UAE markets 26 Mar 2008

UAE market news & discussions for 26 March 2008 Different directions on UAE markets today with the DFM index falling by 0.13% and the ADSM index up 1.54%. A little over a billion worth of shares were traded on the DFM and a modest 528 million worth on the ADSM. On the DFM, SALAM Bank of Bahrain listed closing 14.76% up at 2.72 dirhams. On the ADSM, ADCB lifted 3.23% to 6.72 dirhams on 11.8 million shares traded. DFM Company Announcements: ALMADINA: Discloses its preliminary financial results for 2007 AHI: AGM of Arab Heavy Industries is being held today, 26/03/2008. ARMX: Deferment of AGM to 2/04/2008 for lack of quorum ARTC: Wins a contract from Shaikh Holdings DFM: Approves 10% dividend. EMAAR: Today 26/03/2008, is the last trading date for entitlement to Emaar distributions. ADSM Company Announcements ALDAR: Aldar Properties board meeting approved to issue 8,064,514 shares through convertible Sukuk. ALDAR: Aldar Properties support Abu Dhabi's 2030 Plan with Developments Show cased at World Property Market MIPIM For more information see the Sharewadi Calendar

• 26 March 2008 ADSM DFM DIFX disclosures & news
• Insider trades March 2008
• TAQA 2007 FY profit AED 1bn +106% 31 Jan 2008
• Retaining shares after moving
• Airarabia buys 2 aircraft
• DFM profit 2007 AED 1.4 bn +76% - PR 13 Jan 2007
• Future Pipes IPO
• Depa IPO
• Marketwatch DFM March 2008
• DDC 2007 FY profit AED 0.46m +7% 25 Feb 2008
• ACICO 2007 FY profit AED 300m +65% 25 Mar 2008
• ARTC 2008 FY revenue up 40% - R 25 Mar 08
• Al Salam Bank Bahrain DFM listing
• DIC 2007 FY profit AED 1.5bn +52% 29 Jan 2008
• Tamweel ready to repeat 2007 performance
• EMAAR 2007 FY profit AED 6.57 bn +3.1% 16 Jan 2008
• Dow & Nasdaq turn up the volume
• Air Arabia to New Delhi - PR 04 Mar 08
• Etisalat to allow foreign ownership of shares... 30 Mar 2006
• ENBD 2007 FY profit +35% to 3.95 bn - 13 Feb 08
• AEIBANK 2007 FY profit AED 26m -26% Q4 13m +944% - 31 Jan 2008
• ETISALAT 2007 FY profit +25% to Dh7.3 bn misses forecasts 28 Jan 08
• Tabreed TNI report 24 Mar 08
• 25 March 2008 ADSM DFM DIFX disclosures & news
• Sorouh to issue AED 3.7 bn bond - R 24 Mar 08

More UAE stock market news and discussions...

best stock rises symbol price change GFH 15.00 +1.90 +14.5% FCI 6.93 +0.63 +10% NBQ 5.66 +0.51 +9.9% OEIHC 6.04 +0.52 +9.4% AKIC 1.99 +0.17 +9.3%

worst stock falls symbol price change ARIG 3.57 -0.41 -10.3% QTEL 220.60 -24.40 -10% FH 9.26 -0.94 -9.2% DRIVE 6.35 -0.51 -7.4% FOODCO 4.26 -0.30 -6.6%

top volume symbol value (AED) price EMAAR 305,151,035 11.50 UPP 145,195,420 4.46 DFM 145,056,357 5.44 DIB 115,955,659 9.55 AIRARABIA 112,420,446 1.87

Dubai Financial Market

The DFM index closed at 5,460 a fall of 0.13% from the previous close. 264 million shares were traded worth 1.1 billion dirhams. Twelve shares advanced and fifteen declined.
The top traded share was AIRARABIA falling 2.09% to 1.87 dirhams with 59 million shares traded.

Other shares to fall included: DEYAAR 2.36 (2.07%), DFM 5.44 (1.09%) and Dubai Islamic Bank (DIB) 9.55 (1.54%).

Shares to rise included: SALAM-BAH 2.72 (14.76%), Arabtec (ARTC) 11.65 (1.74%), Commercial Bank of Dubai (CBD) 9.29 (4.97%), Emaar Properties (EMAAR) 11.50 (0.87%), Union Properties (UPP) 4.46 (7.46%) and Tabreed (TABREED) 2.35 (0.85%).

Abu Dhabi Securities Market

The ADSM index closed at 4,676 a rise of 1.54% from the previous close. 79 million shares were traded worth 528 million dirhams. Twenty nine shares advanced and ten declined.
The top traded share was Abu Dhabi Commercial Bank (ADCB) rising 3.23% to 6.72 dirhams with 11.8 million shares traded.

Other shares to rise included: ADNH 9.80 (2.73%), Aldar Properties (ALDAR) 10.55 (2.93%), Aabar Petroleum (AABAR) 3.27 (0.31%), Dana Gas (DANA) 2.10 (1.45%) and Etisalat (ETISALAT) 24.65 (1.02%).

Shares to fall included: Sorouh Real Estate (SOROUH) 9.06 (0.33%), ADNIC 9.80 (1.01%) and ADAVIATION 5.13 (3.21%).

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UAE markets 25 Mar 2008

UAE market news & discussions for 25 March 2008 After a wobbly start, the DFM finally surged ahead in late trading today. The ADSM took off a little earlier and peaked in the first hour but remained reasonably steady after that. Both indexes ended the day ahead with Dubai Islamic Bank dragging the Dubai market up, and Etisalat doing the same in Abu Dhabi. Arabtec shareholders approved a 50% cash dividend in the AGM yesterday. The Arabtec CEO also said he expected revenues to grow by 40% in 2008. Etisalat shareholders approved a 20% share dividend and 35% cash dividend (to be added to the 25% cash dividend for 2007 H1) in their AGM yesterday. The foreign ownership issue was also raised, it continues to be under review by the relevant authorities, which is what's been said for about 2 years now. TNI issued a report update for Tabreed shares, rating them as undervalued. Al Salam Bank (Bahrain) lists on the DFM tomorrow. Tomorrow is also the last trading day for Sorouh shares to be eligible for dividends Arakan Building Materials has their AGM tomorrow - a 10% cash dividend is proposed. See the ShareWadi calendar for more AGM and dividend dates tomorrow. Latest updates on DubaiShareTalk...

