UAE markets 25 Feb 2009

UAE market news & discussions for 25 February 2009 Abu Dhabi was almost unchanged at 2339 points with a rise of less than 1 point, and turnover sharply lower at AED 115m from 78m shares. Dubai continued falling from yesterday, down another 1.4% to 1568 points with turnover much lower at AED 630m from 443m shares. On the Nasdaq Dubai as of 14:30, DP World is unchanged at $0.20, Depa is down 2.3% to $0.43, and Boulder Steel has plummeted 25%, or edged down by $0.01 ... to $0.03 but from just one trade. There was a small trade in Emaar derivatives, up 1.4% to AED 2.14. In international markets, Asian and European stocks are up today after broad falls yesterday. Reuters reported that the Dubai Government Bond annouced earlier this week would not be asset backed. So it looks like rumours of Abu Dhabi taking over Emirates Airlines and other Dubai assets remain in the rumour tray. The Dubai airport reported an increase in passenger traffic for January 2009 compared to 12 months previously. January 2009 traffic was about 3.3 million passengers, including a slight increase in foreign journalists taking bus tours and muttering "ghost town, ghost town ...". Average monthly traffic in 2008 was just over 3 million passengers, maximum was slightly higher than last months total, at 3.36 million in August 2008. Dubai Islamic Bank released FY results late yesterday with an implied Q4 result of approximately zero earnings. Insufficient information was supplied to calculate if they made a loss or profit for the quarter. DIB shares rose 10.7% to AED 2.07 on robust trading, perhaps prompted by a generous cash dividend proposal. RAK Cement shares go ex-dividend tomorrow. Union Properties announced FY profits today with an implied loss of AED 38 million for Q4 (Q4 figures were not supplied). The BOD proposed a 10% share dividend. UPP shares started off well but fell throughout the day and closed 2.6% down at AED 0.76. Waha capital is arranging an AED 11 billion loan for the UAE military. Waha shares were 10% limit up with no sellers at the end of trading today. BOD meetings this afternoon include Aramex and Arkan Building Materials. BOD meetings tomorrow include Deyaar and Sudan Telecom. AGMs today for First Gulf Bank and Waha Capital 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 Arabtec (ARTC) and Dubai Financial Market (DFM) were the most heavily traded stocks and both closed 10% limit down. Dubai Islamic Bank (DIB) saw good gains after their results announcement yesterday and Emaar Properties (EMAAR) fell only 2.4%. Most other actively traded stocks fell between 2% and 5%. The short list of gainers included 5% limit up trading for Emirates Integrated Telecommunications (DU), a 4.7% rise for insider trading in Al Sagr National Insurance (ASNIC), and a 2.8% rise for Emarat Takaful Insurance (TAKAFUL-EM). Abu Dhabi Securities Exchange Abu Dhabi National Energy (TAQA) continued its upward trend with a rise of 7.4%, the best gain of the more actively traded stocks, and second spot on the traded value table. The only other actively traded gainers were Waha Capital (OILC) limit up, and Bank of Sharjah (BOS) with a 6.5% rise. Aldar Properties (ALDAR) was the most heavily traded stock by value and fell 0.8%, Sorouh Real Estate (SOROUH) was down 2.5% and Ras Al Khaimah Cement (RAKCC) continued to be fairly active with a 2.7% fall. Emirates Telecom (ETISALAT) pulled back slightly from yesterday's good gains, with a 0.9% drop. Other actively traded losers included Aabar Energy (AABAR) down 5.85%, Finance House (FH) down 1.6% and National Bank of Abu Dhabi (NBAD) down just 0.5%.

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 Wed 25 Feb 2009 14:49 Dubai To Don't Buy rmhumr Wed 25 Feb 2009 13:07 UPP to distribute 0.25 per share? 3973abl Wed 25 Feb 2009 10:59 DIB 2008Q4 earnings AED0.0bn, -100% rmhumr Wed 25 Feb 2009 10:34 UPP 2008Q4 loss AED38m sharewadi Wed 25 Feb 2009 09:58 Dubai $20-bn bonds sharewadi Wed 25 Feb 2009 09:56 Arabtec Prime report sharewadi Wed 25 Feb 2009 09:37 Waha UAE military loan AED11bn Bimcnorth Wed 25 Feb 2009 03:17 DPW Big trade? Bimcnorth Tue 24 Feb 2009 23:57 Nasdaq Dubai opening hours change sharewadi Tue 24 Feb 2009 20:25 DFM Stock Game 2008? sharehunk Tue 24 Feb 2009 20:11 NBF 2008 loss? sharewadi Tue 24 Feb 2009 14:45 Depa Mazagan Morocco sharewadi Tue 24 Feb 2009 13:34 Etisalat dividends 2008 sharewadi Tue 24 Feb 2009 10:52 Dubai bond EFG report Bimcnorth Tue 24 Feb 2009 02:43 UAE merger possibilities Bimcnorth Mon 23 Feb 2009 23:11 BOS 2008Q4 profit Dh69m -56% khurrammts Mon 23 Feb 2009 18:03

best stock rises symbol price change GLOBAL 2.39 +0.26 +12.2% DIB 2.07 +0.20 +10.7% DRIVE 3.54 +0.32 +9.9% TKFL 7.02 +0.63 +9.9% TAQA 1.45 +0.10 +7.4%

worst stock falls symbol price change DFM 1.20 -0.13 -9.8% OEIHC 1.57 -0.17 -9.8% ARTC 1.59 -0.17 -9.7% ALSALAMSUDAN 1.33 -0.14 -9.5% GGICO 2.41 -0.25 -9.4%

top volume symbol value (AED) price DFM 219,383,970 1.20 ARTC 123,204,506 1.59 DIB 98,686,525 2.07 EMAAR 91,835,867 2.05 AIRARABIA 24,936,354 0.95

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