• Fluctuations in oil prices stopped the recovery of the Gulf markets


    «Dubai» plunged 3.4% after a 27% gain in three sessions
    Fluctuations in oil prices stopped the recovery of the Gulf markets


    Most Gulf bourses closed yesterday, the decline of up to stop lasted for several days, after weaker oil price volatility of individual investor sentiment.
    Dubai's index fell 3.4 percent after jumping 27 percent over the past three sessions. The focus on trading shares of real estate development companies, where homes fell 1.1 per cent of shares after a strong rise in early trade and Emaar - the largest real estate development company - 5.9 per cent.
    The real estate sector closed down 4.9 per cent issued by the loss-making sectors, with Arabtec and Emaar, which reached a loss of 5.88 per cent and 4.6 per cent respectively, as well as issued Emaar Malls, down 6.4 per cent equity losses.
    The "banks" in second place in terms of losses to close fell 3 per cent, died from Emirates NBD and Dubai Islamic, down by 4.54 per cent and 3.3 per cent each, respectively.
    The Abu Dhabi index down - which is typically less volatile than Dubai's index - 0.2 per cent.
    Qatar's index Fell 1.9 per cent, the market declines came today as a result of falling real estate sector registered a decline of 3.75 percent under pressure from the shares "ALDAR" by 4.03 per cent, in addition to declines share "real estate Sunshine" by 1.30 per cent and the Hui Muslim Holding the daily maximum of 10 per cent, and Rayan Bank shares lost 3.1 per cent. Barwa Real Estate Shares, which was the most heavily traded 2.9 per cent. The depth of the market sector investment loss by 3.13 per cent, under pressure from his share "Waha Capital" down for itself.
    Gulf bourses were associated closely with crude oil during the past few months because of concern that the pay of lower oil export revenues Gulf governments to cut spending, especially in countries that suffer public finances of relative weakness, namely, Bahrain and Oman.
    Kuwait's index rose 0.02 per cent, with the rise of share Viva Kuwait newly inserted 1.9 per cent and rising share Abyar Real Estate Development 2.9 per cent.
    Abyar construction operations in a major project in Dubai reached the final stages, and that all residential units in the project were sold.
    In Qatar, the market ended the trading yesterday on the landing operations affected by profit-taking after rally lasted for three consecutive sessions, including the profit index President over 2000 points. The general index fell 1.9 per cent equivalent to 238 points to reach the level of 12183.52 points.
    And dominated by the color red on the five sectors of the seven came in her lead banks increased by 2.4 per cent, then the real estate sector increased by 2.24 per cent, then the industry sector by 1.7 per cent.
    The Bahraini market index fell 0.3 percent to 1402 points. The MSM index rose 0.02 percent to 6221 points, and the Egyptian rose 0.1 per cent rise in the index with Global Telecom shed 4.1 per cent to 3.59 pounds.

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