UAE markets 19 Aug 2008

UAE market news & discussions for 19 August 2008 Subdued summer trading conditions continued on UAE markets today. The DFM and ADX indicies both finished slightly higher however, the value of shares traded was just over 500 million dirhams for both markets. Until trading volumes improve it is hard to see these markets rising above their current levels. On the DFM the top traded share was TABREED rising 0.98% to 2.06 dirhams on volume of 42 million shares. On the ADX the stand out share was FGB, rising 4.30% to 24.25 on volume of 1.9 million shares. DIFX DEPA $1.19 rose 0.85% on volume of 420 thousand DPW $.83 rose 1.22% on volume of 2.4 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 Monday, September 1 DSI when is listing date on DFM? GCIC when is listing date? TAQA convertible bonds conversion date Tethys Oil when is listing on DIFX?

• 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 OEIHC 3.85 +0.35 +10% DRIVE 7.11 +0.61 +9.4% ADAVIATION 4.70 +0.40 +9.3% QCEM 2.93 +0.22 +8.1% FOODCO 5.50 +0.40 +7.8%

worst stock falls symbol price change SALAM 13.45 -2.35 -14.9% GRAND 2.72 -0.47 -14.7% FBICO 3.19 -0.35 -9.9% INVESTB 3.26 -0.21 -6.1% GMPC 3.63 -0.23 -6%

top volume symbol value (AED) price ALDAR 235,021,698 10.65 SOROUH 107,623,295 7.88 AJMANBANK 94,268,806 3.08 TABREED 86,244,351 2.06 EMAAR 80,652,617 9.74

Dubai Financial Market

The DFM index closed at 5014 a rise of 0.05% from the previous close. 156 million shares were traded worth 526 million dirhams. Eleven shares advanced and thirteen declined.
The top traded share was Tabreed (TABREED), rising 0.98% to 2.06 dirhams on volume of 42 million shares.

Other shares to rise included: AJMANBANK 3.08 (0.98%), DFM 4.01 (1.00%) and Dubai Islamic Bank (DIB) 7.63 (0.79%).

Shares to fall included: Emaar Properties (EMAAR) 9.74 (0.40%), Tamweel (TAMWEEL) 6.05 (0.32%), Union Properties (UPP) 4.59 (0.86%), Arabtec (ARTC) 15.15 (0.32%) and ARAMEX 2.04 (0.48%).

Abu Dhabi Securities Market

The ADX index closed at 4,565 a rise of 0.17% from the previous close. 86 miliion shares were traded worth 555 million dirhams. Twenty shares advanced and seventeen declined.
The top traded share was Aldar Properties (ALDAR), rising 0.47% to 10.65 dirhams on volume of 22 million shares.

Other shares to rise included: First Gulf Bank (FGB) 24.25 (4.30%), Dana Gas (DANA) 1.77 (1.14%), AGTHIA 2.36 (2.16%) and METHAQ 7.94 (2.19%).

Shares to fall included: Sorouh Real Estate (SOROUH) 7.88 (1.38%), Aabar Petroleum (AABAR) 4.03 (0.74%) and Etisalat (ETISALAT) 18.40 (0.27%).

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