UAE markets 06 Dec 2009

UAE market news & discussions for 06 December 2009 The ADX rose 3.9% to 2673 points from turnover of AED 328m. The DFM rose 1.2% to 1853 points from turnover of AED 836m. On the Nasdaq Dubai at 1530 UAE time, DP World is unchanged and Depa is up 4.2%. 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 AED 265m worth of trading, and rose 3.55% to 3.50. Arabtec (ARTC) was also busy with AED 232m worth of deals, but fell 5.6% to 2.36, making it the worst loser in Dubai. No other stocks traded more than AED 100m. Drake & Scull (DSI) was the top gainer of the more active stocks, rising 8.2% to 0.92. Arab International Logistics (ARMX) was up 6.8% to 1.73, Deyaar Development (DEYAAR) rose 6.6% to 0.65, Shuaa Capital (SHUAA) was up 5.8%, Dubai Financial Market (DFM) and Gulf Navigation (GULFNAV) rose 5.1%, and most other stocks were up between 1% and 5%. There were 5 losers including Arabtec as mentioned. Gulf General Investment (GGICO) and Emirates NBD (ENBD) 5% closed limit down on low volumes, Gulf Finance House (GFH) fell 1.6%, and Air Arabia (AIRARABIA) fell 1.0%. Abu Dhabi Securities Exchange Aldar Properties (ALDAR) was the most active stock in Abu Dhabi, and the only one trading more than AED 100m, with shares rising 1.8% to 4.74 from AED 106m worth of deals. Several stocks closed 10% limit up including Abu Dhabi Islamic Bank (ADIB), Dana Gas (DANA), and Abu Dhabi National Energy (TAQA) on more active trading, and Gulf Pharmaceutical Industries (JULPHAR), Fujairah National Bank (NBF), Union Cement (UCC), and Agthia Group (AGTHIA) on low volumes. Most other stocks rose between 4% and 9%. There were seven losers with only Abu Dhabi Commercial Bank (ADCB), down 6.6%, and First Gulf Bank (FGB), down 1.2%, trading more than AED 1m worth. Emirates Telecom (ETISALAT) rose 5.8% and National Bank of Abu Dhabi (NBAD) was up 7.7%.

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best stock rises symbol price change ADIB 2.97 +0.27 +10% JULPHAR 1.66 +0.15 +9.9% NBF 6.22 +0.56 +9.9% UCC 1.57 +0.14 +9.8% AGTHIA 1.73 +0.15 +9.5%

worst stock falls symbol price change ADSB 3.11 -0.29 -8.5% RAPCO 1.89 -0.14 -6.9% ADCB 1.70 -0.12 -6.6% SUDATEL 3.40 -0.23 -6.3% ARTC 2.36 -0.14 -5.6%

top volume symbol value (AED) price EMAAR 265,127,370 3.50 ARTC 232,072,412 2.36 ALDAR 105,987,455 4.55 DFM 94,248,947 1.86 SOROUH 81,278,993 2.64

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