UAE markets 26 Jan 2010

UAE market news & discussions for 26 January 2010 Markets fell with property stocks especially hard hit, led down by Union Properties after being declared almost worthless in a report from Credit Suisse yesterday, and perhaps exacerbated by the ratings disagreement between Dubai Holding and Standard & Poors. On the Nasdaq Dubai at 1545 UAE time, DP World is down 5.6%, and Depa is down 3.65%. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market The Dubai index fell 3.6% to 1556 points from turnover of AED 359m with Emaar Properties (EMAAR) the most active stock, and the only one trading more than AED 100m worth as it fell 7.6% to 2.90 from AED 160m worth. Union Properties (UPP) was the worst loser, 10% limit down to 0.54, still a fair way from the 3 fils per share that Credit Suisse think they're worth. Global Investment House (GLOBAL) was also 10% limit down but from thin trading, Arabtec (ARTC) fell 7.5% to 2.09, Dubai Financial Market (DFM) was down 6.45%, Islamic Arab Insurance (IAIC) 6.25%, and most other stocks were down between 1% and 6%. There were four gainers: Al Salam Bank Sudan (ALSALAMSUDAN), up 13.9%, HITS Telecom up 9.6%, and Commercial Bank of Dubai (CBD) and Emirates NBD (ENBD) both up less than 1% on low volumes. Abu Dhabi Securities Exchange The ADX fell 0.37% to 2599 points from turnover of AED 184m with Aldar Properties (ALDAR) with most heavily traded stock, and also the worst of the more active losers, down 5.7% to 4.00 from AED 87m worth of deals. Ras Al Khaimah Ceramics (RAKCEC) and Abu Dhabi Ship Building (ADSB) were the worst losers, both down 6.5% but from limited trading. Sorouh Real Estate (SOROUH) fell 4.3%, Ras Al Khaimah Properties (RAKPROP) was down 3.9%, and the remaining losers were down less than 3% or on thin volumes. International Fish Farming (ASMAK), Gulf Pharmaceutical Industries (JULPHAR), and Finance House (FH) all closed 10% limit up but only Finance House traded more than AED 1m worth, Gulf Medical Projects (GMPC) rose 4.3% from just one trade, Abu Dhabi National Hotels (ADNH) was up 2.6%, and the other gainers were up less than 2%. Emirates Telecom (ETISALAT) rose 0.46%, and National Bank of Abu Dhabi (NBAD) fell 0.89%.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
UPP Credit Suisse valuation AED0.03 khan007 Tue 26 Jan 2010 15:35 Trade Size Novice_investor Tue 26 Jan 2010 12:13 HITS Telecom shares up? nab Tue 26 Jan 2010 10:30 Marketwatch January 2010 DFM ADX OnlineTrader Tue 26 Jan 2010 09:42 Hong Kong investment fund Dubai sharewadi Mon 25 Jan 2010 22:49 EMAAR trend analysis OnlineTrader Mon 25 Jan 2010 22:10 Waha 2009Q4 results sharewadi Mon 25 Jan 2010 20:34 Double money in one year UAE stocks sharewadi Mon 25 Jan 2010 16:36 Aabar Arabtec takeover sharewadi Mon 25 Jan 2010 16:24 Bottom Picking DFM - Is it really worth it? OnlineTrader Mon 25 Jan 2010 15:34 Technical Analysis for beginners Novice_investor Sun 24 Jan 2010 22:03 Emirates NBD stock price khan007 Sun 24 Jan 2010 17:58 Buy Sell Volume Trade Data DFM Parker Sat 23 Jan 2010 17:14 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

best stock rises symbol price change ALSALAMSUDAN 2.79 +0.34 +13.9% ASMAK 17.20 +1.55 +9.9% JULPHAR 1.80 +0.16 +9.8% HITSTELEC 2.05 +0.18 +9.6% FH 5.73 +0.45 +8.5%

worst stock falls symbol price change UPP 0.54 -0.06 -10% GLOBAL 1.10 -0.12 -9.8% EMAAR 2.90 -0.24 -7.6% ARTC 2.09 -0.17 -7.5% RAKCEC 1.44 -0.10 -6.5%

top volume symbol value (AED) price EMAAR 160,766,040 2.90 ALDAR 87,362,760 4.00 ARTC 63,391,513 2.09 DFM 38,314,594 1.45 SOROUH 22,344,789 2.22

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