UAE markets 21 Oct 2008

UAE market news & discussions for 21 October 2008 UAE markets continued to rise today. Despite a promising start the DFM index fell for most of the day but still managed to end up 1.22% at 3351. The ADX held onto its early gains closing 3.75% up at 3652. The value of trading was up with a little over 1.5 billion dirhams worth of shares traded on the DFM and 600 million on the ADX. On the ADX, the banks did well lead by ADIB up 7.54% and FGB up 9.52% (limit up again, profit result below) and realestate was also up, both ALDAR 3.64% and SOROUH 4.37% closed higher. On the DFM, EMAAR was up for a third day closing 2.71% higher at 6.06 dirhams on turnover of over 100 million shares. DFM also did well closing 2.91% higher at 2.82 dirhams on turnover of 56 million shares. ARTC statred well but closed 2% lower at 7.51 dirhams at the end of trade. TAMWEEL and AMLAK reported progress in merger talks and it was reported some sort of limited banking licence might be forthcoming in the future. The ability to take deposits will be very important in the future as the wholesale money markets remain uneconomic. RESULTS: DFM 2008Q3 profit Dhs 220m +88% from pcp NBAD 2008Q3 profit 650m +13% from pcp FGB 2008Q3 profit 370m +68% from pcp UAE financial news - latest news from Reuters, Bloomberg and UAE media Sharewadi calendar - important dates Dubai Financial Market On the Dubai FM, 14 shares advanced and 11 declined. Gainers included: Air Arabia (AIRARABIA) 1.34 (0.75%), Deyaar Development (DEYAAR) 1.30 (2.36%), Dubai Islamic Bank (DIB) 5.14 (2.59%) and Tamweel Finance (TAMWEEL) 2.53 (0.79%). Decliners included: Dubai Investment Company (DIC) 2.25 (0.88%), Gulf Navigation (GULFNAV) 1.19 (0.74%) and Islamic Arab Insurance (IAIC) 1.33 (0.74%). Abu Dhabi Securities Market On the ADX, 33 shares advanced and 5 declined. Gainers included: WAHA 1.35 (6.30%), Aabar Energy (AABAR) 3.36 (5.00%), Dana Gas (DANA) 1.17 (1.74%) and Emirates Telecom (ETISALAT) 16.05 (3.55%). No shares fell on significant volumes.

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

• Jumbo IPO
• Marketwatch DFM ADX October 2008
• Drake & Scull listing date
• DFM 08Q3 profit Dh220m +88%
• NBAD 08Q3 profit Dh650m +13%
• Tribute to LaLa - LOL
• FGB 08Q3 profit Dh850m +68%
• MAZAYA 08Q3 profit Dh370m +189%
• Al Dar crumbling
• Amlak Tamweel bank merger
• Al Salam Bank Algeria
• AA purchase today very below 1.10
• Where is Thaj ?
• EMAAR 08Q3 profit Dh1.5bn -3%
• Website and forum updates
• How to invest in gold?
• AMLAK OK now
• SOROUH price (today October 20)
• FGB price direction
• KHI share buyback
• Emirates NBD 08Q3 profit +50% expected
• UAB 08Q3 profit Dh61m +9%
• ADIB 08Q3 profit Dh220m +58%
• Shuaa 08H1 loss AED371m
• A long way down from Financial Times Oct 20,2008

best stock rises symbol price change FCI 5.32 +0.48 +9.9% UNB 5.79 +0.52 +9.9% SHUAA 3.35 +0.30 +9.8% FOODCO 3.59 +0.32 +9.8% ADSB 4.38 +0.39 +9.8%

worst stock falls symbol price change GLOBAL 11.25 -1.20 -9.6% GRAND 1.55 -0.10 -6.1% TAKAFUL-EM 2.60 -0.10 -3.7% OEIHC 3.01 -0.08 -2.6% ALFIRDOUS 1.55 -0.04 -2.5%

top volume symbol value (AED) price EMAAR 636,898,519 6.06 ALDAR 208,629,372 6.27 DFM 163,742,145 2.82 ARTC 159,829,271 7.51 SOROUH 121,106,676 5.26

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