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 |
Read moreOn DawnNews
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