29/06/2014
With the exception of "Kuwait" .. decline hangs over the region's markets last week
Gulf bourses are looking forward to the results of the second quarter to stem losses
The Dubai market losses topped the region's markets over the past week by losing 8 per cent followed by a DSM with a loss of 5.12 per cent and Abu Dhabi to a loss of 2.9 percent, and Manama Souq 0.19 percent did not exceed losses, while the Kuwait market bucked the trend and rose during the week 0.6 percent. The market expects the losing new incentives to return to raise above all the results of the second quarter that would support a new wave of Ascension. Analysts believe that the UAE stock is moving towards stability and cohesion, ending the bloodiest wave correction in years ago and lasted more than three weeks, on the condition that Dubai or Abu Dhabi market can keep upward reflux for several sessions, which would restore a large segment of the portfolio managers and investment funds and large investors to the market.
The Dubai real estate market led to weekly losses amounted to 8 per cent of the market index closed at 4222.75 points as the market continues its weekly was ' arabtec ' main engine, along with other leading shares in the real estate sector. Real estate index fell by 12 per cent during the week, led by shares of arabtec, the weekly losses amounted to 27.2 percent, as the market took news of the intention of arabtec shares pulled out of the Dubai market, but the company denied the reports which led to the decline of the stock losses, but returned again to land over the weekend. As the leading construction shares dropped 6.3 percent. The banking sector index fell 1.9 percent, under pressure from Emirates NBD shares, which fell 1.5 percent.
And in the weekly market losses less than Dubai market index closed 2.9 per cent at 4664.77 points, affected by the real estate market in Dubai by scoring 10.3 percent after its share leadership Aldar. In Kuwait bucked the market trend to GCC markets last week posted a rise of 0.6 per cent of the price index closed at 6981.85 points, still the market lacked incentives amid restrictions on speculators in the market, where legal materials were referred to the Constitutional Court restricting the movements of speculators in the market is what considered a key reason analysts don't market this year compared with most regional markets.
The Doha market continued to decline for third week losing 5.12 percent index closed at 11816.50 points as the leading shares in the market selling pressure amid anticipation and caution amongst traders to regional developments and investigations on suspicion of bribing World Cup, which is expected with continued profit-taking in the market pending new stimulus may be the results of the second quarter of this year. In Manama last week market ended slightly lower only 0.19 percent at 1432.05 points, with the market moving horizontally indicating consistency compared to the region's markets experiencing strong profit situation.
