UAE
November 18, 2009
Prime Morning Notes
Prime Research 1
Today’s Headlines
Emaar Properties (EMAR.
DU) has announced that they have filed an appeal three
months ago against the previously announced judgment by Saudi Arabia in April 2009.
Emaar is...
More
UAE
November 18, 2009
Prime Morning Notes
Prime Research 1
Today’s Headlines
Emaar Properties (EMAR.
DU) has announced that they have filed an appeal three
months ago against the previously announced judgment by Saudi Arabia in April 2009.
Emaar is confident in of their position that the board of grievances in Saudi will render a
decision in favour of Emaar.
Agility (AGLT.
DU) announced the defense logistics agency has temporarily suspended
PWC from being awarded any new business until it determines that the company is presently
responsible.
Tables Sources: DFM, ADX, ESM, Reuters, Prime Estimates
The DFM General Index lost 0.
91% (19.
97 points) to close at 2,178.
53 points after trading AED568 million worth of shares, which left 3 stocks up, 22 down and 4 unchanged.
Emaar Properties was the most traded stock capturing AED317 million of the total losing
1.
1% to AED4.
5.
DFM followed trading AED89 million falling 1.
71% to AED2.
3, then
Arabtec trading AED34 million declining 1.
2
Less
