26/12/2013
Cohesion in Kuwait .. and decline in Doha and Muscat
«Banks» and «Energy» leading UAE stocks to rise
Contrast of performance control Gulf bourses today, with shares in Dubai and Abu Dhabi markets supported by banks and high shares of Dana gas as a result of the payment of the Egyptian Government part of the company's receivables within the $ 1 billion paid by the Egyptian Government indebtedness to foreign oil companies operating in Egypt, while the Kuwait market continued its coherence with profit-taking led to a market decline of Doha and Muscat.
Banking sector
Dubai shares continue to rise to climb on DME 0.81 percent, closing at 3307.09 points, the index supported by rising shares of the banking sector to exceed the current level of public market gains 103 per cent, as investors expected annual cash distributions of shares of the banking sector which are usually high, compared to other sectors. The trading value stood at the end of the hearing today 1.6 billion through volumes of about 1.65 billion shares. Gulf navigation arrow heights by 9.76 percent at 0.45, as issued shares of national industries regressions by 9.92 percent at 6.90.
Gulf Finance House was the top active stocks, both in terms of volume and value the price closed 0.66 percent higher, and 8.73 percent, and volume 374.5 million, where they received the support of the ads arrow that profit expectations for the property acquired in London nearly 35 percent, the company said that the estimated value of the property up to $ 25 million, spread over an area of 9373 and the company to a real estate investment up to 36 Months, and there is a plan to renovate the building.
Dana gas leads to rise in Abu Dhabi market General Index closed up 0.6 percent at 4185.7 points in large trades amounted to 1.2 billion dirhams. The index drew support from banking, real estate and energy to continue his trip for the second straight session, supported by rising shares of Dana gas with continued profit-taking on some small stock market. Issued of Dana gas shares rises the market up 14.67 percent in heavy trading of about 253.29 million to contribute to high energy sector by 6.5 per cent, and Dana gas shares touched its highest level in almost three years on Friday after the company said it had received $ 53 million of receivables to Egypt, where he was the Governor of the Central Bank of Egypt said two days ago that the Bank about $ 1 billion to the Ministry of petroleum as part of foreign partners which The Ministry will pay for part payment of the arrears of foreign oil companies operating in the country.
Bahrain market ascended the general index today rose 0.84 percent, or from 10.15 points to 1216.99 points, while the index import by 0.76 percent, supported by a strong rise of Gulf Finance House to disclose the value of a property in London, which won the right to exploit it. Also supporting the market performance on the rise of commercial banking and investment sectors by 1.32 percent and 0.75 percent, the services sector ' by 0.35 per cent, kept the rest of the sectors at previous levels. Stocks issued shares ' GFH ', up 6.25 percent to $ 0.170.
Kuwait market ended trading yesterday on variation, where price index closed Tuesday up 0.07 percent to close at 7644.12 points, with gains amounted to 5.70 points, on the other hand, the index ended the session down yesterday on the weighted by 0.41 percent to close at 453.34 points, loses its 1.85 points, analysts believe the market still maintains the cohesion amid optimism after a National Assembly resolution, pending the Government's resignation And the formation of a new Government, but that the levels of liquidity in the market is still lacking.
