UAE markets 28 Jan 2009

UAE market news & discussions for 28 January 2009 A further positive days trading on UAE markets today. The DFM closed flat however the ADX finished 1.5% higher. On the DFM the index closed just 0.24% higher at 1,536 with 297 million shares traded worth Dh324 million. Trading was lead by ARTC down 1.62% and DFM down 1.12%. Higher were EMAAR up 1.0% and DIC up 2.04% On the ADX the index closed 1.54% higher at 2,260 with 153 million shares traded worth Dh298 million. Trading was lead by the Banking Sector in general, ALDAR up 4.15% and AABAR also up 4.96%. In business news Congress seemed to be getting ready to pass the Obama recovery plan more deficit spending, The IMF lowered world growth forecasts and participants gathered at Davos for the World Economic Forum. Closer to home Abu Dhabi is indicating more support is on the way for local banks. RESULTS Aabar 2008 FY profit AED721m +218% 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 7 stocks advanced and 14 declined. Despite a positive start with the index up over one percent the market closed flat. Gainers included: Air Arabia (AIRARABIA) 0.95 (3.26%), Dubai Investment Company (DIC) 1.00 (2.04%), Emaar Properties (EMAAR) 2.03 (0.99%) and Emarat Takaful Insurance (TAKAFUL-EM)ARAT 1.10 (6.79%) Losers included: Arabtec (ARTC) 1.21 (1.62%), Dubai Financial Market (DFM) 0.88 (1.12%), Dubai Islamic Bank (DIB) 1.77 (0.56%) Gulf Navigation (GULFNAV) 0.56 (6.66%) and National General Cooling (TABREED) 0.48 (0.91%). Abu Dhabi Securities Exchange On the ADX 20 stocks advanced and 9 declined. In Banking gains were lead by Abu Dhabi Commercial Bank (ADCB) 1.58 (1.28%), Bank of Sharjah (BOS) 1.13 (9.71%), First Gulf Bank (FGB) 7.58 (2.43%) and National Bank of Abu Dhabi (NBAD) 8.57 (2.39%). The only loser ws WAHA 0.54 (1.82%). Aldar lead the way in Realestate up 4.15% and Sorouh Real Estate (SOROUH) up by 7.94%. In Energy Aabar Energy (AABAR) was up 4.96% and Dana Gas (DANA) up 1.82%. In Consumer Abu Dhabi National Hotels (ADNH) was down by 2.22%. In Construction Ras Al Khaimah Cement (RAKCC) lead the trading up by 2.80%. Emirates Telecom (ETISALAT) continued its climb up 1.91%.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
Waha 2008Q4 loss Dh-67m -184% sharewadi Wed 28 Jan 2009 16:52 Aabar 2008 FY profit AED721m +218% sharewadi Wed 28 Jan 2009 15:59 Gulf Nav 2008 Q4 profit forecast limitup Wed 28 Jan 2009 15:56 Marketwatch ADX DFM January 2009 limitup Wed 28 Jan 2009 15:30 Tamweel Moody's rating review BullnBear Wed 28 Jan 2009 14:08 FGB 2008Q4 profit Dh670m +8% rmhumr Wed 28 Jan 2009 09:00 Sorouh HSBC report limitup Tue 27 Jan 2009 20:43 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 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

best stock rises symbol price change BOS 1.13 +0.10 +9.7% METHAQ 3.38 +0.26 +8.3% SOROUH 2.99 +0.22 +7.9% ADAVIATION 2.15 +0.15 +7.5% TAKAFUL-EM 1.10 +0.07 +6.8%

worst stock falls symbol price change EKTTITAB 0.72 -0.08 -10% GLOBAL 3.86 -0.42 -9.8% QTEL 89.55 -9.60 -9.7% GULFNAV 0.56 -0.04 -6.7% TABREED 0.48 -0.03 -5.9%

top volume symbol value (AED) price ALDAR 150,193,917 2.51 ARTC 99,190,846 1.21 EMAAR 75,656,141 2.03 DFM 51,051,189 0.88 ADNH 45,247,554 3.09

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