UAE markets 18 Aug 2008

UAE market news & discussions for 18 August 2008 Both UAE market indicies rose today by half of one percent however, value of trading was just over 500 million dirhams for DFM and just under for ADX. On the DFM, AJMANBANK was the top traded share rising 3.04% to 3.05 dirhams on 63 million shares traded. On the ADX, DANA was the stand out rising 2.94% to 1.75 dirhams on volume of 39 million shares. DIFX DAMAS $1.02 rose 4% on volume of 150,000. DPW $.82 rose 2.5% on volume of 2.5 million. Sharewadi Calendar Wednesday, August 20 DEPA 08Q2 financial results to be announced Thursday, August 28 DPW 08Q2 financial results due HIK 08Q2 preliminary results and interim dividend announcement expected KHI 08Q2 financial results to be announced

• Marketwatch ADX DFM August 2008
• Tamweel - is at time to sell at loss
• Good portfolio and rebound when?
• Tamweel CEO fraud investigation?
• 2008Q2 UAE financial results
• AEIBANK 08Q2 profit Dh1.4m -68%
• IFA 08Q2 loss Dh-25m -105%
• Agility WARE 08Q2 profit Dh490m -9%
• Amlak vs Tamweel
• DANA 08Q2 profit Dh34m +17%
• Insider trades August 2008
• NCC 08Q2 profit Dh28m -51%
• AJMANBANK profit Dh18m to 30 June 2008
• TABREED TNI report update
• ASCANA 08Q2 profit Dh7m -53%
• ADCB ringgit bond delay
• TAMWEEL more loans Dh1.8-3.5bn
• UFC 08Q2 profit Dh4.6m +169%
• UPP Morgan Stanley report
• GULFA 08Q2 profit Dh0.89m +8%
• CIB Egypt 08Q2 profit Dh360m +31%
• FOODCO 08Q2 profit Dh23m +485%
• TABREED 08Q2 profit Dh23m +85%
• EMAAR lawsuit Saudi Arabia
• EMAAR 08Q2 profit Dh1.66bn +7%

More UAE stock market news and discussions...

best stock rises symbol price change DRIVE 6.50 +0.57 +9.6% CBI 3.00 +0.17 +6% NCC 8.85 +0.35 +4.1% TAMWEEL 6.07 +0.21 +3.6% GCEM 5.08 +0.17 +3.5%

worst stock falls symbol price change SCIDC 5.04 0.55 12.2% ADAVIATION 4.30 0.45 11.7% ALSALAMSUDAN4.30 0.13 DARTAKAFUL 0% 6.39 0.16 IAIC 0% 2.38 0.05 0 %

top volume symbol value (AED) price AJMANBANK 194,804,096 3.05 SOROUH 113,066,178 7.99 ALDAR 102,577,137 10.60 DANA 69,197,292 1.75 EMAAR 65,981,086 9.78

Dubai Financial Market

The DFM index closed at 5,012 a rise of 0.47% from the previous close. 143 million shares were traded worth 53 million dirhams. Twenty one shares advanced and six declined.
The top traded share was AJMANBANK rising 3.04% to 3.05 dirhams on volume of 63 million shares.

Other shares to rise included: Amlak Finance (AMLAK) 4.07 (0.99%), DFM 3.97 (0.50%), Emaar Properties (EMAAR) 9.78 (0.92%), Tamweel (TAMWEEL) 6.07 (3.58%) and Union Properties (UPP) 4.63 (1.09%).

Three shares fell on significant volumes, TAKAFUL-EM 4.04 (1.22%), DAR-TAKAFUL 6.39 (2.44%) and Islamic Arab Insurance (IAIC) 2.38 (2.05%).

Abu Dhabi Securities Market

The ADX index closed at 4,558 a rise of 0.53% from the previous close. 99 million shares were traded worth 443 million dirhams. Twenty one shares advanced and ten declined.
The top traded share was Dana Gas (DANA) rising 2.94% to 1.75 dirhams on volume of 39 million shares.

Other shares to rise included: First Gulf Bank (FGB) 23.25 (3.33%), Aldar Properties (ALDAR) 10.60 (2.42%), Sorouh Real Estate (SOROUH) 7.99 (1.01%) and RAK Cement (RAKCC) 3.13 (3.30%).

Shares to fall included: METHAQ 7.77 (1.65%) and Etisalat (ETISALAT) 18.45 (0.54%).

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