UAE markets 08 Jul 2009

UAE market news & discussions for 08 July 2009 It was a sea of red on the UAE markets today with only 3 stocks in the green between the ADX and the DFM. Mercifully, volumes were relatively low. The ADX fell 1.4% to 2581 points from turnover of AED 138m, saved from a greater fall by an increase in NBAD and a marginal drop for Etisalat. The DFM plunged 3.4% to 1699 points from turnover of AED 320m. On the Nasdaq Dubai at 14:45 UAE time, DP World is unchanged, and there have been single trades in ADCB and Arabtec derivatives, and GOLD, all in the red. 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 90m worth of deals and almost the worst loser with a 7.34% fall to 2.40, pipped in the loser's list by Dubai Financial Market (DFM) with a 7.36% fall to 1.51. Emarat Takaful Insurance (TAKAFUL-EM) and Dar Takaful Insurance (DARTAKAFUL) both fell about 7%, Arab Insurance Group (ARIG) fell 6.7% and Shuaa Capital (SHUAA) fell 5.9%, both on low volumes, Union Properties (UPP) was down 5.6%, Arab International Logistics (ARMX) 5.1%, and almost all other traded stocks were down by less than 5%. Commercial Bank of Dubai (CBD) was the only gainer, up 4.5% from a single small trade, and Al Salam Bank (SALAM_BAH) was unchanged. Abu Dhabi Securities Exchange Ras Al Khaimah Properties (RAKPROP), down 5.6%, and Dana Gas (DANA), down 1.9%, were the most active stocks by value but still only traded just over AED 30m each. Abu Dhabi National Insurance (ADNIC), down 6.2%, was the worst loser on turnover of more than AED 1m, Union National Bank (UNB) fell 5.7%, Methaq Islamic Insurance (METHAQ) 5.0%, Arkan Building Materials (ARKAN) 4.65%, Aabar Energy (AABAR) 4.3%, Waha Capital (OILC) 4.0%, and the remainder fell less than 4% or on low volumes. Emirates Telecom (ETISALAT) edged down by just 0.2%, and there were only two gainers: National Bank of Abu Dhabi (NBAD) up 1.45% and Abu Dhabi Islamic Bank (ADIB) 0.37%, both on low volumes.

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 DFM ADX July 2009 spin Wed 08 Jul 2009 14:42 Which Shares will Peak Faster Now ? lala Tue 07 Jul 2009 20:10 Daily Trade Bulletin Dubai Abu Dhabi spiders Tue 07 Jul 2009 14:15 Did your hear of Hal Turner and the AMERO ? bandakok Tue 07 Jul 2009 03:02 Short term trade is against Islamic values? sharewadi Mon 06 Jul 2009 11:43 OIL edging towards 60 indigo Mon 06 Jul 2009 11:31 Emaar Algeria withdrawal sharewadi Sat 04 Jul 2009 21:00 Aldar vs Sorouh vs RAK Properties spiders Sat 04 Jul 2009 19:29 EMAAR MGF IPO sharewadi Sat 04 Jul 2009 14:20 Emaar MGF IPO India Cash King Sat 04 Jul 2009 11:01 Aramex foreign ownership limit increase OnlineTrader Wed 01 Jul 2009 15:55 Marketwatch June 2009 DFM ADX sharewadi Wed 01 Jul 2009 15:37 First member to 1000 posts - congratulations! Sher Tue 30 Jun 2009 21:48 Moody's Emaar rating sharewadi Tue 30 Jun 2009 18:01 DST member introductions WarrenBuffet Mon 29 Jun 2009 22:10 Daily market movement futures ADX DFM bandakok Mon 29 Jun 2009 21:44 Agthia trade: Technical Analysis Questions tyro Mon 29 Jun 2009 21:17

best stock rises symbol price change CBD 3.50 +0.15 +4.5% NBAD 9.81 +0.18 +1.9% ADIB 2.73 +0.01 +0.4%

worst stock falls symbol price change ADNH 4.50 -0.45 -9.1% DFM 1.51 -0.12 -7.4% EMAAR 2.40 -0.19 -7.3% TAKAFUL-EM 1.45 -0.11 -7.1% DARTAKAFUL 2.00 -0.15 -7%

top volume symbol value (AED) price EMAAR 90,461,497 2.40 DFM 49,675,224 1.51 ARTC 40,788,387 2.54 DEYAAR 39,041,784 0.71 RAKPROP 31,116,797 0.68

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.