UAE markets 26 Mar 2009

UAE market news & discussions for 26 March 2009 The week ended with UAE markets slightly down, both ADX and DFM falling by 0.16% to 2533 and 1588 points respectively. On the bright side, turnover was low with only AED 267m in Dubai and AED 112m in Abu Dhabi - taking off the AED 264m for the newly listed Green Crescent Insurance (GCIC) which obviously distorts the trading volumes. GCIC volumes will not stay at those high levels. On the subject of GCIC, it shot up from IPO price of 1.00 to 1.70 in early trading before falling back to between 1.20 and 1.40 for most of the day, with last trade going through at 1.40. 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 In Dubai there was little to cheer about with most actively traded stocks falling 0-2% including 1.7% for Emaar Properties (EMAAR) and Arabtec (ARTC), and 0.4% for Dubai Islamic Bank (DIB), three of the top 4 stocks by turnover. Dubai Financial Market (DFM) was the other one but closed unchanged at 1.28. Air Arabia (AIRARABIA) was about the only gainer on busy trading, up by 1% to 1.04. Emirates NBD (ENBD) also rose 1% which kept the index from falling deeper into the red, but on thin turnover. Drake & Scull (DSI), Deyaar Development (DEYAAR), Gulf Navigation (GULFNAV), National General Cooling (TABREED), and Union Properties (UPP) all closed unchanged from yesterday. Abu Dhabi Securities Exchange Apart from the big trading in Green Crescent Insurance (GCIC), there were few gainers of note. Abu Dhabi National Energy (TAQA) was up just 1.1% on busy trading, Emirates Telecom (ETISALAT) kept the index up with a 0.74% rise, and Sudan Telecom (SUDATEL) was the only other gainer on more than AED 1m worth of deals, rising 3% to 5.49. Sorouh Real Estate (SOROUH) was the worst of the more active losers, falling 5.5% to 2.38, while the other big property company, Aldar Properties (ALDAR), only fell 0.71%. Arkan Building Materials (ARKAN) fell 4.65% on limited volumes, Dana Gas (DANA) 3.2%, and the remaining losers were down by less than 3% or on thin trading.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
DFM net foreign investment AED133m this week sharewadi Thu 26 Mar 2009 15:10 DP World 2008FY profit $621m +48% maq3012 Thu 26 Mar 2009 09:45 Marketwatch Abu Dhabi Dubai March 2009 spin Thu 26 Mar 2009 09:41 ENBD 2008Q4 profit Dh15m -99% sharewadi Wed 25 Mar 2009 23:29 Emirates NBD AGM Chairman's speech sharewadi Wed 25 Mar 2009 23:23 DIB 2008Q4 earnings AED0.0bn, -100% sharewadi Wed 25 Mar 2009 23:17 Dana Gas buy and sell orders sharewadi Wed 25 Mar 2009 16:08 DP World director's report 2008FY sharewadi Wed 25 Mar 2009 12:11 Green Crescent listing date sharewadi Wed 25 Mar 2009 11:32 DIB rights issue sharewadi Wed 25 Mar 2009 11:29 Have Shares in Dubai and left UAE sharewadi Tue 24 Mar 2009 18:18 Is this the right time to enter again? rmhumr Tue 24 Mar 2009 15:21 ADIB Sukuk sharewadi Tue 24 Mar 2009 14:17 FGB TAIB report sharewadi Tue 24 Mar 2009 13:54 Aramex EFG Hermes report Bimcnorth Tue 24 Mar 2009 02:58 DIB AGM? sharewadi Tue 24 Mar 2009 01:56

best stock rises symbol price change GGICO 2.64 +0.24 +10% NBQ 3.67 +0.33 +9.9% FBICO 2.99 +0.22 +7.9% ASNIC 5.22 +0.19 +3.8% DARTAKAFUL 1.23 +0.04 +3.4%

worst stock falls symbol price change FH 4.31 -0.36 -7.7% SCIDC 1.77 -0.13 -6.8% SOROUH 2.39 -0.14 -5.5% ADNH 2.85 -0.15 -5% ADAVIATION 1.35 -0.07 -4.9%

top volume symbol value (AED) price EMAAR 86,396,065 2.27 DIB 34,008,172 2.69 DFM 30,058,595 1.28 ARTC 29,553,044 1.68 ALDAR 27,074,887 2.80

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