Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - Q4 earnings to drive Gulf bourses  Join our daily free Newsletter

MENAFN - Khaleej Times - 06/01/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) Fourth-quarter earnings and dividend payouts are expected to be the main drivers of performance in Gulf markets in the coming weeks, according to Abu Dhabi Investment Company report released on Sunday.

In addition, investors will also be closely watching the announcement of federal budgets for 2014 for an indication of continued fiscal support to the region's economies, the report added.

Investor sentiment across the region remains robust, with Dubai's successful bid to host the World Expo2020 reinforcing the UAE economic story, even if the benefits from the events for the tourism, trade, retail and real estate sectors will be gradually felt in the coming years.

On Sunday, almost all Gulf stock markets closed higher except Dubai, which witnessed a modest decline. Abu Dhabi's benchmark index advanced for a fifth day on attractive prices and earnings prospects. The ADX General Index increased by 0.6 per cent to 4,383.68 points, the highest close since August 2008.

Dubai Financial Market General Index witnessed slight correction and declined by 0.15 per cent to 3,467.18 points. Dubai benchmark index advanced by 107.7 per cent in 2013.

Last year was a record performance year for DFM. Its capitalisation jumped by nearly 43 per cent to Dh259.6 billion in 2013. The value of shares traded during the year reached Dh159.9 billion, compared to Dh48.6 billion recorded during 2012, an increase by 229 per cent.

The number of shares traded up by 214.3 per cent to reach 127.2 billion shares during this year compared to 40.5 billion shares were taded during 2012. The number of transactions executed during 2013 up by 115.3 per cent to reach 1.3 million compared to 621.4 thousand deals carried out during the previous year.


The value of stocks bought by foreign investors during this year reached Dh69 billion comprising 43.1 per cent of the total traded value. The value of stocks sold by foreign investors during the same period reached Dh67.3 billion comprising 42.1 per cent of the total value traded. Accordingly, DFM net foreign investment in-flow reached Dh1.7 billion.

While the value of stocks bought by institutional investors during this year reached Dh38.3 billion comprising 24 per cent of the total traded value. The value of stocks sold by institutional investors during the same period reached Dh37.5 billion which constitutes 23.5 per cent of the total value traded. Net institutional investment in-flow into DFM amounted to Dh790.2 million.

As for the sectors' contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the traded value, to reach Dh70.9 billion, or 44.3 per cent of the total traded value in the market. The banking sector ranked second at Dh31.6 billion or 19.8 per cent, followed by the Financial & Investment Services sector with Dh27.3 billion or 17.1 per cent, the Transportation sector with Dh12.4 billion or 7.7 per cent, the Services sector with Dh8.6 billion or 5.4 per cent, the Insurance sector with Dh4.8 billion or 3 per cent, the Telecommunication sector with Dh4.2 billion or 2.6 per cent, whilst other sectors shared the rest of trading volumes.


 


Khaleej Times




  MENA News Headlines
 Mar 27 2017 - du celebrates the month of reading with first internal ‘duReads’ forum held exclusively for employeesMENAFN Press
(MENAFN Editorial)In celebration of March as the month of reading, du held the first ever reading forum – ‘duReads’ – in the history of the company at Al Salam Tower in Dubai. Spanning two exciting ...

 Mar 27 2017 - Sharjah Police Launches Third Online Auction for Vanity Number PlatesMENAFN Press
(MENAFN Editorial)Sharjah Police announced launching its third online auction for distinguished number plates, in collaboration with Emirates Auction, the leading auction house in the Middle East, ...

 Mar 27 2017 - Almosafer launches flight booking serviceMENAFN Press
(MENAFN Editorial)After successfully running its hotel reservations platform for several years, Almosafer has now released its new flight reservation feature for both their web and mobile app ...

 Mar 27 2017 - USA in top 10 at Rankdit countries Rank for the Third day In rowMENAFN Press
(MENAFN Editorial) While United Arab emirates stayed at the top of the list followed by Jordan , USA reached the top 10 from day one The exciting challenge to share 10 sec. disappearing videos ...

 Mar 27 2017 - Zebra Technologies’ Next-Generation Solutions Recognized with Four iF Design Awards 2017MENAFN Press
(MENAFN Editorial)Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in providing solutions and services that give enterprises real-time visibility into their operations, announced that ...

 Mar 27 2017 - Global expands and diversifies its real estate holdings in the UK with two new acquisitions in the greater Manchester areaMENAFN Press
(MENAFN Editorial)Acting on behalf of its clients, Global Investment House (Global), a regional Asset Management and Investment Banking firm headquartered in Kuwait with offices in major capital ...

 Mar 27 2017 - 80% of Professionals in the Middle East Find It Easier to Communicate with Employers via Online Job SitesMENAFN Press
(MENAFN Editorial): A new poll by Bayt.com, the Middle East’s #1 job site, entitled ‘Communication at Work in the Middle East,’ revealed that almost all respondents (91.4%) from the Middle East ...

 Mar 27 2017 - Johannesburg to host the 10th Edition Hotelier Summit AfricaMENAFN Press
(MENAFN Editorial)Africa is steadily developing into one of the world’s greatest tourist destinations, and there is a need for increased demand for Hotels across the continent. In South Africa, ...

 Mar 27 2017 - H.E Dr. Aisha Bin Bishr Represents Smart Dubai at The World Happiness SummitMENAFN Press
(MENAFN Editorial) UAE, March 26, 2017- H.E Dr. Aisha bin Bishr, Director General, Smart Dubai Office, showcased the successes of Smart Dubai over the past three years in an international ...

 Mar 27 2017 - Software AG & RIT University Dubai enter into a partnershipMENAFN Press
(MENAFN Editorial) March 26, 2017- Software AG, a global leader in enterprise architecture, IT planning, business process management, integration and big data, recently joined forces with ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help