UAE markets 21 Jul 2009

UAE market news & discussions for 21 July 2009 The markets went opposite ways today, with the ADX rising 0.58% to 2697 points from low turnover of AED 109m, while the DFM fell just over 1% to 1751 points from more substantial turnover of AED 604m. On the Nasdaq Dubai at 15:00 UAE time, DP World is down 0.54%, Damas is up 5.9%, Depa is down 2.3%, Boulder Steel is down 40% but that was from just one trade, and there have been a couple of derivative trades for Air Arabia (+1.5%) and DFM (-0.74%). UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR), down 2.3% to 2.60 from AED 106m, was the most active stock in Dubai, and the only one trading more than AED 100m worth. There were only 3 gainers: National General Cooling (TABREED) up 4.65% to 0.90, Dar Takaful Insurance (DARTAKAFUL) up 1.2%, and Emirates Integrated Telecommunications (DU) up just 0.37%. Air Arabia (AIRARABIA), Deyaar Development (DEYAAR), Dubai Investment Company (DIC), and Shuaa Capital (SHUAA) all closed unchanged. Dubai Financial Market (DFM) was the worst of the losers with a 4.3% fall to 1.55. Dubai Islamic Insurance (AMAN) fell 3.7%, Emarat Takaful Insurance (TAKAFUL-EM) fell 3.0%, Gulf General Investment (GGICO) fell 2.75%, and the remaining losers fell by less than 2.5%. Abu Dhabi Securities Exchange Ras Al Khaimah Properties (RAKPROP), up 1.4%, and Dana Gas (DANA), up 1.0%, were the most active stocks in Abu Dhabi, but still only saw just over AED 18m worth of deals each. Ras Al Khaimah Cement (RAKCC) was the best gainer on more active trading, rising by 3.25% to 1.25. Aabar Energy (AABAR) rose 1.5%, Abu Dhabi National Energy (TAQA) and First Gulf Bank (FGB) 1.4%, and the remaining gainers were up less than 1% or on low volumes, including Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) both up by just over 0.9% each. National Marine Dredging (NMDC) was teh worst loser, falling by 8.9%, but that was from just one small trade. Of the 11 losers, only Methaq Islamic Insurance (METHAQ) saw more than AED 1m worth of deals, and fell 1.9% to 5.01. Aldar Properties (ALDAR), Green Crescent Insurance (GCIC), and Waha Capital (OILC) all closed unchanged.

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 sam111sam Tue 21 Jul 2009 15:17 SW meeting at Nasdaq Dubai Aug2009 OnlineTrader Tue 21 Jul 2009 12:39 RAKCC Profit Doubles sam111sam Mon 20 Jul 2009 19:20 Buy Aabar shares? sam111sam Mon 20 Jul 2009 15:08 GE results and America goes bust sharewadi Sat 18 Jul 2009 19:07 Etisalat 2009H1 profit Dh4.59bn -9.0% sharewadi Sat 18 Jul 2009 13:22 DFM 2009Q2 profit Dh128m -48% thajuddeen Fri 17 Jul 2009 09:29 Investing in funds relations with fund manager sharewadi Thu 16 Jul 2009 15:29 RAK Properties 2009Q2 profit Dh73m -34% fadi Wed 15 Jul 2009 22:15 Daily Trade Bulletin Dubai Abu Dhabi OnlineTrader Wed 15 Jul 2009 19:46 Jumeirah ringing Nasdaq bell sharewadi Wed 15 Jul 2009 18:55 Nasdaq Dubai MEIRS memorandum sharewadi Wed 15 Jul 2009 16:42 Crescent takes Iran Oil to court sharewadi Wed 15 Jul 2009 16:34 AMAN 2009Q2 profit Dh20m +158% sharewadi Wed 15 Jul 2009 15:09 Abu Dhabi trading 2009H1 sharewadi Wed 15 Jul 2009 12:31 Raising crude oil price forecasts Prop Wed 15 Jul 2009 00:14 Did your hear of Hal Turner and the AMERO ? sam111sam Tue 14 Jul 2009 22:46

best stock rises symbol price change UNION 3.80 +0.34 +9.8% RAKWCT 1.01 +0.06 +6.3% TABREED 0.90 +0.04 +4.7% RAKCC 1.27 +0.04 +3.3% QCEM 0.96 +0.03 +3.2%

worst stock falls symbol price change NMDC 5.61 -0.55 -8.9% FCI 3.00 -0.22 -6.8% CBI 1.79 -0.09 -4.8% DFM 1.55 -0.07 -4.3% GCEM 2.23 -0.09 -3.9%

top volume symbol value (AED) price EMAAR 107,903,857 2.60 ARTC 66,681,417 2.61 DFM 63,966,165 1.55 AIRARABIA 44,574,736 0.94 TABREED 43,404,917 0.90

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