• Emaar Dubai jumps ahead of IPO Most markets climb

    01/09/2014





     
    Egypt bourse jump up by 0.1% supported by the Commercial International Bank
    Emaar Dubai jumps ahead of IPO Most markets climb




     


    Arabic Emirates and Qatar stock markets rebounded today while Emaar Properties ' shares jumped after the police said they will start initial public offering for its shopping centers next month. The two stock markets declined in the previous meeting with the funds or index sequence. As well asMSCE market starting to liquidate holdings of stock and country. Any classification of UAE and Qatar from beginner to emerging in May has arranged for the beginner market funds to divest from two shares through a series of monthly sales was one last weekend. Qatar Stock Exchange rose 1.1 percent after having fallen 3.1 percent Thursday supported by equity factors pressure head at the previous meeting.
    Masraf Al Rayan shares jumped 6.4 per cent , and by mobile communications 7.2 per cent. Meanwhile slipped three that attracted foreign buyers last Thursday because of a planned increase of weights or index. As well as MCSI Any emerging markets at the end of August-National Bank of Qatar and Qatar industries Qatar Islamic Bank-by 4.2 per cent and 1.9 per cent and 2.4 per cent respectively.
    Abu Dhabi Stock Exchange rose 0.2 per cent, supported by its highest weight or index. As well as National Bank of Abu Dhabi rose 0.7 per cent and Gulf Bank 1.1 percent. The Dubai index jumped 2.7 percent and closed above 5,000 points for the first time since early June thanks to higher ages real estate Company listed in the Emirate which was jumped 8.8 percent to 11.15 AED registered its highest close since March 2008. The company said yesterday that it will launch its initial public offering of its shopping centers next month in the largest shares in the Emirate in recent years. A speaker told the Reuters ' reconstruction ' plans to sell at least 15 per cent of retail and shopping centers in DFM, listing shares in October. Were said earlier this year that it would sell up to 25 percent of the unit was likely to collect eight to nine billion dirhams (2.18-2.45 billion dollars) and will use the proceeds to pay a special dividend to shareholders.

    Egypt Stock Exchange rose 0.1 percent thanks to the commercial international bank shares rose 0.6 percent, and shares of pioneers holding, which increased 2.8 percent. Kuwait market closed for stock trades today at a height in three indicators by 26.6 points to the price index to reach 7430 points, 1.06 points in the weighted index and (Kuwait 15) by 3.13 points. Value traded stock at close to 25.1 million Kuwaiti dinars while the volume of shares traded about 277.2 million shares registered through 5986 deal. The MSM index closed (30) today at 6367.16 points by 6.01 points, 0.08 percent compared with the last trading session. Trading amounted to 6.67 million yesterday, up 13.74 percent over the last trading session which amounted to 5.86 million. The report by the Muscat Securities market that the market value increased by 0.06 percent on the last trading day amounted to approximately 15.41 billion Omani Rial.

© All Rights Reserved for Asharqia Chamber