24/11/2014
Qatar's stock market contrary to the trend goes down
Strong gains for most markets in the region with the support of the oil and recovery « Global »
The slight recovery in oil prices and a rise in global stocks Support most stock markets in the Middle East today but the sale for a profit in Qatar. Brent again try to rise above $ 80 a barrel and global equities markets escalated last weekend after China's decision to cut interest rates and sudden hint the ECB to accelerate the purchase of bonds. The Dubai index rose 1.5 per cent with most of the stock's rise. Most of the support came from the real estate company Emaar shares listed in the Emirate, which rose 3.7 percent to 11.30 dirhams. And Abu Dhabi index 0.1 percent, led by shares of Aldar Properties, which increased 2.2 per cent. Rak Bank Shares raised 2.1 percent to 9.65 AED after he broke the resistance level around 9: 30 in the previous meeting.
But Qatar stock exchange fell 0.7 percent as investors take profits after strong gains last week. And Qatar National Bank shares went down 0.9 percent after climbing 2.9 percent last week. And healthcare group shares fell 1.5 percent after rising 8.3 per cent. In Kuwait the indicator rose 0.1 percent to 6955 points. The Bahraini market index also rose 0.5 percent to 1,449 points. In the Muscat index rose 0.9 percent to 7139 points. The main index rose for the Egyptian stock exchange 0.2 per cent with Amer shares 5.5 percent after the company said it will separate the real estate activities of hospitality, retail, food and entertainment. Real estate analyst Ozan harshagit banks of Naeem brokerage said in Cairo in a note ' given the lack of listed securities in the retail sector, food and hotels in Egypt-real estate activity may receive assessment of domestic and foreign investors alike '.