• 25 March 2008 ADSM DFM DIFX disclosures & news
• AEIBANK 2007 FY profit AED 26m -26% Q4 13m +944% - 31 Jan 2008
• Al Salam Bank Bahrain DFM listing
• ARTC 2007 FY profit +128% to AED 494m - 19 Jan 2008
• ARTC 2008 FY revenue up 40% - R 25 Mar 08
• DFM - Bahrain Stock Exchange MoU - PR 24 Mar 08
• DIC 2007 FY profit AED 1.5bn +52% 29 Jan 2008
• Dow & Nasdaq turn up the volume
• EMAAR - accumulate?
• EMAAR 2007 FY profit AED 6.57 bn +3.1% 16 Jan 2008
• ENBD 2007 FY profit +35% to 3.95 bn - 13 Feb 08
• ENBD 2008 FY profit forecast +30% to AED 5.1 bn
• ETISALAT 2007 FY profit +25% to Dh7.3 bn misses forecasts 28 Jan 08
• Etisalat to allow foreign ownership of shares... 30 Mar 2006
• Insider trades March 2008
• Marketwatch DFM March 2008
• NBF 2007 FY profits +36% to AED 324m - 28 Jan 2008
• Sorouh to issue AED 3.7 bn bond - R 24 Mar 08
• Tabreed TNI report 24 Mar 08
• Tamweel ready to repeat 2007 performance
• 24 March 2008 ADSM DFM DIFX disclosures & news

More UAE stock market news and discussions...

best stock rises symbol price change AKIC 1.82 +0.11 +6.4% ASMAK 7.40 +0.41 +5.9% DEYAAR 2.41 +0.13 +5.7% DRIVE 6.86 +0.36 +5.5% DIB 9.70 +0.48 +5.2%

worst stock falls symbol price change GMPC 7.65 -0.85 -10% NMDC 9.91 -1.09 -9.9% FCI 6.30 -0.57 -8.3% OEIHC 5.52 -0.43 -7.2% UNION 3.20 -0.24 -7%

top volume symbol value (AED) price EMAAR 210,463,476 11.40 AIRARABIA 208,950,056 1.91 DFM 203,424,081 5.50 DIC 155,944,888 5.30 DIB 147,539,643 9.70

Dubai Financial Market

The DFMGI ended the day at 5468 points, a rise of 1.27%, and turnover was a more healthy looking AED 1.4 billion. Emaar Properties (EMAAR), AIRARABIA, and DFM all saw turnover of about AED 200 million with Air Arabia rising a decent 3.2% to 1.91, while Emaar was up 1.3% to 11.40.

Top gainers were DEYAAR up 5.7% to 2.41, Dubai Islamic Bank (DIB) up 5.2% to 9.70, and GULFNAV up 4% to 1.57. Arabtec (ARTC) was up 2.7%, Tamweel (TAMWEEL) up 2.6% and the remaining gainers were up by less than 2% or on thin trading.

Only Dubai Investments (DIC) stood out in the loser's list with a 1.85% fall to 5.30. The other 7 stocks to fall were down by less than 1% or on turnover of less than AED 1 million.

Abu Dhabi Securities Market

The ADSM index was up 0.73% to 4606 points with turnover also looking better at AED 618m. Aldar Properties (ALDAR) and Sorouh Real Estate (SOROUH) topped the traded value list with more than AED 100m dhs worth for each of them. Aldar rose 1.5% but Sorouh fell an alarming 4.1%, perhaps on news of a Sukuk issue. Tomorrow is the last trading day to buy Sorouh shares and still be eligible for dividends.

AKIC topped the gainers list with a 6.4% rise to 1.88 and unusually high turnover for them. ASMAK also saw a bit more activity than usual and a 5.9% gain to 6.50. Etisalat (ETISALAT) had a solid 3.8% increase to 24.25 and relatively heavy trading. Abu Dhabi Commercial Bank (ADCB) rose 2.2% to 6.52 and the remaining gainers rose less than 2% or on low trading volumes.

FCI stood out in the losers list with an 8.3% plummet to 6.30 from only 2 trades but AED 3.2m of turnover. NBS was next in the list on greater than AED 1m of turnover, with a 4.45% fall to 2.37. Aabar Petroleum (AABAR) had yet another down day, ending at 3.31 after a 3.3% fall. AGTHIA dropped by 2.6% and the remaining losers fell less than 2% or on light turnover.

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UAE markets 24 Mar 2008

UAE market news & discussions for 24 March 2008 The sellers dominated UAE markets today with the DFM index down by over 2.5 per cent and the ADSM index down over 1.5 per cent. Losses were felt across the board however volumes traded were low. On the DFM, AIRARABIA, ARTC, DEYAAR, DFM and DIC all lost more than 3 per cent. TABREED ended down 7.84%. On the ADSM, realestate stocks were the worst performers with ALDAR, SOROUH and RAKPROP all down more than 4 per cent. Subprime hits AMLAK: With the wholesale debt markets closed and the banking license on hold, AMLAK is planing to sell as much as Dh 4.8 billion worth of convertible and non convertible bonds this year to finance expansion. EMAAR is bullish on Indian Realty especially the hospitality sector and will reconsider the IPO when the time is right according to the CEO. ADSM Company Announcements CBI: Commercial Bank International postpone the AGM NCTH:Result of National Corporation for Tourism & Hotels board meeting regarding the new board members QTEL: Result of Qatar Telecom AGM DFM Company Announcements AMLAK: Amlak Finance announces the resolutions of its EGM held on 23/03/2008 AMLAK: Today 24/03/2008, is the last trading date for entitlementt to Amlak Finance distributions. ARMX: Aramex agenda of its AGM being held on 25/03/2008. ARTC: AGM of Arabtec is being held today, 24/03/2008. ENBD: Emirates ENBD announces the resolutions of its AGM held on 23/03/2008 TABREED: DFM announces the allocation of National General Cooling 7% bonus shares into shareholders accounts as per the company register closing on 23/03/2008. Further details see: http://www.sharewadi.com/calendar.php

