07/10/2013
Kuwait tops the index Winning
Gulf index were mixed ahead of the announcement of the results
Contrast in the performance of Gulf markets yesterday with investors cautious ahead of the results of the third quarter of the year and Adha holidays that may coincide with the important developments in US Government funding crisis and the debt ceiling. Kuwait index rises, led by 0.4 percent to close at 7655 points, followed by Abu Dhabi's index climbed by 0.3 percent to terminate his dealings at 3868 points, then the MSM index higher by 0.01 percent to close at 6,659 points, finally came as Bahrain index less the by rising amounted to 0.01 percent, ending trading at 1,194 points. On the other hand the Dubai index fell 0.3 percent to close at 8367 points, as the index fell to about 0.3 percent to 9,404 points.
Gulf markets are closed all or part of next week's holiday. And in Dubai, the main index down 0.3 percent to 2,815 points. The plans announced by the Government on Saturday to promote the Islamic finance industry mixed impact on the sector. Dubai said it would focus on developing Islamic reinsurers, according to Reuters. And Dubai Islamic Bank gained 0.8 percent, and Dubai Islamic insurance and reinsurance ' 1 per cent. But the shares ' takaful House ' fell 1.2 per cent and the ' takaful ' 2.8 percent. Shares jumped ' GFH ' after the company announced the resignation of Chairman Esam Janahi and Ahmed Al-Mutawa as his successor. And shares of listed companies in Bahrain 7.7 percent and shares in Kuwait 6.5 per cent and 10.6 per cent in Dubai.
In Kuwait succeeded shares ' Safwan in the list above the heights yesterday in the Kuwaiti stock exchange growth of 9.43 per cent to close at 580 Fils-gaining 50 Fils, as issued shares ' clinic ' top list of retreats with significant reduction of 33.33 per cent off at 100 Fils loser 50 Fils. In Qatar ended arrow ' for ' session today and is high on the list of most active country-level stock exchange trading volumes, the volume of trades 696.34 thousand shares almost came through 210 deal with trading value 15.47 million, with high share by 0.36 percent. In Abu Dhabi, Sharjah issued shares ' cement ' rises of 9.2 per cent to close at 1.19 AED, while the ' fish ' on top of the stock retreating by 4.25 percent to 29.32.
