UAE markets 29 Jan 2009

UAE market news & discussions for 29 January 2009 After a positive week both UAE markets retreated today on relatively light volumes. The DFM index closed 1.05% lower at 1,520 with 146 million shares traded worth Dh180 million. Trading was lead by ARTC down 4.13%, DFM down 1.13% and EMAAR down 3.44%. The ADX index closed just 0.20% lower at 2,255 with 94 million shares traded worth Dh246 million. trading was dominated by just three stocks, FGB down 3.17%, ALDAR up 1.59% and SOROUH down 3.68% RESULTS ETISALAT 2008Q4 profit Dh1.4bn -20% SOROUH 2008Q4 profit Dh45m -91% BILDCO 2008Q4 profit Dh12m -53% UAE fourth quarter results - table of financial results so far, with dividend and AGM information UAE financial news - latest news from Reuters, Bloomberg and UAE media Sharewadi calendar - important dates Dubai Financial Market On the Dubai Financial Market 4 stocks advanced and 16 declined. Gainers included: Ajman Islamic Bank (AJMANBANK) 0.82 (1.23%), Emirates Integrated Telecommunications (DU) 2.00 (1.52%) and Shuaa Capital (SHUAA) 1.24 limit up with no sellers. All the major traders lost ground including: Gulf Navigation (GULFNAV) down 3.57%, Emaar Properties (EMAAR) down 3.44%, Dubai Financial Market (DFM) down 1.13% Deyaar Development (DEYAAR) down 1.85%, Arabtec (ARTC) down 4.13% and Air Arabia (AIRARABIA) down 1.05%. Abu Dhabi Securities Exchange On the ADX 14 stocks advanced and 14 declined. Banks had a mixed day lead by First Gulf Bank (FGB) down 3.17% and Waha down by 3.70%. However, Abu Dhabi Islamic Bank (ADIB) up 3.86% and Bank of Sharjah (BOS) up 9.73% ended in positive territory. In Realestate, honours were split with Aldar Properties (ALDAR) up 1.59% and Sorouh Real Estate (SOROUH) down 3.68%. Energy was mostly down, Aabar Energy (AABAR) off 2.03% and Dana Gas (DANA) lower by 1.79%. In Telecoms Emirates Telecom (ETISALAT) lost 0.49% after releasing 2008Q4 results.

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
AGTHIA 2008Q4 profit Dh18m +90% sharewadi Thu 29 Jan 2009 17:19 ETISALAT 2008Q4 profit Dh1.4bn -20% sharewadi Thu 29 Jan 2009 15:13 Marketwatch ADX DFM January 2009 lala Thu 29 Jan 2009 15:06 AABAR 2008Q4 profit Dh120m -53% sharewadi Thu 29 Jan 2009 14:50 SOROUH 2008Q4 profit Dh45m -91% sharewadi Thu 29 Jan 2009 14:46 DP World HSBC rating fadi Thu 29 Jan 2009 11:55 BILDCO 2008Q4 profit Dh12m -53% sharewadi Thu 29 Jan 2009 04:37 NMDC 2008Q4 profit Dh91m -9% sharewadi Thu 29 Jan 2009 03:46 EIC 2008Q4 profit Dh6.4m -75% sharewadi Thu 29 Jan 2009 03:27 GMPC 2008Q4 profit Dh19m -35% sharewadi Thu 29 Jan 2009 01:38 Aldar 2008Q4 profit AED 85m -84% limitup Wed 28 Jan 2009 23:47 Gulf Nav 2008 Q4 profit forecast Mpower Wed 28 Jan 2009 22:06 Waha 2008Q4 loss Dh-67m -184% sharewadi Wed 28 Jan 2009 16:52 Tamweel Moody's rating review BullnBear Wed 28 Jan 2009 14:08 FGB 2008Q4 profit Dh670m +8% rmhumr Wed 28 Jan 2009 09:00 Sorouh HSBC report limitup Tue 27 Jan 2009 20:43 Dana Sharjah concession sharewadi Tue 27 Jan 2009 16:03

best stock rises symbol price change SHUAA 1.24 +0.16 +14.8% UCC 2.34 +0.21 +9.9% METHAQ 3.71 +0.33 +9.8% BOS 1.24 +0.11 +9.7% RAKBANK 3.55 +0.27 +8.2%

worst stock falls symbol price change AWNIC 8.33 -0.92 -9.9% GLOBAL 3.48 -0.38 -9.8% EKTTITAB 0.65 -0.07 -9.7% FOODCO 2.53 -0.27 -9.6% AKIC 0.91 -0.09 -9%

top volume symbol value (AED) price ALDAR 89,632,776 2.55 FGB 77,807,990 7.34 ARTC 52,457,532 1.16 EMAAR 50,594,434 1.96 SOROUH 40,268,639 2.88

