UAE markets 12 Jan 2009

UAE market news & discussions for 12 January 2009 Both UAE markets managed to gain today with the DFM index up 1.23% to 1,757 and the ADX index up 0.57% to 2,514. Trading volume was modest with the value of shares traded on the DFM, Dh308 million and on the ADX, Dh209 million. Major movers on the DFM included ARTC up 4.66%, EMAAR up 2.90% and the TAKAFULS both limit up. On the downside DIB closed 2.46% lower at 1.98. On the ADX, Energy stocks had a good day as did RAKPROP up 5.77%. ALDAR and SOROUH were the major losers. The value of the UAE economy surpassed Dh800 billion in 2009 according to EIB up 13.9% from 2007. Growth in 2009 remains to be seen. UAE financial news - latest news from Reuters, Bloomberg and UAE media Sharewadi calendar - important dates Dubai Financial Market On the Dubai Financial Market 15 stocks rose and 6 declined. Major gainers included Air Arabia (AIRARABIA) 0.95 (3.26%) and Dubai Financial Market (DFM) 1.39 (4.51%. Losers included: Islamic Arab Insurance (IAIC) 0.83 (1.19%), Dubai Islamic Bank (DIB) 1.98 (2.46%) and Shuaa Capital (SHUAA) 1.35 (5.59%). Abu Dhabi Securities Exchange On the ADX 22 stocks rose and 12 declined. In financials WAHA up 6.67% and SIB up 4.83% lead the way. However, Abu Dhabi Commercial Bank (ADCB) fell 1.48%. In property Ras Al Khaimah Properties (RAKPROP) rose 5.77% but Aldar Properties (ALDAR) down 1.16% and Sorouh Real Estate (SOROUH) down 2.38% were lower. Energy stocks were all up Aabar Energy (AABAR) 8.65%, Dana Gas (DANA) 3.45% and Abu Dhabi National Energy (TAQA) 6.31%. Agthia Group (AGTHIA) also closed higher by 7.08%.

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best stock rises symbol price change DARTAKAFUL 1.15 +0.15 +15% TAKAFUL-EM 1.18 +0.15 +14.6% ALSALAMSUDAN 2.55 +0.25 +10.9% ADAVIATION 2.42 +0.22 +10% METHAQ 5.06 +0 +%

worst stock falls symbol price change QTEL 121.50 -13.50 -10% EKTTITAB 0.80 -0.07 -8% ASMAK 28.00 -2.00 -6.7% CBI 1.80 -0.11 -5.8% SHUAA 1.35 -0.08 -5.6%

top volume symbol value (AED) price EMAAR 97,280,299 2.48 SOROUH 86,005,254 3.69 ARTC 64,594,627 2.02 DFM 42,129,249 1.39 DIB 32,042,358 1.98

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