UAE markets 03 May 2009

UAE market news & discussions for 03 May 2009 The UAE markets kicked off the month of May, and a new trading week, with falling stock prices but low trading volumes. Abu Dhabi ADX was down 0.31% to 2519 points with turnover of AED 132m. Dubai's DFM fell 1.3% to 1585 points from turnover of AED340m. On the Nasdaq Dubai, DP World fell 5.6% and Depa fell 2.8%. Surprisingly, Depa saw greater turnover than DP World although volumes for both stocks were light. 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, and the only one trading more than AED 100m worth as it fell 3.8% to 2.04. Most other stocks were in the red, with Islamic Arab Insurance (IAIC) down 4.9% and Deyaar Development (DEYAAR) down 4.8% the worst of the more actively traded companies. Ajman Islamic Bank (AJMANBANK) fell 4.5%, Drake & Scull (DSI), Union Properties (UPP), Dubai Financial Market (DFM), and Dubai Islamic Insurance (AMAN) all fell just under 4%, Gulf Navigation (GULFNAV) was down 3.2%, Emaar Properties (EMAAR) and National General Cooling (TABREED) 3%, and the remainder by less than 2.5% or on low volumes. There were only 4 gainers including Emirates NBD (ENBD) up 1.8% but none on turnover of more than AED 1m. Abu Dhabi Securities Exchange Aldar Properties (ALDAR) was the most active stock in Abu Dhabi but that was still only AED 43m worth of deals as the price fell 1.5% to 3.25. Bank of Sharjah (BOS) saw relatively higher than usual activity, taking number two spot on the turnover table, and falling 2.7% to 1.42. Other losers included First Gulf Bank (FGB) down 3.9% on low volumes, Ras Al Khaimah Properties (RAKPROP) down 3.3%, Union National Bank (UNB) down 3.1% also on low volumes, Waha Capital (OILC) down 2.8%, Ras Al Khaimah White Cement (RAKWCT) down 2.6% and the remainder falling less than 2.5% or on turnover of less than AED 1m. Four stocks closed at 10% limit up prices although total turnover between them was barely over AED 1m. They were Sharjah Cement (SCIDC), Abu Dhabi National Takaful (TKFL), Al Khazna Insurance (AKIC), and Qatar Telecom (QTEL). Only two gainers traded more than AED 1m worth - Emirates Telecom (ETISALAT) up 0.6% and Abu Dhabi Islamic Bank (ADIB) up 1.4%.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
Aramex 2009Q1 profit AED43m +19% sharewadi Sun 03 May 2009 15:39 DIC 2009Q1 profit AED269m -45% sharewadi Sun 03 May 2009 13:36 Market Watch sam111sam Sun 03 May 2009 08:28 UAE dividend checks? klaus Sun 03 May 2009 08:24 Buy Aabar shares? small fry Sat 02 May 2009 22:28 Sharewadi & Sam local heroes investor Sat 02 May 2009 22:26 DFM Dividend checks received? mnazarh Fri 01 May 2009 09:01 EMAAR 2009Q1 profit AED237m -74% sam111sam Thu 30 Apr 2009 15:21 Where is the next party ? sharewadi Thu 30 Apr 2009 15:16 Emirates NBD 2009Q1 profit AED1.3bn +5% sharewadi Thu 30 Apr 2009 12:52 Emaar AGM sharewadi Thu 30 Apr 2009 00:56 DU Upper limit... Moon Wed 29 Apr 2009 20:31 DFM 2009Q1 profit AED59m -81% sharewadi Wed 29 Apr 2009 16:49 DP World $2.30 on Mubasher!? Foreigner Wed 29 Apr 2009 12:46 House prices may plunge 70% in Dubai (!) shareef.abdulka Wed 29 Apr 2009 09:27 Aldar 2009Q1 profit AED889m -35% sam111sam Tue 28 Apr 2009 19:05 UAE banks Global report sharewadi Tue 28 Apr 2009 16:42

best stock rises symbol price change GMPC 3.33 +0.29 +9.5% SCIDC 1.73 +0.15 +9.5% NBQ 3.55 +0.30 +9.2% TKFL 5.22 +0.44 +9.2% GGICO 2.00 +0.16 +8.7%

worst stock falls symbol price change NMDC 7.20 -0.72 -9.1% ASMAK 24.50 -2.00 -7.5% TAKAFUL-EM 1.18 -0.07 -5.6% IAIC 0.78 -0.04 -4.9% DEYAAR 0.59 -0.03 -4.8%

top volume symbol value (AED) price ARTC 144,888,866 2.04 EMAAR 45,231,597 2.28 ALDAR 43,405,918 3.31 DIC 40,651,506 1.41 DFM 29,853,105 1.26

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