• accumulate?
• 24 March 2008 ADSM DFM DIFX disclosures & news
• $/Dhs Revaluation Effect on DFM & ADSM ?
• DFM - Khartoum dual listings - PR 23 Mar 2008
• NBAD 2007 FY profit up 19% to AED 2.5 bn - R 28 Jan 2008
• EMAAR boss expects US property to fall another 50%? - R 22 Mar 08
• Amlak's EGM - AED 4.8 billion Sukuk issue - PR 23 Mar 08
• CBI 2007 FY profit AED 320m +3,297% 29 Jan 2008
• CIB 2007 FY profit AED 860m +51% 25 Feb 2008
• CBD 2007 FY profit +56% to AED 936m - 16 Jan 08
• Amlak Finance launches sales of Al Khawaneej land - PR 22 Mar 08
• TABREED 2007 FY profit forecast down 30% to AED 70m
• Marketwatch DFM March 2008
• New Investor Air Arabia & DP World IPO exit questions?
• Al Salam Bank Bahrain meets with shareholders PR 19 Mar 08
• NBQ capital increase / rights issue? 18 Mar 08
• SOROUH 2007 FY profit AED 1.26 bn beats forecasts - 30 Jan 2008
• WARE - Agility capital increase
• WARE Agility 2007 FY profits +34% to AED 2.3 bn? - 20 Feb 08
• DIC rights issue phase 2
• 20 21 22 23 March 2008 ADSM DFM DIFX disclosures and news
• DIC 2007 FY profit AED 1.5bn +52% 29 Jan 2008
• BOS 2007 FY profit +26% to Dh404 m PR 28 Jan 08
• BILDCO 2007 FY profit AED 58m -22% 06 Feb 2008
• BAYAN 2007 FY profit AED 100m +203% 12 Mar 2008

More UAE stock market news and discussions...

best stock rises symbol price change TKFL 7.75 +0.70 +9.9% CBI 3.04 +0.26 +9.4% SALAM 20.30 +1.70 +9.1% NMDC 11.00 +0.90 +8.9% NGI 8.41 +0.40 +5%

worst stock falls symbol price change GFH 13.10 -2.00 -13.2% RAKBANK 6.31 -0.69 -9.9% OEIHC 5.95 -0.63 -9.6% TABREED 2.35 -0.20 -7.8% ADAVIATION 5.37 -0.41 -7.1%

top volume symbol value (AED) price EMAAR 190,327,138 11.25 AIRARABIA 151,676,552 1.85 DIB 134,322,898 9.22 DFM 113,293,710 5.48 ADNH 109,643,916 9.51

Dubai Financial Market

The DFM index closed at 5,399 a fall of 2.68% from the previous close. 245 million shares were traded worth 963 million dirhams. ive shares advanced and twenty three declined.
The top traded share was AIRARABIA falling 3.64% to 1.85 dirhams on 80 mllion shares traded.

Other shares to fall included: Arabtec (ARTC) 11.15 (3.04%), DEYAAR 2.28 (3.74%), DFM 5.48 (3.00%), Dubai Investments (DIC) 5.40 (3.74%), Emaar Properties (EMAAR) 11.25 (2.17%), Dubai Islamic Bank (DIB) 9.22 (4.65%). GULFNAV 1.51 (2.58%) and Tabreed (TABREED) 2.35 (7.84%).

No shares gained on significant volume.

Abu Dhabi Securities Market

The ADSM index closed at 4,572 a fall of 1.56% from the previous close. 77 million shares were traded worth 443 million dirhams. Three shares advanced and thirty six declined.
The top traded share was ARKAN falling 0.26% to 3.80 dirhams on 14 million shares traded.

Other shares to fall included: Abu Dhabi Islamic Bank (ADIB) 64.40 (3.13%), WAHA 2.22 (3.06%), Aldar Properties (ALDAR) 10.05 (4.27%), Aabar Petroleum (AABAR) 3.31 (3.71%), and ADNH 9.51 (2.16%) 0.

No shares gained o significant volume.

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UAE markets 23 Mar 2008

UAE market news & discussions for 23 March 2008 It wasn't a great start to the week, with both markets falling. On the positive side, trading volumes were low which could indicated the current downtrend has run out of puff, and a rally might be due. The Emaar chairman said they were looking to buy property in the US and Europe. Figures that he supplied to Reuters indicated that Emaar were looking at property that had plummeted in value by an astonishing 90%, and another 50% fall was expected. Further details of where these bargain properties were, were not given. Al Salam Bank Bahrain lists on the DFM later this week, and the DFM said they'd signed a cross listing agreement with the Khartoum Stock Exchange. After Kuwait and Karachi, that seems to take care of all the stock markets starting with the letter K. Might we see a cross listing with London and Lompopo next week? The Sorouh AGM on Thursday approved a cash dividend of 12%, which translates to a dividend yield of 1.2%. The Takaful Al Emarat, or Emirates Takaful Insurance, IPO started today. Several AGMs tomorrow including Arabtec and Etisalat, and tomorrow is also the last trading day before Amlak shares go ex-dividend. More news, disclosures, agenda items for today. See also the ShareWadi calendar.

