16/06/2014
"Dubai" at the beginning to a loss by 4.71%
Mass drop in the golf market and the eyes towards Iraq confrontations
Developments in Iraq have overshadowed the Gulf markets with continued fears of investors in the region, the impact of escalating unrest that spread North and West of Iraq, lead retract all markets ' DFM ' 4.71 per cent and Abu Dhabi Doha 2.03 percent and 1.58 percent, and Kuwait and Bahrain 1.4 percent 0.18 percent and 0.16 percent. In UAE, UAE stock returned to the decline today is not only influenced by the situation in Iraq but with renewed fears of a property bubble in the Dubai market and led to the sale of real estate, in the Dubai market index closed down 4.71 percent at 4609.28 points, the biggest percentage drop for the index since May 19, ' arabtec ' stocks 10 percent and Emaar 5.08 percent and ' real ' Union 5.02 percent for the real estate sector index retreated at the end of today's session up 5.83, to play larger role in falling market index. Simon Williams said Chief Economist in HSBC Bank sector index up 4.23 percent, with Dubai Islamic Bank shares fell 4.93 percent and Dubai NBD 6.67 percent. In Abu Dhabi, the cursor with a sharp fall of shares in the real estate sector, where the index closed lower by 2.03 percent to close at 4831.57 points. Real estate sector index closed down by 6.07 percent with shares of Aldar drop by 6.08 percent, eshraq up 6.08 percent. The banking sector index up 1.82 percent as bank shares fell 1.2 per cent and Abu Dhabi Commercial Bank by 5.26 percent, National Bank of Abu Dhabi 3.93 percent. In the Doha market index dropped 1.58 percent to close at 12773.2 points, its lowest level since May 22. The banking sector index slipped 1.77 per cent, with Qatar National Bank shares fell by 1.59 percent and Qatar Islamic Bank rose 2.54 percent.
In Kuwait index decreased price 1.4 percent to close at 7142.42 points with a collective of leading shares drop amid speculation operations and Gulf Finance House stocks fell 3.95 percent, and the National Bank of Kuwait 1% wagilti 3.49 per cent. In Manama, which was the least affected among the GCC markets, with its slightly 0.18 percent after shares of commercial banks and services sales limited pressure to turn a profit closing at 1457.33 points.
