Analysts: assurances on national crisis revives activity markets in the Gulf

Analysts: assurances on national crisis revives activity markets in the Gulf



2017/06/13 | 08:01
(Encyclopedia of this Day News | Iraq News ) - From: Mahmoud Jamal
Direct: Analysts and experts equity markets that Gulf markets continue its performance cross-oblique rise during the session on Tuesday, especially after he told Qatar's foreign minister, saying that his country considers dialogue as a strategic choice in seeking to resolve the Gulf crisis; which caused a cut of three Gulf states its relations with dullness.

According to analysts, in separate conversations with "direct", the foreign funds continue to Altforeigt country stocks; thus pushing the Doha bourse fell to 8% since the crisis erupted last Monday to now.

The Qatar Exchange rebounded on Monday from the sharp declines recorded last week after the finance minister said that the economy works basically as normal despite the diplomatic crisis in the region, while stocks associated with the real estate sector and petrochemicals supported the UAE and Saudi Arabia markets.

Good angular capital markets analyst said that the Qatar bourse began to recover payment from the decline in the pace of decline in sales of Gulf funds which coincided with the statements of the Foreign Minister in Doha about the intention of seeking to resolve the crisis soon.

Angular and explained that some of the Gulf and foreign funds have already withdrawn their liquidity since the crisis erupted last week and headed to seize UAE stocks and Saudi Arabia.

Angular and pointed out that the UAE stocks, especially leadership attracted the attention of many of those funds because of their presence at attractive levels.

For his part, Mohamed Azmi analyst, capital markets, said that some of the shares of Saudi companies have begun to see positive movement with global Taaki London Brent crude, recouping some of the sharp losses suffered last week.

In Saudi Arabia, at the end of trading yesterday, shares surged 14 petrochemical listed company with the rise of the Saudi Basic Industries Corp (SABIC) 0.5%.

Azmi said that some shares in the Kingdom, which may benefit from the index (MSCI) Saudi Arabia to lift rating to the emerging market situation this month began experiencing liquidity by entering remarkably.

It will be announced (MSCI) on 20 June whether to put Saudi Arabia under review to raise a possible rating or not.

The following closure of the Gulf market indices levels at the end of the session on Sunday:

Saudi Arabia ..

index 0.2% to 6822 points increased.

Dubai .. The

index rose 1.2% to 3427 points.

.. Abu Dhabi

index rose 0.3% to 4511 points.

Qatar .. The

index rose 0.8% to 9135 points.

Kuwait .. The

index rose 0.3% to 6775 points.

Bahrain .. The

index fell 0.1% to 1322 points.

Muscat ..

index 0.3% down to 5314 points.

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