UAE markets 20 Jul 2008

UAE market news & discussions for 20 July 2008 Both UAE market indicies finished in positive territory today. The DFM was up 0.40% and the ADX up 0.93%. The value of shares traded on both markets was well below the one billion dirham level. On the DFM, new listing TAKAFUL-EM closed at 4.46 dirham a rise of 3.46 dirham from the float price on turnover of 40 million shares. On the ADX, METHAQ was the the top share traded rising 0.76% to 7.96 dirham on turnover of 22 million shares. Recent results ADCB 2008 H1 profit 1,081m, up 14% from the pcp AHI 2008 H1 profit 49m, up 107% from the pcp RAKWCT 2008 H1 profit 52m, down 33% from the pcp Julphar 2008 H1 profit 122m, up 96% from the pcp Sharewadi Calendar Monday, July 21 ACICO BOD meeting 08Q2 results? GFH BOD meeting - 08Q2 results3:00pm TAMWEEL BOD meeting 08Q2 results & sukuk, FGB BOD meeting AED 3.6 bn convertible bonds Tuesday, July 22 CBI BOD meeting 08Q2 results? Wednesday, July 23 ETISALAT 2008 25% interim dividend last trading day for eligibility Thursday, July 24 ARIG 08Q2 results due SOROUH BOD meeting - 08Q2 results?

• Marketwatch ADX DFM July 2008
• ALLIANCE foreign ownership
• Madina Dh3.4bn UAE property investment
• RAKWCT 08Q2 loss Dh-1.4m -103%
• Takaful Emarat DFM listing
• AHI 08Q2 profit Dh27m +108%
• Emarat Emirates Takaful IPO
• DIB subsidiary Dar Al Sharia
• JULPHAR 08Q2 financial results?
• ADIB 08Q2 profit Dh280m +53%
• Trading Air Arabia
• EMAAR 08Q2 profit Dh1.56bn +7%
• SOROUH 08Q2 results 24 July?
• ADCB 08Q2 profit Dh660m +29%
• ETISALAT 08Q2 profit Dh3bn +58%
• UAE telecoms Al Mal report
• Mobily 08Q2 profit Dh439m +47%
• DEYAAR managing National Bonds properties
• Arabtec Warsan contract
• Tamweel GLOBAL research
• Drake Scull IPO
• DMCC new location
• DIC > DIRC M Holding land sale
• DFM net foreign selling Dh209m last week
• ENBD NIB loan to ENOC

More UAE stock market news and discussions...

best stock rises symbol price change TAKAFUL-EM 4.46 +3.46 +346% GRAND 3.19 +0.29 +10% JULPHAR 2.52 +0.21 +9.1% SCIDC 5.43 +0.43 +8.6% NMDC 12.05 +0.80 +7.1%

worst stock falls symbol price change TKFL 7.73 -0.84 -9.8% ARIG 3.06 -0.18 -5.6% DNIR 4.00 -0.18 -4.3% AJMANBANK 3.25 -0.09 -2.7% QTEL 180.00 -4.90 -2.7%

top volume symbol value (AED) price TAKAFUL-EM 199,155,731 4.46 METHAQ 175,256,465 7.96 AIRARABIA 144,809,433 1.59 ALDAR 118,353,842 11.65 EMAAR 106,846,053 10.00

Dubai Financial Market

The DFM index closed at 5,243 a rise of 0.40% from the previous close. 229 million shares were traded worth 763 million dirhams. Fifteen shares advanced and twelve declined.
The top traded share was AIRARABIA, rising 3.92% to 1.59 dirhams on turnover of 90 million shares.
New listing TAKAFUL-EM was also heavily traded rising from 1 dirham to 4.46 dirhams at close on turnover of 40 million shares.

Other shares to rise included: GULFNAV 1.61 (4.54%), Dubai Investments (DIC) 3.69 (1.37%) and DFM 4.58 (0.88%).

Shares to fall included: AJMANBANK 3.25 (2.69%), Emaar Properties (EMAAR) 10.00 (0.49%), IAIAC 2.73 (2.15%) and Tabreed (TABREED) 2.21 (0.89%).

Abu Dhabi Securities Market

The ADX index closed at 4,935 a rise of 0.93% from the previous close. 99 million shares were traded worth 655 million dirhams. Twenty shares advanced and thirteen declined.
The top traded share was METHAQ rising 0.76% to 7.96 dirhams on turnover of 22 million shares.

Other shares to rise included: First Gulf Bank (FGB) 27.40 (0.18%), SIB 2.97 (1.02%), Aldar Properties (ALDAR) 11.65 (1.30%), Dana Gas (DANA) 1.82 (1.11%) and Etisalat (ETISALAT) 20.10 (2.03%).

Shares to fall included: Sorouh Real Estate (SOROUH) 8.80 (0.79%), Aabar Petroleum (AABAR) 4.51 (2.38%), AGTHIA 2.71 (1.81%) and RAK Cement (RAKCC) 3.60 (0.28%).

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