UAE markets 21 Jul 2008

UAE market news & discussions for 21 July 2008 A brighter day on UAE markets today with both indices up by more than half a percent but the value of shares traded on both markets continues to be below the one billion dirham level. A contributing factor could be the announcement by Drake and Skull that its IPO was 101 times oversubscribed for a total outlay of AED 124 billlion. Refund cheques in the mail by 31 July 2008. On the DFM, Deyaar celebrated the release of its results by rising 3.51% to 2.06 dirhams. However, EMAAR continues to lag, despite managing a small rise to close at 10.05 dirhams. On the ADX, FGB dominated trading rising 2.19% to 28.00 dirhams on higher than usual turnover of 8.3 million shares. Despite reporting falling profits by 16%, investors celebrated the RAPCO results by pushing the price up 1.62% on modest turnover. Results DEYAAR 2008 H1 profit, 449m, up 266% from pcp ADAVIAT 2008 H1 profit, 39m, up 27% from the pcp RAPCO 2008 H1 profit, 49m, down 16% from the pcp. Sharewadi Calendar Tuesday, July 22 5:00pm CBI BOD meeting 08Q2 results? Agenda not supplied. Wednesday, July 23 ETISALAT 2008 25% interim dividend last trading day for OILC BOD meeting O8Q2 UIC BOD meeting agenda not supplied Thursday, July 24 ARIG 08Q2 results due before today ETISALAT 2008 25% interim dividend ex-dividend date SOROUH BOD meeting - 08Q2 results? Agenda not supplied

• EMAAR 08Q2 profit Dh1.56bn +7%
• Any Stock which can get 20-25% profit by Year End..?
• Khoie IPO
• Drake Scull oversubscription
• Drake Scull IPO
• ACICO 08Q2 profit Dh30m +7%
• DP World H12008 throughput
• Waha Abraaj GMMOS
• DEYAAR 08Q2 profit Dh250m +184%
• RAPCO 08Q2 profit Dh6.5m -72%
• ADAVIATION 08Q2 profit Dh30m +23%
• ADSB BVT
• Emirates Money
• Emarat Emirates Takaful IPO
• ETISALAT Tata Teleservices
• 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%
• DIB subsidiary Dar Al Sharia
• JULPHAR 08Q2 financial results?
• ADIB 08Q2 profit Dh280m +53%
• Trading Air Arabia

More UAE stock market news and discussions...

best stock rises symbol price change UNION 4.39 +0.39 +9.8% DRIVE 7.60 +0.61 +8.7% AKIC 2.68 +0.18 +7.2% ADNH 8.14 +0.34 +4.4% OEIHC 3.65 +0.15 +4.3%

worst stock falls symbol price change NBF 6.53 -0.72 -9.9% AAAIC 106.00 -9.00 -7.8% TAKAFUL-EM 4.22 -0.24 -5.4% JEEMA 3.61 -0.19 -5% CBI 2.81 -0.09 -3.1%

top volume symbol value (AED) price FGB 233,991,567 28.00 ARKAN 182,958,843 6.49 EMAAR 151,506,448 10.05 ETISALAT 127,647,002 20.05 ALDAR 99,198,131 11.80

Dubai Financial Market

The DFM index closed at 5,287 a rise of 0.85% from the previous close. 180 million shares were traded worth 646 million dirhams. Twenty shares advanced and four declined.
The top traded share was Deyaar rising 3.51% to 2.06 dirham on turnover of 31 million shares.

Other shares to rise included: DFM 4.62 (0.87%), Emaar Properties (EMAAR) 10.05 (0.50%), GULFNAV 1.63 (1.24%) and Union Properties (UPP) 5.30 (0.76%).

Shares to fall included: TAKAFUL-EM 4.22 (5.38%), AIRARABIA 1.58 (0.62%)

AJMANBANK closed steady at 3.25 dirhams.

Abu Dhabi Securities Market

The ADX index closed at 4,964 a rise of 0.60% from the previous close. 125 million shares were traded worth 990 million dirhams. Twenty five shares advanced and eighteen declined.
The top traded share by value was First Gulf Bank (FGB) rising 3.19% to 28.00 dirhams on turnover of 8.3 million shares.

Other shares to rise included: SIB 3.05 (2.69%), Aldar Properties (ALDAR) 11.80 (1.29%), Sorouh Real Estate (SOROUH) 8.81 (0.11%) and ARKAN 6.49 (3.34%).

Shares to fall included: METHAQ 7.75 (2.64%), Etisalat (ETISALAT) 20.05 (0.25%), RAK Cement (RAKCC) 3.57 (0.83%) and Aabar Petroleum (AABAR) 4.48 (0.67%).

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