13/04/2014
UAE stocks continue to rise within anticipation for a new law for companies
Decline in global markets has cast a shadow on the «Gulf» This Week
GCC markets last week was able to gain, in the UAE led the real estate market in Abu Dhabi and Dubai to large gains exceeded the 5 percent in Abu Dhabi, Bahrain and Qatar shares continued their gains, with only occasional action by the Kuwaiti stock amid expectations that falling global equities last week overshadowed by limiting the rise of Gulf markets this week. In the UAE real estate sector stocks led rising shares led by Emaar, arabtec, arrows in the Dubai market index closed last week at a height of 4.79 per cent at 4839.39 points for the market issued by the Arabic markets during the current year in terms of earnings.
The Abu Dhabi market index raised to its highest in eight years, up 5 percent over the past week at 5171.9 points, a level not seen since January with the index 2006. Amid expectations that both markets continue to rise this week, with the support of the integration of markets, the news near the near the corporate law and regarded by analysts to support the market. Real estate is the engine to raise Dubai market throughout the trading week and particularly contributed to arabtec and reconstruct respectively, as bank shares also supported the market rises by the good performance of Emirates NBD Bank. The Dubai index close property sector up by 6.62 percent, with higher shares in arabtec by 13.82 percent, Emaar by 3.96 per cent. The banks index raised 4.28 percent with Emirates NBD's shares up 11 percent, and Dubai Islamic Bank 2.2 per cent.
In Abu Dhabi real estate index closed up amounted 16.83 per cent with a higher share of the House leadership by 16.14 percent. The banks index rose as much as 5.25 per cent with bank stocks rise by 7.27 percent. In the Kuwait market over the past week moved accidentally, which did not exceed their gains this week, 0.02 per cent, to close at 7573.84 points amid limited operations and speculation on the stock market, with new stories waiting to break new resistance points.
In the Bahrain market has managed to climb the weekly and check about 1 percent higher over the past week amid expectations that tangential movement market after successive rises in the recent period, while profit-taking continued to overshadow the market, shone last week. In the Doha market continued its rise for the fourth consecutive week near the highest level in its history with the start of the marathon listed companies in announcing results of the first quarter of this year, as well as the optimism of investors with economic conditions in the country. The General index climbed 3.45 percent to close at 12397.2 points with support from leading shares; the market is expected to continue to rise as economic stimulus.
