UAE markets 23 Nov 2009

UAE market news & discussions for 23 November 2009 The ADX rose 1.5% to 2908 points from limited turnover of AED 170m with NMDC in the spotlight, closing 10% limit up after announcing the award of the Musaffah Canal dredging contract. The DFM rose 1.8% to 2112 points from moderate turnover of AED 345m, with many stocks up between 2% and 5%, including Union Properties and DFM shares up by more than 4%. On the Nasdaq Dubai at 1400 UAE time, DP World is up 3.0%, and Depa is unchanged. No other listings have traded. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR) was the only stock trading more than AED 100m worth as it rose 2.7% to 4.25 from AED 168m of traded value. Dar Takaful Insurance (DARTAKAFUL) (+6.1%) and Emarat Takaful Insurance (TAKAFUL-EM) (+5.8%) were the top gainers but from limited activity. Union Properties (UPP) was the best of the more actively traded stocks, up by 4.4% to 0.94. Dubai Financial Market (DFM) rose 4.25%, Arabtec (ARTC) was up 3.65%, and most of the remaining gainers were up between 1% and 4%. There were 3 losers with only Shuaa Capital (SHUAA), down 3.2% to 1.79, trading more than AED 1m worth. Abu Dhabi Securities Exchange Aldar Properties (ALDAR) was the most active stock in Abu Dhabi, rising 2.8% to 5.50 from AED 63m worth of deals. National Marine Dredging (NMDC) was the standout gainer, closing 10% limit up at 8.03 on greater than usual volumes. Methaq Islamic Insurance (METHAQ) also had respectable gains, with a 6.5% rise to 4.45. Arkan Building Materials (ARKAN) was up 4.2%, First Gulf Bank (FGB) 3.6%, Sorouh Real Estate (SOROUH) 3.3%, and most other stocks were up less than 3% or unchanged. There were only 4 losers, with Ras Al Khaimah Ceramics (RAKCEC) the most active, falling 2.4% from less than AED 1m.

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
Gold Trading hakeemcfb Mon 23 Nov 2009 12:43 Marketwatch DFM ADX November 2009 OnlineTrader Mon 23 Nov 2009 12:27 Dubai economic recovery sammy Mon 23 Nov 2009 12:01 Al Madina Finance shares limit down OnlineTrader Mon 23 Nov 2009 11:52 EMAAR trend analysis OnlineTrader Mon 23 Nov 2009 11:50 Dubai replaces head of DIFC sammy Mon 23 Nov 2009 11:41 GGICO 2009Q3 results ixtira Sun 22 Nov 2009 23:38 Internaxx or etrade? Internaxx user Sun 22 Nov 2009 20:44 Emaar Dubai Holding merger Prop Sun 22 Nov 2009 09:29 Emaar India IPO soon thajuddeen Sat 21 Nov 2009 11:47 Gulf Finance House rights issue Novice_investor Sat 21 Nov 2009 00:33 Must we invest or trade? thajuddeen Fri 20 Nov 2009 17:02 DFM investor returns since 2005 sam111sam Fri 20 Nov 2009 14:26 Arkan research Novice_investor Fri 20 Nov 2009 01:02 Aabar, Daimler and F1... ixtira Thu 19 Nov 2009 23:09 Eid Al Adha dates 2009 UAE markets GPIC Thu 19 Nov 2009 18:53 AABAR buys New York building ixtira Thu 19 Nov 2009 18:50

best stock rises symbol price change NMDC 8.03 +0.73 +10% METHAQ 4.41 +0.27 +6.5% DARTAKAFUL 2.09 +0.12 +6.1% TAKAFUL-EM 1.46 +0.08 +5.8% ADAVIATION 2.80 +0.15 +5.7%

worst stock falls symbol price change QTEL 146.00 -6.00 -3.9% SHUAA 1.79 -0.06 -3.2% SUDATEL 3.67 -0.10 -2.7% CBD 3.80 -0.10 -2.6% ALSALAMSUDAN 2.41 -0.06 -2.4%

top volume symbol value (AED) price EMAAR 168,292,317 4.25 ALDAR 63,422,366 5.46 DFM 54,352,117 2.21 ARTC 31,027,684 3.12 SOROUH 29,117,090 3.12

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