UAE markets 04 Jun 2009

UAE market news & discussions for 04 June 2009 It was another good week on the UAE markets with Dubai finishing above the 2000 point level, although Abu Dhabi slipped back slightly today. The DFM index was up 1.8% to 2026 points from turnover of AED 1.7 billion, and the ADX fell 0.25% to 2803 points from turnover of AED 711m. On the Nasdaq Dubai at 15:15 UAE time, DP World is down 3.3%, Damas is down 15%, Depa is unchanged, and there have been a handful of trades in derivatives for Sorouh, Union Properties, Arabtec, and First Gulf Bank. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR) was the most heavily traded stock in Dubai, with turnover of AED 350m and a slight gain of 0.25%. Solid gains for Al Salam Bank (SALAM_BAH) (+13.6%), Deyaar Development (DEYAAR) +11.3% on heavy trading, Emarat Takaful Insurance (TAKAFUL-EM) +8.45%, Union Properties (UPP) +5.6%, and National General Cooling (TABREED) +4.6%. Most other stocks were up less than 3%. Shuaa Capital (SHUAA), down 4.0%, was the only loser trading more than AED 1m. Abu Dhabi Securities Exchange Ras Al Khaimah Properties (RAKPROP) was the most heavily traded stock in Abu Dhabi, with a 4.2% increase to 0.74. The rarely traded Union Insurance (UNION) was second in the turnover list, and the only other stock trading more than AED 100m, unchanged at 3.45 from AED 110m worth. Green Crescent Insurance (GCIC) was the best of the more actively traded gainers, up 4.9%, Abu Dhabi Commercial Bank (ADCB) was up 3.9%, and the remaining gainers rose less than 3% or on thin trading. Emirates Telecom (ETISALAT) was unchanged at 10.60. Abu Dhabi National Energy (TAQA) was the worst of the losers on active trading, with a 2.2% fall. Other losers were down less than 2%, including Aldar Properties (ALDAR) and Sorouh Real Estate (SOROUH), or on turnover of less than AED 1m.

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
Reality vs technical analysis sharewadi Thu 04 Jun 2009 15:04 Mubasher pro disconnection sharewadi Thu 04 Jun 2009 15:00 GLOBAL 2009FY loss KWD297m sharewadi Thu 04 Jun 2009 14:57 DIC dividends dxb Thu 04 Jun 2009 10:11 Aldar vs Sorouh vs RAK Properties sharekiddy Thu 04 Jun 2009 10:07 Marketwatch June 2009 DFM ADX thajuddeen Thu 04 Jun 2009 08:09 Arabtec Gazprom darwin17 Wed 03 Jun 2009 19:16 DPW day trading - broker manipulation? sharewadi Wed 03 Jun 2009 15:45 Online charts for Dubai Stocks small fry Wed 03 Jun 2009 08:57 Emaar profit booking? dxb Tue 02 Jun 2009 13:24 UPP buy or sell? sharewadi Mon 01 Jun 2009 14:54 Ektittab not traded asatya72 Sun 31 May 2009 14:52 Market Watch May 2009 DFM ADX sharekiddy Sun 31 May 2009 13:38 DIC Dividend Chq's termtrader Sun 31 May 2009 12:44 Summer trading UAE klaus Sat 30 May 2009 15:46 Stuck with Shuaa? sharewadi Thu 28 May 2009 15:22 Sharewadi meeting at Nasdaq Dubai sharewadi Thu 28 May 2009 15:05

Data table not available today.

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