UAE markets 29 Jan 2009

UAE market news & discussions for 29 January 2009 After a positive week both UAE markets retreated today on relatively light volumes. The DFM index closed 1.05% lower at 1,520 with 146 million shares traded worth Dh180 million. Trading was lead by ARTC down 4.13%, DFM down 1.13% and EMAAR down 3.44%. The ADX index closed just 0.20% lower at 2,255 with 94 million shares traded worth Dh246 million. trading was dominated by just three stocks, FGB down 3.17%, ALDAR up 1.59% and SOROUH down 3.68% RESULTS ETISALAT 2008Q4 profit Dh1.4bn -20% SOROUH 2008Q4 profit Dh45m -91% BILDCO 2008Q4 profit Dh12m -53% 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 4 stocks advanced and 16 declined. Gainers included: Ajman Islamic Bank (AJMANBANK) 0.82 (1.23%), Emirates Integrated Telecommunications (DU) 2.00 (1.52%) and Shuaa Capital (SHUAA) 1.24 limit up with no sellers. All the major traders lost ground including: Gulf Navigation (GULFNAV) down 3.57%, Emaar Properties (EMAAR) down 3.44%, Dubai Financial Market (DFM) down 1.13% Deyaar Development (DEYAAR) down 1.85%, Arabtec (ARTC) down 4.13% and Air Arabia (AIRARABIA) down 1.05%. Abu Dhabi Securities Exchange On the ADX 14 stocks advanced and 14 declined. Banks had a mixed day lead by First Gulf Bank (FGB) down 3.17% and Waha down by 3.70%. However, Abu Dhabi Islamic Bank (ADIB) up 3.86% and Bank of Sharjah (BOS) up 9.73% ended in positive territory. In Realestate, honours were split with Aldar Properties (ALDAR) up 1.59% and Sorouh Real Estate (SOROUH) down 3.68%. Energy was mostly down, Aabar Energy (AABAR) off 2.03% and Dana Gas (DANA) lower by 1.79%. In Telecoms Emirates Telecom (ETISALAT) lost 0.49% after releasing 2008Q4 results.

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
AGTHIA 2008Q4 profit Dh18m +90% sharewadi Thu 29 Jan 2009 17:19 ETISALAT 2008Q4 profit Dh1.4bn -20% sharewadi Thu 29 Jan 2009 15:13 Marketwatch ADX DFM January 2009 lala Thu 29 Jan 2009 15:06 AABAR 2008Q4 profit Dh120m -53% sharewadi Thu 29 Jan 2009 14:50 SOROUH 2008Q4 profit Dh45m -91% sharewadi Thu 29 Jan 2009 14:46 DP World HSBC rating fadi Thu 29 Jan 2009 11:55 BILDCO 2008Q4 profit Dh12m -53% sharewadi Thu 29 Jan 2009 04:37 NMDC 2008Q4 profit Dh91m -9% sharewadi Thu 29 Jan 2009 03:46 EIC 2008Q4 profit Dh6.4m -75% sharewadi Thu 29 Jan 2009 03:27 GMPC 2008Q4 profit Dh19m -35% sharewadi Thu 29 Jan 2009 01:38 Aldar 2008Q4 profit AED 85m -84% limitup Wed 28 Jan 2009 23:47 Gulf Nav 2008 Q4 profit forecast Mpower Wed 28 Jan 2009 22:06 Waha 2008Q4 loss Dh-67m -184% sharewadi Wed 28 Jan 2009 16:52 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

best stock rises symbol price change SHUAA 1.24 +0.16 +14.8% UCC 2.34 +0.21 +9.9% METHAQ 3.71 +0.33 +9.8% BOS 1.24 +0.11 +9.7% RAKBANK 3.55 +0.27 +8.2%

worst stock falls symbol price change AWNIC 8.33 -0.92 -9.9% GLOBAL 3.48 -0.38 -9.8% EKTTITAB 0.65 -0.07 -9.7% FOODCO 2.53 -0.27 -9.6% AKIC 0.91 -0.09 -9%

top volume symbol value (AED) price ALDAR 89,632,776 2.55 FGB 77,807,990 7.34 ARTC 52,457,532 1.16 EMAAR 50,594,434 1.96 SOROUH 40,268,639 2.88

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.