Quotes: US 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 traded 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.


 






  MENA News Headlines
 Jul 25 2014 - Dubai's R&B launches two stores in SaudiMENAFN
(MENAFN) The Dubai-based giant Apparel Group's fashion arm R&B, most recognized for its exciting portfolio of international fashion and accessories brands, plans to open two stores in Dhahran and ...

 Jul 25 2014 - UAE's du, Etisalat sign agreementMENAFN
(MENAFN) Du, the UAE's second biggest telecoms operator, has signed a network sharing deal with Etisalat to offer Internet-based phone calls and broadband services across the country before the ...

 Jul 24 2014 - A forgotten tragedyUN experts call for a stronger response to internal displacement in NigeriaMENAFN Press
(MENAFN Press) GENEVA Switzerland July 23 2014/African Press Organization (APO)/ -- Two United Nations human rights experts today called on the Government of Nigeria and the international community ...

 Jul 24 2014 - Address by Cathy McLeod Parliamentary Secretary to the Minister of LabourMENAFN Press
(MENAFN Press) OTTAWA Canada July 24 2014/African Press Organization (APO)/ -- Check Against Delivery Good morning/afternoon. Thank you for joining us. We are here today to discuss a global ...

 Jul 24 2014 - Flydubai to start Mumbai flights in OctoberspanKhaleej Times
(MENAFN - Khaleej Times) Bai-based flydubai on Wednesday announced the launch of flights to Mumbai bringing the total number of destinations served by the carrier in India to seven with 25 flights a ...

 Jul 24 2014 - Dubai: A vision not an illusionspanKhaleej Times
(MENAFN - Khaleej Times) W laws will reinforce Dubais position as a sought-after global investment and business destination Hisham Abdulla Al Shirawi tells Khaleej Times “Dubai and the UAE as a ...

 Jul 24 2014 - Real estate deals in Dubai hit Dh113 billionspanKhaleej Times
(MENAFN - Khaleej Times) Ga projects and investor confidence behind strong transaction volumes The launch of mega projects and renewed investor confidence have boosted real estate transactions in ...

 Jul 24 2014 - Mashreq bank profit surges 40spanKhaleej Times
(MENAFN - Khaleej Times) Shreq bank announced on Wednesday a 40 per cent increase to Dh1.The bank said it net profit in the second quarter reached Dh585 million an increase of 45 per cent from last ...

 Jul 24 2014 - Marka to list on DFM in SeptemberspanKhaleej Times
(MENAFN - Khaleej Times) Rka a public joint stock company with a capital of Dh500 million on Wednesday announced plan to list its shares on the Dubai Financial Market in the second week of September ...

 Jul 24 2014 - Al Maya opens supermarket in Al Reem IslandspanKhaleej Times
(MENAFN - Khaleej Times) Maya Group has extended its reach in Abu Dhabi by opening its fourth supermarket in the countrys capital and first on Al Reem Island the company said.“The group ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help