UAE markets 28 Jan 2010

UAE market news & discussions for 28 January 2010 Stocks rose today, led by Emaar, DFM and Arabtec with most stocks in the green. ADCB was a surprise gainer after announcing a big loss on Tuesday, and FGB was busy but didn't rise, despite announcing solid profits yesterday. On the Nasdaq Dubai at 1530 UAE time, DP World is down 3.3%, and Damas and Depa are unchanged. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market The Dubai index rose 2.2% to 1599 points from AED 334m worth of trading, with Emaar Properties (EMAAR) the only stock trading more than AED 100m, up 4.75% to 3.09 from AED 125m worth. Dubai Financial Market (DFM) was the best of the more active stocks, up 6.0% to 1.58, Arabtec (ARTC) was up 5.1%, Gulf Finance House (GFH) 4.6%, and most other stocks rose between 1% and 3%. There were 5 losers, with National Cement Company (NCC) and Dubai Insurance (DIN) the worst, closing 5% limit down, but none traded more than AED 1m worth. Abu Dhabi Securities Exchange The ADX rose 1.0% to 2628 points from turnover of AED 222m with Aldar Properties (ALDAR) the most active stock, up 2.3% to 4.01 from AED 80m worth of trades. First Gulf Bank (FGB) was in second spot by turnover with AED 53m worth, more than it usually trades, but share price was unchanged at 15.30. Top gainers were Abu Dhabi Commercial Bank (ADCB) and National Marine Dredging (NMDC), both 10% limit up at closing prices of 1.50 and 9.53 respectively. Aabar Energy (AABAR) was up 3.8%, Sorouh Real Estate (SOROUH) 3.6%, and the remaining gainers rose less than 3% or on low volumes. There were only four losers including Invest Bank (INVESTB) 10% limit down but from just two trades, and Abu Dhabi National Hotels (ADNH) down just 0.51%, the only loser trading more than AED 1m worth. National Bank of Abu Dhabi (NBAD) was up 1.4%, and Emirates Telecom (ETISALAT) was unchanged.

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
Emaar Indonesia Lombok meeting yusufbg52 Thu 28 Jan 2010 15:10 ADCB 2009Q4 loss AED1.2bn Suhail Thu 28 Jan 2010 14:03 UPP Credit Suisse valuation AED0.03 sam111sam Thu 28 Jan 2010 13:37 Air Arabia 2009Q3 profit AED144m -33% bandakok Thu 28 Jan 2010 10:06 Emirates NBD S&P ratings cancelled sharewadi Wed 27 Jan 2010 18:49 FGB 2009Q4 AED855m +27% sharewadi Wed 27 Jan 2010 18:34 DIC 2009FY profit AED963m sharewadi Wed 27 Jan 2010 18:28 NMDC 2009 unaudited financials shiar03 Wed 27 Jan 2010 13:06 Shuaa UAE Vision 2010 market report sharewadi Wed 27 Jan 2010 12:59 Daman IPO sharewadi Wed 27 Jan 2010 12:54 Marketwatch January 2010 DFM ADX sharewadi Tue 26 Jan 2010 18:42 Trade Size Novice_investor Tue 26 Jan 2010 12:13 HITS Telecom shares up? nab Tue 26 Jan 2010 10:30 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

best stock rises symbol price change NMDC 9.53 +0.81 +9.3% ADCB 1.50 +0.11 +7.9% ADSB 3.87 +0.27 +7.5% HITSTELEC 2.14 +0.14 +7% UCC 1.60 +0.10 +6.7%

worst stock falls symbol price change INVESTB 1.76 -0.19 -9.7% NCC 3.07 -0.16 -5% DIN 20.35 -1.05 -4.9% SCIDC 1.35 -0.06 -4.3% SUDATEL 3.00 -0.12 -3.8%

top volume symbol value (AED) price EMAAR 124,932,596 3.09 ALDAR 79,775,535 4.01 ARTC 64,875,142 2.27 DFM 58,464,305 1.58 FGB 53,279,805 15.45

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