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

UAE markets 28 Jan 2009

UAE market news & discussions for 28 January 2009 A further positive days trading on UAE markets today. The DFM closed flat however the ADX finished 1.5% higher. On the DFM the index closed just 0.24% higher at 1,536 with 297 million shares traded worth Dh324 million. Trading was lead by ARTC down 1.62% and DFM down 1.12%. Higher were EMAAR up 1.0% and DIC up 2.04% On the ADX the index closed 1.54% higher at 2,260 with 153 million shares traded worth Dh298 million. Trading was lead by the Banking Sector in general, ALDAR up 4.15% and AABAR also up 4.96%. In business news Congress seemed to be getting ready to pass the Obama recovery plan more deficit spending, The IMF lowered world growth forecasts and participants gathered at Davos for the World Economic Forum. Closer to home Abu Dhabi is indicating more support is on the way for local banks. RESULTS Aabar 2008 FY profit AED721m +218% UAE fourth quarter results - table of financial results so far, with dividend and AGM information UAE financial news - latest news from Reuters, Bloomberg and UAE media Sharewadi calendar - important dates Dubai Financial Market On the Dubai Financial Market 7 stocks advanced and 14 declined. Despite a positive start with the index up over one percent the market closed flat. Gainers included: Air Arabia (AIRARABIA) 0.95 (3.26%), Dubai Investment Company (DIC) 1.00 (2.04%), Emaar Properties (EMAAR) 2.03 (0.99%) and Emarat Takaful Insurance (TAKAFUL-EM)ARAT 1.10 (6.79%) Losers included: Arabtec (ARTC) 1.21 (1.62%), Dubai Financial Market (DFM) 0.88 (1.12%), Dubai Islamic Bank (DIB) 1.77 (0.56%) Gulf Navigation (GULFNAV) 0.56 (6.66%) and National General Cooling (TABREED) 0.48 (0.91%). Abu Dhabi Securities Exchange On the ADX 20 stocks advanced and 9 declined. In Banking gains were lead by Abu Dhabi Commercial Bank (ADCB) 1.58 (1.28%), Bank of Sharjah (BOS) 1.13 (9.71%), First Gulf Bank (FGB) 7.58 (2.43%) and National Bank of Abu Dhabi (NBAD) 8.57 (2.39%). The only loser ws WAHA 0.54 (1.82%). Aldar lead the way in Realestate up 4.15% and Sorouh Real Estate (SOROUH) up by 7.94%. In Energy Aabar Energy (AABAR) was up 4.96% and Dana Gas (DANA) up 1.82%. In Consumer Abu Dhabi National Hotels (ADNH) was down by 2.22%. In Construction Ras Al Khaimah Cement (RAKCC) lead the trading up by 2.80%. Emirates Telecom (ETISALAT) continued its climb up 1.91%.

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
Waha 2008Q4 loss Dh-67m -184% sharewadi Wed 28 Jan 2009 16:52 Aabar 2008 FY profit AED721m +218% sharewadi Wed 28 Jan 2009 15:59 Gulf Nav 2008 Q4 profit forecast limitup Wed 28 Jan 2009 15:56 Marketwatch ADX DFM January 2009 limitup Wed 28 Jan 2009 15:30 Tamweel Moody's rating review BullnBear Wed 28 Jan 2009 14:08 FGB 2008Q4 profit Dh670m +8% rmhumr Wed 28 Jan 2009 09:00 Sorouh HSBC report limitup Tue 27 Jan 2009 20:43 Dana Sharjah concession sharewadi Tue 27 Jan 2009 16:03 Arabtec Meydan cancelled sharewadi Tue 27 Jan 2009 14:38 AAAIC 2008Q4 loss Dh-38m -131% sharewadi Tue 27 Jan 2009 14:06 NCC 2008Q4 loss Dh-2.5m -104% sharewadi Tue 27 Jan 2009 13:29 Arabtec bankrupt? sharewadi Tue 27 Jan 2009 09:53 DEYAAR 08Q4 profit Dh340m +62% sharewadi Tue 27 Jan 2009 09:48 Union Properties convertible bond bandakok Tue 27 Jan 2009 09:44 Banks not to publish audited annual accounts Bimcnorth Tue 27 Jan 2009 01:04 How dubai can bring back its charm? limitup Mon 26 Jan 2009 22:59 Bank of Sharjah Sharia compliant? Fran Mon 26 Jan 2009 19:40

best stock rises symbol price change BOS 1.13 +0.10 +9.7% METHAQ 3.38 +0.26 +8.3% SOROUH 2.99 +0.22 +7.9% ADAVIATION 2.15 +0.15 +7.5% TAKAFUL-EM 1.10 +0.07 +6.8%

worst stock falls symbol price change EKTTITAB 0.72 -0.08 -10% GLOBAL 3.86 -0.42 -9.8% QTEL 89.55 -9.60 -9.7% GULFNAV 0.56 -0.04 -6.7% TABREED 0.48 -0.03 -5.9%

top volume symbol value (AED) price ALDAR 150,193,917 2.51 ARTC 99,190,846 1.21 EMAAR 75,656,141 2.03 DFM 51,051,189 0.88 ADNH 45,247,554 3.09