• TABREED 2007 FY profit forecast down 30% to AED 70m
• New Investor Air Arabia & DP World IPO exit questions?
• EMAAR boss expects US property to fall another 50%? - R 22 Mar 08
• 20 21 22 23 March 2008 ADSM DFM DIFX disclosures and news
• DFM - Khartoum dual listings - PR 23 Mar 2008
• Al Salam Bank Bahrain meets with shareholders PR 19 Mar 08
• NBQ capital increase / rights issue? 18 Mar 08
• SOROUH 2007 FY profit AED 1.26 bn beats forecasts - 30 Jan 2008
• WARE - Agility capital increase
• WARE Agility 2007 FY profits +34% to AED 2.3 bn? - 20 Feb 08
• DIC rights issue phase 2
• DIC 2007 FY profit AED 1.5bn +52% 29 Jan 2008
• BOS 2007 FY profit +26% to Dh404 m PR 28 Jan 08
• BILDCO 2007 FY profit AED 58m -22% 06 Feb 2008
• BAYAN 2007 FY profit AED 100m +203% 12 Mar 2008
• Ajman Bank Listing
• Emirates Takaful IPO - R 13 March 08
• DP World - learn from Reliance Power bonus shares 18 Feb 08
• Tamweel ready to repeat 2007 performance
• DIC rights issue
• EMAAR 2007 FY profit AED 6.57 bn +3.1% 16 Jan 2008
• $/Dhs Revaluation Effect on DFM & ADSM ?
• GULFNAV 2007 FY profit AED 120m +121% 07 Feb 2008
• 19 March 2008 ADSM DFM DIFX disclosures & news
• 2007 FY profit AED 282m below forecast - 13 Feb 2008

More UAE stock market news and discussions...

best stock rises symbol price change OEIHC 6.58 +0.59 +9.8% UNION 3.44 +0.30 +9.6% ASMAK 6.99 +0.40 +6.1% NCC 14.70 +0.70 +5% NGI 8.01 +0.38 +5%

worst stock falls symbol price change TKFL 7.05 -0.78 -10% NCTH 8.60 -0.70 -7.5% TABREED 2.55 -0.14 -5.2% QCEM 3.00 -0.15 -4.8% NMDC 10.10 -0.50 -4.7%

top volume symbol value (AED) price EMAAR 136,166,206 11.50 DFM 80,124,617 5.65 AIRARABIA 70,855,794 1.92 ALDAR 67,125,661 10.55 DIC 58,320,232 5.61

Dubai Financial Market

The DFMGI started the week with a fall of 0.54% to 5548 points on low tunrover of AED 570 million dhs. Only Emaar Properties (EMAAR) saw trading of more than 100m dhs, and bucked the trend by rising 1.3%.

Of the actively traded stocks, AMAN saw the greatest rise with a 4.7% jump to 26.80. Dubai Investments (DIC) up 1.5% and Amlak Finance (AMLAK) up 0.91% were the only other stocks to rise on turnover of more than AED 1 million.

Tabreed (TABREED) plunged 5.2% to 2.55 which may have been related to the record date for dividends but they should have gone ex-dividend on Wednesday last week.

Du Telecom (DU) and Shuaa Capital (SHUAA) were next in the list with notable falls, of 2.2% and 2.1% respectively. Union Properties (UPP) dropped by 2%, Arabtec (ARTC) by 1.7%, Dubai Islamic Bank (DIB) by 1.6%, and the remaining actively traded stocks by 1.5% or less.

Abu Dhabi Securities Market

The ADSM index fell 0.68% to 4644 points from turnover of just AED 337 million, with no stocks trading more than AED 100 million worth. Aldar Properties (ALDAR) was the top by turnover with just AED 67 million worth of deals and a small 0.5% rise to 10.60.

Abu Dhabi Commercial Bank (ADCB) saw the biggest gain in the more actively traded list, with a 2.2% rise to 6.40. RAK Ceramics (RAKCEC) was up by 1.8% and the remaining gainers rose less than 1% or on turnover of less than AED 1 m.

Aabar Petroleum (AABAR) had the most notable fall of 4.4% to 3.51 (dividend information unknown), continuing its unfortunate slide since the approval of the sale of its Pearl Energy subsidiary.

Oasis Leasing (OILC) was down 3% to 2.28 on thin trading, Dana Gas (DANA) fell 2.7%, and Abu Dhabi National Energy (TAQA) down 2.6% making it a fairly unpleasant day for the energy stocks in Abu Dhabi. The rest of the losers fell less than 2% or on low volumes. Etisalat (ETISALAT) was down by 0.84% to 23.55.

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UAE markets 19 Mar 2008

UAE market news & discussions for 19 March 2008 The ADSM index closed 2.15% up in a strong days trading on moderate volumes. ALDAR up over 4% and DANA, FGB and RAKPROP all up over 3% led the charge. Despite a good start the DFM index finished down 0.70%. AIRARABIA and DFM were the top traded share both falling on turnover of 60 million shares traded each. The ADSM signed an agreement with the NYSE Euronext that could lead to the creation of the Gulf's first derivatives exchange. DFM Company Announcements ASCANA: Today, 19/03/2008 is the Ex-dividend date for Arab Scandinavian Insurance shares. DU: Du Telecom: Announces the resolutions of its AGM held on 18/03/2008. DEYAAR: Discloses its audited consolidated financial statements for the year ended 31/12/2007. DFM: On the occasion of the Prophet Birthday it has been decided that Thursday 20/3/2008 Shall be an official holiday for Dubai Financial Market and work will resume on Sunday 23/3/2008. EMAAR: AGM of Emaar Properties is being held today, 19/03/2008 TABREED: Today, 19/03/2008 is the Ex-dividend date for National General Cooling Company shares and trading resumes with the adjusted price. ADSM Company Announcements ADIB: Abu Dhabi Islamic Bank: Announces its BOD meeting results held on March 18, 2008 AGTHIA:Emirates Foodstuff and Mineral Water: Announces its BOD meeting results held on March 18, 2008

