UAE markets 01 Nov 2009

UAE market news & discussions for 01 November 2009 It was a grim start to November in the UAE with markets tumbling sharply. The ADX fell 3.4% to 2920 points from turnover of AED 309m and the DFM index fell 5.5% to 2077 points from turnover of AED 679m. On the Nasdaq Dubai at 1430 UAE time, DP World is down 9.3%, Damas is unchanged, and Depa is down 2.6%. A handful of derivatives have traded, also in the red. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR) was the most active stock in Dubai with a 7.7% plunge to 4.05 from AED 280m worth of trades. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m worth, falling 8.55% to 2.14 from AED 107m worth of deals. Several stocks closed 10% limit down - Al Mazaya Holding (MAZAYA), Gulf Finance House (GFH), Shuaa Capital (SHUAA), Al Madina Finance (ALMADINA), and Islamic Arab Insurance (IAIC). Emirates Integrated Telecommunications (DU) and Commercial Bank of Dubai (CBD) closed 5% limit down, and most other stocks fell between 4% and 7%. There was, surprisingly, a gainer - Al Salam Bank Sudan (ALSALAMSUDAN) rose 1.3% to 2.40 but from low volumes. Union Properties (UPP), down 3.7%, and Arab International Logistics (ARMX), down 3.7%, were the least bad losers in Dubai. Abu Dhabi Securities Exchange ADLAR was the most active stock in Abu Dhabi, and the only one trading more than AED 100m (barely) as it crashed by 8.3% to 5.26. Union National Bank (UNB) and Methaq Islamic Insurance (METHAQ) were the worst losers, closing 10% limit down with no sellers in the queue, Sorouh Real Estate (SOROUH) fell 8.6% to 3.25, Waha Capital (OILC) fell 7.5%, Abu Dhabi National Energy (TAQA) 6.7%, Abu Dhabi Commercial Bank (ADCB) and Union Cement (UCC) 6.15%, Agthia Group (AGTHIA) 5.8%, Green Crescent Insurance (GCIC) 5.7%, First Gulf Bank (FGB) 5.6%, Ras Al Khaimah Properties (RAKPROP) 5.3%, and most remaining stocks fell less than 5%. There was only one gainer, Emirates Driving Company (DRIVE), up 9.2% to 4.50 from just one trade. Emirates Telecom (ETISALAT) fell 2.15% to 11.30, and National Bank of Abu Dhabi (NBAD) fell 3.35% to 12.55.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
Marketwatch DFM ADX November 2009 lala Sun 01 Nov 2009 14:38 DIC 2009Q3 profit AED281m -56% sharewadi Sun 01 Nov 2009 13:11 Arkan results 2009Q3 sharewadi Sun 01 Nov 2009 11:31 Shuaa 2009Q3 loss AED269m +28% Prop Sun 01 Nov 2009 11:29 DU 2009Q3 profit AED157m +398% sharewadi Sun 01 Nov 2009 11:16 To DU or not to DU ? Prop Sun 01 Nov 2009 11:14 Gulf Finance House rights issue sharewadi Sat 31 Oct 2009 12:58 Fair values, target prices UAE stocks Jan 2010 fayesloan Sat 31 Oct 2009 01:18 Al Madina Finance shares limit down nothing Fri 30 Oct 2009 17:36 Riding the 5th Wave for DFM Prop Thu 29 Oct 2009 23:44 DFM new trading system OnlineTrader Thu 29 Oct 2009 22:11 Marketwatch DFM ADX October 2009 sharewadi Thu 29 Oct 2009 17:52 What is the Short Term Fair Value of DFMI ? sam111sam Thu 29 Oct 2009 17:14 Gulf Navigation 2009Q3 profit AED12m -92% sharewadi Thu 29 Oct 2009 14:42 Sorouh 2009Q3 profit AED185m -76% sharewadi Thu 29 Oct 2009 13:32 Arabtec 2009Q3 profit AED167m -35% sharewadi Thu 29 Oct 2009 09:38 19.5 Fils Profit for RAK Bank in 3Q sam111sam Thu 29 Oct 2009 09:15

best stock rises symbol price change DRIVE 4.50 +0.38 +9.2% GULFA 4.31 +0.20 +4.9% ALSALAMSUDAN 2.40 +0.03 +1.3%

worst stock falls symbol price change MAZAYA 2.72 -0.30 -9.9% GFH 1.46 -0.16 -9.9% SHUAA 1.77 -0.19 -9.7% ALMADINA 1.32 -0.14 -9.6% DARTAKAFUL 2.09 -0.22 -9.5%

top volume symbol value (AED) price EMAAR 279,993,886 4.05 DFM 107,049,031 2.14 ALDAR 101,333,935 5.33 ARTC 79,123,666 3.02 SOROUH 62,280,686 3.28

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