29/08/2014
Dubai's index fell 1.2%
Sales of foreign pressure Qatar and the UAE bourses
Qatar Bourse fell sharply yesterday, as overwhelmed sales effect individual investors and mutual funds markets starting to flows associated with increased weight country index MS CIA for emerging markets. According to Reuters ' Qatar index has declined 3.1 percent registering the biggest daily since February 2011. Incurred by the companies operating mobile phone service largest losses, where vodaphone Qatar registered decline as will , the daily maximum 10 percent each. Islamic banks share Masraf Al Rayan, Qatar Islamic Bank fell by 7.8 and 4.4 per cent respectively. The shares of the National Bank of Qatar and Qatar are the only winners in the insurance market with their rise 1.8 and 2 per cent respectively. The Qatar Stock Exchange rose by 3.4 percent, the highest ever registered since the MS CIA market on 17 August that will increase the weights contributed to the country's emerging market index at the end of August.
Sebastian Hanin head of asset management at the national in Abu Dhabi investor said: ' the fact that many dealers in the market in anticipation of closing strong because amendments MS CIA '. And they were expecting a jump similar to those that occurred at the end of May, when Qatar was included on the MS CIA, the stock rose 2 percent with inert, many investment funds on the same day. But the reluctance of speculative buying apparently exceeded the actual demand of inactive which EFG-Hermes 100 million dollars only. At the same time, the funds that trace indicator MS CIA for start-ups-that Qatar and the UAE belong to already-planned to sell part of its investment in the shares of the two countries.
Yesterday trading in the stock values of Qatar Rose to 1.68 billion rials (461 million dollars) and the foreign buyer the President. Foreign holdings rose in National Bank of Qatar and Qatar industries, which increased the weight indicator MS CIA for emerging markets by 0.05 and 0.08 percent respectively, contributed to flows of $ 19 million and $ 25 million. At the same time, foreign investors sold more than they bought the shares of Vodafone Qatar as data exchange. Impacted sales of money market funds start-ups also appeared in the two Emirates. Dubai's index retreated 1.2 percent, with most of the stocks on his list. Arabtec holding shares fell to construction which has dominated trading 1.7 per cent to 4.71 DHS even with the largest shareholder in the company and its Chief Executive Hassan your names first: the value of the share exceeds five dirhams. Investors may be disappointed because your names who made his comments after the jump arrow arabtec 13 per cent to 4.79 dirhams over the previous four trading sessions, has not confirmed the rumors of an impending deal to sell part of its stake to Wells ' investment arm of the Abu Dhabi Government investment.
And DP World shares dropped one of the biggest companies in port management in the world of 3.5 per cent, although it announced an increase of 26 percent in net profit for the first half of the year to $ 332 million, surpassing analysts ' forecasts which ranged between 290 and 300 million dollars. The General index fell to Abu Dhabi 1.1 percent under the pressure of the big three banks shares were listed on the index of m.s. CIA. And Abu Dhabi Commercial Bank shares fell 5.8 percent, and shares of National Bank of Abu Dhabi 2.1 per cent, and first Gulf Bank shares 1.4 percent.
