UAE markets 30 Oct 2008

UAE market news & discussions for 30 October 2008 A mixed result on UAE markets today as Asian markets continued to rally. The value of shares traded on the DFM was 442 million dirhams and on the ADX, 260 million dirhams. This volume remains subdued and suggests investors are still wary of taking positions despite the apparent bargains on offer. The DFM index closed 0.85% higher at 2,942. EMMAR up 2.69% and ARTC up 4.66% lead the way. The ADX index closed 0.73% lower at 3,326. The market was lead lower mostly by the banking sector with ADCB down 6%, SIB down 4.29% and FGB down 0.42%. RESULTS ABNIC 08Q3 profit Dh21m -7% pcp SCIDC 08Q3 profit Dh69m 0% pcp EIB 08Q3 profit Dh120m +81% 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 10 declined. Stocks to rise included: Air Arabia (AIRARABIA) 1.21 (1.68%) and Deyaar Development (DEYAAR) 1.15 (2.67%). Stocks to fall included: Ajman Islamic Bank (AJMANBANK) 1.94 (1.02%), Dubai Financial Market (DFM) 2.22 (1.33%) and Dubai Islamic Bank (DIB) 4.10 (0.24%). Abu Dhabi Securities Market On the ADX 12 stocks rose and 21 declined. Stocks to rise included: most of the cement companies had a good day rising between 2% and 6%. Aldar Properties (ALDAR) was also up by 1.95%. Stocks to fall included: Ras Al Khaimah Properties (RAKPROP) 1.05 (2.78%), Sorouh Real Estate (SOROUH) 3.90 (2.50%) and Dana Gas (DANA) 1.05 (2.78%).

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

• DANA Credit-Suisse report
• DIC 08Q3 profit Dh630m +137%
• Marketwatch DFM ADX October 2008
• ASMAK 08Q3 loss Dh-3.4m -300%
• ABNIC 08Q3 profit Dh21m -7%
• DIC > M'Sharie private placement
• Passport buys 12% of Shuaa
• SCIDC 08Q3 profit Dh69m 0% change
• FTC 08Q3 loss Dh-0.23m -148%
• EMAAR performance
• Real Estate Price Correction Impact on the Stock Market
• EIB 08Q3 profit Dh120m +81%
• FGB share buyback
• SKF Shares
• RAKNIC 08Q3 profit Dh2.3m -67%
• JULPHAR 08Q3 profit Dh10m -76%
• FCI 08Q3 profit Dh56m +19%
• FBICO 08Q3 profit Dh10m -1%
• RAPCO 08Q3 profit Dh4.8m +607%
• DHAFRA 08Q3 profit Dh6.4m -45%
• AAAIC 08Q3 profit Dh110m +385%
• GULFNAV 08Q3 profit Dh44m +114%
• Gulf Navigation acquisitions
• AGTHIA 08Q3 profit Dh16m +78%
• Abu Dhabi 60 IPOs coming

best stock rises symbol price change ADAVIATION 2.58 +0.23 +9.8% AKIC 1.58 +0.13 +9% GCEM 3.90 +0.24 +6.6% RAKCC 1.64 +0.10 +6.5% SALAM_BAH 1.45 +0.08 +5.8%

worst stock falls symbol price change UNION 3.78 0.42 12.5% ALSALAMSUDAN 2.88 0.31 12.1% TKFL 8.10 0.70 9.5% UNB 4.22 0.28 7.1% ADCB 2.64 0.17 6.9%

top volume symbol value (AED) price EMAAR 187,716,888 5.34 ALDAR 97,597,092 5.22 ARTC 49,207,837 5.85 SOROUH 38,933,504 3.90 AIRARABIA 36,758,391 1.21

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