UAE markets 02 Apr 2009

UAE market news & discussions for 02 April 2009 Both UAE markets rallied strongly to finish the week on a positive note. Dubai was up 1.2% to 1583 points from just over half a billion dhs worth of trading with Emaar Properties leading the way. Abu Dhabi bank and property stocks also performed well and helped push up the index 2.3% to 2497 points from turnover of AED 342m. A slow day on the Nasdaq Dubai though with DP World up 8.3%, and one trade in Emaar derivatives, up 5.9%, the only other listing to show any activity as of 16:00 UAE time. 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 Almost all stocks were in the green in Dubai with Emaar Properties (EMAAR) up 7.3% to 2.36 and Drake & Scull (DSI) up 5.9% to 0.72 the only two stocks to trade more than AED 100m worth. Dubai Islamic Insurance (AMAN) stood out with 15% limit up trading and no sellers at the end of the session. Islamic Arab Insurance (IAIC) rose 6.7%, Dubai Financial Market (DFM) and Deyaar Development (DEYAAR) were up more than 5%, and most other stocks saw gains of 2%-5%. Only three stocks were in the red, Dubai Islamic Bank (DIB) shares ex-dividend today resulting in a 10% limit down adjustment, Commercial Bank of Dubai (CBD) down 4.9% from thin trading, and Air Arabia (AIRARABIA) falling 1%. Abu Dhabi Securities Exchange Sorouh Real Estate (SOROUH) dominated trading in Abu Dhabi with just over AED 100m of turnover, and a 6.2% rise to 2.40. Aldar Properties (ALDAR) closed 10% limit up at 3.02 and turnover no doubt limited by the lack of willing sellers. Union National Bank (UNB), International Fish Farming (ASMAK), and Abu Dhabi Aviation (ADAVIATION) also closed at 10% limit up prices although turnover was relatively light, especially for Asmak. Green Crescent Insurance (GCIC) had a solid 6.4% rise from busy trading, National Bank of Abu Dhabi (NBAD) was up 6.5%, Dana Gas (DANA) 5%, First Gulf Bank (FGB) 4.85%, Abu Dhabi Commercial Bank (ADCB) 4.3%, and most other stocks rose between 1% and 4% or on turnover of less than AED 1m. Emirates Telecom (ETISALAT) rose 1.9% to 10.40. There were only 6 losers, all on low volumes, with only Arkan Building Materials (ARKAN) and Sharjah Islamic Bank (NBS) trading more than AED 1m (just barely) and both falling about 1.25% each.

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
Where is the next party ? sam111sam Thu 02 Apr 2009 16:17 Marketwatch Abu Dhabi Dubai April 2009 maq3012 Thu 02 Apr 2009 15:12 Non capping special reserve of app. 200m? utopia02 Thu 02 Apr 2009 13:34 Deyaar suspends developments tk Thu 02 Apr 2009 12:39 Dana Gas buy and sell orders dov222 Thu 02 Apr 2009 01:01 Air Arabia 2008Q4 profit AED136m +45% dov222 Thu 02 Apr 2009 00:51 DFM BOD on April 5... Agenda? Sher Thu 02 Apr 2009 00:33 Buy Aabar shares? Joe Wed 01 Apr 2009 03:15 Bank Lending Rates Drops 20% in UAE Bimcnorth Tue 31 Mar 2009 23:08 Marketwatch Abu Dhabi Dubai March 2009 bandakok Tue 31 Mar 2009 00:23 DSI - Does it worth Bimcnorth Mon 30 Mar 2009 00:10 AMLAK TAMWEEL suspended ... delisted? Bimcnorth Mon 30 Mar 2009 00:06

best stock rises symbol price change AMAN 1.04 +0.13 +14.3% ASMAK 30.70 +2.70 +9.6% ADAVIATION 1.54 +0.12 +8.5% UCC 2.15 +0.16 +8% ALDAR 2.97 +0.22 +8%

worst stock falls symbol price change NBQ 3.96 -0.43 -9.8% DIB 2.33 -0.25 -9.7% CBD 2.90 -0.15 -4.9% SCIDC 1.46 -0.03 -2% ARKAN 3.92 -0.05 -1.3%

top volume symbol value (AED) price DSI 105,309,274 0.72 SOROUH 102,485,761 2.40 EMAAR 100,230,331 2.36 ARTC 77,600,499 1.73 DFM 52,752,224 1.31

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.