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
 May 27 2016 - Qatar- Five key clashes in the Champions League finalThe Peninsula
(MENAFN - The Peninsula) The 2016 UEFA Champions League Final logo at the Piazza Duomo in Milan, Italy, on 26 May 2016. EPA/DANIEL DAL ZENNARO Madrid:Real Madrid face local rivals Atletico Madrid ...

 May 27 2016 - Qatar- Al Shaqab students graduate at a glittering ceremonyThe Peninsula
(MENAFN - The Peninsula) Students who received equestrian training at Al Shaqab, pose for a photograph with special guests during their graduation ceremony after receiving their certificates ...

 May 27 2016 - Qatar- Four international players to continue with Al RayyanThe Peninsula
(MENAFN - The Peninsula) Ali Salem Afifa, Head of Football at Al Rayyan Doha: Following a successful local football season, Al Rayyan have secured the services of their four foreign players ...

 May 27 2016 - UAE plays vital role in development projects in JordanMENAFN
(MENAFN) Abu Dhabi Fund for Development (ADFD) and Jordan worked together towards achieving their sustainable development goals, supporting projects in fundamental sectors.Moreover, ADFD has funded ...

 May 27 2016 - Cairo USD 3.6bn residential project attracts foreign investmentMENAFN
(MENAFN) The Ministry of housing introduced Egypt's biggest upcoming project, USD 3.6bn Mountain View iCity, which will be launched in New Cairo.Furthermore, the project's main layout will encompass ...

 May 27 2016 - Qatar, Luxembourg trade relations growMENAFN
(MENAFN) Qatar and Luxembourg have viewed growth due to the exchange of official visits between the two sides and the signing of mutual deal on many areas.Moreover, Qatar sees innovation as a main ...

 May 26 2016 - Saudi- Living cost index in the Kingdom rises 0.2% in AprilSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Sha'ban 19, 1437, May 26, 2016, SPA -- The index of the cost of living in the Kingdom rose by 0.2% during the month of April 2016 compared to the previous month ...

 May 26 2016 - Governor of Riyadh Region receives Cyprus' AmbassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Sha'ban 19, 1437, May 26, 2016, SPA -- Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh region, received here today the Ambassador of Cyprus to the ...

 May 26 2016 - Israeli warplanes launch raids on Gaza StripSaudi Press Agency
(MENAFN - Saudi Press Agency) Ramallah, 19 Sha'ban, 1437, May 26, 2016, SPA -- Israeli warplanes launched today a series of air raids on sites and targets in the Gaza Strip. Local security sources ...

 May 26 2016 - Saudi- Three dead, many injured in Mumbai chemical factory blastSaudi Press Agency
(MENAFN - Saudi Press Agency) New Delhi, Sha'ban 19, 1437, May 26, 2016, SPA -- At least three people have died and several have been injured in a huge blast at a chemical factory on the outskirts ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

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