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

UAE markets 27 Jan 2009

UAE market news & discussions for 27 January 2009 Another positive day on UAE markets today with broad gains on slightly better volumes. The DFM index rose 1.86% to close at 1,532 with 268 million shares traded worth Dh296 million. Gains were made in all sectors in particular ARTC up 10%, DEYAAR up 8.0%, TABREED up 8.5% and EMAAR up 5.0%. ARTC lead by volume with 55 million shares traded. The ADX index was higher by 1.36% at 2,226 with 92 million shares traded worth Dh167 million. Most sectors closed with gains lead by BOS up 8.5%, CBI up 6.12%, ALDAR up 2.55% and DANA up 1.85%. In other news the Dubai Department of Economic Development is forecasting positive growth for Dubai in 2009 but cleverly will not put a figure on it. Meanwhile the EMAAR Chairman 'What Crisis' Alabbar believes the fall in Dubai property prices will be limited to an average of 20% according to press reports. Results continue to come in slowly Waha 2008 FY profit Dh40m -76% NCC 08Q4 loss Dh-2.5m -104% AAAIC 08Q4 loss Dh-38m -131% FGB 2008 FY profit Dh3bn +50% UAE fourth quarter results - table of financial results so far, with dividend and AGM information UAE financial news - latest news from Reuters, Bloomberg and UAE media Sharewadi calendar - important dates Dubai Financial Market On the Dubai FInancial Market 18 shares advanced and 6 declined. Gainers included Air Arabia (AIRARABIA) 0.92 (4.54%), Arabtec (ARTC) 1.23 (10.8%), Deyaar Development (DEYAAR) 0.55 (7.84%), Dubai Financial Market (DFM) 0.89 (7.22%), Dubai Islamic Bank (DIB) 1.78 (3.48%), Emaar Properties (EMAAR) 2.01 (5.23%) and Emarat Takaful Insurance (TAKAFUL-EM)ARAT 1.03 (11.9%). Losers included Commercial Bank of Dubai (CBD) 3.00 (1.31%) and Emirates NBD (ENBD) 3.30 (4.89%). Abu Dhabi Securities Exchange On the ADX 23 shares advanced and 8 declined The banking sector led the gainers Abu Dhabi Commercial Bank (ADCB) 1.56 (6.12%), Bank of Sharjah (BOS) 1.03 (8.42%), Commercial Bank International (CBI) 2.08 (6.12%). However National Bank Of Ras Al Khaimah (RAKBANK) and United Arab Bank (UAB) both closed down 9.89%. Realestate stocks all closed higher Aldar Properties (ALDAR) up 2.55%, Ras Al Khaimah Properties (RAKPROP) up 4.35% and Sorouh Real Estate (SOROUH) up 7.68%. In Energy Dana Gas (DANA) stood out by volume closing 1.85% higher at 0.55. In construction Arkan Building Materials (ARKAN) up 1.75% and Ras Al Khaimah Cement (RAKCC) up 0.94% were the main traders. Emirates Telecom (ETISALAT) closed 1.01% higher at 9.96.

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
FGB 2008Q4 profit Dh670m +8% sharewadi Tue 27 Jan 2009 17:15 Dana Sharjah concession sharewadi Tue 27 Jan 2009 16:03 Arabtec Meydan cancelled sharewadi Tue 27 Jan 2009 14:38 AAAIC 2008Q4 loss Dh-38m -131% sharewadi Tue 27 Jan 2009 14:06 NCC 2008Q4 loss Dh-2.5m -104% sharewadi Tue 27 Jan 2009 13:29 Waha 2008 FY profit Dh40m -76% sharewadi Tue 27 Jan 2009 10:09 Arabtec bankrupt? sharewadi Tue 27 Jan 2009 09:53 DEYAAR 08Q4 profit Dh340m +62% sharewadi Tue 27 Jan 2009 09:48 Union Properties convertible bond bandakok Tue 27 Jan 2009 09:44 Banks not to publish audited annual accounts Bimcnorth Tue 27 Jan 2009 01:04 How dubai can bring back its charm? limitup Mon 26 Jan 2009 22:59 Bank of Sharjah Sharia compliant? Fran Mon 26 Jan 2009 19:40 Marketwatch ADX DFM January 2009 3973abl Mon 26 Jan 2009 15:43 DP World 2008 throughput sharewadi Mon 26 Jan 2009 12:14 DP World HSBC rating Fran Mon 26 Jan 2009 10:03 SALAM_BAH 08Q4 profit Dh28m -50% sharewadi Sun 25 Jan 2009 11:03 NMDC CEO resigns sharewadi Sun 25 Jan 2009 10:49

best stock rises symbol price change TAKAFUL-EM 1.03 +0.11 +12% ARTC 1.23 +0.12 +10.8% UPP 0.63 +0.05 +8.6% TABREED 0.51 +0.04 +8.5% BOS 1.03 +0.08 +8.4%

worst stock falls symbol price change ADNIC 7.56 -0.84 -10% GLOBAL 4.28 -0.47 -9.9% UAB 7.65 -0.84 -9.9% RAKBANK 3.28 -0.36 -9.9% BILDCO 2.48 -0.27 -9.8%

top volume symbol value (AED) price EMAAR 92,904,678 2.01 ALDAR 91,773,913 2.41 ARTC 66,452,044 1.23 DFM 36,669,501 0.89 AIRARABIA 24,715,957 0.92

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