UAE markets 04 Nov 2008

UAE market news & discussions for 04 November 2008 A steady days trading on both UAE markets today ahead of the US election tonight. The Reserve Bank of Australia announced a greater than expected interest rate cut of 75 points, perhaps pointing to greater than expected easings at the ECB and Bank of England later in the week. However, cheaper money usually points to slowing economic growth. The DFM rose 0.29% to 2915, with the value of shares traded at 427 million dirhams. Trading was steady but subdued with no real standout stocks or sectors. EMAAR lead the trading in both volume and value closing 2% up at Dhs 5.33. TAKAFUL EMARAT and HOUSE were up again closing 4.5% and 13% higher respectively. The biggest loser on the day was ENBD falling 3.3% to a 52 week low of Dhs 5.85. The ADX rose 0.81% to 3,384, with the value of shares traded at 238 million dirhams. The banking sector was mostly positive with all banks except two recording a gain. FGB announced a 10% buy back and an incentive scheme for employees. The shares closed up 1.6% at Dhs 12.40. ALDAR also closed up by 4.7% to 5.53 dirhams. Despite a good profit result ADSB closed down 9.98% at 4.43 dirhams. RESULTS ADSB 08Q3 profit Dh28m +173% Agility 08Q3 profit Dh480m -15% 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, 17 shares advanced and 9 declined. Among the gainers included: Air Arabia (AIRARABIA) up 0.83%, Ajman Islamic Bank (AJMANBANK) up 0.51%, Arabtec (ARTC) up 1%, Dubai Financial Market (DFM) up 0.88% and Union Properties (UPP) up 2% Decliners included: National General Cooling (TABREED) down 0.89%, Islamic Arab Insurance (IAIC) down 0.79% and Dubai Islamic Insurance (AMAN) down 3%. Abu Dhabi Securities Market On the ADX, 22 shares advanced and 10 declined. Among the gainers included most of the banking stocks; Union National Bank (UNB) up 5%, National Bank of Abu Dhabi (NBAD) up 4.25% and Abu Dhabi Commercial Bank (ADCB) up 0.38%. Other standouts included Qatar Telecom (QTEL) up 8.43% and BILCO up 6.80%, both on small volumes traded. Most of the cement companies that traded closed higher. Stocks to lose ground included: Aabar Energy (AABAR) 1.75%, Abu Dhabi National Energy (TAQA) down 0.50% and Methaq Islamic Insurance (METHAQ) down 3.58%.

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

• Marketwatch DFM ADX November 2008
• Derivatives DIFX
• Emaar Warsan complaints
• Air Arabia Maroc
• Depa acquires Germany's Vedder
• NGI 08Q3 profit Dh20m +58%
• BAYAN 08Q3 profit Dh2.1m +4%
• EKTITAB 08Q3 profit Dh33m -50%
• FGB share buyback
• ADSB 08Q3 profit Dh28m +173%
• ADNH new CEO
• Agility 08Q3 profit Dh480m -15%
• AKIC 08Q3 loss Dh-29m -344%
• AKIC 08Q2 profit Dh50m +334%
• ALLIANCE 08Q3 loss Dh-1.8m -117%
• Salam Bank Sudan 08Q3 loss Dh-3m -132%
• Real Estate Price Correction Impact on the Stock Market
• Shuaa shares suspended
• Zurich Takaful JV
• Shuaa 08H1 loss AED371m
• Property & Stocks correlation
• Investor sentiment poll
• Forum colors orange to blue or something else?
• UAE crash DFM target
• Dubai Mall opening date

best stock rises symbol price change DARTAKAFUL 2.70 +0.31 +13% RAPCO 2.75 +0.25 +10% OEIHC 3.27 +0.29 +9.7% SICO 6.30 +0.49 +8.4% QTEL 145.40 +11.30 +8.4%

worst stock falls symbol price change ADSB 4.33 -0.48 -10% AKIC 1.43 -0.14 -8.9% CBI 2.30 -0.22 -8.7% SALAM_BAH 1.40 -0.10 -6.7% NMDC 6.57 -0.46 -6.5%

top volume symbol value (AED) price EMAAR 193,421,040 5.33 ALDAR 77,538,741 5.53 ARTC 41,669,228 5.90 RAKPROP 36,618,705 1.03 TAKAFUL-EM 32,759,401 2.76

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