UAE markets 20 Oct 2008

UAE market news & discussions for 20 October 2008 The UAE markets closed higher today meaning that we have now have two days of positive trading. The DFM index ended 2.95% up at 3310 with the value of shares traded at 1.095 billion dirhams. The ADX index closed at 3520 a rise of 2.15% from the previous close. However the value of shares traded was only 559 million dirhams. On the DFM, trading was dominated by: EMAAR up 6.11% to 5.90 on turnover of 89 million, AIRARABIA up 6.40% to 1.33 on turnover of 71 million and AJMANBANK up 8.90% to 2.08 on turnover of 33 million shares. On the ADX trading was dominated by: ADIB up 6.91% to 4.64 (results below), FGB up 9.57% to 12.65 (limit up), UNB up 9.34% to 5.27 and TAQA up 7.50% to 2.15. Trading seemd more positive and steady so far this week. However with news this morning that ING (The Netherlands biggest bank) was bailed out it remains to be seen how long the confidence will last. RESULTS ADIB 2008Q3 Net Profit Dhs 216.5m up 57.8% from pcp WAHA 2008Q3 Net Profit Dhs 40m up 34% from pcp UAE financial news - latest news from Reuters, Bloomberg and UAE media Sharewadi calendar - important dates Dubai Financial Market On the Dubai Financial Market (DFM), 24 shares advanced and one declined. Gainers included: Amlak Finance Company (AMLAK) 2.30 (3.60%), ARETC 7.67 (4.35%), Dubai Financial Market (DFM) 2.74 (5.38%), Gulf Navigation (GULFNAV) 1.20 (4.34%) and National General Cooling (TABREED) 1.22 (5.17%). Emirates NBD (ENBD) was the only decliner falling 0.85% to 6.94 dirhams. Abu Dhabi Securities Market On the ADX, 24 shares advanced and 13 declined. Gainer included: Abu Dhabi Commercial Bank (ADCB) 3.18 (1.60%), Aldar Properties (ALDAR) 6.05 (2.02%) and Sorouh Real Estate (SOROUH) 5.04 (2.02%). Decliners included: Ras Al Khaimah White Cement (RAKWCT) 1.50 (2.60%), Ras Al Khaimah Cement (RAKCC) 1.87 (2.09%) and Agthia Group (AGTHIA) 1.30 (0.76%).

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

• AMLAK OK now
• Marketwatch DFM ADX October 2008
• SOROUH price (today October 20)
• FGB price direction
• Where is Thaj ?
• KHI share buyback
• Emirates NBD 08Q3 profit +50% expected
• How to invest in gold?
• UAB 08Q3 profit Dh61m +9%
• ADIB 08Q3 profit Dh220m +58%
• Shuaa 08H1 loss AED371m
• A long way down from Financial Times Oct 20,2008
• OILC 08Q3 profit Dh40m +33%
• ADX ETF listings
• RAKWCT 08Q3 profit Dh2.6m -95%
• merger will affect the shares?
• AMLAK 08Q3 profit Dh170m +157%
• Amlak Tamweel Merger
• UAE Stocks on Foreign Markets
• Gulf Capital IPO
• EMAAR 08Q3 profit Dh1.5bn -3%
• ETISALAT 08Q3 profit Dh2.1bn +17%
• RAKCC 08Q3 profit Dh18m +286%
• DEYAAR 08Q3 profit Dh310m +57%
• UAE $19 Billion Injection into Bank Deposits.

best stock rises symbol price change SALAM 16.10 +2.10 +15% FGB 12.60 +1.10 +9.6% UNB 5.27 +0.45 +9.3% BOS 2.83 +0.24 +9.3% UCC 3.98 +0.33 +9%

worst stock falls symbol price change RAKCEC 2.63 -0.29 -9.9% ADSB 3.99 -0.42 -9.5% QCEM 1.71 -0.15 -8.1% DRIVE 6.00 -0.35 -5.5% AKIC 1.73 -0.09 -4.9%

top volume symbol value (AED) price EMAAR 524,526,348 5.90 ALDAR 209,998,026 6.05 SOROUH 112,043,943 5.04 ARTC 111,809,316 7.67 AIRARABIA 93,557,505 1.33

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