UAE markets 17 Aug 2009

UAE market news & discussions for 17 August 2009 Stocks plummeted in the UAE today with a sea of red on trading screens and several stocks falling 10% limit down. The DFM index tumbled 5.8% to 1774 points from turnover of AED 627m and the ADX fell a less alarming 2.4% to 2783 points from turnover of AED 294m. On the Nasdaq Dubai at 1400 UAE time, DP World is down 2.8%, Depa and GOLD are down less than 1%. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR) led the way down with AED 214m of trading and an almost limit down 9.4% fall to 2.90, the only stock trading more than AED 100m. Dar Takaful Insurance (DARTAKAFUL) and Union Properties (UPP) were 10% limit down, Arabtec (ARTC) and Islamic Arab Insurance (IAIC) fell 8.8%, Emarat Takaful Insurance (TAKAFUL-EM) fell 8.7%, Dubai Islamic Insurance (AMAN) 8.6%, Ajman Islamic Bank (AJMANBANK) 8.1%, and Dubai Financial Market (DFM) 8.0%. All other actively traded stocks fell between 4% and 7% except for Emirates Integrated Telecommunications (DU) which was down just 2.1%. There were no gainers. Abu Dhabi Securities Exchange Aldar Properties (ALDAR) was the most active stock in Abu Dhabi, falling 9.6% to 4.05 from AED 60m worth of deals. Aabar Energy (AABAR) and Sorouh Real Estate (SOROUH) were 10% limit down, both trading between AED50m and AED 60m. Other limit down stocks included Methaq Islamic Insurance (METHAQ), Ras Al Khaimah Cement (RAKCC), Umm Al Quwain Cement (QCEM), and Waha Capital (OILC). Dana Gas (DANA) fell 9.0%, Green Crescent Insurance (GCIC) 7.9%, Ras Al Khaimah Properties (RAKPROP) 6.7%, Abu Dhabi Commercial Bank (ADCB) 4.2%, and the remainder fell less than 4% or on low volumes. National Bank of Abu Dhabi (NBAD) fell 4.8% and Emirates Telecom (ETISALAT) was the least worst loser with a fall of just 0.48% to 10.30. There were only 3 gainers, Abu Dhabi National Insurance (ADNIC), Sudan Telecom (SUDATEL), and Abu Dhabi National Takaful (TKFL), all on low volumes.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
Marketwatch August 2009 DFM ADX Prop Mon 17 Aug 2009 14:02 Oil Support at 70$? Lost it indigo Mon 17 Aug 2009 10:00 Emaar cash flow tight? spin Mon 17 Aug 2009 08:28 UPP buy or sell? spin Mon 17 Aug 2009 08:25 Aramex share price - theory thajuddeen Sun 16 Aug 2009 14:36 good morning... sharewadi Sun 16 Aug 2009 11:20 Metito IPO sharewadi Sun 16 Aug 2009 10:45 Dana 2009Q2 profit Dh392 +1100% sharewadi Sun 16 Aug 2009 10:38 DFM ADX manipulation Hamza Sat 15 Aug 2009 18:24 Commodity ETFs orange18 Fri 14 Aug 2009 20:53 Forex view 28/07/2009 adbulls Fri 14 Aug 2009 10:08 Dow Theory - A new buy signal? ixtira Thu 13 Aug 2009 22:43 UPP 2009Q2 loss Dh228m -172% ixtira Thu 13 Aug 2009 18:34 Aldar vs Sorouh vs RAK Properties thajuddeen Thu 13 Aug 2009 09:25 Nasdaq Dubai commission charge rooster Wed 12 Aug 2009 18:52 Tabreed 2009Q2 profit Dh19m -18% adbulls Wed 12 Aug 2009 18:27 Aldar Sorouh Emaar JP Morgan rating sam111sam Wed 12 Aug 2009 10:33

best stock rises symbol price change TKFL 5.15 +0.30 +6.2% SUDATEL 3.99 +0.10 +2.6% ADNIC 6.10 +0.10 +1.7%

worst stock falls symbol price change DARTAKAFUL 2.29 -0.25 -9.8% DFM 1.58 -0.17 -9.7% UPP 0.94 -0.10 -9.6% QCEM 0.88 -0.09 -9.3% UCC 1.86 -0.18 -8.8%

top volume symbol value (AED) price EMAAR 215,581,635 2.92 DFM 74,808,444 1.58 ARTC 63,409,978 2.59 ALDAR 61,681,441 4.16 AABAR 58,268,190 2.56

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