09/03/2015
"Egyptian" step up purchases backed by individual investors
Gulf bourses performance variation in the first trading week
Gulf bourses performance variation in the first trading days of the week.
In the UAE, Abu Dhabi index rose by 0.14 per cent to 4593.71 points, driven by the rise of energy and banking shares.And also "Etisalat" share stepped up leader by 0.41 per cent, its highest level since listing, to continue the positive performance since the announcement of strong earnings in 2014, near the end of last month.
While Borse Dubai and neighboring index closed slightly dropped by 0.19 percent, erasing much of the morning losses to close at 3740.50 points.
Qatar's stock market settled little changed as investors continued to sell stocks that began trading without dividends.Qatar Navigation and increased share of 1.8 per cent, the company pays a dividend to its shareholders later this month.
The Kuwait Stock Exchange closed marginally lower yesterday on three indicators by 25.39 points to a price to reach the level of 6513.9 points and 5.53 points to 19.31 points and the weighted index for (Kuwait 15).The value of shares traded at closing approximately 14.5 million dinars, while the volume of shares traded amounted to about 82.3 million shares, through the 3074 deal.
Qatar Exchange index rose 4.59 worth of points or 0.04 percent, to up to 12 alpha 144.01 points.During yesterday's meeting, where it was five million and 337 thousand and 151 shares traded value of 251.10 million riyals as a result of the implementation of the 3887 deal in all sectors.
In Egypt, the main index rose 0.7 per cent amid widespread gains after the government said yesterday: The economy grew 4.3 percent in the quarter ended 31 (December) 2014.
And the Egyptian stock indexes recorded collective heights at close of trading yesterday backed purchases by the Egyptians retail investors amid optimism prevailed among investors with a near decade Economic Summit and clearer vision on projects that will be put in it and expectations successfully government to sign contracts for huge investments, representingrebound fact of the Egyptian economy.Profit and market capitalization of shares of companies listed on the Egyptian stock exchange about 1.7 billion pounds to end trading yesterday at 516.5 billion pounds, the center of trading amounted to 539.1 million pounds.
Sodic's climbed third-largest listed real estate company in Egypt 2.9 percent after increasing 0.7 per cent on Thursday after announcing a net profit of 154.3 million Egyptian pounds ($ 20.2 million) in 2014 after a 477.1 million loss in the previous year.
