Quotes: US 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

 






  MENA News Headlines
 Aug 29 2014 - UAE's Danube posts 16% sales growth in H1MENAFN
(MENAFN) Danube Group announced it achieved a continuous sales growth of 16 percent in January-June period, due to the launch of their real estate division, Danube Properties and the re-branding of ...

 Aug 29 2014 - US equity firm set to buy stakes at Dubai's GEMSMENAFN
(MENAFN) Blackstone Group LP, a New York-based private equity firm, is close to a deal to acquire a minority stake in Dubai's GEMS Education, marking its first investment in the Middle East, Arabian ...

 Aug 29 2014 - Burger King's new acquisition will not have effect on ME operationsMENAFN
(MENAFN) Burger King's acquisition of Tim Horton's will not have an effect on the fast food chain's operations in the Middle East, Gulf News reported.According to a statement by Burger King, the ...

 Aug 28 2014 - New Garcinia Cambogia Extract Whole Body Review By Top Doctors Like Dr OZ Website Launched For Weight Loss and Diet Management And Side Effects InfoMENAFN Press
(MENAFN Press) Palm Bay, U.S. – /PressCable/ - Satisfied Customer Review and TestimonialEver since it was recently introduced to the world on the Dr. Oz television program Garcinia Cambogia has ...

 Aug 28 2014 - The Diabetes Protocol ReviewCan Dr.Pullmans Treatment Really Reverse DiabetesMENAFN Press
(MENAFN Press) Read this honest review of Dr. Pullman's eBook and reveal how effective is this diabetes treatment. Additionally find out if this will be a risk investment or not? Here is the good ...

 Aug 28 2014 - Ronn LucasVentriloquism Fun Facts Weekly SpecialMENAFN Press
(MENAFN Press) Celebrity Dummies serves as the largest seller of ventriloquist dummies in the area of Tampa FL nowadays. The company is well known in the different parts of the country at the ...

 Aug 28 2014 - Micronized Chlorella 038 BiorayHelping Kids Reach Their Full Potential!MENAFN Press
(MENAFN Press) Environmental hazards may operate to harm a developmentally dynamic child by mechanisms that do not operate in the adult.— World Health OrganizationPound for pound kids absorb more ...

 Aug 28 2014 - Harnessing Social Learning ExperienceNew Technology Launches TodayMENAFN Press
(MENAFN Press) The new social learning platform — altoconnect — from the learning technology provider Commelius Solutions has launched today.London UK (August 27 2014) — The new social ...

 Aug 28 2014 - HVAC-Connect.com Launches Affiliate ProgramBeneficial Opportunity For HVAC Refrigeration 038 Plumbing Industry In The United States and CanadaMENAFN Press
(MENAFN Press) HVAC Connect is the most complete and advanced HVAC Plumbing and Refrigeration business directory and is fully integrated with Social Medias.MONTREAL CANADA August 28 2014. HVAC ...

 Aug 28 2014 - Thomas Wyroba Iconic Artist and Arts Educator Passes AwayMENAFN Press
(MENAFN Press) Tom Wyroba Iconic Artist and Arts Educator— Dedicated His Life To Mentoring a New Generation of Art Students —(Miami) August 28th 2014 - Born into an iconic family of artists and ...

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

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