11/03/2015
"Egyptian" settle down in anticipation of the results of the Sharm el-Sheikh conference
Shaky Performance in Gulf exchanges, put pressure on «Oman» banks
Most Gulf stock markets is mixed yesterday, in light of weak data, fell Omani bourse under banks pressure, having advised the Central Bank of Oman several banks to cut dividends, as the rise of Egypt Stock Exchange stopped in anticipation of the results of Egypt's economic conference, to be held on 13 and 15 (March) this month.
And Dubai's index settled with the rise of most stock list, but shares Dubai Islamic Bank with market heavyweight Hue 5.9 per cent, with trading without the right to dividend for 2014.
And Union Properties shares rose 5.9 per cent, after the company proposed a dividend of 3 per cent or 0.03 dirhams per share, and 5 per cent bonus shares for 2014.
Jumped Emirates Takaful Islamic Insurance 14.2 percent, its highest trading his size, with more than a year after the company said yesterday: The Board of Directors has decided to discuss the decision on the dividend at the annual general assembly, which will be called to it soon, though he did not submit a proposalactual distributions.
Takaful Emarat has not paid a dividend since listing in 2008, where it achieved its first profit in 2014.
Fell Market General Index of Abu Dhabi 1.4 per cent, with the decline sagittal Abu Dhabi Commercial Bank and First Gulf Bank 4 per cent and 3.8 per cent respectively.
And declining share of Abu Dhabi National Energy Company (TAQA) 2.7 per cent.The company is expected to announce its results for the fourth quarter of last year, this month, is expected to hurt profits as a result of falling oil prices late last year.
The Qatar Exchange index rose 0.2 per cent, and the shareholding lit supporter of President index.The company said yesterday: The shareholders approved the decision to treat investors from the Gulf Cooperation Council (GCC) such as local investors, which means that the maximum foreign ownership at 49 per cent of the shares will not be applied to them.
In Oman, Muscat Stock Exchange index fell 0.9 per cent, with most of the decline in bank stocks, fell NBO share of 3.4 percent and Bank Muscat 2 per cent, and Bank Sohar 2.4 per cent.The Kuwait Stock Exchange Index closed higher by 19.5 points to 6529 points level while the weighted indexes fell and (Kuwait 15) by 1.96 and 3.35 points respectively.Egyptian Stock Exchange President Index closed almost flat after rising 2.7 percent in the previous three sessions.Most stocks fell and fell ETEL 4.4 percent, after the company recorded a decrease of 31.4 per cent in 2014 profits.
But Sixth of October Development and Investment Corp (Sodic) rose 0.1 per cent, after the company announced that it had acquired a land area of 100 acres on the north coast of the construction of the first coastal her project.
The increased share of Saudi Cement 0.8 per cent, after the company announced yesterday for an increase of 58 per cent in the last quarter of last year's profits.
