UAE markets 27 Jan 2009

UAE market news & discussions for 27 January 2009 Another positive day on UAE markets today with broad gains on slightly better volumes. The DFM index rose 1.86% to close at 1,532 with 268 million shares traded worth Dh296 million. Gains were made in all sectors in particular ARTC up 10%, DEYAAR up 8.0%, TABREED up 8.5% and EMAAR up 5.0%. ARTC lead by volume with 55 million shares traded. The ADX index was higher by 1.36% at 2,226 with 92 million shares traded worth Dh167 million. Most sectors closed with gains lead by BOS up 8.5%, CBI up 6.12%, ALDAR up 2.55% and DANA up 1.85%. In other news the Dubai Department of Economic Development is forecasting positive growth for Dubai in 2009 but cleverly will not put a figure on it. Meanwhile the EMAAR Chairman 'What Crisis' Alabbar believes the fall in Dubai property prices will be limited to an average of 20% according to press reports. Results continue to come in slowly Waha 2008 FY profit Dh40m -76% NCC 08Q4 loss Dh-2.5m -104% AAAIC 08Q4 loss Dh-38m -131% FGB 2008 FY profit Dh3bn +50% UAE fourth quarter results - table of financial results so far, with dividend and AGM information UAE financial news - latest news from Reuters, Bloomberg and UAE media Sharewadi calendar - important dates Dubai Financial Market On the Dubai FInancial Market 18 shares advanced and 6 declined. Gainers included Air Arabia (AIRARABIA) 0.92 (4.54%), Arabtec (ARTC) 1.23 (10.8%), Deyaar Development (DEYAAR) 0.55 (7.84%), Dubai Financial Market (DFM) 0.89 (7.22%), Dubai Islamic Bank (DIB) 1.78 (3.48%), Emaar Properties (EMAAR) 2.01 (5.23%) and Emarat Takaful Insurance (TAKAFUL-EM)ARAT 1.03 (11.9%). Losers included Commercial Bank of Dubai (CBD) 3.00 (1.31%) and Emirates NBD (ENBD) 3.30 (4.89%). Abu Dhabi Securities Exchange On the ADX 23 shares advanced and 8 declined The banking sector led the gainers Abu Dhabi Commercial Bank (ADCB) 1.56 (6.12%), Bank of Sharjah (BOS) 1.03 (8.42%), Commercial Bank International (CBI) 2.08 (6.12%). However National Bank Of Ras Al Khaimah (RAKBANK) and United Arab Bank (UAB) both closed down 9.89%. Realestate stocks all closed higher Aldar Properties (ALDAR) up 2.55%, Ras Al Khaimah Properties (RAKPROP) up 4.35% and Sorouh Real Estate (SOROUH) up 7.68%. In Energy Dana Gas (DANA) stood out by volume closing 1.85% higher at 0.55. In construction Arkan Building Materials (ARKAN) up 1.75% and Ras Al Khaimah Cement (RAKCC) up 0.94% were the main traders. Emirates Telecom (ETISALAT) closed 1.01% higher at 9.96.

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
FGB 2008Q4 profit Dh670m +8% sharewadi Tue 27 Jan 2009 17:15 Dana Sharjah concession sharewadi Tue 27 Jan 2009 16:03 Arabtec Meydan cancelled sharewadi Tue 27 Jan 2009 14:38 AAAIC 2008Q4 loss Dh-38m -131% sharewadi Tue 27 Jan 2009 14:06 NCC 2008Q4 loss Dh-2.5m -104% sharewadi Tue 27 Jan 2009 13:29 Waha 2008 FY profit Dh40m -76% sharewadi Tue 27 Jan 2009 10:09 Arabtec bankrupt? sharewadi Tue 27 Jan 2009 09:53 DEYAAR 08Q4 profit Dh340m +62% sharewadi Tue 27 Jan 2009 09:48 Union Properties convertible bond bandakok Tue 27 Jan 2009 09:44 Banks not to publish audited annual accounts Bimcnorth Tue 27 Jan 2009 01:04 How dubai can bring back its charm? limitup Mon 26 Jan 2009 22:59 Bank of Sharjah Sharia compliant? Fran Mon 26 Jan 2009 19:40 Marketwatch ADX DFM January 2009 3973abl Mon 26 Jan 2009 15:43 DP World 2008 throughput sharewadi Mon 26 Jan 2009 12:14 DP World HSBC rating Fran Mon 26 Jan 2009 10:03 SALAM_BAH 08Q4 profit Dh28m -50% sharewadi Sun 25 Jan 2009 11:03 NMDC CEO resigns sharewadi Sun 25 Jan 2009 10:49

best stock rises symbol price change TAKAFUL-EM 1.03 +0.11 +12% ARTC 1.23 +0.12 +10.8% UPP 0.63 +0.05 +8.6% TABREED 0.51 +0.04 +8.5% BOS 1.03 +0.08 +8.4%

worst stock falls symbol price change ADNIC 7.56 -0.84 -10% GLOBAL 4.28 -0.47 -9.9% UAB 7.65 -0.84 -9.9% RAKBANK 3.28 -0.36 -9.9% BILDCO 2.48 -0.27 -9.8%

top volume symbol value (AED) price EMAAR 92,904,678 2.01 ALDAR 91,773,913 2.41 ARTC 66,452,044 1.23 DFM 36,669,501 0.89 AIRARABIA 24,715,957 0.92

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