAQ 692,779,883 6.54 RAKCC 477,662,890 3.84 ALDAR 161,449,665 12.55 ARKAN 149,576,444 6.25 FGB 102,272,587 26.70

Dubai Financial Market

The DFM index closed at 5,443 a rise of 0.70% from the previous close. 213 million shares were traded worth 791 million dirhams. Nineteen shares advanced and seven declined.
The top traded share was AJMANBANK closing steady on 2.40 dirhams on turnover of 33 million shares.

Other shares to close unchanged included: DFM 5.09 and Emaar Properties (EMAAR) 10.85.

Shares to rise included: AIRARABIA 1.83 (0.54%), DEYAAR 2.06 (1.47%), GULFNAV 1.64 (1.23%), Tamweel (TAMWEEL) 8.40 (6.32%) and Union Properties (UPP) 5.16 (2.99%).

Shares to fall included: Dubai Investments (DIC) 3.77 (0.78%) and Islamic Arab Insurance (IAIC) 3.03 (0.65%).

Abu Dhabi Securities Market

The ADSM index closed at 4,953 a rise of 1.01% from the previous close. 389 million shares were traded worth 1.9 billion dirhams. Thirty one shares advanced and eight declined.
The top traded share was RAK Cement (RAKCC) rising 4.07% to 3.84 dirhams on turnover of 124 million shares. Thsi was closely followed by METHAQ rising 6.17% to 6.54 dirhams on turnover of 105 million shares.

Other shares to rise included: First Gulf Bank (FGB) 26.70 (1.14%), Aldar Properties (ALDAR) 12.55 (1.21%), Dana Gas (DANA) 1.92 (2.67%), and ARKAN 6.25 (1.46%).

Shares to fall included: Finance House (FH) 14.70 (2.00%) and RAKWC 2.50 (0.40%).

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