UAE markets 24 Jan 2010

UAE market news & discussions for 24 January 2010 Most stocks tanked today, led by Emaar 10% limit down in Dubai, and Aldar almost limit down in Abu Dhabi. The Abu Dhabi index was propped up by Etisalat and NBAD despite the big falls in other shares, but the Dubai index was more reflective of the carnage despite only a small drop in Emirates NBD. On the Nasdaq Dubai at 1430 UAE time, DP World is down 3.2% and Damas is down 15%. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market The Dubai market crashed by 4.9% to 1571 points from AED 459m worth of trading, led by Emaar Properties (EMAAR) 10% limit down at 2.97 from AED 188m worth of deals, the worst loser, and the most actively traded stock. Arabtec (ARTC) fell 7.6% to 2.18 and was the only other stock trading more than AED 100m worth. Dubai Financial Market (DFM) shares fell 8.8%, Union Properties (UPP) by 7.8%, Deyaar Development (DEYAAR) 7.4%, and most other stocks fell between 2% and 7%. Emirates NBD (ENBD) was one of the least bad losers, down 1.9% to 2.54. There were only two gainers, HITS Telecom up 14% to 1.62, and Global Investment House (GLOBAL) up 2.5%. Abu Dhabi Securities Exchange The ADX fell 1.4% to 2600 points from turnover of AED 199m with Aldar Properties (ALDAR) plummeting 9.3% to 4.00 from AED 79m worth of deals, the most actively traded stock. Arkan Building Materials (ARKAN) and Green Crescent Insurance (GCIC) closed 10% limit down but on low volumes, Aabar Energy (AABAR) fell 8.3%, Sorouh Real Estate (SOROUH) was down 6.6%. Abu Dhabi Commercial Bank (ADCB), Ras Al Khaimah Properties (RAKPROP), and Dana Gas (DANA) all fell more than 5%, and most other stocks were down between 1% and 4%. National Bank of Abu Dhabi (NBAD) fell just 0.90% and Emirates Telecom (ETISALAT) was unchanged. There were only 3 gainers, Gulf Pharmaceutical Industries (JULPHAR), National Bank of Umm Al Quwain (NBQ), and Bank of Sharjah (BOS), none of them on trading levels of any significance.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
EMAAR trend analysis Suhail Sun 24 Jan 2010 14:24 Marketwatch January 2010 DFM ADX thajuddeen Sun 24 Jan 2010 14:22 Aabar Arabtec takeover bandakok Sun 24 Jan 2010 11:41 Bottom Picking DFM - Is it really worth it? thajuddeen Sun 24 Jan 2010 09:43 Technical Analysis for beginners Suhail Sat 23 Jan 2010 18:28 Trade Size Suhail Sat 23 Jan 2010 18:23 Buy Sell Volume Trade Data DFM Parker Sat 23 Jan 2010 17:14 Double money in one year UAE stocks thajuddeen Sat 23 Jan 2010 10:52 Drake & Scull CFO Resigns Metric Sat 23 Jan 2010 09:10 ESCA lawyer wanted launiusk Fri 22 Jan 2010 19:46 Al Madina share buyback ixtira Fri 22 Jan 2010 14:22 EMAAR merger vs Dubai World default thajuddeen Fri 22 Jan 2010 11:02 Dubai debt $170 billion thajuddeen Thu 21 Jan 2010 00:11 The block theory GPIC Thu 21 Jan 2010 00:06 How a Bubble is built? Suhail Wed 20 Jan 2010 23:38 Arabtec Palestine Nablus water project ITSME Wed 20 Jan 2010 20:41 Emirates NBD stock price khan007 Wed 20 Jan 2010 17:56

best stock rises symbol price change HITSTELEC 1.63 +0.21 +14.8% JULPHAR 1.85 +0.08 +4.5% NBQ 3.65 +0.15 +4.3% GLOBAL 1.22 +0.03 +2.5% RAKCC 1.05 +0.01 +1%

worst stock falls symbol price change EMAAR 2.97 -0.32 -9.7% DFM 1.44 -0.15 -9.4% ARKAN 2.11 -0.22 -9.4% SHUAA 1.16 -0.11 -8.7% GCIC 0.77 -0.07 -8.3%

top volume symbol value (AED) price EMAAR 187,914,717 2.97 ARTC 118,623,766 2.17 ALDAR 78,783,818 4.00 DFM 46,304,451 1.44 FGB 25,269,156 15.30

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