23/02/2015
Weak trading in "Dubai" and «Abu Dhabi»
Gulf markets vary with the control of caution for investors
Performance of the GCC stock markets varied somewhat yesterday after the stability of oil prices, while low trading volumes indicates continued caution on the part of investors.
Fell markets in Dubai and Abu Dhabi 0.5 per cent with most of the stock decline in thin trading.
Qatar's index rose 0.2 per cent, led by shares of real estate companies such as Barwa Real Estate, which rose 2.5 per cent and Ezdan Holding, which rose 0.7 per cent.Qatari newspaper "The Peninsula" and yesterday for Sheikh Ahmed bin Jassim Al Thani, Minister of Economy and Trade as saying that Doha will spend $ 12.5 billion on housing and infrastructure up to the World Cup 2022. The two companies did not announce distributions in 2014 so far.Brent settled above $ 60 a barrel last Friday, where overwhelmed by the expectations of decline in the number of US rigs working on the concerns of oversupply.In Kuwait, the index fell 0.6 percent to 6602 points, while the Bahraini market index rose 0.1 per cent to 1461 points.The MSM index fell 0.1 percent to 6634 points.Egyptian Stock Exchange rose 0.1 per cent.Shares of EFG-Hermes investment bank raised 1 per cent after the castle was appointed to advice on a possible sale deal.
