24/07/2012
A contrast in the performance of the Gulf region markets has ended yesterday the first session of the month of Ramadan, with an increase in three of the indicators of the GCC markets led by the Kuwaiti market index according to a direct report in the indexes, while the other three markets has fallen.
The top index of Kuwait Stock market indices for the three winning by 0.48 percent, followed by AbuDhabi index up to 0.15 percent, and the third was for Qatar's index with an increase up to 0.03 percent.
While the index of Dubai fell lead for the three indices declining by 1.29 percent, followed by Bahrain's index fell by 0.39 percent and Muscat index fell by 0.16 percent.
The benchmark of Dubai Financial Market by the end trading on Sunday (the first session of Ramadan) by 1.29 percent equivalent to 19.87 points to close at 1515.84 points, extending its decline for the second straight session on its biggest daily loss in the last seven weeks.
Yesterday trades fell sharply on the traded volumes and amounts with decreased volumes by 74 percent to 30 million shares, compared with 117.3 million shares at last Thursday's session, also fell turnover to 56.6 million dirhams, down 63 percent from the amounts of trading in Thursday's session, amounting to 151.8 million dirhams, and fell to the transactions to 850 bargain deals for Thursday's meeting, amounting to 1897 deal, down 55.2 percent.
Segments of the market ended trading yesterday with a decline down to six sectors with the rest of the sector, while other indices stabilized without any change, the top decline came at the head of the banking sector with a decline down to 2.3 percent, followed by the real estate sector a loss of 1.2 percent decline in the investment sector and 1 percent.
The benchmark of AbuDhabi indicator has ended yesterday on a rise of 0.15 percent, adding 3.80 points to its score reached to the level of 2471.76 points, closing its highest near level during the transactions, which was at 2472.62 points, while the lowest level during the session was 2467.27 points to close the market in the green sign for the fourth straight session.
The high index of AbuDhabi's market has ended on yesterday's session accompanied by a marked decline in the trading activity at all levels and in comparison to last Thursday's session where trading volumes amounted to 14.6 million shares versus 36.5 million shares on Thursday's session with a decline down to 60 percent.
As for trading amounts, they fell to 28.8 million dirhams, compared to about 60.47 million dirhams by the end of Thursday session by a decline of 52.37 per cent and the number of transactions to 399 transactions compared to 825 deals in Thursday's meeting as a decrease of 51.64 per cent.
The closure of Abu Dhabi's index in green was with the support of telecommunications and banking sectors came to four declining while the industrial sector on the semi-stability and other sectors has remained unchanged
The first session of the week and the sixteenth in the month of July ended to witness the ongoing rise in the performance indicators where the Kuwaiti price index rose at the close of the Stock Exchange by 0.48 per cent at 5841.50 to close at winning 27.88 points. On the other hand the weighted index ended the session yesterday, up by 0.26 per cent at the point to close at 402.17 winning 1.04 points.
The index of Qatar Exchange rose yesterday by 0.03 per cent to win 2.09 points to close at 8283.35 point compared to close at 8281.26 points in Thursday's session when the highest point reached by the index was 8291.66 points, while the point was 8275.51 is the lowest level up to the index during the session yesterday.
The performance of Bahraini index yesterday fell the in the first trading in month of Ramadan at the rate of 0.39 per cent to the level of 1110.56 points loosing 4.39 points as compared to the value of 1114.95 point to close at Thursday's meeting.
MSM Continued declining And fell by 0.16 per cent, losing 8.77 points yesterday by reaching the level of 5436.48 point compared to to close in Thursday's session at 5445.25 points, the highest level of the index yesterday is the point of opening the day at 5445.25 points, while the point was 5435.75 is the lowest level of the index yesterday.
