29/10/2013
Kuwait's index was the lowest
«Profit» drops down most of Gulf index
Most Gulf stock markets fell yesterday by reaping the profits. Kuwait index retreats led which dropped 0.6 percent to 7,949 points, followed by the Dubai market by 0.4 per cent lower to close at 2,913 points, and then Abu Dhabi index was down 0.2 percent, ending his dealings at 3885 points, as Qatar index drops by 0.2 percent to close at 9,813 points. On the other hand went up Muscat Securities index rose 0.02 percent, ending trading at 6,653 points; and Bahrain index settled at 1,192 points. In UAE Dubai market index retreated Tuesday from its highest level in five years but remains high 79.5 per cent since the beginning of the year.
Abu Dhabi index losses came under pressure from five sectors closed to undo, versus 30 sector came up and the communications sector. The highest losses from the service sector's share decline of 2.13 per cent followed by the energy sector by 1.2 per cent and the goods sector came in third by drop amounted to 0.89 per cent. On the other hand, the Egyptian stock exchange during trading yesterday the first 2 percent of their highest level in 33 months under pressure of sales of individual investors. According to Reuters ' said Ashraf Enoch, co-Chair of the Department of international trade's stock brokers ' profits of Egyptian investors and individuals. There is limited participation on the part of international investors and institutional trading volumes less than usual.
The Exchange came in the previous session after the UAE signed an agreement to provide assistance to Egypt valued at $ 4.9 billion, $ 1 billion in July. In addition to the assistance of 12 billion dollars already pledged the Gulf. Enoch said ' new aid of Egypt and positive morale on the market but we need concrete political action to see the adoption of the draft Constitution and holding parliamentary elections. When it's done we'll see real interest from investors.
