UAE markets 16 Sep 2008

UAE market news & discussions for 16 September 2008 A bit of green seen in Abu Dhabi today with a 0.42% increase to 3770 points and turnover up to AED 1.17 billion, but in Dubai the markets continued to tumble with a 2.2% fall to 3954 points and turnover of AED 1.1 billion. On the DIFX, DP World has bounced back by 5.7% to $0.56 so far today, and Depa is off by 1.9% at $1.01. Dubai Financial Market Emaar Properties (EMAAR) was top of the turnover list with AED 378m worth and a small loss of 1.1% to 7.13, although it hit an intra-day low of 6.65. Three other stocks saw more than AED 100m worth of turnover, Arabtec (ARTC) down 4.3%, DFM down 5.5%, and TAKAFUL_EM up 2.0%. The only other gainers of note were Union Properties (UPP) up 3.9% on solid trading and Du Telecom (DU) up 2.2% on thin trading. Shuaa Capital (SHUAA) had another nasty day with a 10.9% loss to finish at 4.00. Tamweel (TAMWEEL) and Emirates NBD (ENBD) fell 5.0%, Dubai Investments (DIC) 4.2% and the rest of the more active stocks had falls of 1%-4%. Abu Dhabi Securities Exchange In Abu Dhabi, Aldar Properties (ALDAR) saw greater turnover than Emaar but had a small gain of 1.1% to close at 7.12. METHAQ was also heavily traded with over AED 300m of turnover and rose 3.4% to 8.37. Sorouh Real Estate (SOROUH) was the only other stock trading more than AED 100m and rose 3.5% to 5.60. Etisalat (ETISALAT) was the most notable gainer with a 3.6% increase to 15.45. The remaining stocks in the green rose less than 3% or on minimal trading volumes. Julphar (JULPHAR) stood out in the loser's list with a hefty drop of 8.2% to 2.15 on greater than usual activity, First Gulf Bank (FGB) also stood out with a 5.6% fall to 15.35 on busy turnover, Abu Dhabi Commercial Bank (ADCB) was down 4.7% but on much lighter trading, and the remainder fell less than 3% or on thin trading. Latest UAE stock news

• Marketwatch DFM ADX September 2008
• DP World 55 cent
• National Bank of Dubai Securities
• Emaar announces share buyback
• TAMWEEL price forecast update
• Al Dar crumbling
• SKF Shares

More UAE stock market news and discussions...

best stock rises symbol price change GRAND 2.30 +0.30 +15% EKTTITAB 2.41 +0.31 +14.8% DRIVE 5.99 +0.54 +9.9% TKFL 6.91 +0.62 +9.9% ADSB 4.23 +0.36 +9.3%

worst stock falls symbol price change ARIG 2.94 -0.51 -14.8% SHUAA 4.00 -0.49 -10.9% NCTH 12.00 -1.30 -9.8% AKIC 1.96 -0.21 -9.7% SICO 5.30 -0.55 -9.4%

top volume symbol value (AED) price ALDAR 439,675,936 7.09 EMAAR 378,489,369 7.13 METHAQ 315,876,336 8.19 SOROUH 187,196,710 5.56 ARTC 151,380,210 11.25

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