UAE
November 18, 2009
UAE Technical Overview
Prime Research 1
Short Term Technical Recommendations on the UAE Stock Market
Stock name Reuters Code Last Trade S R
Target
price
Intermediate overview Recommendation
Arab Tech ARTC.
DU 3.
20 2.
98 3.
25
3.
28▲...
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UAE
November 18, 2009
UAE Technical Overview
Prime Research 1
Short Term Technical Recommendations on the UAE Stock Market
Stock name Reuters Code Last Trade S R
Target
price
Intermediate overview Recommendation
Arab Tech ARTC.
DU 3.
20 2.
98 3.
25
3.
28▲
3.
45▲
Up trend
Hold above 3.
10
Add above 3.
27
Shuaa Capital SHUAA.
DU 1.
94 1.
87 1.
98 1.
98▲√ Up trend Hold above 1.
92
First Gulf Bank FGB.
AD 19.
35 18.
70 19.
55 19.
50▲√ Up trend Sell
Drake & Scull DSI.
DU 1.
03 0.
98 1.
07 1.
02▼√ Up trend Hold above 1.
02
Abaar AABAR.
AD 2.
56 2.
45 2.
65
2.
50▼
2.
18▼
Side way
Reduce on any bounce to 2.
60
or on a dip below 2.
50
Dubai Islamic Bank DISB.
DU 2.
78 2.
73 2.
88 2.
88▲√
2.
93▲
Up trend
Hold rest of position above
2.
73
Methaq Takaful Insurance
METHAQ.
AD 4.
39 3.
50 4.
10 4.
38▲√ Side way Hold rest above 4.
26
Sorouh Real Estate SOR.
AD 3.
40 3.
10 3.
70 3.
47▲√ Up trend Reduce
United National Bank UNB.
AD 3.
67 3.
40 3.
65 3.
65▲√
3.
90▲
Up trend Hold above 3.
64
Abu Dhabi Co
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