Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - QE index loses 33.71 points  Join our daily free Newsletter

MENAFN - The Peninsula - 19/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) The Qatar Exchange index ended in the red area when trading closed yesterday at 11,690.49 points, down 33.71 points or 0.29 percent, from the previous closing of 11,724.20 points on Monday



The volume of shares fell to 14,023,380 from Monday's 16,013,457 and the value of shares decreased to QR611,438,127.91 from QR1,131,203,414.65 on Monday. Among the top losers were Qatar Islamic Bank, whose shares were down 1.58 percent to QR80.90, Ooredoo lost 0.99 percent to QR150.60, while Vodafone Qatar fell 1.12 percent to QR12.39 and Doha Insurance lost 9.97 percent to QR27.55



The banking and financial sector index lost 0.37 percent points, while consumer goods and services sector index added 0.24 percent. The industrial sector dropped 0.08 percent, while insurance sector was up 0.91 percent



Elsewhere, Egypt's bourse surged to a five-year high after a local newspaper reported that discussions over a new presidential election law would begin today, while Dubai's shares fell in profit-taking after mixed earnings reports.



"People are excited about the elections, they are building positions in anticipation of presidential election law," said Mohamed Radwan, director of international sales at Pharos Securities in Cairo



Cairo's benchmark index rose 1.9 percent to 7,721 points, its highest level since September 2008. It broke above the April 2010 intraday peak of 7,693 points but will need a weekly close above the level to confirm a breakout from the resistance



Dubai's index lost 1.1 percent, slipping off Monday's five-year high. Shares in Air Arabia tumbled 4.8 percent to a two-week low after the budget carrier posted a profit of Dh94m, which came in slightly below estimates. It also proposed a 7.25 percent cash dividend that's only marginally above the previous year's 7 percent dividend. "The overall market has had a nice run but fundamentally, it's becoming overstretched. Fresh money won't come in if valuations are high," said Ali Adou, portfolio manager at The National Investor



Analysts and investors have been calling for a correction on Dubai's market with heavy retail activity spurring small-cap stocks in speculative buying



Saudi Arabia's index climbed 0.2 percent. Banking shares supported gains with the sector's index up 0.3 percent

 


The Peninsula




  MENA News Headlines
 Mar 4 2015 - EU shares near 7-year highs as German retail sales jumpKhaleej Times
(MENAFN - Khaleej Times) The gains follow a rise in Asia and another record day on the Wall Street . US stocks futures pointed to a flat start.Eurozone government bond yields were slightly higher but ...

 Mar 4 2015 - UAE-based enterprises key target for seven global trade shows in Hong KongKhaleej Times
(MENAFN - Khaleej Times) The Hong Kong Trade Development Council, or HKTDC, the international representative organisation for Hong Kong-based manufacturers, traders and service providers, announced ...

 Mar 4 2015 - Moody's Investor Service upgrades Emaar's outlookKhaleej Times
(MENAFN - Khaleej Times) Emaar's strong cash flow generation, solid liquidity and growing business diversification will enable it to weather the more uncertain investment climate, Moody's Investor ...

 Mar 4 2015 - Israeli Navy Shoots Palestinian Fishing BoatsQatar News Agency
(MENAFN - QNA) Israeli navy opened fire at Palestinian fishing boats sailing off al-Sudaniya shore, in the northern Gaza Strip. Palestinian security sources said that the Israeli navy roaming the ...

 Mar 4 2015 - Dubai Int'l Boat Show sees more than 26,000 visitorsKhaleej Times
(MENAFN - Khaleej Times) The 23rd edition of the Dubai International Boat Show opened on Tuesday and is expected to draw more than 26,000 visitors from over 120 countries including High Net Worth ...

 Mar 4 2015 - Middle East and Africa private wealth set to hit $7.2t by 2018Khaleej Times
(MENAFN - Khaleej Times) With private wealth in the Middle East and Africa projected to reach $7.2 trillion by 2018, Dubai International Financial Centre is well positioned with its laws and ...

 Mar 4 2015 - Luxembourg seeks to bolster ties with UAEKhaleej Times
(MENAFN - Khaleej Times) Luxembourg, which is home to assets under management to the tune of more than ‚¬3000 billion, seeks to boost collaboration with the UAE in financial services, in particular ...

 Mar 4 2015 - UAE high in Organisation of Islamic Cooperation indexKhaleej Times
(MENAFN - Khaleej Times) The UAE has been ranked third among Organisation of Islamic Cooperation (OIC) economies in the inaugural 2015 Islamic Growth Markets Investment Index, which was released on ...

 Mar 4 2015 - Beat queues at Dubai's T3 with new GDRFA initiativeKhaleej Times
(MENAFN - Khaleej Times) Passengers will no longer have to wait in queues at the Dubai International Airport's Terminal 3, thanks to a unique system which will send travellers' details to passport ...

 Mar 4 2015 - Turkish jetliner skids off on runway, passengers safeKhaleej Times
(MENAFN - Khaleej Times) A Turkish Airlines jet landing in dense fog in the Nepalese capital on Wednesday skidded off a slippery runway but there were no serious injuries, officials said.Officials at ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

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