UAE markets 15 Dec 2008

UAE market news & discussions for 15 December 2008 Trading today was similar to yesterday with low turnover and both UAE markets continuing to slide: 0.61% to 1949 points for the DFM on turnover of AED 262m from 143m shares, and 0.71% to 2714 for the ADX on turnover of AED 86m from 41m shares. Arabtec was the only standout gainer in Dubai, up by 8.4%, and Aabar continued its rise in Abu Dhabi, up by another 5.8%. On the Nasdaq Dubai (DIFX), DP World is up 6.7% and Depa is up 2.2% as of 14:00 UAE time. European and Asian stocks rose today but US stock futures are down, indicating a lower open this evening UAE time, despite indications that the US auto manufacturers might get bailed out after all. UAE financial news - latest news from Reuters, Bloomberg and UAE media Sharewadi calendar - important dates Dubai Financial Market Emaar Properties (EMAAR) topped the turnover list but with less than AED 100m worth of trading, and fell 1.6% to 2.99. Arabtec (ARTC) was up 8.4% to 4.78 and second highest by turnover with AED 57m worth of trading. The only other gainer on turnover of more than AED 1m was Gulf Navigation (GULFNAV), up by just 1.1% to 0.89. Shuaa Capital (SHUAA) was the worst of the losers, 10% limit down to 1.46 but with low volumes traded. Arab International Logistics (ARMX) fell 4.5%, Dubai Islamic Bank (DIB) 4%, Islamic Arab Insurance (IAIC) 3.8% despite more share buybacks, Ajman Islamic Bank (AJMANBANK) 3.7% and the remainder falling less than 2% or on thin trading. Abu Dhabi Securities Exchange Only Aldar Properties (ALDAR) (down just 1 fil to 5.26) and First Gulf Bank (FGB) (up just 1 fil to 9.20) saw more than AED 10m worth of trading in Abu Dhabi. Aabar Energy (AABAR) was up 5.8% to 2.39, National Bank of Abu Dhabi (NBAD) recovered somewhat by 2.9% to 8.99, Dana Gas (DANA) was up 1.4%, and the remaining 8 gainers were up less than 1% or on thin trading. Union National Bank (UNB) was the worst of the loser's on significant trading levels, falling by 8.6% to 2.67. Waha Capital (OILC) wasn't far behind with a 5.1% drop to 0.71, Abu Dhabi National Energy (TAQA) fell 3.1%, Abu Dhabi Commercial Bank (ADCB) 2.4%, Emirates Telecom (ETISALAT) 1.6%, and the remainder fell less than 1.5% or on turnover of less than AED 1m.

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
UNB 2008 profit forecast AUHanalyst Mon 15 Dec 2008 13:45 Suspended Shares Status sammy Mon 15 Dec 2008 13:29 AMLAK TAMWEEL suspended ... delisted? robchad Mon 15 Dec 2008 10:26 Shuaa job cuts and financial position sharewadi Mon 15 Dec 2008 10:05 Marketwatch DFM ADX December 2008 sharewadi Mon 15 Dec 2008 09:42 Arabtec Aktor Cleveland Clinic JV Bimcnorth Sun 14 Dec 2008 16:55 Emaar building Sheikh Khalifa City Egypt Bimcnorth Sun 14 Dec 2008 16:50 Nakheel IPO Bimcnorth Sun 14 Dec 2008 16:40 Emaar analysis and reports sharewadi Sun 14 Dec 2008 15:13 Shuaa Moody's ratings review sharewadi Sun 14 Dec 2008 14:31 Emaar Philippines mining sharewadi Sun 14 Dec 2008 14:02 ADCB ING report sharewadi Sun 14 Dec 2008 13:29 Damac sale to Sheikh Mohammed sam111sam Sat 13 Dec 2008 11:22 Drake & Scull listing date sharewadi Sat 13 Dec 2008 09:48 Drake & Scull MEP award sharewadi Sat 13 Dec 2008 09:42 Arabtec job losses and project delays BullnBear Fri 12 Dec 2008 06:53 EFG Hermes Report on UAE Stocks favour ARTC Bimcnorth Fri 12 Dec 2008 02:17

best stock rises symbol price change GFH 13.85 +1.35 +10.8% INVESTB 2.97 +0.27 +10% ADNIC 7.87 +0.71 +9.9% SCIDC 2.85 +0.25 +9.6% ARTC 4.78 +0.37 +8.4%

worst stock falls symbol price change NMDC 5.41 -0.60 -10% SHUAA 1.46 -0.16 -9.9% AKIC 1.13 -0.12 -9.6% JULPHAR 1.32 -0.14 -9.6% FH 6.33 -0.67 -9.6%

top volume symbol value (AED) price EMAAR 97,110,084 2.99 ARTC 57,416,994 4.78 AIRARABIA 28,015,869 0.99 DFM 22,181,677 1.25 ALDAR 18,594,983 5.24

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