31/01/2014
Investors focused on internal factors
the recovery of the global market supports higher «Gulf index»
Most Gulf markets recovered today, supported by the recovery of the global market with investor focus back to domestic fundamentals of fiscal surpluses to force the balance of current transactions, Abu Dhabi rising market, Manama and Kuwait Doha, in violation of Dubai and Muscat, the general trend dropped due to continued profit-taking after strong gains for both series since the beginning of the year. In the UAE rose ADX general index 1.6 percent recorded the highest at 65 months in support of first Gulf Bank shares, which rose 3.5 percent, and the engine was President of the market. Marwan shurrab vision investment services Fund Manager said ' decisive factor due to the morale in world markets-but Q4 and distributions have a supporting role. He added ' until the announcement of the results of the corporate market will attract investors wishing to use Undo to form the Centers '.
The Dubai index fell 0.3 percent after a volatile trading session; the index touched briefly the highest in five years. In the Kuwait general index ended trading yesterday on rising 0.24 percent, to close at 7767.83 points, rising stock exchange Manama for the second straight session, with the support of banks and services sector rise, Leader ascended by index 0.95 per cent to a level of 1289.87 points and had improved liquidity levels, reaching 20 million shares, worth 5.5 million dinars compared with 94.48 thousand dinars by the end of trading yesterday. In Doha, the General index rose 0.7 percent to 11243 points to continue strong earnings and market in Muscat index slipped 0.4 percent to 7,053 points.
