UAE markets 13 Jul 2008

UAE market news & discussions for 13 July 2008 Capitulation day on both UAE markets today with the DFM index down 1.13% on volume of 200 million shares traded and the ADX index down 1.42% on volume traded of 100 million shares. On the DFM, AJMANBANK lead the slide, falling 1.80% to 3.26 dirhams on volume of 60 million shares traded. On the ADX, energy shares were hit with AABAR down 3.75%, DANA 2.11% and TAQA down 4.45%. On the DIFX DAMAS US$1.04 closed down 1.89% with 50 shares traded. DPW US $.80 closed up 1.27% with 433,000 shares traded. Results DFM 2008 H1 560m, -25% pcp (shares fell 2.42% today) FH 2008 H1 226m, 182% pcp Sharewadi Calendar Sunday, 13 July 2008 DFM 08Q2 results? SW estimate. DrakeScull IPO subscription period TAQA convertible bond subscription period? Monday, 14 July 2008 DrakeScull IPO subscription period TAQA convertible bond subscription period? Tuesday, 15 July 2008 DrakeScull IPO subscription period TAQA convertible bond subscription period? UAB 08Q2 results? SW estimate Wednesday, 16 July 2008 DrakeScull IPO subscription period EMAAR 08Q2 preliminary results? SW estimate ETISALAT BOD meeting at 6:00pm to discuss 08Q2 / 08 H1 dividend

• Marketwatch ADX DFM July 2008
• Julphar CEO resigns
• ADCB Dh5bn property venture
• DANA Sukuk conversion rate
• RAK Petroleum Sajaa drilling
• Green Crescent IPO
• DFM Dh598m foreign selling last week
• RHB Bank Fitch rating
• Dubai Drydocks Dh8bn loan
• DFM 08Q2 profit Dh250m +33%
• DIC > Emirates Glass expansion
• EIB NBS Dh147m Marine contract
• Global GCC Real Estate Fund II
• UAE share price forecast
• UAE stocks fundamental data
• Drake Scull IPO
• Transport shares to rise?
• Pakistan secondary listing DFM
• INVESTB 08Q2 profit Dh78m +57%
• FH 08Q2 profit Dh99m +153%
• AABAR convertible bond
• Monarch Gold Mine bust
• Noor Bank Aldar Sorouh MoU
• UNION convertible bond?
• SALAM 2008Q2 results 26 July 2008?

More UAE stock market news and discussions...

best stock rises symbol price change TKFL 8.57 +0.76 +9.7% ARIG 3.24 +0.15 +4.9% SALAM_BAH 2.63 +0.11 +4.4% ALFIRDOUS 2.35 +0.07 +3.1% FOODCO 5.36 +0.14 +2.7%

worst stock falls symbol price change AKIC 2.53 -0.27 -9.6% GMPC 3.22 -0.34 -9.6% ADAVIATION 4.42 -0.46 -9.4% DRIVE 6.49 -0.62 -8.7% UAB 7.40 -0.44 -5.6%

top volume symbol value (AED) price AJMANBANK 201,395,683 3.26 METHAQ 137,657,470 7.12 EMAAR 80,435,508 10.15 DFM 73,018,566 4.83 AIRARABIA 72,089,857 1.62

Dubai Financial Market

The DFM index closed at 5,287 a fall of 1.13% from the previous close. 200 million shares were traded worth 675 million dirhams. Six shares advanced and nineteen declined.
The top traded share was AJMANBANK falling 1.80% to 3.26 dirhams on volume of 60 million shares.

Other shares to fall included: AIRARABIA 1.62 (2.99%), Islamic Arab Insurance (IAIC) 2.81 (4.74%), DFM 4.83 (2.42%), Emaar Properties (EMAAR) 10.15 (1.45%) and Dubai Islamic Bank (DIB) 7.90 (1.49%).

Shares to rise included: ALSALAMBANK 2.63 (4.36% and DEYAAR 2.06 (1.47%).

Abu Dhabi Securities Market

The ADX closed at 4,925 a fall of 1.42% from the previous close. 102 million shares were traded worth 563 million dirhams. Nine shares advanced and thirty four declined.
The top traded share was METHAQ rising 0.85% to 6.96 dirhams on turnover of 19 million shares.

Othr shares to rise included: NBQ 6.50 (2.54%) and UNION 4.35 (0.32%).

Shares to fall included: First Gulf Bank (FGB) 27.55 (1.79%), ARKAN 6.22 (0.32%), Aldar Properties (ALDAR) 11.90 (2.83%), Sorouh Real Estate (SOROUH) 9.35 (2.29%).
Energy shares also fell sharply Aabar Petroleum (AABAR) down 3.75%, Dana Gas (DANA) down 2.11% and Abu Dhabi National Energy (TAQA) down 4.45%.

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