05/03/2014
DSM contrary to the trend goes down
Gulf bourses recovered on renewed investor hopes for the end of the Ukraine conflict
Most Gulf bourses recovered Friday after Russian President Vladimir Putin has ordered his troops to return to their bases and said that there was no reason to use force in Crimea at present leading to growing hopes of investors reduced the conflict in Ukraine. The Dubai index fluctuations but closed up 0.4 per cent and the real estate sector index closed up 0.74 percent with higher shares of arabtec 1.02 per cent close arrow leadership, his age is greater relative weight within the market index unchanged '. The banking sector is only sagging market segments in trading yesterday, where the private sector index closed down 0.46 percent with Emirates NBD shares dip 2.16 percent in Dubai Islamic Bank shares rose 0.49 percent but it was not enough to support the market index at the close of trading yesterday.
While the General index climbed to Abu Dhabi to 1.3 per cent. Real estate sector index closed up 0.76 percent, with shares of Aldar real estate 0.96 per cent contributed to brightening 0.41 per cent and trading banks index ended up 1.78 percent, with shares of first Gulf Bank, the largest relative weight within the market index, up 2.31 percent in the National Bank of Abu Dhabi stocks fell 0.34 percent. Qatar stock index fell 0.7 percent recorded losses for the fifth straight session to its lowest levels since 16 February 2010. Masraf Al Rayan, dropped 4.2 per cent, while Hui Bank Doha 9.1 percent after overcoming back dividend accrual period. Mesaieed Shares fell petrochemical holding 10 percent and is the maximum daily move for the third straight session since its inclusion.
In the Kuwait market trading session ended Friday up 0.51 percent, as its index at 7531.78 points, with gains amounting to 38.13 points, compared with last close at 7493.65 points. In Bahrain Manama Stock Exchange rose to end the series her retreats five consecutive sessions, the market's main index rose 0.21 percent to 1,356.14 points, recorded levels of liquidity has improved markedly after a trading of 5.1 million shares with value exceeded the MTD and win market value of about 16 million market to record 4,750 billion dinars.
Bahrain stock exchange gained corporate governance award as the best company of the Kingdom of Bahrain in 2014 by World Finance magazine, which is published in London, United Kingdom in recognition of efforts in carrying out its responsibilities relating to corporate governance issued by the Ministry of trade and industry, the Central Bank of Bahrain in 2010, as well as for its efforts to encourage listed companies to apply these principles in support of transparency in the capital of the Kingdom of Bahrain. And in the General index climbed 0.01 percent to close at 7097.54 points, just shy of level at 7,100 points, was trading more than 26.1 million shares worth more than $ 8.6 million through 1686 deal. And dealers trading contributed 57 securities rose 17, with 17 others declined, while the rest of the stock is kept at the former without any change.
