15-07-2017 12:06 PM Number of readers: 368
Baghdad News -
All Gulf stock indexes rose during the week, Vtkdmt Qatari market 6.13 percent, and the Dubai-based 4.1 percent, and the Abu Dhabi 2.77 percent, and Kuwait 1.62 percent, and Saudi Arabia 1.52 percent, and Bahrain 0.5 percent, and Oman 0.04 percent.
Saw «Sahara Group» Chairman of Ahmed al-Samarrai in his analysis of the weekly, that «the overall performance of Arab stock markets erratic trading record during the week, at the level of decisions retention centers and disposal of other new and taking, while speculation of additional space contributed to the lifting of volatility ranges in stock prices and the value of cash in circulation ».
Announced that «price indicators have succeeded in closing highs on the concrete at the end of the weekly trading, due to the concentration of speculation recorded by blue chip stocks, despite the volatility of the event based on the paths of global oil markets and liquidity remain attractive values without borders for new investments». It formed liquidity levels recorded «additional pressure on existing shareholders, and did not succeed in encouraging new investment liquidity from entering the medium term.»
Samarrai said that «stock markets ended marginally higher, despite record profit taking quick commensurate with the financial, economic and political circumstances surrounding, while the disparity and instability in the global financial markets, a direct impact on purchasing decisions and keep dealers in the region's markets, and led them to be more of caution on stocks that record high volatility ranges. »
He pointed out that «if the tension recorded by blue chip stocks and heightened speculation and profit taking, reflected negatively on the dealers and prevented their taking new centers with low-price stocks, which are attractive to buy and can holders to make good profits until a clearer vision to global markets and the results of quarterly performance ». He pointed out that «if the awaited declaration of performance for the second quarter results cast a shadow over the last trading sessions, and contributed to the deepening of trading as a result of the random difficulty of estimating the strength of the results to be announced or weakness. While trading sessions recorded off of the assembly and alignment on operational stocks and the SPA high financial solvency, especially banks and petrochemical sector shares. »
Note Samurai, that «the real estate sector shares and services suffered more speculative, because working in this sector results of their performance are affected often positive and negative surrounding developments, while stressing that the quarterly performance results constitute one of the most important stimulus available factors to stimulate trading, liquidity and improve prices now».
He concluded that stock exchanges «always provide investment platforms and real opportunities for investment that fits all categories and values to be invested, and regardless of the prevailing dangers, despite the difficulties faced by the movement of investment, and comes at a time was able to Arab stock markets recorded and closing good rises in the Green Zone with the end of the trading session weekly, reflecting its ability to deal with the negative developments on the different effects and the desire of traders and their belief in the importance of indirect investment and its usefulness now ».
Saudi Arabia, Dubai and Abu Dhabi
Saudi market and recorded an increase during the trading week with the support of stocks and key sectors.
The general market index rose 109.43 points, or 1.52 percent, to close at 7313.42 points, amid the increase in trading volumes and declining liquidity, as investors traded 835.2 million shares B14.8 billion riyals ($ 3.8 billion).
It stepped up the market in the broadest and Dubai-based weekly pace backed by big gains for the real estate sector. The index rose 4.01 percent, or 136.27 points, to close at 3537.42 points. The trading volumes rose, as investors traded 976.9 million shares B1.54 billion dirhams (408.3 million dollars).
The market has achieved the Abu Dhabi good gains support from the sectors of telecommunications and banking. The general market index increased 2.77 percent to close at 4518.07 points. Investors traded 356.41 million shares B703.76 million dirhams in the 5643 deal.
Kuwait and Qatar
Kuwaiti market rose in light of the rise of volumes and value of liquidity indicators. The general market index rose 108.35 points, or 1.62 percent, to close at 6788.48 points. It increased 60.5 and 28.6 percent, trading volumes respectively, as investors traded 388.92 million shares B59.66 million dinars (197.8 million dollars) in 15.18 thousand transactions. The record Qatar market index increased 547.21 points, or 6.13 percent, to close at 9469.93 points. The liquidity rose 7.3 percent, while volumes fell 8.3 percent, as investors traded 49.2 million shares B1.47 billion riyals (409.1 million dollars) in 17.7 thousand transactions.
Bahrain and Oman
Bahraini market recorded a significant increase amid support from most sectors, and the general market index rose 6.53 points, or 0.50 percent, to close at 1317.38 points.
It decreased volumes and value of trades 72.08 and 67.22 percent respectively, as investors traded 11 million shares B2.443 million dinars ($ 6.3 million) in 324 transactions.
The Omani bourse recorded a slight increase amid a collective decline in the sectors of high liquidity indicators and sizes. The general market index closed at 5121.38 points, up 1.08 points, or 0.04 percent. The increased trading volumes 7.90 and 2.71 percent respectively, as investors traded 50.1 million shares 10.1 million riyals ($ 25.9 million) in the 2362 deal.