UAE markets 12 Mar 2009

UAE market news & discussions for 12 March 2009 Nasser Al Shaikh, the head of the Dubai finance department, said today that money from the $10 billion emergency fund would be distributed to Dubai companies within the next couple of weeks according to a Reuters report. The Dubai and Abu Dhabi markets fell, although there was a sharp rally in Dubai in the last few minutes of trading, perhaps reflecting a market response to Mr Al Shaikh's comment. Nevertheless, the DFM index was down 0.75% to 1504 points with relatively low turnover of AED 269m from 211m shares. The ADX fell 1.3% to 2319 points with even lower turnover of just AED 61m from 41m shares - a slight rise in Etisalat shares propping up the index and obscuring harsh falls in most of the more active stocks. A busy day on the Nasdaq Dubai so far, at 1530 UAE time, DP World and Depa are trading unchanged, Boulder Steel (BGD) had a screaming 50% increase but that's only $0.01, and was from just 1 trade, and other listings traded included Arabtec derivatives (down 5.4%), DP World derivatives (unchanged), GOLD (up 1.9%), Damas (down 10%), and Qatar Index Certificates (unchanged) - all securities seeing only 1 or 2 trades except for DP World. European and Asian stocks are down, although Indian stocks are up, and US stock futures are down. Emaar announced that the AGM scheduled for 24 March 2009 would be postponed (a new date or reason was not supplied). Today was the last trading day for Salam International Investment shares on the DFM (primary listing in Qatar) but no shares were traded (and haven't been since 11 December 2008). Kingdom Hotel Investments announced 2008 FY preliminary results, Net Profit falling 60% to $17.1m from $42.3m for 2007 FY, impacted by wrtie-offs related to suspended or cancelled projects. 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 No stocks saw trading of more than AED 100m in Dubai today, the top three by turnover were Arabtec (ARTC) (down 3%), Emaar Properties (EMAAR), and Dubai Financial Market (DFM) (both unchanged). Out of 5 gainers, 3 saw trading of more than AED 1m: Dubai Islamic Insurance (AMAN) up 2.25%, Air Arabia (AIRARABIA) up 2.2%, and Arab International Logistics (ARMX) up 0.94%. Emarat Takaful Insurance (TAKAFUL-EM) was the worst of the losers on turnover of more than AED1m, falling 3.4%. Gulf Navigation (GULFNAV) fell 3.3%, Union Properties (UPP) 3.0%, Emirates NBD (ENBD) 2.9%, and the remainder fell about 2% or less. Abu Dhabi Securities Exchange Aldar Properties (ALDAR) was the only stock in Abu Dhabi with more than AED 10m of turnover, falling 6.4% to 2.19 on AED 26m worth of shares. Qatar Telecom (QTEL) jumped 9.8% but that was from just 1 small trade of less than 100 shares, while Emirates Telecom (ETISALAT) was the only gainer on trading of more than AED 1m, rising just 0.81% to 12.50. Arkan Building Materials (ARKAN) was limit down yet again but turnover restricted to just AED 156k worth due to lack of sellers in the queue. Waha Capital (OILC) fell 8.3%, National Bank of Abu Dhabi (NBAD) 7.7%, Abu Dhabi National Energy (TAQA) 4.6%, First Gulf Bank (FGB) 4.2%, and the remainder by less than 4% or on thin trading.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
KHI 2008FY results sharewadi Thu 12 Mar 2009 15:28 KHI new CFO sharewadi Thu 12 Mar 2009 15:06 EMAAR 2008Q4 loss AED1.77bn -202% bandakok Thu 12 Mar 2009 10:42 NBAD 2008 Q4 profit AED492m -34% sharewadi Wed 11 Mar 2009 22:52 ARIG S&P rating withdrawn sharewadi Wed 11 Mar 2009 22:44 DEPA buyback sharewadi Wed 11 Mar 2009 22:35 Damas buyback sharewadi Wed 11 Mar 2009 22:30 Marketwatch Abu Dhabi Dubai March 2009 sam111sam Wed 11 Mar 2009 19:29 Buy one get one for free fadi Wed 11 Mar 2009 19:14 GULFNAV 2008Q4 profit Dh11m -76% sharewadi Wed 11 Mar 2009 16:12 Qatar government stock bailout rmhumr Wed 11 Mar 2009 13:43 2009 forecasts DFM ADX NasdaqDubai sharewadi Wed 11 Mar 2009 10:06 Drake Scull 2009 profit forecast sharewadi Wed 11 Mar 2009 09:52 Amlak Tamweel merger committee Bimcnorth Wed 11 Mar 2009 02:50 ADCB 2008Q4 loss AED140m sharewadi Wed 11 Mar 2009 01:32 ARKAN 2008Q4 loss Dh450m -864% sharewadi Wed 11 Mar 2009 00:50 Aman insurance S&P rating downgrade sharewadi Tue 10 Mar 2009 23:13

best stock rises symbol price change QTEL 108.90 +9.70 +9.8% QCEM 0.88 +0.07 +8.6% ADNH 2.77 +0.22 +8.6% NBQ 3.85 +0.24 +6.6% UCC 2.11 +0.08 +3.9%

worst stock falls symbol price change ARKAN 3.82 -0.42 -9.9% EKTTITAB 0.56 -0.06 -9.7% NMDC 5.95 -0.55 -8.5% OILC 0.66 -0.06 -8.3% FH 4.28 -0.37 -8%

top volume symbol value (AED) price ARTC 67,226,031 1.61 EMAAR 63,185,768 2.02 DFM 57,274,034 1.17 ALDAR 26,421,767 2.19 DIB 20,975,932 2.31

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