UAE markets 03 Mar 2010

UAE market news & discussions for 03 March 2010 The ADX rose but the DFM fell, with volumes seemingly lower and lower every day. And it's not even summer time yet. On the Nasdaq Dubai at 1430 UAE time, DP World is up 0.53% to $0.379, with traded value so far today almost as much as the total for the ADX or DFM. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Dubai stocks fell 0.96% to 1573 points from just AED 106m worth of trades, with Emaar Properties (EMAAR) the most active stock, down 1.7% to 2.94 from AED 29m worth. Arab Insurance Group (ARIG) fell 7.0% from just two trades, HITS Telecom was the worst of the losers trading more than AED 1m (just barely), down 4.85% to 1.57, Arab International Logistics (ARMX) fell 2.9%, Shuaa Capital (SHUAA) 2.6%, Gulf Finance House (GFH) and Deyaar Development (DEYAAR) 2.2%, and the other losers were down less than 2%. There were only two gainers, the two Al Salam Bank listings, but neither traded more than AED 100k worth. Abu Dhabi Securities Exchange Abu Dhabi stocks gained a modest 0.21% to close at 2731 points, with trading levels low at AED 85m worth of deals. First Gulf Bank (FGB) was in the top spot on volume for a change, up 3.2% to 17.80 although that was from just AED 20m. Top gainer was Finance House (FH) with an 8.6% rise despite a 10% limit down closing price of AED 6.60. National Corporation for Tourism & Hotels (NCTH) was the best of the more actively traded stocks, up 6.25% to 8.50, Waha Capital (OILC) rose 1.1%, National Bank of Abu Dhabi (NBAD) 0.4%, and the other gainers rose on low volumes. Ras Al Khaimah Cement (RAKCC) was the worst of the more active losers, down 1.8% to 1.10, followed by Aldar Properties (ALDAR), down 1.7%, and Dana Gas (DANA), down 1.2%. The other losers fell less than 1% or on low volumes. Emirates Telecom (ETISALAT) closed unchanged at 12.05.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
Marketwatch February 2010 DFM ADX sharewadi Wed 03 Mar 2010 13:59 Sukuks traded online bitsiankaushik Wed 03 Mar 2010 13:24 No cash dividend for ARMX bandakok Wed 03 Mar 2010 11:13 Arabtec 2009Q4 loss AED16m sam111sam Wed 03 Mar 2010 09:44 DFM 2009Q4 profit AED88m +150% GPIC Tue 02 Mar 2010 21:48 The Dark Side of Dubai sm2000 Tue 02 Mar 2010 21:01 UPP buy or sell? sam111sam Tue 02 Mar 2010 10:22 Arabtec new contract default_monger Tue 02 Mar 2010 10:13 Emaar dividends 2009 bandakok Tue 02 Mar 2010 01:32 Repeating Revenue Streams GPIC Mon 01 Mar 2010 19:35 Best investments in UAE 2010? sam111sam Mon 01 Mar 2010 17:33 Palm Springs Dubai pboy7 Sat 27 Feb 2010 04:56 Dubai Abu Dhabi loan not used sharewadi Thu 25 Feb 2010 11:57 Air Arabia dividend Ali Al-Darbi Wed 24 Feb 2010 15:42 DU Results Dhs 264m for 2010 sam111sam Wed 24 Feb 2010 15:07 DFM stock game 2010 sharewadi Wed 24 Feb 2010 14:29 Drake Scull 2009 profit Ali Al-Darbi Wed 24 Feb 2010 13:25

best stock rises symbol price change FH 6.60 +0.63 +10.6% ADNH 4.39 +0.30 +7.3% NCTH 8.50 +0.50 +6.3% SALAM_BAH 0.93 +0.03 +3.3% FGB 17.80 +0.55 +3.2%

worst stock falls symbol price change TKFL 4.50 -0.50 -10% QTEL 158.40 -15.30 -8.8% ARIG 2.12 -0.16 -7% RAKCEC 1.70 -0.11 -6.1% BILDCO 1.77 -0.11 -5.9%

top volume symbol value (AED) price EMAAR 29,182,367 2.94 ARTC 20,862,115 2.06 FGB 20,470,183 17.80 DANA 12,551,358 0.81 DFM 12,500,869 1.41

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