08/06/2014
Expected recovery of the UAE shares with the support of the economic stimulus
«Abu Dhabi» and «Doha» losses were high on the GCC markets in a week
listed Stocks on the market in the UAE and Qatar, which have been included in the list of selected index of emerging markets witnessed profit-taking led Abu Dhabi to achieve the highest losses among Gulf markets rose 3.8 per cent, followed by the Qatari market, which lost is the other 3.7 per cent, a decline in unit market losses Dubai did not exceed 0.26 per cent over the week, the market has seen in Bahrain and Kuwait, with a slight increase control performance on the horizontal markets.
The stock UAE's led which came within a selected menu of index emerging markets "msci", Abu Dhabi decline during the past week by 3.8 percent, while the impact on the Dubai market lower, losing 0.26 per cent, with the continuation of the process of correction in the markets amid expectations of a swift return to the upward trend, which comes within the framework of supporting the economic stimulus experienced by the UAE.
And the UAE market lost last week about 25 billion dirhams from its market value, the share of Abu Dhabi, including 20 billion dirhams, while the share of the Dubai market of five billion dirhams, and the markets of Dubai and Abu Dhabi were awarded in the middle of last May, and after years of waiting on the recognition and acknowledgment of international, the ranks of emerging markets instead of markets going up, and included a list of UAE stocks included in the index both the "reconstruction" and "Arabtec" and "ALDAR" and Abu Dhabi Commercial Bank and Dubai Ports and Dubai Financial Market and the Dubai Islamic Bank and First Gulf Bank and National Bank of Abu Dhabi.
In Kuwait, the price index increased weekly rate of 0.64 per cent to close above 7,300 points at 7337.37 points, amid expectations that dominate the market movement transverse matches the performance of the market at the same time of the year, and increased levels of liquidity circulating in the market by 42 per cent, also recorded volumes grew by 20 per cent, also stepped transactions executed in the market in that period by 37.5 percent, reaching 18204 deals compared to 13247 deal.
In Bahrain, the market index rose during the past week by a minor did not exceed 0.15 per cent to close at 1461.55 points, where the market continues to move in the direction of sideways between the level of 1440 points and 1470 points, and expect that if it breaks the level of 1480 points to rise to 1520 points.
And supporting the performance of the market last week, gains in the "Services" by 2.44 per cent and the insurance sector rose by about 1.76 per cent gains.The profit of the banking sector accounted for 0.25 per cent.
In Doha, the index fell by 3.37 percent to close flat at 13232.06 points, the index fell the banking sector by the end of 4.32 percent, with shares fell Bank 9.74 per cent and the Rayan share by 9.30 per cent, Qatar National Bank fell, the owner of the largest weight in thePremier index by 0.82 per cent.
The industry sector index fell 3.8 per cent, with shares of cement falling 12.60 per cent and 4.74 per cent of investors, and Industries Qatar leader by more than 3.34 per cent.The transport sector index rose 4 per cent, with the rise of share vectors 5.26 per cent and 3.37 per cent navigation.Turnover rose throughout the week 30.3 per cent to 7.29 billion riyals compared to 10.46 billion riyals, also increased the number of shares traded 16.5 per cent to 163.65 million shares compared with 195.9 million shares.
