21/11/2013
Has risen 76% since the beginning of the year
'Dubai' top 4 winner GCC markets
The Dubai index was on the top of four Gulf bourses winner, while Qatar and Bahrain fall behinde. The Dubai index rose 1.1 percent to 2,888 points is still the local individual investors is betting on a decision to be issued on 27 November on the hosting of the World Expo 2020, hoping to be selected. Emaar Properties rose 2 percent. Pointer faces technical resistance at 2,900-point task that you find in this region in late October and early November. In Qatar, which eliminated all stock trading on Monday due to a technical problem, the main index rose in early deals on Thursday with orders pending from the previous session, but then retreated and closed down 0.2 percent.
Qatar stock exchange investors is more conservative and safest of the UAE market, which makes it rise again before the end of the year, with investors on stocks with high dividends. Ali Alado Investor Manager in Abu Dhabi national investor ' I think many investors reduce exposure to UAE after very good '. Qatar index has risen 24 percent since the beginning of the year, while the index Dubai 76 per cent and Abu Dhabi index won 45 percent. Bahrain stock exchange index down 0.5 per cent under the influence of Ahli United Bank shares which fell 2.2 per cent after the Bank issued statements yesterday and today said that important figures is the term given to Board members and senior managers sold shares at a price of $ 0.70 per share. The stock closed at $ 0.68.
On the other hand, the main index jumped to the Egyptian stock exchange 1.4 percent yesterday to its highest level since January 2011 after political protests in the capital. Ashraf said the customer to Enoch international commercial brokerage company in Cairo, ' people were expecting some violence today, when nothing happen investors started buying again. And take Egyptian market upward trend as strong as investors hoped that the army-backed Government will succeed in managing the difficult transition until elections next year and that the additional aid flows by billions of dollars of Gulf countries in the coming months.
