UAE markets 21 Sep 2008

UAE market news & discussions for 21 September 2008 UAE markets soared today after news on Friday that the US government announced measures to alleviate the financial crisis. The DFM was up a massive 10% to 4310 points and turnover jumped to AED 2.6 billion, with Emaar Properties at the top of the gainers list (15% limit up) and the turnover table. The ADX had a big 5.9% gain to 3949 with turnover just shy of AED 1 billion. Dubai Financial Market Emaar Properties (EMAAR) traded over AED 700m worth of stocks and closed at 8.05. Other stocks to rise more than 10% and trade more than AED 100m included AJMANBANK, Union Properties (UPP), DFM, Arabtec (ARTC), DIB, AIRARABIA, and Tamweel (TAMWEEL). Most other actively traded stocks were up by more than 10%. There were only 3 losers and 2 stocks trading unchanged, all from trading of only 1 or 2 small deals each. Abu Dhabi Securities Market In Abu Dhabi, Sorouh Real Estate (SOROUH), First Gulf Bank (FGB), and Aldar Properties (ALDAR) rose almost 10% on turnover of more than AED 100m. Abu Dhabi Commercial Bank (ADCB) was up over 9% on lower trading, RAK Properties (RAKPROP) and Aldar Properties (ALDAR) rose more than 8%. Etisalat (ETISALAT) was up 7.6% to 17.05, National Bank of Abu Dhabi (NBAD) 7.0% to 16.00, and most other actively traded stocks were up by 5-8%. ARKAN was the most heavily traded stock with AED 205 million of turnover but rose only 2.5%. There were only 6 losers, none trading significant quantities except for Sharjah Cement (SCIDC) which fell 4% on turnover of a still light AED 1.4 million. UAE latest market news

• Marketwatch DFM ADX September 2008
• Tabreed change in management with change in strategy
• Where is amlak heading?
• Net Foreign Sell of AED 724.5 Million
• Stocks head for rally after word of gov't plan
• World markets soar on possible US rescue package
• Should I sell?

More UAE stock market news and discussions...

best stock rises symbol price change EMAAR 8.05 +1.05 +15% DIB 6.26 +0.81 +14.9% DFM 3.56 +0.46 +14.8% SHUAA 4.65 +0.60 +14.8% ALSALAMSUDAN 3.97 +0.51 +14.7%

worst stock falls symbol price change FCI 5.12 -0.56 -9.9% QCEM 2.58 -0.27 -9.5% QTEL 150.00 -8.00 -5.1% OEIHC 3.80 -0.20 -5% OIC 10.00 -0.50 -4.8%

top volume symbol value (AED) price EMAAR 726,561,423 8.05 AJMANBANK 258,849,451 2.89 UPP 256,701,651 3.37 DFM 227,685,686 3.56 ARTC 213,306,092 13.30

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