"Banks" supports DSM and presses the "Manama"
The real estate sector boosts gains UAE stocks
The performance of the GCC markets last week contrast, the UAE has a market of Dubai and Abu Dhabi to surpass profit and return to positive news on supported firms real estate sector, with banks pressured on the market, which had the most losses among the GCC markets last week, with the failed merger deal in the sector. Bahrain market was, on the contrary, where takeover news supported the local Turkish banks market gains. The Kuwaiti market has maintained a casual performance with a tendency to rise. Real estate shares led the market's rise last week to close the market index up 1.79 percent, after the index hit the real estate sector increased by 3.57 percent, led by shares of Arabtec's ' rising 5.89 percent, Emaar shares rose 1.44 percent, amid expectations that the market will continue to rise, despite the expectation of limited operations to turn a profit.
' shuaa capital ' shares lead the market rises by 30 per cent, with growing hopes on initial release new managed by investment bank in the local markets in the period ahead. In Abu Dhabi the market index gained 1.47 percent gain last week to close at 4855.1 points, near its highest level in nearly six years, was the real estate sector is the biggest booster of the market index, like Dubai, where high sector index closed up 6.13 percent with shares ' Aldar ' 6.8 percent over the trading week to play a larger role in supporting the market index. In Bahrain last week, market saw a series of retreats by the operations for a profit, you lose the market throughout the week 3.26 percent, closed at 1341.01 points, amid expectations that the market's rise this week targeted 1,400 point, recorded a remarkable decrease liquidity, as trading volume on the stock 32.9 million shares with a total value of 4.6 million.
In Kuwait index rose throughout the week by 0.36 percent to close at 7584.76 points, amid expectations that the market is controlled by-performance this week may turn upward if successful in breaking the level of 7,600 points. Week seven indicators rose out of the 14 sectors listed on the stock exchange, the ' banks ' sector lead the others with growth of 3.6 per cent, the regressions throughout the week were receding five top sectors ' insurance ' which fell by 1.4 percent. In Qatar Doha Stock Exchange rose during the past week by 1 percent of the market index closed at 11482.34 points, with shares offset the country much of last week's losses, with the emergence of positive incentives that supported, notably increased liquidity with positive news on the acquisition of a local bank, Turkish banks, which contributed to the type of activity the majority of the stock, especially banks.
Qatar Islamic Bank announced its entry into the exclusive non-binding talks with Bank of Asia, the largest Islamic Bank in Turkey, to acquire strategic stake in the next few months. Bank shares closed up 2.19 percent at 74.5 Srl, the banks index climbed 2.2 percent, with the rise of majority shares his top stock «commercial» and Doha Bank. The capital market profit nearly nine billion riyals, with the emergence of new stimuli have contributed to the improvement of investor sentiment. In Muscat market index during the past week by 0.15 percent to close at 6921.78 points as trading was limited to four sittings due to technical failure, amid expectations the market has recovered this week and try to keep going up. Lost market value of MSM during trading last week, nearly 49 million recorded 14.27 million versus 14.32 million by the end of trading the previous week.