UAE markets 23 Jun 2009

UAE market news & discussions for 23 June 2009 Emaar plummeted almost 9% today, leading the DFM downwards, while almost as much red ink was needed for the Abu Dhabi property stocks. The DFM index fell 5.85% to 1839 points from turnover of AED 729m while the ADX fell 3.2% to 2657 points from AED 344m. On Nasdaq Dubai at 15:30 UAE time, DP World is down 9.35%, Damas is down 4.9%, and there have been a couple of deriviative trades in RAK Properties (-3.6%) and Shuaa (-8.0%). UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR) was the only stock in the UAE trading more than AED 100m with turnover of AED 241m and a fall of 8.8% to 3.20. Five stocks closed 10% limit down including National General Cooling (TABREED), Emarat Takaful Insurance (TAKAFUL-EM), Dubai Islamic Insurance (AMAN), Al Salam Bank Sudan (ALSALAMSUDAN), and Global Investment House (GLOBAL). Other losers included Shuaa Capital (SHUAA) down 9.2%, Union Properties (UPP), Deyaar Development (DEYAAR), and Dubai Investment Company (DIC) all falling more than 8%, and the remainder mostly falling between 6% and 8%. Emirates Integrated Telecommunications (DU) was the least bad stock in Dubai with a 3.3% fall. There were no gainers. Abu Dhabi Securities Exchange Aldar Properties (ALDAR) (-7.4%), Sorouh Real Estate (SOROUH) (-7.4%), and Ras Al Khaimah Properties (RAKPROP) (-7.3%) were at the top of the traded value list, and almost the top of the losers list (excluding the less active stocks) although none traded more than AED 100m. Five stocks fell 10% limit down but only Green Crescent Insurance (GCIC) saw more than AED 1m worth of deals. Other losers included Waha Capital (OILC), Aabar Energy (AABAR), Ras Al Khaimah Cement (RAKCC), Invest Bank (INVESTB), and Agthia Group (AGTHIA) all down more than 6%, Dana Gas (DANA) down 5.8%, Abu Dhabi Commercial Bank (ADCB) down 4.4%, and the remainder down less than 4% or on low volumes. There were 5 gainers including National Marine Dredging (NMDC) 10% limit up from one insignificant trade, Methaq Islamic Insurance (METHAQ) (+2.0%) and First Gulf Bank (FGB) (+0.4%) from turnover of more than AED 1m.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
Marketwatch June 2009 DFM ADX MAVEKRIS Tue 23 Jun 2009 15:31 Daily Trade Bulletin Dubai Abu Dhabi thajuddeen Tue 23 Jun 2009 15:02 Aldar vs Sorouh vs RAK Properties thajuddeen Mon 22 Jun 2009 20:32 Shuaa DBG share issue sharewadi Mon 22 Jun 2009 12:33 Technical Analysis DFM ADX OnlineTrader Sun 21 Jun 2009 21:21 Emaar Saudi Kingdom Tower bandakok Sun 21 Jun 2009 20:08 Iran Iranian election sharewadi Sun 21 Jun 2009 12:46 Arabtec Gazprom bandakok Thu 18 Jun 2009 18:37 UAE companies 2009 Q2 results? small fry Thu 18 Jun 2009 14:19 Jokes shareef.abdulka Wed 17 Jun 2009 17:00 Investment status on UAE visa cancellation new2stockinvest Wed 17 Jun 2009 16:54 Live chatroom for UAE stocks OnlineTrader Wed 17 Jun 2009 09:43 Hello Tarbo Wed 17 Jun 2009 09:32 UAE investors trade Saudi Tadawul? Sher Wed 17 Jun 2009 00:08 Why chat room is empty? sharewadi Tue 16 Jun 2009 12:33 Mubasher pro disconnection OnlineTrader Tue 16 Jun 2009 10:25 Golden Gate Securities [banned] sharewadi Tue 16 Jun 2009 08:35

best stock rises symbol price change NMDC 6.29 +0.57 +10% METHAQ 5.70 +0.11 +2% AKIC 0.97 +0.01 +1% NBQ 3.05 +0.02 +0.7% FGB 13.70 +0.05 +0.4%

worst stock falls symbol price change ALSALAMSUDAN 2.43 -0.27 -10% ASMAK 20.80 -2.30 -10% AAAIC 64.00 -7.05 -9.9% GMPC 3.74 -0.41 -9.9% AMAN 1.20 -0.13 -9.8%

top volume symbol value (AED) price EMAAR 241,455,125 3.20 ALDAR 98,435,326 3.78 ARTC 94,143,346 2.66 DEYAAR 75,084,648 0.77 SOROUH 72,863,465 2.77

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