UAE markets 19 Oct 2008

UAE market news & discussions for 19 October 2008 A fairly mundane trading day on UAE markets today. In the context of the last two weeks we will call this positive. The DFM index ended 0.37% up at 3215 with the value of shares traded at 943 million dirhams. The ADX index closed at 3446 a rise of 2.38% from the previous close. However the value of shares traded was only 451 million dirhams. EMAAR lead the trading on the DFM closing up 0.72% with 64 million shares traded. Results released after trading headlined by a Dhs 750 million write off but a good result anyway. DIB was in the news as it was confirmed their ex CEO was now being detained to enable him to better help police with their enquiries. The share price was down 3.2% in early trading but recovered to close down 0.80% SHUAA ended down 8.49% as the market digested the H12008 results. The company blamed mark to market accounting, the credit crisis and exposure to Lehman Brothers. Apparently it was all a big surprise. On the ADX, ETISALAT lead the way closing up 3.70% on turnover of 2.5 million shares traded. RESULTS ETISALAT 2008 Q3 Net Profit Dhs 2.1 billion up 19% from pcp. EMAAR 2008 Q3 Net Profit Dhs 2.28 billion up 45% from pcp. After write off of Dhs 750 million this result comes back to Dhs 1.5b SHUAA 2008 H1 Net loss of Dhs 371.1 million UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market On the Dubai Financial Market (DFM) 16 shares advanced and 11 declined. Gainers included: Air Arabia (AIRARABIA) 4.16%, Ajman Islamic Bank (AJMANBANK) 5.52%, Dubai Financial Market (DFM) 2.36%, Deyaar Development (DEYAAR) 2.47%, Gulf Navigation (GULFNAV) 2.67% and Emarat Takaful Insurance (TAKAFUL-EM)ARAT 1.92%. Decliners included: Tamweel Finance (TAMWEEL) 1.63%, Union Properties (UPP) 1.88%, Islamic Arab Insurance (IAIC) 0.76%, Emirates NBD (ENBD) 2.50% and Amlak Finance Company (AMLAK) 0.44%. Abu Dhabi Securities Market On the ADX, 20 shares advanced and 16 declined. Gainers included: Abu Dhabi Commercial Bank (ADCB) 8.30%, First Gulf Bank (FGB) 7.98%, Abu Dhabi National Energy (TAQA) 8.11%, Dana Gas (DANA) 3.67% and Emirates Telecom (ETISALAT) 3.70%. Decliners included: Aldar Properties (ALDAR) 1.17%, Arkan Building Materials (ARKAN) 1.69% and Methaq Islamic Insurance (METHAQ) 1.81%.

UAE stock market news and discussions at Dubai Share Talk ...

• EMAAR 08Q3 profit Dh1.5bn -3%
• AMLAK 08Q3 profit Dh170m +157%
• Marketwatch DFM ADX October 2008
• ETISALAT 08Q3 profit Dh2.1bn +17%
• Amlak Tamweel Merger
• RAKCC 08Q3 profit Dh18m +286%
• Shuaa 08H1 loss AED371m
• DEYAAR 08Q3 profit Dh310m +57%
• UAE $19 Billion Injection into Bank Deposits.
• DIB ex-CEO arrested
• Foriegn limit
• What Dr. Marc Faber well said....
• market updates
• Importance of VIX
• SKF Shares
• Firn a.s.
• UAE Stocks on Foreign Markets
• Dubai property reports
• DFM foreign selling Dh471.3 last week
• Credit Suisse UAE property report
• Salam Bank Bahrain 08Q3 profit Dh72m +122%
• GGICO 08Q3 profit Dh110m +23%
• USA economy & $
• Cityscape 2008
• Dubai Islamic Bank Shariah compliant?

best stock rises symbol price change GGICO 7.98 +0.63 +8.6% NBAD 12.45 +1.00 +8.7% ADCB 3.13 +0.24 +8.3% TAQA 2.00 +0.15 +8.1% FGB 11.50 +0.85 +8%

worst stock falls symbol price change GRAND 1.65 -0.29 -14.9% ADSB 4.41 -0.49 -10% RAPCO 2.91 -0.29 -9.1% FOODCO 3.00 -0.28 -8.5% SHUAA 2.91 -0.27 -8.5%

top volume symbol value (AED) price EMAAR 365,636,575 5.56 ALDAR 167,568,439 5.93 SOROUH 92,516,395 4.94 ARTC 76,613,395 7.35 AIRARABIA 70,973,256 1.25

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