Ukrainian crisis has cast a shadow on the markets last week
Kuwaiti stocks most affected by political events .. and Qatar retreat 1.4%
The global and regional political events overshadowed the Gulf markets, especially the Ukrainian crisis and the subsequent decline of world markets, leading to declining indicators of the region's markets over the past week, the Kuwaiti market most affected by those events to a loss of 2.4 percent. In Dubai, the General index fell during the past week about 1.58 percent at 4153.64 points, with the market more vulnerable to declines in global markets against the backdrop of the crisis in Ukraine, where he led the real estate market downturn by 1.75 per cent with low stock ' arabtec ' 2.05 percent and shares of Emaar Properties rose 0.54 percent, while the banks index was down 0.44 percent. Analysts suggest the return of the market to rise this week with the return of relative calm on the regional and global level that the market still maintained upside.
And Abu Dhabi about 1.25 percent at 4896.87 points, led by real estate shares, which dropped its 4.2 percent with lower shares of Aldar up 4.21 percent to play a larger role in the falling market index last week, the banking sector index closed down 1.13 percent, with a sharp fall of first Gulf Bank contributed the greatest relative weight in the index market, analysts expect the market to return this week with season cash dividends. In Kuwait last week, the price index decreased by 2.41 percent at 7507.43 points, after declining most market sectors, led by the consumer services sector dropped 4.2 percent, followed by banking sector 3.2 per cent, and the third estate, down 3 per cent, experienced a significant decline in market liquidity with operations for a profit.
In Bahrain last week, the market ended slightly higher up 0.04 percent at 1373.27 points, the market this week targeting the level of 1,400 points after being able to absorb profit-taking, following declines in global markets on the back of the Ukrainian crisis. In Doha, Qatar last week stocks fell 1.4 percent to close at 11607.03 points, the index was strongly affected by the market decline in world markets against the backdrop of the crisis in Ukraine and then shock the market panic and confusion after the withdrawal of both Saudi Arabia and the United Arab Emirates and Bahrain have their ambassadors, but the managed with weekend reduced its losses.
Analysts expect to see a positive activity in market trading this week with significant improvement in liquidity, especially in the case of the General index exceeded the level of resistance, which may point 11,650 pushes him to complete his journey toward 12000 points barrier. In Muscat last week, the market ended higher amid declining liquidity. And the General gain 0.46 percent at 2188.2 points, amid expectations that the index would continue its ascent this week.