24/02/2015
"Egyptian" goes up with the support of the "Mobinil" deal
Decline in most Gulf markets with weak trading and the absence of catalysts
The performance of the GCC markets yesterday characterized in the form of accidental (lateral) with the absence of catalysts after going down oil prices again and the end of the corporate earnings season, while the Egyptian Stock Exchange rallied the support of a new sign of the interest of foreign investors in the market with the announcement of a deal to increase the share of "Orange" French CompanyMobinil, Egypt's mobile phone.
The inn Brent crude price of about $ 59 a barrel during trading yesterday because of fears of an oversupply in North America and the strength of the dollar.The strong recovery in oil prices earlier this year and the results of the companies in the last quarter of last year are the main factors for the rise of the GCC stock markets.With the demise of these two factors largely volumes fell and began to market going sideways movement this week.
And Dubai's index fell 0.2 per cent in the absence of clarity in most stock trends.Climbed GFH, a Bahrain-based 7.8 percent after it announced a profit amounted to $ 1.4 million in the last quarter of the year compared to a loss of $ 18.7 million a year ago.Jumped Dubai Refreshments one small companies 9.8 per cent after the proposed dividend of AED 0.65 per share for 2014, up from 0.60 dirhams disbursed for 2013.
And the general index of the Abu Dhabi went down 0.4 per cent in decline with sagittal Abu Dhabi National Energy Company (TAQA) and "Dana Gas" which their profits are affected by oil prices 6.4 per cent and 4.3 per cent respectively.
And Qatar's index rose 0.2 per cent, with most of the rise of the stock.But sagittal Qatar Insurance and Qatar Islamic Bank decline 0.9 per cent and 2 per cent respectively, with the expiration of the distributions 2014. dividend entitlement In Kuwait, the index increased 0.2 percent to 6612 points, rose Bahrain market index 0.2 percent to 1464 points, while losing market indexMuscat 0.2 percent to 6620 points.And went up the main index of the Egyptian stock exchange 1.1 per cent, with high Orascom Telecom 4.1 per cent, while jumping EMOB is inscribed on the main index of the daily maximum of ten per cent.
