[size=30]Analysts: Gulf stock ignore the events of Turkey and return to the starting point again[/size]
18/07/2016 05:50 | Number of Views: 265
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Direction Press
Direct: Analysts said that the Gulf markets have succeeded in ignoring the negative effects of what happened in Turkey , during trading Sunday, he pointed out that the features of recovery appeared on the performance of thestock despite the fact that events have led some investors to be cautious.
Ibrahim Failkawi analyst at Progress Center for Studies and explained that most of the region 's markets rose yesterday, despite the fact that some stocks with exposure to Turkey recorded a weak performance after the coup attempt there.
In Qatar, Qatar National Bank , which was completed last month fell acquisition of Turkish Finance Bank 0.5%. In Dubai, Emaar Properties fell in early trading , but closed stable. The company has areas of real estate, retail and hospitality projects in Turkey, and Kuwait witnessed KFH decline by 1% and the Bank 's investments directly in Turkey .
Failkawi pointed out that the market was able to absorb the impact of events over time, especially the second half of the session, helped by the cohesion of the Saudi market, and reduce losses.
Failkawi pointed out that the entry that occurred on some specific stock, either in Dubai or Abu Dhabi is considered temporary entry, not a long-term investment incomes.
For his part, between Basil Obotaamh analyst financial markets that the GCC indices are moving at the moment in the positive paths in spite of poor liquidity.
He advised Obotaamh dealers Despite the positive not to expand the centers under the oil rise slightly last Friday, and not to skip to the level of $ 50 a, in addition to access global markets to levels then you may begin to profit taking.
For his part, Abdullah mountain between a member of the International Federation of analysts that it is possible to be exposed to correct the region's markets may extend for a period of two if the descent Brent prices below $ 46.
Hamoud al-Shammari said analyst financial markets that the poor liquidity levels currently shares the Gulf should pay for junior traders warned.
The following are closing the Gulf market indices at the end of the session on Sunday:
Saudi Arabia .. The index rose 0.3% to 6681 points.
Egypt .. index increased 0.2% to 7600 points.
Dubai .. index rose 0.5% to 3488 points.
Abu Dhabi .. index rose 0.5% to 4597 points.
Qatar .. index fell 0.1% to 10419 points.
Kuwait .. index fell 0.02% to 5390 points.
Oman .. index 0.2% to 5872 points increased.
Bahrain .. index fell 0.7% to 1165 points. jh
http://aletejahtv.org/index.php/permalink/119753.html
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