UAE markets 24 Nov 2008

UAE market news & discussions for 24 November 2008 UAE markets continued to slide today. The DFM index fell by over 5% to 1814 and the ADX fell 3.44% to 2,701. The value of shares traded on the DFM was 269 million dirhams and on the ADX 271 million. The biggest story of the day was the government sponsored merger of AMLAK and Tamweel with the Emirates Industrial Bank creating the Emirates Development Bank indicating the UAE government was willing to support UAE listed companies in difficulty. On the DFM, eleven stocks closed limit down with many of the major stocks hitting fresh lows. On the ADX, seven stocks closed limit down, however two stocks closed limit up NASDAQ DUBAI DPW closed 12% down at 0.27 and DEPA unchanged on 0.45. 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 theDubai market major losers limit down included: Emirates Integrated Telecommunications (DU), Deyaar Development (DEYAAR), ARAMEX, National General Cooling (TABREED) and Ajman Islamic Bank (AJMANBANK). Other major losers included Emaar Properties (EMAAR) down 9.5%, Dubai Islamic Bank (DIB) down 6% and Union Properties (UPP) down 6%. No shares gained. Abu Dhabi Securities Exchange On the ADX, the major losers limit down included; Abu Dhabi Aviation (ADAVIATION), First Gulf Bank (FGB), Abu Dhabi National Hotels (ADNH), Abu Dhabi National Energy (TAQA), Emirates Driving Company (DRIVE), WAHA and Methaq Islamic Insurance (METHAQ). OTHER losers included energy stocks; Dana Gas (DANA) and Aabar Energy (AABAR) down over 8%. Gainers were lead by Arkan Building Materials (ARKAN) up 9%, Commercial Bank International (CBI) up 10% and International Fish Farming (ASMAK) up 6.60%.

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

	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
Amlak Tamweel bank merger sharewadi Mon 24 Nov 2008 16:58 Emirates Development Bank sharewadi Mon 24 Nov 2008 16:52 What would you buy? sharewadi Mon 24 Nov 2008 16:38 Emaar Nakheel merger sharewadi Mon 24 Nov 2008 16:31 AMLAK TAMWEEL suspended ... delisted? sharewadi Mon 24 Nov 2008 16:05 FGB share buyback sharewadi Mon 24 Nov 2008 15:57 Pump and dump rally due in DFM sam111sam Mon 24 Nov 2008 15:55 Shuaa share buyback DXB_knight Mon 24 Nov 2008 12:43 Aabar property development sharewadi Mon 24 Nov 2008 10:24 Min of Finance anoounce the merger of ... sharewadi Mon 24 Nov 2008 10:19 KFIC 08Q3 loss Dh-24m -145% sharewadi Mon 24 Nov 2008 10:00 Marketwatch DFM ADX November 2008 robchad Mon 24 Nov 2008 09:02 China impact on Dubai bandakok Sun 23 Nov 2008 22:40 Real Estate Correction Stockmarket Impact stylinexpat Sun 23 Nov 2008 22:11 Real Estate Bank and Industrial Bank merger Fran Sun 23 Nov 2008 21:30 ARTC near foreign limit, strong buying today sharewadi Sun 23 Nov 2008 20:41 NBQ GLOBAL convertible bond sharewadi Sun 23 Nov 2008 20:25

best stock rises symbol price change CBI 1.65 +0.15 +10% GCEM 2.89 +0.24 +9.1% ARKAN 4.58 +0.38 +9% ASMAK 29.90 +1.85 +6.6%

worst stock falls symbol price change DU 2.34 -0.26 -10% ADAVIATION 1.80 -0.20 -10% TAKAFUL-EM 1.26 -0.14 -10% DEYAAR 0.64 -0.07 -9.9% ARMX 1.02 -0.11 -9.7%

top volume symbol value (AED) price ALDAR 153,882,121 4.86 EMAAR 107,060,440 2.47 AIRARABIA 36,933,624 0.91 SOROUH 30,541,527 2.93 DFM 24,589,286 1.22

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