UAE markets 14 Dec 2009

UAE market news & discussions for 14 December 2009 News this morning of Abu Dhabi bailing out Dubai World and Nakheel to the tune of $10 billion prompted a massive bounce back on the UAE markets. The ADX rose by 7.9% to 2821 points from AED 153m worth of trading. The DFM closed 10.4% up at 1871 points from AED 429m worth of trading. Almost every stock traded had closing prices 5%, 10%, or 15% limit up with no sellers in the queue for most of them. On the Nasdaq Dubai at 1400 UAE time, DP World is up 14.2%, and Depa is up 15.0%. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Emaar Properties (EMAAR) was not the most active stock in Dubai, trading only AED 46m worth and closing 15% limit up at 3.61, but turnover figures were distorted today by almost all stocks being offered at 15% limit up prices as soon as the market opened, with few willing sellers. Air Arabia (AIRARABIA) and Arab International Logistics (ARMX) were the two most active stocks, trading just over AED 80m worth each, and both 15% limit up at 1.02 and 1.87 respectively. There were 22 stocks 15% limit up and 4 stocks 5% limit up - the lower limit applies to Emirates NBD (ENBD), Emirates Integrated Telecommunications (DU), Commercial Bank of Dubai (CBD), and Gulf General Investment (GGICO). There were three losers, Al Firdous Holdings (ALFIRDOUS) 5% limit down, and Kuwait Finance and Investment (KFIC) and Arab Insurance Group (ARIG) both 10% limit down. Abu Dhabi Securities Exchange Emirates Telecom (ETISALAT) was, surprisingly, the most active stock in Abu Dhabi, perhaps because it wasn't trading at limit up prices, although it still saw an impressive gain of 9.3% to 11.65, from AED 69m worth of trading. A total of 36 stocks had closing prices 10% limit up including all the more actively traded stocks. There were only two losers, Fujairah National Bank (NBF) 10% limit down, and Gulf Medical Projects (GMPC) falling 3.0%.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
Marketwatch DFM ADX December 2009 sharewadi Mon 14 Dec 2009 14:04 Al Madina Finance shares limit down OnlineTrader Mon 14 Dec 2009 13:16 Today and rest of the week aerojack Mon 14 Dec 2009 12:59 EMAAR trend analysis thajuddeen Mon 14 Dec 2009 11:41 Abu Dhabi bailout Nakheel bond Rick Mon 14 Dec 2009 09:48 Dubai World Nakheel bond sharewadi Mon 14 Dec 2009 09:38 ADX DFM 2009 Q4 Results Rashid Sun 13 Dec 2009 20:36 ADX survey - is it genuine? sharewadi Sun 13 Dec 2009 19:43 Dubai debts to Japan Rashid Sun 13 Dec 2009 17:04 UPP buy or sell? thajuddeen Sun 13 Dec 2009 15:46 DFM foreign investment 06-10 Dec 09 thajuddeen Sun 13 Dec 2009 14:46 How low will UAE stocks fall? Rashid Sun 13 Dec 2009 13:06 Air Arabia's Cash Position bandakok Sun 13 Dec 2009 10:53 Which Shares will Peak Faster Now ? thajuddeen Sat 12 Dec 2009 22:49 EMAAR merger vs Dubai World default thajuddeen Sat 12 Dec 2009 19:04 Whats Happening in the Global Markets Novice_investor Sat 12 Dec 2009 08:31 Istithmar sells W Hotel in New York sharewadi Sat 12 Dec 2009 08:05

best stock rises symbol price change EMAAR 3.61 +0.47 +15% AMAN 1.08 +0.14 +14.9% DARTAKAFUL 1.93 +0.25 +14.9% ALMADINA 0.93 +0.12 +14.8% TAKAFUL-EM 1.24 +0.16 +14.8%

worst stock falls symbol price change ARIG 1.89 -0.21 -10% NBF 6.16 -0.68 -9.9% ALFIRDOUS 1.60 -0.08 -4.8% GMPC 2.60 -0.08 -3%

top volume symbol value (AED) price AIRARABIA 83,911,604 1.02 ARMX 82,190,745 1.87 ETISALAT 69,021,975 11.75 EMAAR 45,944,203 3.61 DSI 26,884,962 0.95

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