UAE markets 29 Mar 2009

UAE market news & discussions for 29 March 2009 Both markets started off the week in the green with Abu Dhabi up 0.53% to 2546 points from AED 181m (more than half of that from trading in the newly listed GCIC), and Dubai up 1% to 1605 points from moderate turnover of AED 320m. On the Nasdaq Dubai at 13:30 UAE time, DP World and Boulder Steel are the only stocks trading so far, both unchanged. 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 Trading in Dubai was, unusually, dominated by Air Arabia (AIRARABIA) shares, up 2.9% to 1.07 with AED 78m worth of deals. Islamic Arab Insurance (IAIC) stood out with a 15% limit up rise to 0.79 and number three spot on the turnover list. Union Properties (UPP) rose a decent 5.9%, Deyaar Development (DEYAAR) 4.1%, Dubai Islamic Bank (DIB) 3%, Emaar Properties (EMAAR) 0.9%, and the other gainers by less than 2% or on thin trading. Out of 5 losers, only Drake & Scull (DSI) down 1.5% and Gulf General Investment (GGICO) down 0.76% saw turnover of more than AED 1m. Dubai Financial Market (DFM), Gulf Navigation (GULFNAV), and Emirates Integrated Telecommunications (DU) were unchanged. Abu Dhabi Securities Exchange Green Crescent Insurance (GCIC) saw just over AED 100m worth of shares traded and rose 4.6% to 1.31, and was the best of the more actively traded gainers. Abu Dhabi National Energy (TAQA) was up 2.7%, Waha Capital (OILC) 2.6%, Emirates Telecom (ETISALAT) 1.5%, National Bank of Abu Dhabi (NBAD) 1.1%, and the other gainers up less than 2% or on thin volumes. Sorouh Real Estate (SOROUH) was the worst of the actively traded losers, falling 3.8% to 2.30. Ras Al Khaimah Cement (RAKCC) fell 3.25%, Arkan Building Materials (ARKAN) 2.4%, Aldar Properties (ALDAR) 2.1%, First Gulf Bank (FGB) 1.4%, and the other losers by less than 1% or on thin trading.

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
Green Crescent listing date sharewadi Sun 29 Mar 2009 15:20 Air Arabia 2008Q4 profit AED136m +45% sharewadi Sun 29 Mar 2009 15:11 Marketwatch Abu Dhabi Dubai March 2009 sharewadi Sun 29 Mar 2009 14:59 AMLAK TAMWEEL suspended ... delisted? Bimcnorth Sun 29 Mar 2009 14:44 DP World 2008FY profit $621m +48% nastyrunner Fri 27 Mar 2009 22:06 Is this the right time to enter again? wisk Fri 27 Mar 2009 09:33 DFM net foreign investment AED133m this week sharewadi Thu 26 Mar 2009 15:10 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 DIB rights issue sharewadi Wed 25 Mar 2009 11:29 Have Shares in Dubai and left UAE sharewadi Tue 24 Mar 2009 18:18 ADIB Sukuk sharewadi Tue 24 Mar 2009 14:17 FGB TAIB report sharewadi Tue 24 Mar 2009 13:54

best stock rises symbol price change IAIC 0.79 +0.10 +14.5% NBQ 4.03 +0.36 +9.8% ADAVIATION 1.48 +0.13 +9.6% DRIVE 4.20 +0.30 +7.7% UPP 0.72 +0.04 +5.9%

worst stock falls symbol price change UNION 4.15 -0.42 -9.2% EKTTITAB 0.67 -0.05 -6.9% DARTAKAFUL 1.15 -0.08 -6.5% AKIC 0.78 -0.05 -6% SCIDC 1.67 -0.10 -5.6%

top volume symbol value (AED) price GCIC 102,637,093 1.38 AIRARABIA 77,874,221 1.07 EMAAR 63,184,155 2.29 IAIC 38,002,596 0.79 DEYAAR 27,472,044 0.51

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