• 19 March 2008 ADSM DFM DIFX disclosures & news
• Air Arabia and Tamweel dividends
• Marketwatch DFM March 2008
• Emirates new budget airline - 18 Mar 08
• EMAAR 2007 FY profit AED 6.57 bn +3.1% 16 Jan 2008
• OILC 2007 FY profit +78% to AED 171m - 20 Jan 08
• Ajman Bank IPO - how many shares will I get?
• DP World share price March 2008
• DIFX brokers
• AABAR trading 05 Mar 08
• NBQ 2007 FY profit AED 330m +279% 03 Jan 2008
• NBQ capital increase / rights issue? 18 Mar 08
• DP World - learn from Reliance Power bonus shares 18 Feb 08
• ASCANA 2007 FY profit AED 85m +1,108% 05 Feb 2008
• DP World Global Crown report - EB 11 Mar 08
• NBAD wins court case against casino operator - BB 18 Mar 08
• Where is EMAAR price heading to?
• 18 March 2008 ADSM DFM DIFX disclosures & news
• Insider trades March 2008
• ASNIC 2007 FY profit AED 120m +923% 17 Feb 2008
• ARTC 2007 FY profit +128% to AED 494m - 19 Jan 2008
• DNIR foreign ownership to 25%
• AMLAK 2007 FY profit AED 301m 12 Jan 2008
• AABAR to sell Pearl Energy for AED 3.2 bn? 13 Jan 08
• TAQA 2007 FY profit AED 1bn +106% 31 Jan 2008

More UAE stock market news and discussions...

best stock rises symbol price change TKFL 7.83 +0.71 +10% NBF 4.59 +0.40 +9.5% NBQ 9.28 +0.78 +9.2% ADAVIATION 5.78 +0.46 +8.6% NGI 7.63 +0.36 +5%

worst stock falls symbol price change GRAND 4.04 -0.25 -5.8% ASCANA 2.71 -0.14 -4.9% FCI 6.87 -0.33 -4.6% SHUAA 7.98 -0.26 -3.2% FOODCO 4.56 -0.10 -2.1%

top volume symbol value (AED) price DFM 348,839,382 5.65 ALDAR 348,261,668 10.50 EMAAR 268,266,084 11.35 ADIB 143,493,817 68.70 AIRARABIA 133,660,054 1.95

Dubai Financial Market

The DFM index closed at 5,578 a fall of 0.70% from the previous close. 291 million shares were traded worth 1.3 billion dirhams. Seven shares advanced and eighteen declined.
AIRARABIA and DFM led the trading both finishing down on turnover of 60 million shares each.

Other shares to fall included: Amlak Finance (AMLAK) 4.38 (1.35%), DEYAAR 2.39 (1.23%), Emaar Properties (EMAAR) 11.35 (0.87%), GULFNAV 1.56 (1.26%) and Union Properties (UPP) 4.45 (1.33%).

Shares to rise included: Tabreed (TABREED) 2.69 (1.12%) and Tamweel (TAMWEEL) 6.70 (1.36%).

Abu Dhabi Securities Market

The ADSM index closed at 4,676 a rise of 2.15% from the previous close. 144 million shares were traded worth 981 million dirhams. Thirty one shares advanced and nine declined.
The top traded share was Aldar Properties (ALDAR) rising 4.48% to 10.50 dirhams on turnover of 33 million shares.

Other shares to rise included: Aabar Petroleum (AABAR) 3.54 (0.83%), ADAVIATION 5.78 (8.65%), Dana Gas (DANA) 2.19 (3.30%), First Gulf Bank (FGB) 20.35 (3.85%) and RAK Properties (RAKPROP) 2.42 (3.86%).

FCI 6.87 (4.58%) and Bank Of Sharjah (BOS) 3.02 (0.33%) were amongst the decliners on small volumes.

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UAE markets 18 Mar 2008

UAE market news & discussions for 18 March 2008 The UAE markets continue to mark time as the DFM index closes 0.64% higher and the ADSM index closes 0.51% lower on low volumes. Traders seem cautious as they wait to see whether the Federal Reserve action is successful in restoring confidence and liquidity in the markets. The top traded share on the DFM was itself rising 2.72% to 5.66 dirhams on turnover of 43 million shares. The top traded share on the ADSM was AABAR rising 0.55% to 3.63 dirhams on turnover of 21 million shares. DFM Announcements: ASCANA: Today 18/03/2008, is the last trading date for entitlement to Arab Scandinavian Insurance distributions. DIB: Today, 18/03/2008 is the Ex-dividend date for Dubai Islamic Bank shares and trading resumes with the adjusted price. DU: AGM of Du Telecom is being held today, 18/03/2008. TABREED: Today 18/03/2008, is the last trading date to entitle for National Central Cooling distributions. ADSM Announcements: CIB: Commercial International Bank – Egypt announces the Minutes of its AGM held on March 17, 2008 NBQ: National Bank of Umm Al Qaiwain: Announces the resolutions of its AGM held on March 17, 2008 RAKCC: Ras Al Khaimah Cement Company announces its BOD meeting results held on March 16, 2008

• DP World share price March 2008
• 18 March 2008 ADSM DFM DIFX disclosures & news
• NBQ 2007 FY profit AED 330m +279% 03 Jan 2008
• NBQ capital increase / rights issue? 18 Mar 08
• Marketwatch DFM March 2008
• DP World - learn from Reliance Power bonus shares 18 Feb 08
• ASCANA 2007 FY profit AED 85m +1,108% 05 Feb 2008
• DP World Global Crown report - EB 11 Mar 08
• NBAD wins court case against casino operator - BB 18 Mar 08
• Where is EMAAR price heading to?
• Insider trades March 2008
• ASNIC 2007 FY profit AED 120m +923% 17 Feb 2008
• ARTC 2007 FY profit +128% to AED 494m - 19 Jan 2008
• OILC 2007 FY profit +78% to AED 171m - 20 Jan 08
• DNIR foreign ownership to 25%
• AMLAK 2007 FY profit AED 301m 12 Jan 2008
• AABAR to sell Pearl Energy for AED 3.2 bn? 13 Jan 08
• TAQA 2007 FY profit AED 1bn +106% 31 Jan 2008
• AABAR trading 05 Mar 08
• AAAIC 2007 FY profit AED 210m +14% 30 Jan 2008
• DIC > Emirates Glass 2007 FY profit up 106% - PR 08 Mar 08
• 17 March 2008 ADSM DFM DIFX disclosures & news
• Abyaar listing on DFM
• Abyaar AGM report - PR 16 Mar 08
• ALDAR - Al Mamoura Office Complex open - PR 16 Mar 08

