Because of the events in Iraq .. chasing losses of Arab Stock Exchanges

Because of the events in Iraq .. chasing losses of Arab Stock Exchanges

29/06/2014 (00:01 pm) 

Cairo / Reuters - A Sky News. St.. A

Dominated by indicators on the decline of Arab capital markets as it dropped 10 of them compared with a rise of three only. Dubai was the biggest loser with 8.1 percent followed by the Qatari market, which fell 5.1 percent, followed by the Cairo Stock Exchange and three percent of them were not far Abu Dhabi, the index fell 2.9 percent. While the Palestinian market slipped 1.5 percent in the Jordanian market settled down 1.1 percent in the two markets are equally divided as Saudi Arabia and Morocco with a decline of 0.7 percent. The Beirut Stock Exchange was able to counter the effects of the imbalance prevailing security and merely a slight decline of 0.3 percent, followed by BSE, down 0.2 percent .. The economists said the events that go down in Iraq and threats to sources of oil production in a number of areas of Iraq following a fully the performance of the Arab stock markets. In contrast, only three did not record heights limited markets were in the forefront of Tunisia, an increase of one percent, followed by Kuwait and Oman market gains at 0.4 percent. And led the fluctuations and pressures Arab stock markets to record lows amid this weakness and inability to close in the green zone, while seen many trading sessions declines semi-collective shares. Controlled stocks fall on many of the large trading sessions, what form further pressure on the price index, in the form of a continued decline on the prices of the majority of shares traded additional pressure on the pace of investment activity and the ability to attract more liquidity and investors. And suffered the Saudi bourse losses with the decline in indicators of values ​​and sizes, where the index fell year by 67.22 points, or 0.70 percent, to close at 9581.03 points, and investors Ptnaql ownership of 881.1 million shares worth 28.7 billion riyals (7.6 billion dollars) were traded through 552 thousand and 100 deal. In Kuwait, the closures varied key indicators of the stock market, where the price index rose 41.61 points, or 0.6 percent, to close at 6981.85 points. On the other hand finished the weighted index of the market trading this week on a decline of 0.11 percent, or equivalent to 0.5 points as it closed at 471.05 points, compared to a close this past weekend at the level of 471.58 points. Not unlike the case for index «Kuwait 15», fell 0.85 percent, or the equivalent of 9.76 points after the hearings ended last week at 1143.07 points. The movement came trading mixed for the week, rising trading volumes, while value fell 7.5 percent and 25 percent, respectively, as investors Ptnaql ownership of 698.24 million shares valued at 78.67 million dinars (275 million dollars) were traded through 17 thousand and 680 deal. Furthermore, the market continued Qatari series decline amid selling pressure on the majority of leading shares up to the level of 11816.5 points, rose 637.26 points, or a rate of 5.12 percent amid falling to the trading value and volumes increased by 32.4 percent and 5.5 percent, respectively, with the market trading 45.05 million shares valued at 643.79 billion riyals (176 billion dollars). In context, it reduced the Bahraini market losses during trading last week compared to the week the former has declined by 2.97 points, or a rate of 0.19 percent to close at 1432.05 points, down values ​​and trading volumes, as investors Ptnaql ownership of 13.1 million shares valued at 2.9 million dinars ( 7.5 million dollars) were traded through 313 transactions, the share prices of 9 companies in exchange for the decline in the share price of four companies and the stability of the stock prices of 5 companies. And achieved the Omani bourse notable gains during trading with the support of the financial sector amid improved liquidity indicators and sizes, where the index closed the public market the week at 6943.19 points, a drop of 30.22 points, or 0.44 percent, and increased transaction volumes and values ​​increased by 382.46 percent and 213.63 percent respectively, as investors Ptnaql ownership of 331.2 million shares worth 82.1 million rials carried out by 28 thousand and 200 deal, and the share prices of 16 companies in exchange for the decline in the share prices of 36 companies and the stability of the stock prices of 14 companies. Continued Jordanian market decline during last week's trading, but amid continuing high liquidity indicators and trading volumes, as it dropped the general market index by 1.05 percent to close at 2115.8 points, and investors Ptnaql ownership of 64.7 million shares valued at 12.9 million dinars (18 million dollars) was carried out 17016 during the deal, and the share prices of 52 companies in exchange for the decline in the share prices of 85 companies. The fallen stock indexes during trading last week, in conjunction with the trend of investors to keep the liquidity out of the market during the month of Ramadan, and the settlement of financial centers for investment funds by the end of the fiscal year, in addition to the continuation of regional fears about the Iraqi crisis, as well as marginalia President Abdel Fattah al-Sisi impose some austerity measures to meet the the budget deficit. The decline in the main index «EGX30» by 2.96% to hit 8093.75 points, as declining stock index of small and medium EGX70 »» by 1.04% to 583.47 points, and also dropped the index broader EGX100 »» by 1.29% to close at 1023.8 points, and the loss of market capitalization of stocks about 7 billion pounds to 473.8 billion pounds at the end of the week. Traders said the market downturn witnessed in the stock market during trading last week, was driven by a number of reasons, the most important financial settlements for institutions and mutual funds, and collective decline that dominated the stock indexes, because of the tense situation taking place in Iraq. Said Mohamed Shaarawi expert financial markets that the political tension in Iraq was, impact negatively on Arab stock markets, which led to the disorder dealings Arab and foreign investors in the Egyptian market, especially that Borse Dubai has seen a sharp decline last week, falling with other Arab stock exchanges as well.

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