UAE markets 03 Feb 2009

UAE market news & discussions for 03 February 2009 Both UAE markets fell sharply today but trading volumes continue to be very low. The DFM index fell 1.26% to 1,454 with 115 million shares traded valued at DH119 million. ARTC lead the charge once again falling 9.47% to a new low of 0.86. DFM and EMAAR were also off by more than 5.00%. On the positive side DIB was up 3.0% and DIC up 1.05%. The ADX index fell by 2.2% to 2,145 with 72 million shares traded worth DH 143 million. Trading was lead by FGB down 0.13%, ALDAR down 6.87%, SOROUH down 7.29% and ETISALAT down 1.35%. In business news the Australian Government joined the pump-priming party by announcing an additional $28 billion dollars of expenditure and immediately tapped the bond market to pay for it. Moody's has flagged a debt rating downgrade for assorted Dubai companies including EMAAR after other ratings agencies moved in December. RESULTS Aldar 2008Q4 profit AED 85m -84% 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 6 shares advanced and 14 declined. All sectors were down except for Banks and Transportation. Airarabia 0.91 up 2.24% and ARAMEX 0.86 up 1.12% had a good run. In Banking Dubai Islamic Bank (DIB) was up 3.0% but the rest of the sctor was down. The losers were lead by Arabtec (ARTC) limit down, Dubai Financial Market (DFM) 0.76 (5.00%), Emaar Properties (EMAAR) 1.77 (5.85%) and Gulf Navigation (GULFNAV) 0.51 (5.55%) Abu Dhabi Securities Exchange On the ADX 4 shares advanced and 22 declined. Losses were across the board. In banking Abu Dhabi Islamic Bank (ADIB) was down 7.75%, First Gulf Bank (FGB) down 0.13%, but SIB managed a gain of 1.27%. There were heavy falls in Realesate and Energy. Aldar Properties (ALDAR) was off 6.87%, Sorouh Real Estate (SOROUH) fell by 7.78%, Aabar Energy (AABAR) declined 6.11% and Abu Dhabi National Energy (TAQA) fell by 7.29%. In Construction falls were lead by Arkan Building Materials (ARKAN) down 0.82% and Ras Al Khaimah Cement (RAKCC) down 7.14%. Emirates Telecom (ETISALAT) was down again 1.35% to 9.53.

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 ADX DFM February 2009 limitup Tue 03 Feb 2009 16:26 Arabtec CEO resigns? bandakok Tue 03 Feb 2009 15:04 Aldar dividend sharewadi Tue 03 Feb 2009 13:44 EMAAR shares suspended sharewadi Tue 03 Feb 2009 11:59 Aldar 2008Q4 profit AED 85m -84% sharewadi Tue 03 Feb 2009 11:19 Aramex acquisitions sharewadi Tue 03 Feb 2009 10:29 New law to provide residency for expats bandakok Tue 03 Feb 2009 09:59 Ajman Bank opens limitup Tue 03 Feb 2009 01:20 Syria stock exchange opens stylinexpat Mon 02 Feb 2009 23:25 Dubai bailout? Fran Mon 02 Feb 2009 23:21 Moody's downgrading Dubai companies stylinexpat Mon 02 Feb 2009 23:20 Dubai government company downgrades sharewadi Mon 02 Feb 2009 17:43 NBAD 2008 Q4 profit AED492m -34% sharewadi Mon 02 Feb 2009 16:52 DIC 2008 Q4 loss AED110m khurrammts Mon 02 Feb 2009 12:06 GULFNAV 2008Q4 profit Dh11m -76% spin Mon 02 Feb 2009 12:04 Gulf Nav 2008 Q4 profit forecast 3973abl Mon 02 Feb 2009 11:20 Dubai project cancellations list sharewadi Mon 02 Feb 2009 10:04

best stock rises symbol price change BILDCO 2.34 +0.20 +9.3% SALAM_BAH 0.90 +0.05 +5.9% ASNIC 3.12 +0.12 +4% QTEL 97.75 +3.25 +3.4% DIB 1.68 +0.05 +3.1%

worst stock falls symbol price change CBI 1.70 -0.18 -9.6% ARTC 0.86 -0.09 -9.5% AKIC 0.91 -0.09 -9% GCEM 2.57 -0.24 -8.5% SOROUH 2.37 -0.20 -7.8%

top volume symbol value (AED) price ALDAR 67,909,734 2.17 ARTC 36,614,750 0.86 EMAAR 29,927,794 1.77 SOROUH 22,435,272 2.37 DFM 14,790,170 0.76

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