UAE markets 29 Aug 2010

UAE market news & discussions for 29 August 2010 Stocks rose in Abu Dhabi, which saw more activity than in Dubai for a change. On the Nasdaq Dubai, DP World was up 1.7%, and Depa fell 8.6%. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Dubai stocks fell 0.08% to 1496 points from trading worh AED 46m with Emaar Properties (EMAAR) the only stock trading more than AED 10m worth, unchanged at 3.30. Only three other stocks traded more than AED 1m worth - Arabtec (ARTC) and Dubai Financial Market (DFM) unchanged, and Air Arabia (AIRARABIA) down 0.25%. Abu Dhabi Securities Exchange Abu Dhabi stocks rose 0.32% to 2509 points from trading worth AED 114m with Aldar Properties (ALDAR) the most active stock, up 1.75% to 2.28 from AED 52m, and also the best of the more active gainers. First Gulf Bank (FGB) was th only other stock trading more than AED 10m, up 1.5% to 13.85. National Bank of Abu Dhabi (NBAD) rose 0.89% to 11.35, Emirates Telecom (ETISALAT), Dana Gas (DANA), and Sorouh Real Estate (SOROUH) were all unchanged, Aabar Energy (AABAR) fell 1.25%, and the remaining stocks all traded less than AED 1m.

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best stock rises symbol price change ASMAK 9.07 +0.82 +9.9% GFH 0.47 +0.01 +2.2% ADCB 1.69 +0.04 +2.4% SUDATEL 2.39 +0.05 +2.1% TAKAFUL-EM 0.56 +0.01 +1.8%

worst stock falls symbol price change RAKCEC 1.60 -0.13 -7.5% NCTH 7.00 -0.50 -6.7% SHUAA 0.92 -0.03 -3.2% SCIDC 0.99 -0.02 -2% GULFNAV 0.51 -0.01 -1.9%

top volume symbol value (AED) price ALDAR 51,627,158 2.28 FGB 29,595,183 13.85 EMAAR 23,297,853 3.30 ETISALAT 8,385,545 10.00 DANA 8,374,252 0.78

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