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Analysts: Gulf markets will be affected by the classification of Moody's


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Analysts: Gulf markets will be affected by the classification of Moody's

Post by rocky on Sun 15 May 2016, 7:07 am

Analysts: Gulf markets will be affected by the classification of Moody's

2016/05/15 | 09:30

(Encyclopedia of the day for news | News Iraq ) -
From: Mahmoud Jamal

Direct: Analysts for "direct" that the Gulf stock moves adversely affected during the Sunday session, to change the outlook of the economy of most countries of the negative addition to the decline in oil and global markets.

And proven agency "Moody's" credit rating on Saturday, each rated from: Kuwait, Qatar and Abu Dhabi, with the award each of them a negative outlook, while the downgrade of Bahrain and the Sultanate of Oman, according to a recent memo to her research.

Brent crude fell on Friday 25 cents to $ 47.83, US crude fell 49 cents to $ 46.21 a barrel.

After the oil return to the losses suffered US and European stock indices losses, and by the end of trading last week.

It rose Gulf stock markets, last Thursday, with the rise of oil prices 5% and growth of some of the quarterly results of listed companies.

He predicted analyst Mohamed el-Sultan has Markets Traders, for "direct", the Gulf markets are experiencing performance tends to decline in Sunday's session in conjunction with the review of classifications of the region and the decline in oil renewed.

Said Ziad Mahmoud, a financial analyst with the consulting gowns, for "direct", said Gulf markets expected to decline during the first three sessions of this week because investors are waiting for confirmation of a break of 50 dollars for Brent.

He added by saying that Ziad market indices technically wait any strong incentives to test important resistance levels, which confirms the bullish track, pointing out that this does not seem likely, because the risk appetite in equity markets is low.

Said Muhammad al-Harbi, director of the Governor of the markets in the Gulf for "direct", the falling world markets late last week will pay investors for further easing centers equities that have achieved Mstahedvadtha, especially the most promising markets such as the UAE bourses that have good chances now.

He said Essam Mawla economic analyst said US retail sales for the month of April grew by 1.3% better than expected at 0.8% reinforcing expectations of an interest rate hike soon this year, which may adversely affect the GCC stock performance this week.

The following are closing the Gulf market indices at the end of last Thursday:

Saudi Arabia .. The index rose 0.6% to 6695 points.

Dubai .. index rose 0.5% to 3345 points.

Abu Dhabi .. index rose 0.04% to 4387 points.

Qatar .. index rose 0.5% to 9941 points.

Egypt .. index rose 0.2% to 7521 points.

Kuwait .. index rose 0.4% to 5396 points.

Oman .. The index rose 0.4% to 5969 points.

Bahrain .. index rose 0.6% to 1111 points.

    Current date/time is Wed 22 Nov 2017, 7:59 pm