UAE markets 02 Jun 2010

UAE market news & discussions for 02 June 2010 UAE stocks got off to a shaky start today but recovered somewhat, especially in Dubai where the index managed to close in the green. However, volumes were still very low. On the Nasdaq Dubai at 1415 UAE time, DP World is up 0.45%, and DGS is down 0.12%. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Dubai stocks rose 1.2% to 1550 points from trading worth AED 175m with Emaar Properties (EMAAR) the most active stock, up 2.2% to 3.22 from AED 69m worth. HITS Telecom was the best of the more active gainers, up 8.85% to 0.85, Deyaar Development (DEYAAR) rose 5.4%, Arab International Logistics (ARMX) 3.55%, Dubai Financial Market (DFM) 3.25%, and the other gainers rose less than 3% or on low volumes. There were only 4 losers, and only 2 trading more than AED 1m - Emirates Integrated Telecommunications (DU) down 2.3%, and Drake & Scull (DSI) down just 0.12%. Emirates NBD (ENBD) rose 0.76% to 2.67. Abu Dhabi Securities Exchange Abu Dhabi stocks closed down by just 0.13% at 2550 points from turnover of AED 93m with Aldar Properties (ALDAR) the most active stock, up 0.65% to 3.17 from a rather thin AED 22m worth. Ras Al Khaimah Properties (RAKPROP) was the worst of the more active losers, down 2.4% to 0.41, Gulf Pharmaceutical Industries (JULPHAR) fell 2.2%, Union National Bank (UNB) 2.0%, and the other losers were down less than 2% or on low volumes. First Gulf Bank (FGB) was the best of the more active gainers, up 2.0% to 14.85, Waha Capital (OILC) rose 1.7%, and Aldar was the only other gainer trading more than AED 1m worth. National Bank of Abu Dhabi (NBAD) rose just 0.20% from less than AED 1m worth of trades, and Emirates Telecom (ETISALAT) fell 0.48%.

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	Latest posts and topics (click timestamp for last post)	Last Post By	Last Post Date
Marketwatch June 2010 DFM ADX Ali Al-Darbi Wed 02 Jun 2010 14:24 Why is ARMX heading south? Ali Al-Darbi Wed 02 Jun 2010 12:06 TABREED Going Down mohsent Tue 01 Jun 2010 21:50 Dubai Gold and Commodities Exchange (DGCX) jhar Tue 01 Jun 2010 15:29 Dubai Holding COG 2010 loss AED23bn sharewadi Tue 01 Jun 2010 14:02 Marketwatch May 2010 DFM ADX sharewadi Tue 01 Jun 2010 13:19 Drake Scull 2009 profit Trader2009 Mon 31 May 2010 15:52 What's happening? Saudi stock market 5% up! sam111sam Sun 30 May 2010 09:20 First UAE IPO in 2010 bandakok Sun 30 May 2010 00:40 Dubai International Capital debt standstill sharewadi Sat 29 May 2010 17:52 Al Mazaya capital increase 2010 sharewadi Sat 29 May 2010 12:56 UAE Stocks Recovery sammy Thu 27 May 2010 00:33 Flight to safety Ali Al-Darbi Wed 26 May 2010 10:42 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 Trading strategies that ignore 'go away in May thetradingguy Wed 19 May 2010 22:47 DIC dividend cheque for FY 2009 MNK Tue 18 May 2010 15:34

best stock rises symbol price change GLOBAL 1.20 +0.12 +11.1% HITSTELEC 0.85 +0.07 +9% DEYAAR 0.33 +0.02 +6.5% GCIC 0.62 +0.03 +5.1% RAKCEC 1.45 +0.07 +5.1%

worst stock falls symbol price change FOODCO 2.42 -0.26 -9.7% DARTAKAFUL 1.06 -0.11 -9.4% ALMADINA 0.52 -0.02 -3.7% DU 2.12 -0.05 -2.3% JULPHAR 1.75 -0.04 -2.2%

top volume symbol value (AED) price EMAAR 68,935,005 3.22 ARTC 41,665,803 2.03 ALDAR 22,028,538 3.17 DFM 20,977,826 1.59 SOROUH 16,944,495 2.08

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