More UAE stock market news and discussions...

best stock rises symbol price change ARIG 3.79 +0.49 +14.8% FBICO 3.15 +0.28 +9.8% NGI 7.27 +0.34 +4.9% NMDC 10.45 +0.40 +4% TKFL 7.12 +0.28 +4.1%

worst stock falls symbol price change ASMAK 6.59 -0.59 -8.2% AWNIC 5.60 -0.45 -7.4% FOODCO 4.66 -0.34 -6.8% ASCANA 2.85 -0.14 -4.7% JULPHAR 2.55 -0.08 -3%

top volume symbol value (AED) price ALDAR 386,708,946 10.05 DFM 241,246,231 5.66 EMAAR 202,023,906 11.45 DIB 103,328,163 9.99 AABAR 78,229,140 3.63

Dubai Financial Market

The DFM index closed at 5,617 a rise of 0.64% from the previous close. 183 million shares were traded worth 902 million dirhams. Twenty shares advanced and four declined.
The top traded share was DFM rising 2.72% to 5.66 dirhams on turnover of 43 million shares.

Other shares to rise included: AIRARABIA 1.98 (2.06%), DEYAAR 2.42 (0.83%), and Emaar Properties (EMAAR) 11.45 (0.88%).

Shares to fall included: Dubai Islamic Bank (DIB) 9.99 (3.00%) and Shuaa Capital (SHUAA) 8.24 (1.55%).

Abu Dhabi Securities Market

The ADSM index closed at 4,578 a fall of 0.51% from the previous close. 118 million shares were traded worth 773 million dirhams. Nineteen shares advanced and twenty declined.
The top traded share was Aldar Properties (ALDAR) falling 0.50% to 10.05 dirhams on turnover of 38 million shares.

Other shares to fall included: Dana Gas (DANA) 2.12 (0.47%), WAHA 2.32 (2.11%), NBS 2.95 (2.64%) and Sorouh Real Estate (SOROUH) 9.86 (0.90%).

Shares to rise included: Aabar Petroleum (AABAR) 3.63 (0.55%), ARKAN 3.78 (1.34%), Abu Dhabi National Energy (TAQA) 3.43 (1.18%) and RAK Cement (RAKCC) 2.03 (0.49%).

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UAE markets 17 Mar 2008

UAE market news & discussions for 17 March 2008 Both UAE markets fell today in line with world stock markets. As liquidity becomes scarce in major markets, money is withdrawn from emerging markets to make up the short fall. The DFM index closed 1.65% down and the ADSM was also down by 1.72%. On the DFM, major trading shares like DFM, EMAAR and DEYAAR all finished down by over 2 per cent. On the ADSM, AABAR and ALDAR were both down over 5 per cent and FGB finished lower by over 4 per cent. ADSM Announcements: AAAIC :Al Ain Ahlia Insurance Announces BOD Meeting Results Held on March 17, 2008 ADAVIATION: Abu Dhabi Aviation Announces BOD Meeting Results Held on March 17, 2008 and the AGM will be Held on April 20, 2008 ALDAR: Increasing Al Dar Properties' Capital DRIVE: Emirates Driving Company discloses financial statements for the year ended 2007 NBS: ADSM Announces Adjustment of Bonus Shares Issued By Sharjah Islamic Bank SOROUH: Sorouh Real Estate establishes Sorouh International Limited an Offshore company TAQA: Abu Dhabi National Energy Company discloses financial statements for the year ended 2007 UNB: ADSM Announces Adjustment of Bonus Shares Issued By Union National Bank DFM Announcements: DIB: Today 17/03/2008, is the last trading date for entitlement to Dubai Islamic Bank distributions. DIC: Dubai Investments announces its BOD meeting to be held on 19/03/2008 DIN: Dubai Insurance announces the resolutions of its AGM held on 16/03/2008 DNIR: Dubai National Insurance and Reinsurance announces the resolutions of its AGM & EGM held on 16/03/2008 MAZAYA: Al Mazaya Holding Company discloses its audited consolidated financial statements for the year ended 31/12/2007

• Marketwatch DFM March 2008
• DIC > Emirates Glass 2007 FY profit up 106% - PR 08 Mar 08
• 17 March 2008 ADSM DFM DIFX disclosures & news
• OILC 2007 FY profit +78% to AED 171m - 20 Jan 08
• Where is EMAAR price heading to?
• Abyaar listing on DFM
• Abyaar AGM report - PR 16 Mar 08
• ALDAR - Al Mamoura Office Complex open - PR 16 Mar 08
• Citi Initiates Buy/High Risk On DFM Co; Target AED8 16 Mar 08
• AABAR trading 05 Mar 08
• UNB share price falls 15% 12 March 2008?
• 14 15 16 March 2008 ADSM DFM DIFX disclosures & news
• Ishraq IPO
• Manazel IPO
• Where is amlak heading?
• Al Qudra IPO
• Iskan IPO
• Al Rayan IPO
• Taqa, Arabtec, Dubai Islamic, Etisalat: Gulf Equity Preview 15 Mar 08
• Etisalat Nigeria starts - 15 Mar 08
• DIFX to list AED 330 bn Iran energy fund? GN 16 Mar 08
• DFM net foreign selling last week - PR 15 March 2008
• TAQA - Shell ExxonMobil deal 14 Mar 08
• ARTC AED 520m villa contract from Emaar - PR 15 Mar 08
• TABREED's Annual General Meeting see new board of directors

More UAE stock market news and discussions...

best stock rises symbol price change NCTH 9.30 +0.84 +9.9% ASMAK 7.18 +0.63 +9.6% TKFL 7.22 +0.60 +9.1% UNION 3.10 +0.18 +6.2% NGI 6.93 +0.33 +5%

worst stock falls symbol price change ARIG 3.30 -0.53 -13.8% INVESTB 3.32 -0.33 -9% FBICO 2.87 -0.24 -7.7% RAPCO 3.75 -0.30 -7.4% AABAR 3.61 -0.20 -5.2%

top volume symbol value (AED) price EMAAR 337,797,044 11.35 DFM 233,101,555 5.51 ALDAR 174,879,232 10.10 DIB 165,223,586 11.85 AIRARABIA 100,142,899 1.94

Dubai Financial Market

The DFM index closed at 5,581 a fall of 1.65% from the previous close. 241 million shares were traded worth 1.2 billion dirhams. Six shares advanced and twenty declined.
The top traded share was AIRARABIA falling 3.96% to 1.94 dirhams on turnover of 50 million shares.

