UAE markets 08 Jun 2009

UAE market news & discussions for 08 June 2009 Well, it had to happen eventually. After consistent gains for the past couple of week, the markets corrected today. The DFM fell 4.5% to 1980 points from turnover of over AED 1.5 billion, and the ADX dropped by 0.99% to 2826 from turnover of AED 658m, with a gain in Etisalat shares keeping the index up despite heavy falls in most other stocks. On Nasdaq Dubai at 15:45 UAE time, DP World is down 0.27%, Depa is down 3.3%, Damas is unchanged, and there have been a couple of derivative trades in DP World, Sorouh, and Union Properties. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR) (-5.5% to 3.76 from AED 289m) was the most heavily traded stock in Dubai today. Other stocks trading more than AED 100m included Deyaar Development (DEYAAR) (-7.1% to 0.79 from AED 207m), Gulf Navigation (GULFNAV) (-4.8% to 0.79 from AED 179m), Arabtec (ARTC) (-8.0% to 2.77 from AED 162m), Dubai Financial Market (DFM) (-7.0% to 1.85 from AED 127m), and Drake & Scull (DSI) (-4.35% to 0.88 from AED 114m). The worst losers were Dar Takaful Insurance (DARTAKAFUL) (-8.8% to 1.56) and Dubai Islamic Insurance (AMAN) (-8.6% to 1.17). Other losers included Union Properties (UPP), National General Cooling (TABREED), and Arab International Logistics (ARMX) down more than 7%, and most other stocks fell between 3% and 7%. Shuaa Capital (SHUAA) was the least bad loser, falling by 2.4%. There were only 3 gainers, and only Gulf General Investment (GGICO) (+1% to 2.03) saw more than AED 1m worth of turnover. Abu Dhabi Securities Exchange In Abu Dhabi, the three property stocks were the only ones with turnover of more than AED 100m each: Sorouh Real Estate (SOROUH) (-3.65% to 3.29 from AED 146m), Ras Al Khaimah Properties (RAKPROP) (unchanged at 0.73 from AED 142m), and Aldar Properties (ALDAR) (-4.4% to 4.36 from AED 104m). The worst loser on more than AED 1m of trading was Ras Al Khaimah White Cement (RAKWCT) (-6.4% to 1.01). Other losers included Abu Dhabi Commercial Bank (ADCB) down 6%, Union National Bank (UNB) down 5%, and the remainder down less than 5% or on low volumes. There were 10 gainers but only Emirates Telecom (ETISALAT) (+1.85% to 10.60 from AED 32m) saw more than AED 1m worth of deals.

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
Marketwatch June 2009 DFM ADX adeelakhtar Mon 08 Jun 2009 14:58 Sharewadi meeting at Nasdaq Dubai ny Mon 08 Jun 2009 13:01 DAMAS...is it a good buy? Ray Mon 08 Jun 2009 12:24 Mubasher pro disconnection OnlineTrader Sun 07 Jun 2009 22:27 Brokerage Licence - how to get one? rafaelopes Sun 07 Jun 2009 18:53 BOVESPA rafaelopes Sun 07 Jun 2009 17:56 Reality vs technical analysis sharewadi Thu 04 Jun 2009 15:04 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 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

best stock rises symbol price change GLOBAL 2.27 +0.24 +11.8% UNION 3.77 +0.33 +9.6% JULPHAR 1.59 +0.11 +7.4% FOODCO 2.37 +0.16 +7.2% BOS 1.86 +0.11 +6.3%

worst stock falls symbol price change CBI 2.07 -0.23 -10% TKFL 5.18 -0.57 -9.9% DARTAKAFUL 1.56 -0.15 -8.8% AMAN 1.17 -0.11 -8.6% ARTC 2.77 -0.24 -8%

top volume symbol value (AED) price EMAAR 288,676,204 3.76 DEYAAR 207,254,965 0.79 GULFNAV 179,035,518 0.79 ARTC 162,361,106 2.77 SOROUH 145,894,920 3.43

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