UAE markets 07 May 2009

UAE market news & discussions for 07 May 2009 It was a good finish to the first week of May 2009 for Abu Dhabi but Emaar dragged the index down in Dubai despite heavy trading in Arabtec continuing with news of potentially lucrative contracts for them in Abu Dhabi. The ADX rose 1.1% to 2620 points from turnover of AED 404m while the DFM was down 0.67% to 1644 points from turnover of 1.2 billion, well over a third of that from trading in Arabtec. On Nasdaq Dubai, at 14:30 UAE time, DP World is up a solid 14.6% to US$0.36 from heavier than usual volumes, Depa is up 7.25% from one small trade, Boulder Steel is unchanged - also from just one trade, and GOLD is up 1.6%. UAE financial news - latest news from Reuters, Bloomberg and UAE media Sharewadi calendar - important dates Dubai Financial Market As mentioned, Arabtec (ARTC) saw almost half a billion dirhams worth of shares traded and rose 1.7% to 2.39. Drake & Scull (DSI) was in number two spot on the turnover table with almost AED 200m worth of deals, and topped the gainers list with a 5.3% rise to 0.79, apart from one small 15% limit up trade for Arab Insurance Group (ARIG). Two other stocks traded more than AED 100m worth - Emaar Properties (EMAAR), down 1.2%, and Air Arabia (AIRARABIA) up 1.1%. National General Cooling (TABREED) rose 4.35% and the remaining gainers were up less than 2%. Several stocks were unchanged, including Emirates NBD (ENBD) on low volumes, Gulf Navigation (GULFNAV) and Ajman Islamic Bank (AJMANBANK). The losers list was topped by Dubai Investment Company (DIC) falling 10% after going ex-dividend. Other losers fell less than 2% or on turnover of less than AED 1m. Abu Dhabi Securities Exchange Aldar Properties (ALDAR) was the only stock on the ADX trading more than AED 100m, and rose 1.8%. Top gainers were the banks with Union National Bank (UNB) up 9.2%, First Gulf Bank (FGB) up 7.6%, National Bank of Abu Dhabi (NBAD) up 5.6% on heavier than usual trading, and Sharjah Islamic Bank (NBS) up 4.0% also on heavier than usual trading. Other gainers were up less than 2% or on turnover of less than AED 1m. Emirates Telecom (ETISALAT), Agthia Group (AGTHIA), and Ras Al Khaimah Properties (RAKPROP) were unchanged. In the list of 14 losers, Abu Dhabi National Energy (TAQA) fell 1.6%, Waha Capital (OILC) 1.3%, and the remainder less than 1% or on low volumes.

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
Arabtec new projects $4.5 billion! sharewadi Thu 07 May 2009 14:33 DP World - Price / Volumes tk Thu 07 May 2009 14:31 DIC entitlement date sharewadi Thu 07 May 2009 14:26 Sharewadi Annual Meeting - (Suggestions) sharewadi Thu 07 May 2009 14:25 Where is the next party ? sam111sam Thu 07 May 2009 08:50 Aldar Vs Sorouh spin Thu 07 May 2009 08:13 Market Watch thajuddeen Thu 07 May 2009 06:25 Rak Prop dividend MNK Wed 06 May 2009 14:29 Dana dividend novice Wed 06 May 2009 11:45 ARTC insider selling today Cash King Wed 06 May 2009 08:51 Sharewadi & Sam local heroes sharewadi Tue 05 May 2009 15:53 UAE dividend checks? khurrammts Mon 04 May 2009 16:49 UPP 2009Q1 profit 30m -87% sharewadi Mon 04 May 2009 16:06 EMAAR 2009Q1 profit AED237m -74% sharewadi Mon 04 May 2009 15:40 Aramex 2009Q1 profit AED43m +19% sharewadi Sun 03 May 2009 15:39 DIC 2009Q1 profit AED269m -45% sharewadi Sun 03 May 2009 13:36 Buy Aabar shares? small fry Sat 02 May 2009 22:28

best stock rises symbol price change ARIG 2.03 +0.26 +14.7% UNB 3.08 +0.26 +9.2% FH 5.03 +0.40 +8.6% FGB 11.30 +0.80 +7.6% NBAD 10.20 +0.54 +5.6%

worst stock falls symbol price change DIC 1.20 -0.13 -9.8% ADSB 3.38 -0.35 -9.4% GCEM 2.54 -0.26 -9.3% ADAVIATION 1.91 -0.15 -7.3% ALFIRDOUS 1.04 -0.05 -4.6%

top volume symbol value (AED) price ARTC 484,552,147 2.39 DSI 191,333,808 0.79 EMAAR 133,436,404 2.48 ALDAR 126,257,617 3.89 AIRARABIA 111,279,217 0.94

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