22/12/2013
With the exception of the Bahraini market
High collective GCC Equity backed global gains
Gulf stock markets closed last week on a rise after the help from the shrink of unpretentious from the US Central Bank's procedures for motivation and benefits of global markets to support the positive atmosphere in the region. Gulf markets were not only highly vulnerable to tightening monetary policy, since the surpluses in the balance of current transactions and budgets but positive global background helped to improve trading.
In the State of U.A.E. Dubai stocks closed higher in five years with rising 1.1 per cent to extend its gains this year to 99.9 per cent, to come between the best stock market performance in the world. And real estate-related shares led the gains with a rise of stock Deyaar Development 2.2 per cent and Emaar 2.1 per cent. In Abu Dhabi, Dana gas shares jumped 9.4 percent to the highest level since October and the number of traded shares the highest level in at least two years, and the stock index 1.1 percent to a new high level in 36 months, extending gains in 2013 to 57.3 per cent. In Kuwait, the Kuwaiti stock exchange index ended the trading week up 0.4 per cent at 7605 points supported by the optimism that prevailed in the region's markets, the index of the Sultanate of Oman to the 6800 points, up 0.2 percent, bucking the overall trend Bahrain stock exchange index slipped by 0.1 percent to 1,206 points.
