UAE markets 23 May 2010

UAE market news & discussions for 23 May 2010 UAE stocks saw mostly red today on relatively modest trading levels. On the Nasdaq Dubai at 1500 UAE time, DP World is up 0.45% to $0.44, and Depa is unchanged at $0.78. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Dubai stocks fell 0.66% to 1681 points from AED 163m worth of trading, with Emaar Properties (EMAAR) the most active stock, down 0.13% to 3.69 from AED 71m worth. Gulf Finance House (GFH) was the worst loser, 10% limit down to 0.59, National General Cooling (TABREED) fell 2.2%, Drake & Scull (DSI) was down 1.8%, Gulf Navigation (GULFNAV) 1.6%, and the other losers fell less than 1.5% or on low volumes. There were only three gainers - Shuaa Capital (SHUAA) up 2.9%, Emirates NBD (ENBD) up 0.34%, and Dubai Investment Company (DIC) the only gainer trading more than AED 1m, up 0.23%. Abu Dhabi Securities Exchange Abu Dhabi stocks fell 0.80% to 2758 points from AED 120m worth of trading with Aldar Properties (ALDAR) the most active stock, down 2.5% to 3.55 from AED 38m worth of deals. Abu Dhabi Commercial Bank (ADCB) was the worst of the more active losers, down 2.7% to 1.77, Sorouh Real Estate (SOROUH) fell 1.3%, Dana Gas (DANA) 1.2%, Emirates Telecom (ETISALAT) 0.92%, National Bank of Abu Dhabi (NBAD) 0.85%, and the other losers were down less than 1% or on low volumes, including a single 10% limit down trade for Foodco Holding (FOODCO). There were 7 gainers with only Abu Dhabi National Energy (TAQA) trading more than AED 1m worth, up 0.86% to 1.18.

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
Marketwatch May 2010 DFM ADX trades4profit Sun 23 May 2010 15:03 Air Arabia stock price downtrend small fry Sun 23 May 2010 13:52 What is gold saying Novice_investor Fri 21 May 2010 16:13 Why is ARMX heading south? thajuddeen Fri 21 May 2010 10:37 UAE Stocks Recovery GPIC Thu 20 May 2010 13:17 Trading strategies that ignore 'go away in May thetradingguy Wed 19 May 2010 22:47 Drake Scull 2009 profit newride Wed 19 May 2010 10:31 DIC dividend cheque for FY 2009 MNK Tue 18 May 2010 15:34 Aldar Bank of America rating Cash King Tue 18 May 2010 10:27 Aabar 2010Q1 AED 959m loss or 1.6bn profit? sam111sam Mon 17 May 2010 08:08 HITS Telecom financial result 2009 khan007 Sun 16 May 2010 13:35 DU Telecom 2010Q1 profit 97m sam111sam Fri 14 May 2010 19:36 DFM Dividend 2009-2010 famj Wed 12 May 2010 22:41 Any reason why DSI is lagging behind the rest? aerojack Wed 12 May 2010 20:42 Air Arabia 2010Q1 profit AED50m -51% joeoma Tue 11 May 2010 11:59 Arabtec dividend 2009 MNK Tue 11 May 2010 08:40 Emaar & chances of a dividend? Rick Mon 10 May 2010 23:12

best stock rises symbol price change ADSB 3.64 +0.31 +9.3% BILDCO 2.23 +0.16 +7.7% SHUAA 1.42 +0.04 +2.9% GCIC 0.71 +0.02 +2.9% AGTHIA 2.01 +0.03 +1.5%

worst stock falls symbol price change FOODCO 2.97 -0.33 -10% GFH 0.59 -0.07 -10.6% EKTTITAB 0.43 -0.02 -4.4% ALMADINA 0.66 -0.03 -4.3% ALSALAMSUDAN 2.09 -0.08 -3.7%

top volume symbol value (AED) price EMAAR 70,590,323 3.69 ALDAR 37,982,574 3.55 ARTC 27,230,984 2.31 SOROUH 24,892,480 2.22 DFM 20,454,387 1.70

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