UAE markets 22 Oct 2008

UAE market news & discussions for 22 October 2008 After three days of rises the UAE markets hit the skids today. The DFM index opened lower and fell for the rest of the day closing 4.24% down at 3209. The ADX lost ground also closing down 1.58% at 3595. The value of trading was lower than the previous days with a little over Dh700 million worth of shares traded on the DFM and Dh467 million on the ADX. On the DFM, EMAAR and ARTC were big losers of the day, both down over 5% on strong volumes of shares traded. This was despite good results being released by ARTC before the market opened. See below. On the ADX, FGB closed limit up again after releasing some good reults. However realestate, ALDAR, SOROUH and RAKPROP were all down over 5%. In contrast to FGB, investors did not like the ADCB results with the stock down over 7% at the close. RESULTS ADCB 2008 Q3 Profit 450m -20% from pcp ARTC 2008 Q3 Profit 260m +51% from pcp SOROUH 2008 Q3 Profit +253% from pcp UAE financial news - latest news from Reuters, Bloomberg and UAE media Sharewadi calendar - important dates Dubai Financial Market On the Emirates Integrated Telecommunications (DU)BAI FM, 2 shares advanced and 25 declined. Decliners included: Air Arabia (AIRARABIA) 1.29 (3.73%), Ajman Islamic Bank (AJMANBANK) 1.98 (6.60%), Tamweel Finance (TAMWEEL) 2.60 (1.88%) and Amlak Finance Company (AMLAK) 2.17 (5.65%). Islamic Arab Insurance (IAIC) 1.37 (3.00%) was the only gainer on significant volume. Abu Dhabi Securities Market On the ADX. 9 shares advanced and 31 declined. Decliners included: Aabar Energy (AABAR) 3.22 (4.17%), Dana Gas (DANA) 1.11 (5.13%), Ras Al Khaimah Cement (RAKCC) 1.88 (3.09%) and Methaq Islamic Insurance (METHAQ) 7.53 (3.83%). Gainers included: Abu Dhabi National Building Materials (BILDCO) 3.72 (3.62%) and Union National Bank (UNB) 6.00 (3.63%).

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• Marketwatch DFM ADX October 2008
• Macro Analysis
• SOROUH 08Q3 profit Dh770m +253%
• Drake & Scull listing date
• ARTC 9M Profit Dhs 761m (122%)
• Sorouh 9M Profit 1.74B, 3Q 760m (300%)
• ENBD 08Q3 profit Dh1bn +56%
• NBS 08Q3 profit Dh95m +88%
• Axis of gas
• INVESTB 08Q3 profit Dh29m -63%
• QTEL 08Q3 profit Dh660m +58%
• Two European Stock Exchanges Have Been Acquired
• American Stock Exchange Has Been Acquired
• GMPC 08Q3 profit Dh7.2m -24%
• BILDCO 08Q3 profit Dh28m +2,140%
• ARTC 08Q3 profit Dh260m +51%
• DFM 08Q3 profit Dh220m +88%
• UAE Stocks on Foreign Markets
• QLD and SPY
• FGB price direction
• ADCB 08Q3 profit Dh450m -21%
• ADCB new chairman
• Jumbo IPO
• NBAD 08Q3 profit Dh650m +13%
• Tribute to LaLa - LOL

best stock rises symbol price change ALMADINA 5.40 +0.70 +14.9% RAKCEC 2.85 +0.22 +8.4% FGB 14.75 +0.95 +6.9% ADAVIATION 2.75 +0.11 +4.2% UNB 6.00 +0.21 +3.6%

worst stock falls symbol price change OEIHC 2.71 -0.30 -10% TAMWEEL 2.30 -0.23 -9.1% ADNH 4.74 -0.43 -8.3% SHUAA 3.08 -0.27 -8.1% ARMX 1.61 -0.14 -8%

top volume symbol value (AED) price EMAAR 296,176,484 5.74 FGB 126,611,277 14.75 ARTC 99,761,384 7.00 ALDAR 86,346,510 5.95 DFM 70,974,815 2.60

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