UAE markets 31 May 2009

UAE market news & discussions for 31 May 2009 It was a spectacular finish to the month of May on the UAE markets, and an excellent start to the week. The DFM had a solid 4.8% rise to 1878 points from turnover of almost AED 2 billion, more than we've seen for some time, with heavy trading in EMAAR on a substantial increase of more than 10%. The ADX rose 0.77% to 2679 points from turnover of AED 735m. On the Nasdaq Dubai at 15:00 UAE time, DP World is up 2.4% to $0.39, and Depa is up 3.5% to $0.57. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR) was the most heavily traded stock with AED 469m worth of deals, and the 10.2% rise to 3.47 putting it at the top of the gainers list. Solid trading also seen for Dubai Financial Market (DFM) + 8.8%, Arabtec (ARTC) + 8.6%, Dubai Islamic Bank (DIB) +7.2%, and Drake & Scull (DSI) +4.8%, all with more than AED 100m worth of deals. Good gains on lower turnover for Shuaa Capital (SHUAA) +9.1%, Union Properties (UPP) +5.1%, and Emirates NBD (ENBD) +4.3%. Other gainers rose less than 4%. There were only 2 losers - Global Investment House (GLOBAL) down 5.2%, and Al Salam Bank Sudan (ALSALAMSUDAN) down 1.4%, both on low turnover. Abu Dhabi Securities Exchange In Abu Dhabi, the property stocks took the top three spots on the traded value table, and the top three spots on the gainers list (excluding the thinly traded stocks). Aldar Properties (ALDAR) +5.3% to 4.23 from AED 244m turnover, Sorouh Real Estate (SOROUH) +5.3% to 3.20 from AED 185m turnover, and Ras Al Khaimah Properties (RAKPROP) + 4.8% to 0.66 from AED 57m turnover. International Fish Farming (ASMAK) and Palestinian Telecommunications (PALTEL) both traded 10% limit up but from small single trades. Other good gains for Abu Dhabi Islamic Bank (ADIB) +3.8%, Abu Dhabi Commercial Bank (ADCB) +3.7%, and First Gulf Bank (FGB) +3.0%. The remaining gainers were up less than 3% or on low volumes. Methaq Islamic Insurance (METHAQ) topped the losers list closing 10% limit down, Arkan Building Materials (ARKAN) fell 6.7%, Agthia Group (AGTHIA) 1.4%, and the other losers fell on low volumes or less than 1%. Emirates Telecom (ETISALAT) edged up by just 0.1% and National Bank of Abu Dhabi (NBAD) fell 0.2%.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
Market Watch spin Sun 31 May 2009 15:22 UPP buy or sell? sharekiddy Sun 31 May 2009 15:03 Ektittab not traded asatya72 Sun 31 May 2009 14:52 DPW day trading - broker manipulation? sharewadi Sun 31 May 2009 14:43 DIC dividends termtrader Sun 31 May 2009 12:49 DIC Dividend Chq's termtrader Sun 31 May 2009 12:44 Summer trading UAE klaus Sat 30 May 2009 15:46 Aldar vs Sorouh vs RAK Properties thajuddeen Sat 30 May 2009 11:57 Arabtec Gazprom spin Fri 29 May 2009 12:16 Stuck with Shuaa? sharewadi Thu 28 May 2009 15:22 Sharewadi meeting at Nasdaq Dubai sharewadi Thu 28 May 2009 15:05 UAE withdraws from GCC monetary union shareef.abdulka Thu 28 May 2009 14:21 House prices may plunge 70% in Dubai (!) ixtira Thu 28 May 2009 12:45 DP World AGM today shocked Thu 28 May 2009 10:23 Methaq Mystery sharewadi Wed 27 May 2009 16:35 Future Dubai share prices? dxb Wed 27 May 2009 16:09 SA freshman from China GABRIEL Wed 27 May 2009 12:40

best stock rises symbol price change EMAAR 3.47 +0.32 +10.2% ASMAK 26.95 +2.45 +10% PALTEL 27.50 +2.50 +10% SHUAA 1.80 +0.15 +9.1% DFM 1.61 +0.13 +8.8%

worst stock falls symbol price change OEIHC 1.16 -0.12 -9.4% METHAQ 5.53 -0.49 -8.1% UNION 3.01 -0.23 -7.1% ADSB 3.39 -0.25 -6.9% ARKAN 5.03 -0.36 -6.7%

top volume symbol value (AED) price EMAAR 469,391,183 3.47 ARTC 440,750,725 2.90 DFM 326,586,557 1.61 ALDAR 243,783,468 4.15 SOROUH 185,466,365 3.20

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