DUBAI, May 7: United Arab Emirates stocks ended the week lower, as investors pocketed profits days after the Gulf state’s bourses hit all-time highs, analysts said on Friday. The drops came after a year-long bull run, buoyed by record crude oil prices that have fuelled rapid growth and strong corporate results in the small oil-rich country.
The Dubai bourse index closed the week to Thursday at 787.5 points, down nearly 4 per cent from a week earlier, after dropping from the all-time high near 876 points reached on Monday. In the capital Abu Dhabi, the stock market index closed at 5,659.9 points, down more than 8 per cent from the previous week, after slipping from a lifetime high of 6,266 points on Monday.
The two markets are still up 79 per cent and 84 per cent, respectively, since the beginning of the year.—Reuters
KSE CLOSURE OF BOOKS & AGM | |||||
Company | From | To | Dividend Bonus/Right | Commence-ment of Spot | AGM/EOGM |
Kot Addu Power Co. | — | 12/5/2005 | 35% (i) | — | — |
Allwin Engineering | — | 12/5/2005 | — | — | 12/5/2005 |
Azgard Nine | — | 12/5/2005 | — | — | 12/5/2005 |
Crescent Textile | — | 14-05-2005 | — | — | 14-05-2005 |
Jubilee Spinning | — | 14-05-2005 | — | — | 14-05-2005 |
Essa Cement Ind. | 10/5/2005 | 19-05-2005 | 200% R | — | — |
1st National Equities | 10/5/2005 | 16-05-2005 | 10% (i) | — | — |
Rafhan Maize Products | 10/5/2005 | 17-05-2005 | 70% (i) | — | — |
Escorts Inv. Bank | 10/5/2005 | 16-05-2005 | 15% (i) | — | — |
United Dist. | 11/5/2005 | 17-05-2005 | — | — | 17-05-2005 |
Pakistan Refinery | 12/5/2005 | 24-05-2005 | — | — | 24-05-2005 |
Security Leasing Corp. | 12/5/2005 | 18-05-2005 | 25% B (i) | — | — |
Engro Chemical | 13-05-2005 | 27-05-2005 | — | — | 27-05-2005 |
Atlas Battery | 13-05-2005 | 20-05-2005 | — | — | 20-05-2005 |
Crescent Standard Mod | 14-05-2005 | 21-05-2005 | 100% R | 9/5/2005 | — |
Attock Refinery | 18-05-2005 | 25-05-2005 | 20% B (i) | 11/5/2005 | — |
Crescent Steel | 18-05-2005 | 24-05-2005 | 10% (i) | 11/5/2005 | — |
Shams Textile | 18-05-2005 | 24-05-2005 | — | — | 24-05-2005 |
Packages Ltd. | 19-05-2005 | 25-05-2005 | — | — | 25-05-2005 |
United Insurance | 20-05-2005 | 27-05-2005 | 30% R | 13-05-2005 | — |
Hajra Textile | 20-05-2005 | 27-05-2005 | 100% R | 13-05-2005 | — |
P.I.C.I.C. | 21-05-2005 | 28-05-2005 | — | — | 28-05-2005 |
Dawood Hercules | 22-05-2005 |
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