UAE Markets on 19th March

EMIRATES SECURITIES MARKET
As on 19th Mar 2006


There was a fall in number of transactions. After the large volumes recorded yesterday today’s trading was subdued. DFM slid from the peak of 701.44 to close at 654.94.

Dubai Islamic Bank has extended the last date for applying to its rights issue till April 10.

Market Cap
Market Cap in UAE both exchanges included stood at AED 693 billion 0.11% lower than that of 18th Mar.


Outlook
Saudi Arabian markets are setting the direction for markets in Middle East including UAE. Government interference only props the market temporarily. Saudi Arabia TASI could slide till 13000 though the fall will not be straight. Trading opportunities would arise. This fall could create weakness in UAE Markets going forward.

Company Name Closing Price Change Ratio

• Dubai Islamic Bank 14.5 0.35%
• Abu Dhabi Islamic Bank 104 -1.89%
• Sharjah Islamic Bank 3.8 2.98%
• Abu Dhabi Com Bank 8.97 0.00%
• First Gulf Bank 15.55 0.65%

Company Name Closing Price Change Ratio

• Emaar Properties 16.6 -1.78%
• Amlak Finance 7.08 1.14%
• Arab Logistics 3.83 6.39%
• Dubai Investment 7.69 4.77%
• TABREED 3.98 1.27%

Company Name Closing Price Change Ratio

• DANA Gas 3.00 6.76%
• National Energy-TAQA 3.55 -0.84%
• Gulf Cement Co. 13.9 6.51%
• RAK Cement 2.95 -0.67%
• AGTHIA 2.24 -4.68%