Other shares to fall included: DEYAAR 2.40 (2.43%), DFM 5.51 (2.65%), Dubai Islamic Bank (DIB) 11.85 (2.06%), Emaar Properties (EMAAR) 11.35 (2.57%) and Islamic Arab Insurance (IAIC) 3.20 (1.84%).

Shares to rise included: ARAMEX 2.92 (0.68%) and Shuaa Capital (SHUAA) 8.37 (0.84%).

Abu Dhabi Securities Market

The ADSM index closed at 4,601 a fall of 1.72% from the previous close. 93 million shares were traded worth 585 million dirhams. Eleven shares advanced and twenty nine declined.
The top traded share was Aldar Properties (ALDAR) falling 5.16% to 10.10 dirhams on turnover of 17 million shares.

Other shares to fall included: Aabar Petroleum (AABAR) 3.61 (5.25%), Dana Gas (DANA) 2.13 (3.18%), RAK Properties (RAKPROP) 2.33 (2.51%), First Gulf Bank (FGB) 19.70 (4.37%) and Sorouh Real Estate (SOROUH) 9.95 (2.93%).

Shares to rise included: Abu Dhabi Commercial Bank (ADCB) 6.25 (0.16%) and Union Cement (UCC) 4.09 (4.34%).

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UAE markets 16 Mar 2008

UAE market news & discussions for 16 March 2008 The UAE markets started week with unpleasant falls of over 1% but low trading volumes. There were no standout gainers but several actively traded stocks were down by over 3%, with Aabar Energy the worst of the losers. Abyaar's chairman said in yesterday's AGM that a DFM listing was scheduled for later in 2008. Abyaar listed on the Kuwait Stock Exchange in October 2007. Aldar Properties announced the completion of phase I of the Al Mamoura office complex in Abu Dhabi. Abu Dhabi National Energy (TAQA) is in talks with Shell and ExxonMobil to buy North Sea assets. Taqa 2007 FY results are due to be released tomorrow morning before the market opens. Amlak Finance hold their AGM today to approve a 10% cash dividend and a Sukuk issue. Arabtec holding won a half billion dirham villa construction contract from Emaar Properties. See the full list of disclosures and dates for today and tomorrow in DubaiShareTalk.com, and also the ShareWadi calendar.

• 14 15 16 March 2008 ADSM DFM DIFX disclosures & news
• Taqa, Arabtec, Dubai Islamic, Etisalat: Gulf Equity Preview 15 Mar 08
• AABAR trading 05 Mar 08
• Al Qudra IPO
• Al Rayan IPO
• ALDAR - AED 18 bn Al Dana project - GN 13 Mar 08
• AMLAK 2007 FY profit AED 301m 12 Jan 2008
• ARIG 2007 FY profit falls to AED 87m - PR 14 Feb 08
• ARKAN 2007 FY profit AED 200m +16%, Q4 59m +28% 28 Feb 2008
• ARMX 2007 FY profit forecast +20-30% from 2006
• ARTC AED 520m villa contract from Emaar - PR 15 Mar 08
• DFM - Citi Initiates Buy, Target AED8 16 Mar 08
• DFM net foreign selling last week - PR 15 March 2008
• DIFX to list AED 330 bn Iran energy fund? GN 16 Mar 08
• Etisalat Nigeria starts operations - 15 Mar 08
• Ishraq IPO
• Iskan IPO
• Manazel IPO
• Marketwatch DFM March 2008
• TABREED's Annual General Meeting see new board of directors
• TAQA - Shell ExxonMobil deal 14 Mar 08
• UNB share price falls 15% 12 March 2008?

More UAE stock market news and discussions...

best stock rises symbol price change DRC 17.30 +0.80 +4.8% DRIVE 6.51 +0.14 +2.2% ADNH 9.77 +0.17 +1.8% ALFIRDOUS 2.40 +0.04 +1.7% RAKCEC 4.58 +0.04 +0.9%

worst stock falls symbol price change OEIHC 6.00 -0.39 -6.1% NBS 3.16 -0.18 -5.4% OIC 9.74 -0.51 -5% UCC 3.92 -0.19 -4.6% AABAR 3.81 -0.18 -4.5%

top volume symbol value (AED) price EMAAR 180,109,684 11.65 DFM 146,889,568 5.66 DIB 134,793,132 12.10 ALDAR 93,710,868 10.65 ADIB 68,340,784 68.00

Dubai Financial Market

The DFMGI fell 1.35% to 5675 points on modest trading of AED 838 million with Emaar Properties (EMAAR) down by 2.1% to 11.65, DFM down by 3.25% to 5.66, and Dubai Islamic Bank (DIB) unchanged, seeing the greatest turnover.

Of the 4 gainers, only GGICO up by 0.7% and Tamweel (TAMWEEL) up by 0.45% saw any reasonable trading volumes. All the other actively traded stocks fell between 1.5% and 3% except for Islamic Arab Insurance (IAIC) which was down by 3.55% to 3.26.

Abu Dhabi Securities Market

The ADSM index lost just slightly over 1% to close at 4682 points, with turnover down to AED 426 million. Aldar Properties (ALDAR) topped the traded value list with a 1.4% drop to 10.40.

Out of the 7 gainers, the first 5 traded on less than AED 2.5 million of turnover each. UAB saw greater than usual turnover of AED 26m but a gain of just 0.14% to close at 7.40. Abu Dhabi Islamic Bank (ADIB) was also active but share price crept up by less than 0.1%.

