UAE markets 28 Oct 2008

UAE market news & discussions for 28 October 2008 After a positive lead in Asian trading, the UAE market finally decides to decouple. The DFM index managed a small rise of 0.32% after spending most of the trading session in the red. The ADX was worse falling 1.31% to 3,278. Volume traded on the DFM was just over 800 million dirhams and on the ADX an anemic 380 million dirhams. On the DFM, EMAAR topped trading climbing 3.52% to Dhs 5.28 as traders continued to digest news of the start of the share buy back. Despite announcing the buy back of 10% of its shares yesterday SHUAA closed steady at Dhs 2.68. Is the investment banking model dead and does SHUAA now need to consider applying for a banking licence? on the ADX, Contruction down 5.13%, Consumer down 3% and Energy down 3% lead the trading. Stocks to fall the most included: AABAR 7.77%, TAQA 3%, DRIVE 10%, ARKAN 6.88%, RAKCC 6.17%. ALDAR closed up 0.81% RESULTS DIB 08Q3 profit 430m +10% pcp QCEM 08Q3 loss 38m -290m pcp RAKNIC 08Q3 profit 2.3m -67% 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 Financial Market 13 stocks advanced and 13 declined. Stocks to gain included: Tamweel Finance (TAMWEEL) 2.01 (1.51%), Dubai Investment Company (DIC) 1.93 (1.57%), Dubai Financial Market (DFM) 2.29 (0.43%) and Air Arabia (AIRARABIA) 1.19 (3.47%). Stocks to decline included: Arabtec (ARTC) 5.78 (3.02%), National General Cooling (TABREED) 1.09 (0.90%) and Union Properties (UPP) 2.00 (0.49%). Abu Dhabi Securities Market On the ADX 8 stocks advanced and 29 declined. Stocks to gain included: Abu Dhabi Commercial Bank (ADCB) 2.76 (1.47%) and Emirates Telecom (ETISALAT) 15.45 (0.65%) Stocks to decline included: All construction from 0.71% to 9% down All consumer up to 10% down All energy up to 7% down, and; All the banks except for Abu Dhabi Commercial Bank (ADCB) and Bank of Sharjah (BOS).

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

• Aramex 08Q3 results press release
• Shuaa share buyback
• can i change brokers?
• Marketwatch DFM ADX October 2008
• AMLAK OK now
• SKF Shares
• Cheap!!!Cheap!!!Cheap gateway ON SALE @ SpeedVoIP
• RAKNIC 08Q3 profit Dh2.3m -67%
• QCEM 08Q3 loss Dh-38m -290%
• What happend to tamweel...
• RAKCEC 08Q3 profit Dh54m +68%
• Aldar revenue recognition
• Al Dar crumbling
• TABREED October price
• Emaar share buyback
• DIB 08Q3 profit Dh430m +10%
• DIB new CEO
• ALDAR 08Q3 profit Dh760m +50%
• GLOBAL 08Q3 profit Dh280m +36%
• Share buybacks for UAE stocks
• The hazards of the stock market
• NIH secondary listing DFM
• OEIHC 08Q3 loss Dh-110m -307%
• UIC 08Q3 loss Dh-3.1m -166%
• EIC 08Q3 profit Dh12m -48%

best stock rises symbol price change TKFL 8.80 +0.80 +10% GMPC 5.38 +0.51 +10.5% TAKAFUL-EM 2.28 +0.18 +8.6% AMAN 1.77 +0.10 +6% AJMANBANK 1.90 +0.10 +5.6%

worst stock falls symbol price change DRIVE 4.86 -0.54 -10% ASMAK 29.70 -3.25 -9.9% EKTTITAB 1.70 -0.18 -9.6% SCIDC 3.31 -0.33 -9.1% AABAR 2.73 -0.23 -7.8%

top volume symbol value (AED) price EMAAR 343,000,057 5.28 ALDAR 175,540,694 4.95 ARTC 146,587,838 5.78 SOROUH 70,223,087 3.85 DFM 55,580,972 2.29

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.