20/03/2014
"Arabtec" doubled profits ascend to "Dubai"
Kuwaiti market rises 1.1% supported by expectations of improved classification
Kuwait shares on the stock exchange stepped into on Wednesday, supported by expectations that have a greater weight on the index soon MS CIA for emerging markets. Dubai financial market rose after shares of arabtec holding jumped 5.1 percent after the company's earnings to rise threefold in the last quarter to exceed expectations and saw the rest of the GCC markets. In Kuwait, with the National Bank of Kuwait rose and Zain Mobile 3.2 per cent and 1.5 per cent respectively to prevail on local trading in the Kuwait market increased its index 1.1 percent. Analysts believe that the Kuwaiti leadership shares will have greater weight in the index of MS CIA start-up markets, so will attract more foreign investors, while upgraded U.A.E. and Qatar to the emerging market in May 2014. The trading volume data larger than normal.
Fuad Darwish, head of brokerage services to the global investment house (Global) said ' this flow of trading institutions. Darwish said that idea from the National Bank of Kuwait that pay generous cash dividends to shareholders, adding that the Bank also benefit from expectations of improved quality of its assets. Dubai financial market closed up 0.5 percent gains since the beginning of the year to 26.3 per cent. Emaar shares slipped 0.5 percent after three-day rise, while shares of arabtec holding jumped 5.1 percent after the company's earnings to rise threefold in the last quarter to beyond expectation. In Abu Dhabi, the General index fell 0.2 percent, while the Finance House shares climbed 14 percent amid trading volumes than usual after announcing plans to buy back up to 10 percent of its shares. In Qatar which is still influenced by the market retreats, the CLI fell 0.3 percent and Bahrain index slipped 0.2 per cent and 0.3 per cent.