In the loser's list, NBS stood out with higher than usual trading volumes and a 5.4% drop to 3.16. Union Cement (UCC) fell 4.6% to 4.03, Aabar Petroleum (AABAR) had another bad day with a 4.5% fall to 3.78, Oasis Leasing (OILC) fell 4.4% to 2.39, RAK Properties (RAKPROP) dropped 2.39, Dana Gas (DANA) fell 2.65%, Abu Dhabi National Energy (TAQA) 2.5% and the remainder fell less than 2.5%. Etisalat (ETISALAT) managed to keep its head almost above water today with a fall of just 0.62% to 24.00.

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UAE markets 13 Mar 2008

UAE market news & discussions for 13 March 2008 Both the DFM and ADSM gave back the gains from yesteday, finishing the week on a bit of a glum note. There were no standout stocks in either market worth mentioning. The DIFX isn't looking too hot either, with DPW down by 3.7% to 0.79 after a couple of days where it started to look promising. Amlak released their audited financial statements yesterday which showed a massive amount of income from property sales contributing to their 2007 final results. Fourth quarter figures were not supplied but based on calculations from M9 and FY data, it looks like most of that income was booked in Q4. The Amlak chief not so long ago forecast yet another year of stellar growth. They must still have plenty of assets to sell. See the list of disclosures for other items today. Some dates for your diary... Thursday 13 March 2008 ARTC 07FY audited financial statements ALFIRDOUS 07Q3 consolidated financial results DANA 07FY financial results released EIC AGM at 11:00am NBAD convertible notes trading suspended RAKCEC AGM Friday 14 March 2008 ALMADINA 07FY results released (probably not correct) Saturday 15 March 2008 CBI AGM 5:00pm NBAD convertible notes interest payment date Sunday 16 March 2008 AMLAK AGM EGM - 10% cash dividend and sukuk proposed DNIR AGM 35% cash dividend proposed DNIR EGM allow 25% foreign ownership DIN AGM 33.3% dividend proposed FBICO AGM at 11:00am MASQ record date for 07FY dividends? NGI record date for 07FY dividends? RAPCO dividend entitlement / record date? (not confirmed) SCIDC AGM at 10:30am TAQA BOD meeting at 2:00pm - discuss dividends Latest DubaiShareTalk posts

• 13 March 2008 ADSM DFM DIFX disclosures & news
• AABAR trading 05 Mar 08
• Ajman Bank IPO - how many shares will I get?
• ALDAR - AED 18 bn Al Dana project - GN 13 Mar 08
• AMAN 2007 FY profit AED 42m +403% 03 Feb 2008
• AMLAK 2007 FY profit AED 301m 12 Jan 2008
• Cement & steel duties lifted in Dubai - R 12 Mar 08
• DANA - Sharjah gas exploration agreement - PR 12 Mar 08
• DFM Stock Game 2008?
• Illegal company ownership structure can continue till 2009 - GN 12 Mar 08
• Insider trades March 2008
• New UAE foreign ownership law within 6 months - R 12 Mar 2008
• OILC - Waha CEO interview - EB 12 Mar 08
• Qatar denies plan to discuss currency peg - BB 12 Mar 08
• Tamweel ready to repeat 2007 performance
• 12 March 2008 ADSM DFM DIFX disclosures & news

More UAE stock market news and discussions...

best stock rises symbol price change DRIVE 6.37 +0.43 +7.2% ARIG 3.83 +0.23 +6.4% NMDC 9.54 +0.50 +5.5% QCEM 3.40 +0.14 +4.3% NGI 6.60 +0.21 +3.3%

worst stock falls symbol price change WARE 18.00 -2.20 -10.9% ASMAK 6.55 -0.44 -6.3% BOS 3.20 -0.21 -6.2% ADAVIATION 5.41 -0.31 -5.4% NCC 12.55 -0.65 -4.9%

top volume symbol value (AED) price EMAAR 218,655,853 11.90 DFM 124,283,600 5.85 ADIB 122,600,570 67.95 AABAR 86,831,559 3.99 ALDAR 83,225,735 10.80

Dubai Financial Market

The DFM knocked off 1.1% to close at 5754 points for the weekend, with turnover nothing to get excited about at AED 800 million. As usual, Emaar Properties (EMAAR) and DFM were the top 2 stocks by value, falling by 2.1% and 1.5% respectively.

Nothing really stood out in the gainers list today - there were only 4. Arab Insurance Group (ARIG) did well from a handful of insider trades, GGICO was the only gainer rising on more than AED 1 m of turnover, closing at 14.25 - up by 1.8%.

In the loser's list, Islamic Arab Insurance (IAIC) was the worst of the actively traded stocks, heading south by 2.87% to close at 3.38. Union Properties (UPP) and Tamweel (TAMWEEL) each lost 2.1%, Tabreed (TABREED) was down by 2%, Du Telecom (DU) by 1.7%, and the rest by less than 1.5%, except for a handful trading on volumes of less than AED 1 million dhs worth.

Abu Dhabi Securities Market

The ADSM index fell slightly, by 0.7% to 4732 from modest turnover of AED 578 million. Aabar Petroleum (AABAR) led the way down with a 4.3% crash to 3.94 and almost the top turnover of AED 87m. Abu Dhabi Islamic Bank (ADIB) saw the greatest traded value of AED 123m but almost no change in price at 68.80.

Significant gains for DRIVE up 7.2% to 6.50 and National Marine Dredging (NMDC) up 5.5% to 8.92, both stocks seeing turnover greater than usual but still thin compared to the more actively traded stocks, however, none of them could manage any increase at all except for Etisalat (ETISALAT) which was up a mere 0.21% to 24.10.

Apart from Aabar, other losers that stood out were Bank Of Sharjah (BOS) down 6.2% to 3.16 on thin trading, ADAVIATION down 5.4% to 5.45 on relatively active trading, Sorouh Real Estate (SOROUH) down 2.4%, First Gulf Bank (FGB) down 2.1%, RAK Properties (RAKPROP) down 2%, Aldar Properties (ALDAR) down 1.8%, Oasis Leasing (OILC) down 1.6% and the remainder falling by less than 1.5% or on turnover less than AED 1 million.

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.