UAE markets 29 Dec 2008

UAE market news & discussions for 29 December 2008 A short trading week this week with two New Year holidays at each end. Both local markets saw a decent bit of green today with the DFMGI up 2.9% to 1633 points and turnover also up to AED 297m from 200m shares. The ADX was up 1.6% to 2319 points with turnover at AED 157m from 77m shares. Big gains for Arabtec ahead of the last trading day for bonus share eligibility tomorrow, First Gulf Bank (buying back more shares again today), and Union Properties. Asian and European stocks are up, as are US stock futures, and the oil price. UAE financial news - latest news from Reuters, Bloomberg and UAE media Sharewadi calendar - important dates Dubai Financial Market As ever, Emaar Properties (EMAAR) was the most heavily traded stock by value, just shy of AED 100m worth as it gained 5.9% to close at 2.34. Arabtec (ARTC) was in second place on turnover with 15% limit up trading at 4.58. Dubai Financial Market (DFM) shares were also busy and rose 7.9% to 1.23. Union Properties (UPP) joined Arabtec at the top of the gainers list, also with 15% limit up trading at 0.80. Almost all other shares saw good gains of 3%-6% today, only Ektitab Holding (EKTTITAB) with one smal trade, and National General Cooling (TABREED) falling 1.7%, in the losers list. Abu Dhabi Securities Exchange First Gulf Bank (FGB) topped both the turnover list with AED 37m worth of deals, and the gainers list with 10% limit up trading at 8.56. Arkan Building Materials (ARKAN) was in second spot by turnover but moved up by just 0.34% to 5.79. Methaq Islamic Insurance (METHAQ) and Union National Bank (UNB) also saw 10% limit up trading, albeit on low volumes. Aldar Properties (ALDAR), Sorouh Real Estate (SOROUH), and Aabar Energy (AABAR) all surged ahead by 6%-8%, and most other stocks rose less than 3%. Emirates Telecom (ETISALAT) was up just 0.82% to 9.69. National Marine Dredging (NMDC) stood out in the losers list with an 8% fall to 8.35 and much heavier than usual trading activity. Ras Al Khaimah Properties (RAKPROP) was the only other stock in the red on turnover greater than AED 1m, falling 4% to 0.48.

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
Marketwatch DFM ADX December 2008 BullnBear Mon 29 Dec 2008 14:23 Arabtec bonus shares diaa123 Mon 29 Dec 2008 14:14 UPP fundamental conflict Foreigner Mon 29 Dec 2008 14:12 Kindly runaway after Dow big rebound ! spin Mon 29 Dec 2008 13:39 UAE job cuts sharewadi Mon 29 Dec 2008 10:44 DIC 2008 profit forecast sharewadi Sun 28 Dec 2008 13:37 DIC Breackout on Thrusday spin Sun 28 Dec 2008 08:12 Whats Going On?! Bimcnorth Sun 28 Dec 2008 01:20 Deyaar 2008 profit and growth forecast finance Sat 27 Dec 2008 20:23 Air Arabia share prices suppose to fall sam111sam Sat 27 Dec 2008 19:58 Amlak Tamweel merger sam111sam Sat 27 Dec 2008 18:16 Ajman Bank first branch adeelakhtar Sat 27 Dec 2008 13:19 DFM foreign buying AED7.8m last week sharewadi Sat 27 Dec 2008 10:30 Winners of the Financial Crises! sammy Thu 25 Dec 2008 16:22 Access to Asian markets from Dubai chinainvest Thu 25 Dec 2008 14:09 Bigger 2009 Dubai budget FMan Thu 25 Dec 2008 10:19 New Year break ? FMan Thu 25 Dec 2008 07:42

best stock rises symbol price change ARTC 4.58 +0.59 +14.8% UPP 0.80 +0.10 +14.3% FGB 8.54 +0.75 +9.6% METHAQ 2.40 +0.21 +9.6% BILDCO 2.40 +0.20 +9.1%

worst stock falls symbol price change DRIVE 2.67 -0.29 -9.8% SCIDC 2.61 -0.28 -9.7% EKTTITAB 1.43 -0.15 -9.5% NMDC 8.53 -0.74 -8% RAKWCT 0.93 -0.06 -6.1%

top volume symbol value (AED) price EMAAR 96,635,939 2.34 ARTC 60,248,694 4.58 DFM 57,529,534 1.23 FGB 36,710,214 8.54 ARKAN 29,589,980 5.83

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