UAE markets 26 Oct 2008

UAE market news & discussions for 26 October 2008 Following turmoil in global markets at the end of last week UAE markets fell when they opened this morning. The DFM index closed at 3,102 a fall of 4.74%. Turnover was light with 192 million shares traded for a value of 599 milion dirhams. The ADX index closed at 3,389 a fall of 3.77%. Turnover was 88 million shares traded worth 313 million dirhams. On the DFM, EMAAR 5.62 down 6.33%, ARTC 6.62 down 9.93% and DFM 2.45 down 7.19% lead the trading. On the ADX, FGB 13.50 down 9.10%, ADCB 2.76 down 6.76%, ALDAR 5.20 down 7.31% and ETISALAT 15.30 down 2.55% lead the trading. The Kuwait Government stepped into save Gulf Bank from derivative losses as investors stormed the exchange to express their dismay that stock prices go down as well as up. They want to know what the government was doing about it? Saudi Arabia unveiled plans to make available 10 billion Riyals to low income citizens. Gulf Market tumble sunday: QATAR down 8%, OMAN down 8%, KSA down 3.77%. Meanwhile, all those concerned about inflation in the UAE will be glad to hear that an inflation rate of 7% is predicited in 2009. In a classic case of beware what you wish for, you might not have a job, or much money but at least prices will be rising more slowly! Results Tamweel 2008Q3 Profit 185.7m +37% pcp MASHREQ 2008Q3 Profit 346m -12% pcp UPP 2008Q3 Profit 245m +38% pcp RAKPROP 2008Q3 Profit 103m +287% pcp UAE financial news - latest news from Reuters, Bloomberg and UAE media UAE Q3 results list - latest reports highlighted Sharewadi calendar - important dates Dubai Financial Market On the Dubai FM, 2 shares rose and 27 declined. Decliners included: Air Arabia (AIRARABIA) 1.25 (4.58%), Ajman Islamic Bank (AJMANBANK) 1.97 (5.28%), Deyaar Development (DEYAAR) 1.19 (5.55%), Tamweel Finance (TAMWEEL) 2.19 (6.80%) and Union Properties (UPP) 2.08 (4.58%). No shares gained on signifiacant volume Abu Dhabi Securities Market On the ADX, 6 shares advanced and 30 declined. Decliners included: Union National Bank (UNB) 5.07 (8.81%), Dana Gas (DANA) 1.07 (1.83%) and Arkan Building Materials (ARKAN) 5.57 (2.90%). No shares gained on signifiacant volume.

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

• Money creation
• TAMWEEL 08Q3 results press release
• UPP 2008Q3 results
• Marketwatch DFM ADX October 2008
• Emaar share buyback
• 2008 Q3 financial results UAE
• 2008 Q2 UAE financial results
• RAKPROP 08Q3 profit Dh100m +287%
• Online Trading on International Stock Exchanges
• Real Estate Price Correction Impact on the Stock Market
• ENBD 08Q3 profit Dh1bn +56%
• DFM foreign selling Dh368m last week
• Ownership of Stock Exchanges
• Al Aman listing DFM
• DP World buyback
• Worldwide markets crashed!
• SKF Shares
• IAIC Salama share buyback
• Not a bad week
• Abyaar DFM listing
• Jazeera Steel 08Q2 chairman's report
• NIH secondary listing DFM
• Burgan DFM listing
• Macro Analysis
• American Stock Exchange Has Been Acquired

best stock rises symbol price change EKTTITAB 2.08 +0.23 +12.4% SICO 5.45 +0.48 +9.7% SCIDC 3.99 +0.30 +8.1% ADNH 5.24 +0.34 +6.9% BILDCO 3.81 +0.16 +4.4%

worst stock falls symbol price change DRIVE 5.40 -0.60 -10% NCTH 9.81 -1.09 -10% SALAM_BAH 1.44 -0.16 -10% TKFL 8.13 -0.90 -10% ARTC 6.62 -0.73 -9.9%

top volume symbol value (AED) price EMAAR 259,284,494 5.62 ALDAR 104,914,610 5.20 ARTC 91,211,918 6.62 ETISALAT 50,429,785 15.30 DFM 45,551,771 2.45

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