UAE markets 20 Apr 2009

UAE market news & discussions for 20 April 2009 UAE markets pulled back today with some big falls in many of the more actively traded stocks. Abu Dhabi fell 2.65% to 2624 points with turnover of AED 404 million, while Dubai had a heavy drop of 4.48% to 1665 points and turnover just shy of AED 900 million and every traded stock, bar one, in the red. On the Nasdaq Dubai as of 14:45 UAE time, DP World is down 3.7% to $0.26, Depa is unchanged at $0.40, Damas is down 8.8% on one trade, and there has been one small trade in Sorouh derivatives, price 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 Arabtec (ARTC) was the most heavily traded stock with AED 262m worth of trading and an 8.4% fall to 2.19. Emaar Properties (EMAAR) was the only other stock trading more than AED 100m with AED 167m of turnover and share price falling 7.3% to 2.54. Four stocks closed 10% limit down: Shuaa Capital (SHUAA) at 1.03, Deyaar Development (DEYAAR) at 0.66, and Al Salam Bank Sudan (ALSALAMSUDAN) and Al Salam Bank (SALAM_BAH) on low volumes. Other big falls for Drake & Scull (DSI) (-8.5%), Union Properties (UPP) (-8.4%), National General Cooling (TABREED) (-8.0%), Ajman Islamic Bank (AJMANBANK) (-7.3%), Dubai Investment Company (DIC) (-7.0%), and the rest falling between 3% and 7% except for Emirates NBD (ENBD) which fell just 1.4%. Abu Dhabi Securities Exchange Aldar Properties (ALDAR) was the only stock to see more than AED 100m of turnover in Abu Dhabi, and at 3.75, one of 4 stocks closing 10% limit down today. The others were Abu Dhabi Commercial Bank (ADCB), Ras Al Khaimah Cement (RAKCC), and Abu Dhabi National Takaful (TKFL). Big falls on active trading also for Green Crescent Insurance (GCIC) (-8.1%), Ras Al Khaimah Properties (RAKPROP) (-7.25%), Sorouh Real Estate (SOROUH) (-7.0%), Dana Gas (DANA) (-6.7%), Union National Bank (UNB) (-6.6%), and Waha Capital (OILC) (-5.8%). The remaining losers were down less than 5% or on thin trading. National Bank of Abu Dhabi (NBAD) was down 4.3% and Emirates Telecom (ETISALAT) dropped 2.4%. Of the 9 stocks in the green, only 3 saw turnover of more than AED 1m: Bank of Sharjah (BOS) up 1.35%, Commercial Bank International (CBI) up 1.2%, and Sharjah Cement (SCIDC) up just 0.64%.

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 ? GPIC Mon 20 Apr 2009 14:23 ARTC insider selling today maq3012 Mon 20 Apr 2009 14:19 Gulf Navigation buyback jakatta28 Mon 20 Apr 2009 12:20 Best buy stocks UAE? dxb Mon 20 Apr 2009 10:41 13.5 Fils profit for ARTC in 1Q 3973abl Mon 20 Apr 2009 09:04 Marketwatch Abu Dhabi Dubai April 2009 jish Sun 19 Apr 2009 20:31 Al Falah project Moving Average Sun 19 Apr 2009 17:54 The dark side of Dubai sharewadi Sun 19 Apr 2009 17:33 Buy Aabar shares? Joe Sat 18 Apr 2009 12:14 Why the stock market keeps going up sam111sam Fri 17 Apr 2009 19:24 AA dividend checks? mnazarh Thu 16 Apr 2009 21:01 Bankruptcy laws in the US sharewadi Wed 15 Apr 2009 16:02 Dividends 2008 UAE investor007 Mon 13 Apr 2009 15:59 DP World 2008FY profit $621m +48% BuDaViD Mon 13 Apr 2009 01:11 AMLAK TAMWEEL suspended ... delisted? Bimcnorth Fri 10 Apr 2009 14:20 DU New offer Moon Wed 08 Apr 2009 18:35 DFM BOD on April 5... Agenda? utopia02 Wed 08 Apr 2009 12:00

best stock rises symbol price change GMPC 3.04 +0.26 +9.4% INVESTB 1.56 +0.08 +5.4% AKIC 0.92 +0.04 +4.5% FBICO 3.00 +0.10 +3.4% NCC 3.90 +0.10 +2.6%

worst stock falls symbol price change TKFL 5.40 -0.60 -10% ALSALAMSUDAN 2.34 -0.26 -10% SALAM_BAH 1.09 -0.12 -9.9% SHUAA 1.03 -0.11 -9.6% DEYAAR 0.66 -0.07 -9.6%

top volume symbol value (AED) price ARTC 262,226,380 2.19 EMAAR 167,084,412 2.54 ALDAR 126,954,198 3.87 DFM 86,694,778 1.35 SOROUH 70,967,593 2.78

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