UAE markets 20 May 2009

UAE market news & discussions for 20 May 2009 Both UAE markets edged down on lower volumes today, ADX by just 0.12%, or 3 points, to 2613 points from turnover of AED 370m, while the DFM fell 0.2%, also 3 points, to 1662 from turnover of AED 304m. On the Nasdaq Dubai at 14:00 UAE time, DP World is up 2.9%, Depa +1.05%, and a small derivative trade in Shuaa, down 2.3%. Big news this afternoon is the withdrawal of the UAE from the GCC monetary union. Unless it's a negotiating tactic to force a rethink of the GCC Central Bank location. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Arabtec (ARTC) was the only stock with more than AED 100m worth of deals, falling 0.76% to 2.60 from AED 125m of turnover. Emaar Properties (EMAAR) was second on traded value with AED 53m worth and a 1.5% fall to 2.60. Most of the actively traded stocks fell between 0% and 3%, or were unchanged. Exceptions were Arab International Logistics (ARMX) down 4.9%, and Al Salam Bank Sudan (ALSALAMSUDAN) down 6.4% on thin trading. There were only 5 gainers, and only two of them on turnover of more than AED 1m - Emirates NBD (ENBD) up 3.85%, and Ajman Islamic Bank (AJMANBANK) up 0.95%. Abu Dhabi Securities Exchange Ras Al Khaimah Properties (RAKPROP) was at the top of the traded value list in Abu Dhabi today, with AED 58m worth of deals and a 1.6% rise to 0.64. Several other stocks traded around AED 50m worth - Dana Gas (DANA) +1%, Aldar Properties (ALDAR) -0.51%, Ras Al Khaimah Cement (RAKCC) +2.4%, and Agthia Group (AGTHIA) +5%. Top stock of the day was Methaq Islamic Insurance (METHAQ) closing 10% limit up, as did Union Cement (UCC) but on only 3 trades. Other gainers rose less than 2.5% or on low volumes, including National Bank of Abu Dhabi (NBAD) up 0.42%. Green Crescent Insurance (GCIC) was the worst of the more active losers with a 3.2% fall, First Gulf Bank (FGB) fell 2.1%, and the remainder by less than 1.5% or on low volumes. Emirates Telecom (ETISALAT) was down just 0.1%.

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
Market Watch thajuddeen Wed 20 May 2009 14:12 UAE withdraws from GCC monetary union sharewadi Wed 20 May 2009 14:00 Aldar vs Sorouh vs RAK Properties sam111sam Tue 19 May 2009 15:48 UPP buy or sell? maq3012 Tue 19 May 2009 15:43 Sharewadi Annual Meeting - (Suggestions) adeelakhtar Tue 19 May 2009 15:42 Dubai Mall Rental Revenue Dsh950 in 2009 sammy Tue 19 May 2009 13:01 DFM Dividend checks received? dxb Mon 18 May 2009 21:32 RAK Properties dividend Tenbagger Mon 18 May 2009 20:48 What if I be a full time trader? limitup Sun 17 May 2009 16:47 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 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

best stock rises symbol price change UCC 1.80 +0.16 +9.8% ASMAK 24.55 +2.10 +9.4% METHAQ 4.00 +0.31 +8.4% EKTTITAB 1.04 +0.07 +7.2% JULPHAR 1.39 +0.07 +5.3%

worst stock falls symbol price change UNION 3.45 -0.29 -7.8% ALSALAMSUDAN 2.20 -0.15 -6.4% RAKBANK 3.60 -0.20 -5.3% ARMX 1.16 -0.06 -4.9% GCEM 2.20 -0.11 -4.8%

top volume symbol value (AED) price ARTC 125,237,648 2.60 RAKPROP 58,371,031 0.63 EMAAR 53,149,719 2.60 DANA 52,377,761 1.01 ALDAR 48,793,740 3.91

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