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
 Dec 7 2016 - Qatar- Armed groups take control of Libyan town of Ben Jawad, close to major oil portsThe Peninsula
(MENAFN - The Peninsula) BENGHAZI, Libya: Armed groups took control on Wednesday of the Libyan town of Ben Jawad, close to some of Libya's major eastern oil ports, security officials said. Miftah ...

 Dec 7 2016 - Israeli missiles hit near airbase outside Damascus: Syria mediaThe Peninsula
(MENAFN - The Peninsula) Damascus: Several Israeli missiles struck the notorious Mazzeh airbase outside Damascus overnight without causing any casualties, Syrian state media reported on Wednesday. ...

 Dec 7 2016 - Turkey says pushing Aleppo talks between Russia, Syria oppositionThe Peninsula
(MENAFN - The Peninsula) Moscow:Ankara is doing "everything possible" to facilitate negotiations between Moscow and Syrian opposition groups to halt the bloodshed in Aleppo, Turkey's ...

 Dec 7 2016 - Syria rebels call for Aleppo truce, civilian evacuationThe Peninsula
(MENAFN - The Peninsula) Aleppo, Syria:Syrian rebels in Aleppo city called Wednesday for an immediate five-day truce and the evacuation of civilians to other opposition-held territory in the northern ...

 Dec 7 2016 - Arab Palestinian Investment Company - APIC Achieves Net Profits of USD6.28 Million in the First Half of 2016MENAFN Press
(MENAFN Press) Tarek Aggad, Chairman and CEO of Arab Palestinian Investment Company - APIC, said that the group achieved net profits after tax of USD6.28 million. Net profit attributed to APIC's ...

 Dec 7 2016 - The Dubai Summer Pass: City Entertainment Offer Proves a Great SuccessMENAFN Press
(MENAFN Press) Now in its 18th year, the "Dubai Summer Surprises" campaign is the highlight of the city's summer calendar, with events and activities for the whole family. As part of this campaign ...

 Dec 7 2016 - Kuwait- His Highness the Amir thanks Bahraini King on warm hospitalityKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Dec 7 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah has cabled Bahrain's King Hamad bin Isa Al-Khalifa expressing deep gratitude ...

 Dec 7 2016 - Greenback slide resumes on disappointing Fed minutes Japan’s verbal intervention falling on deaf earsMENAFN Press
(MENAFN Press) Dollar bulls were clearly uninspired by July’s Federal Reserve’s minutes released on Wednesday as participants remained divided over when to move interest rates. According to the ...

 Dec 7 2016 - Kuwait- His Highness the Amir departs BahrainKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) MANAMA, Dec 7 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, along with his official delegation, departed the Kingdom of Bahrain on ...

 Dec 7 2016 - Kuwait insists on plan to provide 15 pct of energy out of renewable energyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) AMMAN, Dec 7 (KUNA) -- The State of Kuwait is resolved to go ahead with its strategy to provide 15 percent of its energy needs out of renewable energy by 2030, an ...

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