UAE markets 18 May 2009

UAE market news & discussions for 18 May 2009 UAE markets bounced back on increased volumes today with solid gains for many stocks. The ADX was up 1% to 2593 points from turnover of AED 281m, and the DFM was up 1.8% to 1647 points from turnover of AED 352m. On the Nasdaq Dubai at 14:00 UAE time, DP World is down 0.57% to $0.35, Depa is unchanged at $0.47, and Dana Gas derivatives have seen a single trade, up 7.5%. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Arabtec (ARTC) continues to dominate trading in Dubai, with AED 129m worth of deals today, and a 3.7% rise to 2.54. Emaar Properties (EMAAR), in number 2 spot on turnover, rose 2.8% to 2.57 from AED 49m worth of trading. Al Salam Bank Sudan (ALSALAMSUDAN) was the best gainer on more than AED 1m of turnover (just) with a 13.1% rise to 2.25. Arab International Logistics (ARMX) and Al Salam Bank (SALAM_BAH) each rose 5.2%, Gulfa Mineral Water (GULFA) and Dubai National Insurance & Reinsurance (DNIR) were 5% limit up on thin trading, Dubai Islamic Insurance (AMAN) rose 4.6%, and most other stocks rose between 1% and 4%. The only loser was Gulf General Investment (GGICO), down 2.9% to 1.70. Abu Dhabi Securities Exchange Dana Gas (DANA) was the most heavily traded stock in Abu Dhabi, closing 10% limit up from 64m worth of deals, and no sellers in the queue. Aldar Properties (ALDAR) saw trading of AED 60m worth and rose 1.6% to 3.80. Methaq Islamic Insurance (METHAQ), Umm Al Quwain Cement (QCEM), Union Cement (UCC), and Ras Al Khaimah White Cement (RAKWCT) all closed 10% limit up. Other good gains for Green Crescent Insurance (GCIC) up 5.8%, Waha Capital (OILC) up 4.3%, and First Gulf Bank (FGB) up 4.0%. Most other stocks rose between 1% and 4%. Emirates Telecom (ETISALAT) was up just 0.2%. Out of the 12 losers, only Commercial Bank International (CBI), down 0.4%, fell on trading of more than AED 1m. National Bank of Abu Dhabi (NBAD) dropped by just 0.1% 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
Aldar vs Sorouh vs RAK Properties sam111sam Sun 17 May 2009 18:09 What if I be a full time trader? limitup Sun 17 May 2009 16:47 Dubai Mall Rental Revenue Dsh950 in 2009 sam111sam Sun 17 May 2009 16:44 Market Watch thajuddeen Sun 17 May 2009 16:13 Gulf Navigation recovery not yet sharewadi Sun 17 May 2009 13:33 Air Arabia shares sell? limitup Sat 16 May 2009 19:47 Credit Suisse report UAE banks D0nQuixote Fri 15 May 2009 10:23 DFM Dividend checks received? utopia02 Thu 14 May 2009 15:43 UPP buy or sell? bandakok Thu 14 May 2009 11:47 GGICO 2008Q4 loss Dh-24m -112% thajuddeen Thu 14 May 2009 09:03 Best buy today for Dubai day trade? sharewadi Wed 13 May 2009 16:02 ARTC insider selling today sharewadi Wed 13 May 2009 15:44 ETISALAT Iran mobile licence ixtira Tue 12 May 2009 23:37 DST member introductions sharewadi Tue 12 May 2009 14:08 Important(ish) News from DRC AGM sharewadi Mon 11 May 2009 19:06 SUDATEL 2008Q4 profit Dh87m +61% ixtira Mon 11 May 2009 18:39 What is Insider Trading? sharewadi Mon 11 May 2009 15:26

best stock rises symbol price change ALSALAMSUDAN 2.25 +0.26 +13.1% UNION 3.86 +0.34 +9.7% QCEM 0.91 +0.08 +9.6% UCC 1.82 +0.16 +9.6% METHAQ 3.44 +0.28 +8.9%

worst stock falls symbol price change ADSB 3.34 -0.37 -10% GMPC 2.60 -0.19 -6.8% FOODCO 1.91 -0.10 -5% ASMAK 20.45 -1.05 -4.9% GGICO 1.70 -0.05 -2.9%

top volume symbol value (AED) price ARTC 129,090,025 2.54 DANA 63,762,638 0.94 ALDAR 59,646,687 3.79 EMAAR 48,519,488 2.57 GCIC 41,436,080 1.28

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