UAE markets 05 Nov 2008

UAE market news & discussions for 05 November 2008 Its the moning after the night before and the american people have chosen hope and youth over experience and wisdom. Markets in asia rallied strongly, however europe has opened lower as the realisation sets in that the world is facing the same economic problems as the night before. So how did UAE markets react? The DFM index closed barely changed at 2917 with the value of shares traded at 810 million dirhams sharply higher than the last couple of trading sessions. The ADX index closed 1.51% up at 3435 with the value shares traded at 425 million dirhams again better than the prior trading sessions. On the DFM trading was dominated by EMAAR closing 0.56% down at 5.30 dirhams on 65 million shares traded. ARTC up 1.69% was also heavily traded as it emerged that its project in Russia might be delayed. TABREED was also slightly up by 0.90% after it released its results confirming that it is struggling to profit from the business of selling cool air in the desert. On the ADX, trading by value was topped by ALDAR rising 2.5% and also FGB up 4.8% on news that it has permission to buy back 10% of its shares. RESULTS TABREED 08Q3 profit Dh16m +7% AOIC 2007 FY profit AED140m +43% 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 16 shares rose and 7 declined. Gainers were lead by Dubai Islamic Insurance (AMAN) limit up over 14%. TAKAFUL HOUSE and EMARAT continue to do well up 1.4% and 7.4% respectively. Decliners were lead by Amlak Finance Company (AMLAK) down 0.52%, Deyaar Development (DEYAAR) down 0.88% and Dubai Islamic Bank (DIB) down 1.2% at 4.04 approaching its 52 week low. Abu Dhabi Securities Market On the ADX, 26 shares advanced and 11 declined. The banks again did well with National Bank of Abu Dhabi (NBAD) up 6.3%, SIB up 8.3% and all others up apart from Abu Dhabi Commercial Bank (ADCB) down 0.38%. Energy stocks were all higher; Aabar Energy (AABAR) up 3.9%, Dana Gas (DANA) up 0.96% and Abu Dhabi National Energy (TAQA) up 3.5%. In Consumers Abu Dhabi National Hotels (ADNH) was down 0.43% and Agthia Group (AGTHIA) up 2.5%. In Telecoms, Emirates Telecom (ETISALAT) was up 0.31%, Qatar Telecom (QTEL) up 3% and Sudan Telecom (SUDATEL) up 1.2%.

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

• Marketwatch DFM ADX November 2008
• FUTURE OUTLOOK FOR UAE MARKETS
• DIN 08Q3 profit Dh4.8m +104%
• Arabtec Gazprom tower
• Interest Rates
• NBF 2008 Q3 results
• FGB share buyback
• Arabtec accounts error
• Real Estate Price Correction Impact on the Stock Market
• ARTC 2008Q2 profit Dh270m +142%
• ARTC 08Q3 profit Dh260m +51%
• TABREED 08Q3 profit Dh16m +7%
• AOIC 2007 FY profit AED140m +43%
• 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%
• ADSB 08Q3 profit Dh28m +173%
• ADNH new CEO
• Agility 08Q3 profit Dh480m -15%
• AKIC 08Q3 loss Dh-29m -344%
• AKIC 08Q2 profit Dh50m +334%

best stock rises symbol price change AMAN 1.96 +0.25 +14.6% EKTTITAB 1.68 +0.18 +12% ALMADINA 6.00 +0.60 +11.1% RAKCEC 2.09 +0.19 +10% NMDC 7.22 +0.65 +9.9%

worst stock falls symbol price change FOODCO 3.20 0.35 12.3% ALSALAMSUDAN 2.69 0.24 9.8% QCEM 1.23 0.10 8.8% UCC 3.47 0.25 7.8% ADSB 4.11 0.22 5.7%

top volume symbol value (AED) price EMAAR 353,947,694 5.30 ALDAR 177,542,491 5.67 ARTC 95,359,648 6.00 DFM 59,644,519 2.23 TAKAFUL-EM 52,847,798 2.80

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