UAE markets 14 Jul 2008

UAE market news & discussions for 14 July 2008 Both UAE indicies rose today by half of one percent but the value of shares traded remains low with one billion on the DFM and 571 million dirhams on the ADX. On the DFM, AJMANBANK accounted for half the value of all shares traded rising 6.44% to 3.47 dirhams. On the ADX, ETISALAT was up by 1% on increased volume as its results were released. DIFX DEPA $1.40 rose 3.7% on volume of 367,000. DPW $.80 was steady on volume of 6.6 million. Results Etisalat 2008H1 5,118m, up 37% from pcp. Sharewadi Calendar 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 Thursday, 17 July 2008 DrakeScull IPO subscription end date GGICO 08Q2 results? SW estimate JULPHAR BOD meeting, agenda not supplied. 08Q2 results? NBQ 08Q2 results? SW estimate

• Marketwatch ADX DFM July 2008
• EMAAR 08Q2 forecast EFG
• SHUAA - HSBC report [BUY]
• DFM Investors lobby
• SHUAA EGM - KSE delisting & foreign ownership
• ETISALAT 08Q2 profit Dh3bn +58%
• Dubai International Driving Center
• Arabtec Al Mal report
• Drake Scull Yas Island
• DP World Yemen
• Sorouh Sukuk
• Dar Takaful DFM listing
• 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

More UAE stock market news and discussions...

best stock rises symbol price change GMPC 3.54 +0.32 +9.9% NCTH 13.55 +1.20 +9.7% DRIVE 7.08 +0.59 +9.1% AKIC 2.74 +0.21 +8.3% AJMANBANK 3.47 +0.21 +6.4%

worst stock falls symbol price change OEIHC 3.52 -0.30 -7.9% NCC 8.75 -0.45 -4.9% SHUAA 6.55 -0.30 -4.4% ALFIRDOUS 2.26 -0.09 -3.8% BILDCO 3.60 -0.12 -3.2%

top volume symbol value (AED) price AJMANBANK 489,023,748 3.47 ARTC 140,217,424 18.50 ALDAR 96,163,434 12.05 EMAAR 94,833,260 10.30 ETISALAT 91,947,819 20.00

Dubai Financial Market

The DFM index closed at 5,316 today a rise of 0.54% from the previous close. 285 million shares were traded worth 1 billion dirhams. Fifteen shares advanced and nine declined.
AJMANBANK dominated trading rising 6.47% to 3.47 dirhams on volume of 142 million shares.

Other shares to rise included: Arabtec (ARTC) 18.50 (4.81%), AIRARABIA 1.63 (0.61%), DFM 4.84 (0.20%), Dubai Investments (DIC) 3.70 (2.20%) and Emaar Properties (EMAAR) 10.30 (1.47%).

Shares to fall included: DEYAAR 2.05 (0.48%) and Shuaa Capital (SHUAA) 6.55 (4.37%).

GULFNAV finished steady on 1.60 dhs.

Abu Dhabi Securities Market

The ADX index closed at 4,952 a rise of 0.55% from the previous close. 111 million shares were traded worth 571 million dirhams. Twenty three shares advanced and twelve declined.
AGTHIA topped trading rising 2.14% to 2.86 dirhams on volume of 24 million shares.

Other shares to rise included: Aldar Properties (ALDAR) 12.05 (0.42%), Aabar Petroleum (AABAR) 4.67 (1.08%), Abu Dhabi National Energy (TAQA) 2.85 (2.15%), RAK Cement (RAKCC) 3.69 (2.50%) and Etisalat (ETISALAT) 20.00 (1.01%).

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