UAE markets 24 Mar 2009

UAE market news & discussions for 24 March 2009 A happy day in the UAE today with solid gains and several of the more actively traded stocks seeing gains of 10% or more. The Abu Dhabi market had a solid 4.5% rise to 2534 points, and turnover also up, to AED 267m worth. Dubai saw a similar gain, of 4.1% to 1622 points, and markedly improved volumes at AED 1.4 billion worth from over 1 billion shares. Were punters listening to Mark Mobius of Templeton Asset Management who reportedly said emerging markets were at the start of a bull run? Or the US Government announcing plans to up their bailout fund to $1 trillion (which is about six times the UAE GDP)? On the Nasdaq Dubai at 14:30 UAE time, DP World is up another 2 cents today, to $0.23, ahead of their FY results announcement tomorrow, Depa is unchanged, a couple of Emaar derivatives have been traded, up 10.6%, Boulder Steel has plunged 25% (but that's only one cent), and GOLD is down 1.6% on a single trade. Taqa bought back 6 million shares today Dubai Islamic Bank board will discuss a capital increase of AED 3 billion Aramex and First Gulf Bank were rated buys in a couple of different reports this week. 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 (today and tomorrow below) Tuesday 24 March 2009 ADNIC AGM? 50% cash dividend? unconfirmed. AWNIC AGM 08FY, 10% cash dividend proposed (unconfirmed)? EMAAR AGM postponed to new date (to be announced) FBICO record date for 10% share and 10% cash dividends (if approved at AGM) MASQ ex-dividend date NIH BOD meeting SICO AGM? Date not confirmed, possibly 10% cash & 10% share dividend? TABREED AGM, no dividends proposed UPP 08FY financial statements (DFMw, am), preliminary results 25 Feb 2009 WARE (Agility) 08FY preliminary results (DFM, during trading) AGTHIA 2:30pm BOD meeting discuss 08FY results, dividends, AGM date Wednesday 25 March 209 AHI 4:30pm BOD meeting, routine business matters AHI AGM, proposed cash dividend 110% AKIC BOD meeting CBD last trading day for dividend eligibility DHAFRA last trading day for dividend eligibility DANA 11:00am BOD meeting review 08FY results DIB 4:00pm BOD meeting - Tier II capital conversion and AED 3 bn capital increase DIB AGM 08FY, 25% cash & 5% share dividend proposed DNIR AGM & EGM (proposed dividends unknown), date changed from 16 Mar 2009 DPW 10:00am 08FY financial results announcement press conference DPW 2008 FY financial results due (DPW press release) EIB last trading day for dividend eligibility ENBD AGM, 20% cash, 10% share dividend proposed. INVESTB AGM, maybe 5% cash dividend (unconfirmed) MASQ record date 10% cash dividend & 10% bonus shares NBQ last trading day for dividend eligibility (unconfirmed) NBS SIB AGM, agenda not supplied. Rescheduled to 21 Mar 2009 (unconfirmed)? SCIDC last trading day for dividend eligibility? Unconfirmed. SOROUH last trading day for dividend eligibility TKFL last trading day for dividend eligibility UCC AGM 08FY, 10% cash and 5% share dividend proposed UCC 9:30am BOD meeting, agenda includes review Jan-Feb 2009 results and AGM agenda Dubai Financial Market Emaar Properties (EMAAR) topped both the gainers and traded value lists with a big 10.5% rise to 2.42 from over AED 300m of trading. Dubai Financial Market (DFM) shares were not too shabby either, taking second spot on turnover with AED 276m worth and a 7.3% rise to 1.32. Dubai Islamic Bank (DIB) rose almost as much as Emaar, up 10.3% to 2.79 and traded over AED 100m worth. Arabtec (ARTC) and Air Arabia (AIRARABIA) were the other two stocks with more than AED 100m of turnover, rising by 6% and 2% respectively. Most other stocks rose between 1% and 5%. There were only two losers, the two Bahrain bank secondary listings, on low turnover. And Drake & Scull (DSI), Ajman Islamic Bank (AJMANBANK), and Dubai Investment Company (DIC) were unchanged. Abu Dhabi Securities Exchange Sorouh Real Estate (SOROUH) closing trades were 10% limit up at 2.57, and topped the turnover list with AED 56m worth of deals. Other stocks with final trades going through at 10% limit up prices included First Gulf Bank (FGB) and Aldar Properties (ALDAR), both with no sellers in the queue at the end of the session, along with a few others on thin trading. Emirates Telecom (ETISALAT) saw a solid 8% rise to 13.65 and was faily busy. Arkan Building Materials (ARKAN) was up 6.8%, Abu Dhabi National Energy (TAQA) 5.6%, Union National Bank (UNB) 5.1%, and the remainder by less than 5%. There were 7 losers, none with turnover of more than AED 1m.

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
ADIB Sukuk sharewadi Tue 24 Mar 2009 14:17 Is this the right time to enter again? small fry Tue 24 Mar 2009 14:13 FGB TAIB report sharewadi Tue 24 Mar 2009 13:54 DIB rights issue sharewadi Tue 24 Mar 2009 10:32 Aramex EFG Hermes report Bimcnorth Tue 24 Mar 2009 02:58 DIB AGM? sharewadi Tue 24 Mar 2009 01:56 ETISALAT 2008Q4 profit Dh1.4bn -20% sharewadi Tue 24 Mar 2009 01:49 Air Arabia 2008Q4 profit AED136m +45% sharewadi Mon 23 Mar 2009 21:07 Etisalat CEO resignation sharewadi Mon 23 Mar 2009 20:37 Aabar buys Daimler stake Bimcnorth Mon 23 Mar 2009 19:56 RAK Ceramics Global report sharewadi Mon 23 Mar 2009 16:48 Salam Bank Bahrain Saudi merger sharewadi Mon 23 Mar 2009 15:21 DEYAAR 08Q4 profit Dh340m +62% sharewadi Mon 23 Mar 2009 15:18 EIC 2008Q4 profit Dh6.4m -75% sharewadi Mon 23 Mar 2009 15:15 DIC 2008Q4 loss AED110m -125% sharewadi Mon 23 Mar 2009 15:12 UAE Sheikh Ahmed Juma dies sharewadi Mon 23 Mar 2009 10:40 Economy on the way up? sam111sam Mon 23 Mar 2009 08:39

best stock rises symbol price change EMAAR 2.42 +0.23 +10.5% DIB 2.79 +0.26 +10.3% JULPHAR 1.54 +0.14 +10% EKTTITAB 0.79 +0.07 +9.7% RAKCEC 1.36 +0.12 +9.7%

worst stock falls symbol price change GMPC 3.92 -0.43 -9.9% QCEM 0.77 -0.08 -9.4% OEIHC 1.00 -0.10 -9.1% ALSALAMSUDAN 1.09 -0.03 -2.7% FH 4.25 -0.11 -2.5%

top volume symbol value (AED) price EMAAR 310,303,240 2.42 DFM 276,830,296 1.32 ARTC 192,798,308 1.76 AIRARABIA 186,678,228 1.04 DIB 145,183,738 2.79

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