24/09/2014
The performance of the region's markets Contrast after news of participating in attacks against ISIS
Worries about pulling the organization of the World Cup pressure on Qatari stocks
Varied stock markets in the Middle East yesterday, was not affected by the news, which stated that the United States and Gulf countries participated in the first joint attacks on sites fundamentalist Islamic state in Syria.
In Doha, dominated by a state of fluctuation and decline on the market yesterday, for the third consecutive session influenced by what has been trading yesterday, the news of the failure to regulate Qatar for the 2022 World Cup and, despite denials that the news today regarded as merely personal opinions of the fall market index during the three sessions of about 1 per cent mostly 0.8 per cent yesterday with the news of the postponement of the accession Rayan Bank plans acquisition of Bank of Libby.
Market ended trading yesterday at 14006.46 points, losing about 111 points, but the success of the market to stay above the level of 14 thousand points, which is the point of her strong support for the market is coherent, and if broken down will see the market sell-off.
Despite the fall in the market yesterday rose lit Holding, which is not part of the index of 1.7 per cent. The stock will be included in the index - which includes 20 stocks - from the first of October (October) next. The Rayan Bank shares fell 0.7 per cent after the bank said a specialist in Islamic transactions he froze agreed to be on a stake in a commercial bank in Libya even improve the political situation there, to re-examine this matter in the event of the emergence of positive signs are encouraging for investment in Libya. "
The General Assembly of Al Rayan Bank had agreed in February of last year to acquire a share of the Commercial Bank of Libya by increasing the bank's capital of Libya and stipulated that "the emergence of positive indicators for the investment as a result of the feasibility study and the legal pipeline, and subject to the approvals of the official bodies in both Qatar and Libya. "Has highlighted the financial results of the Rayyan Bank published on 30 June last for a net profit of 904 million Qatari riyals (248 million dollars).
In Dubai, "Emaar" paid the largest real estate development company listed on the market index to rise yesterday, in light of expectations that it will go shares and severity of the shopping centers at the upper limit of the price range advertised due to strong demand. The Dubai Financial Market Index rose 0.7 per cent with the rise of Emaar Properties 1.3 per cent, which was the most heavily traded in the market.
And sells the "reconstruction" of 15 per cent of the shares and severity of Emaar Malls in an initial public offering launched this month. The IPO will close the door in the minus 24 in September (September) in front of individual investors and two days later in front of the institutions and will begin trading shares "Emaar Malls" on the second of October (October).
The IPO will be one of the largest deals the sale of shares in the Gulf region since 2008 and may reach the value of shares sold to $ 1.58 billion at the upper limit of the range of pricing set by the company between 2.50 and 2.90 dirhams per share. The company said the chip shares allocated to institutions sold during the opening day of the IPO.
She said, "reconstruction" that it will use the proceeds of the sale of shares in payment of a special dividend of about nine billion dirhams (2.45 billion dollars), and it seems that some investors are betting on the possibility that the company pays dividends more generous.
The index rose Emirates Integrated Telecommunications Company (du) 1.1 per cent to 5.64 dirhams rose after Naeem Brokerage target price for the company's shares to 5.67 dirhams from 4.10 dirhams and raised its assessment of the shares to the recommendation "to keep the stock" of the recommendation "sell" based on the strong results achieved by the "de "In the past few quarters.
The Abu Dhabi's 0.6 index fell per cent. The shares fell NBAD and FGB 1.7 and 1.1 per cent respectively.
The index of the Stock Exchange Egyptian President 0.3 per cent, to 9760 points, its highest level in six years, largely supported by the rise of TMGH Real Estate Development 2.3 per cent.
In Bahrain, the index ended the year down market trading yesterday after two sessions of a slight rise, and came under pressure from declines the index declines by banks. The index fell 0.19 percent, losing 2.85 points to close at 1467.89 points.
In Kuwait, the market index yesterday settled slightly higher 0.02 per cent, at 7630.42 points, so to achieve a height of 11 and 14 respectively in a month, out of 17 meetings. In Muscat, the index fell 0.2 per cent to 7474 points.
