06/03/2014
On the conditions of the withdrawal of Saudi Arabia, UAE, Bahrain ambassadors yesterday
Confusion in Qatar Exchange .. Doha ignored Unified «cooperation» policies
The decision to withdraw the ambassadors of Saudi Arabia and the United Arab Emirates and Bahrain from Doha Qatar confused the stock exchange trading today, with the stock market's reaction to the decision by the General index tumbled 2.1 percent amid investors ' panic of country institutions and individuals. This at a time when market indicators were mixed, markets are Saudi Arabia, Abu Dhabi and Muscat ignored political developments was not affected but their indicators, while rose appeared in the markets of Dubai and Kuwait, Bahrain and the slight retreats in those markets compared to the Qatari market recorded the largest daily loss in more than six months. He said for the ' economic ' Al Tawar, Vice President of the National Chamber of Commerce, the sharp decline in the country's stock market reacted directly with any crisis, reaction to the news, the market downward, in the case of capital markets in the world that are affected by any political or economic news.
He noted that Gulf businessmen and country trying to absorb it so is not affected by trade and investment relations, noting that Gulf businessmen are treated with the same deal with citizens and have the same privileges, and the repercussions of the political crisis will not affect the investors, especially as Qatar holds the GCC Presidency session of Chambers, and companies and common interests and a large burden on Qatar to preserve admits economic situation, adding that so far no reaction from traders.
Ibn Al-Towar said that the meetings between investors and representatives of the private sector in the Gulf will continue on the same dates, and any other meetings would be under the umbrella of the Federation of Chambers, noting that Qatar Chamber of Commerce may, in coordination with the Federation of Gulf Chambers to invite the two sides to hold an emergency meeting to reassure economic and investment relations after assessing the situation. The market has achieved the a series of highs since the beginning of this year exceeded 11.6 per cent yesterday I put it in third place behind both Dubai and Abu Dhabi, with the decline on the market this year gains dropped to 9.32 percent amid expectations the market decline on the back of panic the investors and their repercussions on the national economy complex with the economies of the region.
And IFO on Tuesday investors non-Qataris to sale as well as Qatari investors trading individuals, differing views of officials and financial analysts and economists on the Gulf markets affected by the recent decision of country, specifically among financial analysts that the country's financial market investors perceive the importance to Saudi Arabia, the United Arab Emirates being the largest Gulf markets pumped liquidity into the country market, two references to the psychological factor for investors who are waiting for the market in the coming days, noting that other investments going normally so far. He said the enemy in the National Investor Portfolio Manager 'these selling panic-driven retail investors. It is too early to say whether this would affect the allocation of institutional investors because we don't know how the situation will evolve ' but Abdullah Allawi, Assistant General Manager and head of research at capital ' that a diplomatic agreement at this stage to show the displeasure of some policies. I don't see any threat to commercial or economic relations between the GCC States at present.
By most financial analysts kept on commenting on landing in the country's stock market, said for the ' economic ' Basheer utazi analyst and expert in the country market for stocks said that what happened to the stock market yesterday, political causes, and it is difficult to comment on market activity associated with political causes. Meanwhile, the stock market analyst Turkey Fadaq said, the change began in the GCC financial markets yesterday with the announcement of the withdrawal of ambassadors, which was preceded by a lengthy meeting between the GCC but there was no immediate reaction in the meeting not end with a press conference, while reaction yesterday after the official announcement to withdraw their ambassadors from three Gulf States of Qatar.
He also said that if increased divergence of views is different between the Qatari and Gulf people think this country would in the stock market is the largest of the Gulf investments in the country market in indirect ways, adding ' it may not be in the interest of the country at market and long-term for the major part of the funds invested in Qatar is a Saudi and Gulf money, on balance reflected on the economic cooperation, it is important to distinguish between views and not on Other issues addressed within and not later than the economic issues will be in the interest of the Gulf economy as a whole. While the other investments are influenced depends on political decisions if a new event, but there is no movement or a formal decision, and that the work of these other investments are unaffected, and that there is an attempt to separate the political and economic matters, this is required for the benefit of the economies of the Gulf country.
While economic analyst Anas Marhoumy, the markets usually are affected psychologically, but actually don't see anything long term, adding that the withdrawal of ambassadors, political reaction to the position taken by the three countries to express a political opinion against Qatar, but it does not mean that trade relations and pump money and investors will stop. The reaction in the market may not continue much of the Saudi and GCC investor so far can be active trade and investment, the country's market drop was the impact itself, pointing out that previous problems such as the problem of Russia and Ukraine and world markets are all reflected in the GCC markets, there are signs the market correction between 10 to 20 percent, which is normal for markets in uneven including Saudi, And the political decision of the three psychological Gulf States was the first country affected by the market and its continuation depends on the psychic traders.
