UAE markets 01 Sep 2010

UAE market news & discussions for 01 September 2010 UAE stocks were mixed with National Bank of Umm Al Quwain the standout loser on relatively high volumes, while Du Telecom in Dubai saw a decent rise. On the Nasdaq Dubai, DP World rose 0.84%, and Depa was up 5.5%. UAE financial news - latest news from Reuters, Bloomberg and UAE media Dubai Financial Market Dubai stocks rose 0.19% to 1487 points from trading worth AED 53m with Arab International Logistics (ARMX) taking top spot by traded value for a change, up 1.2% to 1.74. Emirates Integrated Telecommunications (DU) was the top gainer, up 4.3% to 2.18, Arabtec (ARTC) rose 1.2%, and the other gainers were up less than 1% or on thin trading. Emaar Properties (EMAAR) rose 0.61% to 3.28. HITS Telecom was the worst loser, down 4.9% to 0.62, Dubai Investment Company (DIC) fell 2.4%, Shuaa Capital (SHUAA) 2.2%, Drake & Scull (DSI) 1.2%, AIRARBIA 0.63%, and the other losers fell on turnover of less than AED 1m. Abu Dhabi Securities Exchange Abu Dhabi stocks fell 0.27% to 2492 points from AED 106m worth of trading with First Gulf Bank (FGB) the most active stock, down 0.36% to 13.80 from AED 34m. National Bank of Umm Al Quwain (NBQ) was the biggest loser, down 7.6% to 2.30 from greater than usual trading worth AED 21m. Abu Dhabi National Energy (TAQA) was the only other loser trading more than AED 1m worth, down 2.5% to 1.19. Only 3 gainers traded more than AED 1m worth - Aldar Properties (ALDAR) up 1.8% to 2.28, Sorouh Real Estate (SOROUH) up 0.63%, and National Bank of Abu Dhabi (NBAD) convertible bonds up 0.31%. Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) closed unchanged.

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best stock rises symbol price change QTEL 168.30 +15.30 +10% QCEM 0.74 +0.03 +4.2% DU 2.18 +0.09 +4.3% TAKAFUL-EM 0.57 +0.02 +3.6% ARIG 1.68 +0.04 +2.4%

worst stock falls symbol price change NBQ 2.30 -0.19 -7.6% SUDATEL 2.24 -0.13 -5.5% HITSTELEC 0.62 -0.03 -4.6% GGICO 0.47 -0.02 -4.1% SALAMA 0.80 -0.03 -3.6%

top volume symbol value (AED) price FGB 34,168,800 13.80 ALDAR 23,889,322 2.28 NBQ 20,908,057 2.30 ARMX 11,160,848 1.74 DU 9,535,534 2.18

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