UAE markets 08 Dec 2009

UAE market news & discussions for 08 December 2009 The markets plummeted again, despite news emerging this afternoon that the Dubai Government had reportedly bailed out Nakheel to the tune of $2.5 billion, and upbeat comments telling us that "the worst is behind us". UAE investors are obviously not so upbeat although if the bailout news really is a surprise, there could be a solid bounce back tomorrow. The ADX was down 3.4% to 2539 points from turnover of AED 247m. The DFM crashed by 6.1% to 1638 points with ten stocks closing 10% limit down, and another three closing 5% limit down. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR) was the most active stock and the only one trading more than AED 100m worth of deals as it closed 10% limit down at 2.84 from AED 153m. Other 10% limit down shares included Arabtec (ARTC), Dubai Financial Market (DFM), Dubai Islamic Bank (DIB), Deyaar Development (DEYAAR), and National General Cooling (TABREED). Most other stocks fell either between 7-8% or between 4-5%. The least bad losers were Gulf Navigation (GULFNAV) and Drake & Scull (DSI), both falling between 1-2%. Ektitab Holding (EKTTITAB), Global Investment House (GLOBAL), and Dubai National Insurance & Reinsurance (DNIR) were unchanged, and Al Salam Bank (SALAM_BAH) was the only gainer, up 2.2% to 0.92. Abu Dhabi Securities Exchange Aldar Properties (ALDAR) was the most active stock in Abu Dhabi, falling 6.5% to 4.30 from AED 100m worth of trading. Sorouh Real Estate (SOROUH) was the worst of the more active stocks, down 7.4% to 2.43, although three stocks closed 10% limit down - Sharjah Cement (SCIDC), Arkan Building Materials (ARKAN), and Abu Dhabi National Hotels (ADNH), all on low volumes. Most other stocks fell between 4% and 7%. Gulf Pharmaceutical Industries (JULPHAR) was the only gainer, rising 0.61% to 1.77 from just a handful of trades. Emirates Telecom (ETISALAT) fell 1.9% and National Bank of Abu Dhabi (NBAD) plunged by 6.75% to 11.10.

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
Marketwatch DFM ADX December 2009 thajuddeen Tue 08 Dec 2009 15:28 Nakheel bailout abu zaid Tue 08 Dec 2009 15:17 EMAAR trend analysis GVM Tue 08 Dec 2009 12:37 Fair values, target prices UAE stocks Jan 2010 GVM Tue 08 Dec 2009 12:27 Emirates NBD Dubai World exposure sharewadi Tue 08 Dec 2009 11:58 Al Madina Finance shares limit down thajuddeen Tue 08 Dec 2009 11:27 Dubai World asset sale RaNdoMwalk Mon 07 Dec 2009 21:37 Dubai World creditors meeting Novice_investor Mon 07 Dec 2009 20:50 GGICO 2009Q3 results GPIC Mon 07 Dec 2009 15:09 Forex brokers in UAE fayesloan Mon 07 Dec 2009 14:24 Air Arabia dividend Novice_investor Mon 07 Dec 2009 13:01 Century Financial Brokers Dubai hakeemcfb Mon 07 Dec 2009 12:41 Lala's recommendations investor Mon 07 Dec 2009 12:34 Air Arabia awards LCC 2009 sharewadi Mon 07 Dec 2009 12:00 Gold expected to move in $50 leaps hakeemcfb Mon 07 Dec 2009 11:32 Undervalued stocks DFM ADX December 2009 Foreigner Mon 07 Dec 2009 02:52 EMAAR merger vs Dubai World default GPIC Mon 07 Dec 2009 02:17

best stock rises symbol price change SALAM_BAH 0.92 +0.02 +2.2% JULPHAR 1.65 +0.01 +0.6%

worst stock falls symbol price change TABREED 0.63 -0.07 -10% SCIDC 1.26 -0.14 -10% DIB 1.91 -0.21 -9.9% ARTC 1.92 -0.21 -9.9% EMAAR 2.84 -0.31 -9.8%

top volume symbol value (AED) price EMAAR 152,807,702 2.84 ALDAR 100,005,303 4.17 AIRARABIA 77,466,892 0.86 ARTC 58,203,737 1.92 DFM 54,873,131 1.52

• Comment on this report and view previous reports on the Share Wadi blog.
• Discuss UAE companies at Dubai Share Talk.