UAE markets 30 Jul 2009

UAE market news & discussions for 30 July 2009 The ADX rose 1.5% to 2801 from low turnover of AED 147m. The DFM rose just 0.41% to 1818 points from turnover of AED 431m, a fall in ENBD holding the index back despite better gains in many more actively traded stocks. On the Nasdaq Dubai at 14:15 UAE time, DP World is up 1.4% to $0.36, and there have been single trades in Depa, and derivatives for Dana, Arabtec, and FGB, none moving by more than 1%. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Arab International Logistics (ARMX) was the most heavily traded stock in Dubai with almost AED 60m worth of deals and solid gains in the first few minutes of trading but by close had fallen 0.6% to 1.65. Union Properties (UPP) (+2.9%), Emaar Properties (EMAAR) (+1.1%), Air Arabia (AIRARABIA) (+2.0%), and Drake & Scull (DSI) (+3.5%) all traded about AED 50m worth each. Deyaar Development (DEYAAR) was the best of the more active gainers with a 4.1% rise to 0.76. Dubai Financial Market (DFM) was up 2.4%, and the remaining gainers rose less than 2% or on low volumes. National General Cooling (TABREED) was the worst of the more active losers, falling 1.05%, and the only loser falling more than 1% on active trading. Emirates NBD (ENBD) fell 1.8% on low volumes. Abu Dhabi Securities Exchange Ras Al Khaimah Properties (RAKPROP) was the most active stock in Abu Dhabi with just AED 25m but still only rose 1.4% to 0.73. National Bank of Abu Dhabi (NBAD) was the star stock with an 8.6% rise to 13.75 from greater than usual activity, and most of the day's deals going through at the high for the day of 14.00. Dana Gas (DANA) rose 2.7%, Abu Dhabi National Energy (TAQA) and Aldar Properties (ALDAR) rose 2.6%, Sorouh Real Estate (SOROUH) rose 2.5%, and the remaining gainers rose less than 2% or on thin trading, including Emirates Telecom (ETISALAT) up 0.49% to 10.20. Ras Al Khaimah White Cement (RAKWCT) was the worst loser on active trading, falling 5.7% to 0.99 from greater than usual activity but still only AED 2.7m worth. Gulf Pharmaceutical Industries (JULPHAR) was also relatively busy and fell 2.5%. Ras Al Khaimah Cement (RAKCC) was the only other loser on turnover of more than AED 1m, falling 0.79%.

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best stock rises symbol price change RAPCO 2.20 +0.20 +10% NBAD 13.85 +1.10 +8.6% ARIG 1.80 +0.08 +4.7% DEYAAR 0.76 +0.03 +4.1% NMDC 7.04 +0.27 +4%

worst stock falls symbol price change ASMAK 22.90 -1.40 -5.8% RAKWCT 0.99 -0.06 -5.7% ADNH 4.31 -0.20 -4.4% QTEL 140.00 -5.90 -4% ADSB 3.02 -0.12 -3.8%

top volume symbol value (AED) price ARMX 58,827,664 1.65 UPP 52,380,705 1.06 EMAAR 52,263,105 2.74 AIRARABIA 49,138,638 1.00 DSI 47,854,702 0.88

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