• Most Gulf stock decline with continued volatility in oil prices



    "Egyptian" falling by 1.4% affected operations sale
    Most Gulf stock decline with continued volatility in oil prices


    Most Gulf stock markets fell yesterday, with continued volatility in oil prices, and the record of the Egyptian Orascom Konstrakeshon rolling on NASDAQ Dubai fall sharply with the Egyptian investors to sell the stock for hard currency.
    The decline in Qatar's index of 1.1 per cent with falling shares, "I want" Telecom 3.8 per cent after the company announced yesterday for a decline of 89 per cent in net profit for the fourth quarter of last year, which was far below expectations because of the linked exchange rates in Indonesia and rising lossescosts in its operations in Myanmar and Algeria.
    The shares Qatar Gas Transport (Nakilat) fell 5.6 per cent after the expiration of the right in the form of dividends and also a lot of pressure on the market.Shares of Qatar International Islamic Bank 0.5 per cent.
    And Dubai's index fell 1.5 per cent, with most of the decline in the stock list and the decline Market General Index of Abu Dhabi 0.3 per cent.The low trading volumes in the two bourses too much about moving average in 90 days.Kuwait Stock Exchange closed lower price index, by 9.5 points to 6520 points level, while the weighted indexes rose and (Kuwait 15) by 0.6 and 4.5 points respectively.
    The MSM index fell 0.9 per cent to continue with local banks cut their losses after three banks earlier this week its dividend on the advice of the central bank.
    The National Bank of Oman and Bank Muscat shares fell 2.9 and 2.1 per cent respectively, the largest and form pressure on the index.
    Bahrain index rose at 1.475.22 points, up 3.48 points from the previous close, was during yesterday's trading session 1.44 million shares, a total value of $ 246.5 thousand dinars.
    In Egypt, the stock market recorded declines affected by the sale of the operations of institutions and investment funds, Arab and foreign, in anticipation of the results support the Egyptian economy, which begins its activities tomorrow Conference.The index, the president of the Stock Exchange of 1.4 per cent, with most of the decline in stocks listed.And Orascom Telecom shares fell 4 per cent, the company announced yesterday, for a decline of 76.4 per cent in net profit in 2014, a day after the announcement of Egyptian Telecom also reported a drop in profits.
    Despite this increased CIB 0.7 per cent after it said that the process of Nave technical examination of the foolishness of the books of Citigroup may lead to the purchase of Citi's retail activities in Egypt.Jumped Orascom Konstrakeshon shares briefly to 110.45 pounds at the start of trading on the Egyptian Stock Exchange, but then fell to 106.35 pounds, which is less than the price of the initial public offering of 108.71 pounds level (US $ 14.25).
    Showed weaker performance of the stock on NASDAQ Dubai, where he began trading last Monday - which is denominated in dollars - and yesterday fell 7.7 percent to $ 13.02.

© All Rights Reserved for Asharqia Chamber