UAE markets 14 Feb 2010

UAE market news & discussions for 14 February 2010 There were no roses for the Dubai stock market on Valentine's Day 2010, but lots of red ink as Dubai stocks took a hefty dump on higher volumes than last week, with Emaar and Arabtec leading the way down. Emaar reported 2009 results at the end of last week after markets closed. Abu Dhabi also fell but by nowhere near as much. Coincidently, there were news reports this morning of Dubai World debt being offered at 60 cents in the dollar to creditors but we won't talk about that for fear of fuelling unfounded speculation. There is a sense of deja vu in the air. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market The Dubai Financial Market (DFM) fell 3.5% to 1618 points from increased turnover of AED 496m with Emaar Properties (EMAAR) the only stock trading more than AED 100m worth and was almost the worst loser, down 5.9% to 3.04 from AED 229m. Arabtec (ARTC) was the worst of the more active losers, down 6.1% to 2.16. Dubai Financial Market (DFM) shares fell 5.7%, Gulf Navigation (GULFNAV) 5.2%, Emirates NBD (ENBD) and Gulf General Investment (GGICO) were 5% limit down, Dubai Islamic Bank (DIB) fell 4.9%, Drake & Scull (DSI) 4.6%, National General Cooling (TABREED) 4.3%, and most other stocks were down between 1% and 4%. There were only three gainers, Dubai National Insurance & Reinsurance (DNIR), Commercial Bank of Dubai (CBD), and Arab Insurance Group (ARIG), all up on just one small trade each. Abu Dhabi Securities Exchange The ADX fell 0.64% to 2726 points from turnover of AED 112m with Aldar Properties (ALDAR) the most active stock, down AED 2.7% to 3.78 from AED 44m. Abu Dhabi Commercial Bank (ADCB) was the worst of the more active stocks, down 6.3% to 1.75, although three companies saw 10% limit down closes but from just a handful of trades - Emirates Driving Company (DRIVE), Ras Al Khaimah Ceramics (RAKCEC), and Union Cement (UCC). Sorouh Real Estate (SOROUH) fell 2.5%, Arkan Building Materials (ARKAN) 2.3%, and the remaining losers were down less than 2% or on low volumes. Emirates Telecom (ETISALAT) was unchanged, and National Bank of Abu Dhabi (NBAD) fell 1.25%. There were five gainers with Gulf Cement (GCEM) 10% limit up but none traded more than AED 1m worth.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
Dubai World debt repayment JDP Sun 14 Feb 2010 14:15 Drake Scull 2009 profit sharewadi Sun 14 Feb 2010 14:06 Air Arabia 2009Q4 profit AED115m -15% sharewadi Sun 14 Feb 2010 13:43 Dubai debt default again sharewadi Sun 14 Feb 2010 13:35 Par values and dividends UAE sharewadi Sun 14 Feb 2010 13:23 DIB 2009 Q4 profit AED80m sharewadi Sun 14 Feb 2010 13:20 Emaar 2009Q4 profit 720m +10% Rick Sun 14 Feb 2010 09:09 Best investments in UAE 2010? dabbler1 Sun 14 Feb 2010 01:54 Marketwatch February 2010 DFM ADX sam111sam Fri 12 Feb 2010 02:18 Rafiul IPO sharewadi Thu 11 Feb 2010 16:23 Emirates NBD 2009Q4 profit AED179m +1100% sharewadi Thu 11 Feb 2010 12:37 DFM in 5 Years Cash King Sun 07 Feb 2010 20:36 Arabtec Yasmeen Hotel Syria Cash King Sun 07 Feb 2010 19:28 DU Aggressive Pricing ...Impact of Profit sam111sam Sun 07 Feb 2010 09:21 Mashreq 2009Q4 loss AED120m sharewadi Thu 04 Feb 2010 23:36 Dubai oil discovery dabbler1 Thu 04 Feb 2010 18:09 Arabtec Aabar meeting khan007 Thu 04 Feb 2010 17:40

best stock rises symbol price change GCEM 1.77 +0.16 +9.9% ARIG 1.90 +0.14 +8% ADNH 4.36 +0.26 +6.3% SCIDC 1.40 +0.07 +5.3% CBD 3.85 +0.15 +4.1%

worst stock falls symbol price change DRIVE 4.77 -0.53 -10% RAKCEC 1.52 -0.14 -8.4% GLOBAL 1.11 -0.08 -6.7% ADCB 1.75 -0.12 -6.4% ARTC 2.16 -0.14 -6.1%

top volume symbol value (AED) price EMAAR 228,999,030 3.04 DFM 63,574,176 1.50 ARTC 54,346,811 2.16 ALDAR 43,819,483 3.78 DIB 38,732,133 2.32

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