23/02/2014
Most Gulf markets recorded positive performance last week.. With the exception of "Kuwaiti"
UAE stocks continue to rise with the support of leading companies
UAE stocks last week beat on profit-taking, which appeared on many of the leading stocks in the market, but the recovery of many of these stocks and overcome price levels historic likely to continue UAE stocks on the rise, as supported by positive news raise the credit rating of Emaar gains DFM, The Abu Dhabi market has been able to withstand profit-taking and slightly increased amid expectations of her return to high.
The benchmark Dubai last week was up by 2.05 per cent over the week to close at 4182.87 points at the highest level for the index in nearly five years. The index closed slightly up by Abu Dhabi did not exceed 0.46 per cent, which saw the market throughout the week profit-taking on large stocks within the market.
The Moody's credit rating has raised the corporate family rating and the financial risk for the company, " Emaar Properties " to Ba3 from Ba1, and raised the rating of " instruments of reconstruction Ltd. " to Ba1 from B1, outlook stable . Moody's explained that it had raised its credit rating for reconstruction because of the strong financial performance shown by the company recently, and instruments included $ 500 million in "NASDAQ Dubai
Emaar had announced this week the 2013 financial results, which showed net profits amounted to 2 568 billion dirhams (700 million dollars), compared to 2 119 billion dirhams ($ 577 million) last year, a growth of 21 per cent. And shares of reconstruction by the end of the trading week at 5.79 per cent to support the real estate sector index up to 2.86 per cent. In Kuwait, the price index ended the week down 1.34 percent to close at 7737.49 points, affected by the market last week by fears that some companies delayed their declaration with the end of the month set by the market, as was the management of the decisions taken by the management of the market earlier this week suspended a number of traders and some negative impact on the market.
In Bahrain, the market continued its strong performance last week amid expectations continue to rise this week, supporting increased liquidity and trading volumes rising trend, and the General index to 3.64 per cent higher last week when the level of 1365.85 points achieved their highest market since 19 May 2011; no more than «33 months» with the support of the investment industry. In Doha, the market continued to rise for the third consecutive week with gains of 3.1 percent for the General Index closed at 11872.4 points, with support from the industrial sector, which rose by 5.3 percent, with its share of command «industries» by 8.2 percent to 194 Riyals. In Muscat, the General Index registered a decrease of 0.09 percent over the past week stable without the «7170» at 7166.67 point.
