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
 Apr 24 2015 - Pres. Erdogan's talks in Kuwait to focus on bilateral ties upgrade - officialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Head of Europe Department at the Foreign Ministry Ambassador Waleed Al-Khubaizi said Thursday that the Turkish President Recep Tayyip Erdogan's talks with Kuwaiti ...

 Apr 24 2015 - His Highness Premier congratulates new ALO chiefKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah on Thursday sent a cable of congratulations Kuwait Trade Union Federation (KTUF) ...

 Apr 24 2015 - Egypt won't condone foreign threats to Arab security - Pres. SisiKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Egyptian President Abdelfatah Al-Sisi vowed Thursday that Egypt would not condone any threat to the Arab security and would stand by Arab countries to derail ...

 Apr 24 2015 - Pakistan desires early political solution to Yemen crisis - Foreign OfficeKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Pakistan has said that it desires an early political solution to Yemen crisis, urging the UN and the Organization of Islamic Cooperation (OIC) to take proactive ...

 Apr 24 2015 - EU leaders seek ways to prevent illegal immigration to EuropeKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Leaders of the 28-member European Union began here Thursday afternoon an emergency summit to deal with the illegal immigration crisis after the recent drowning of ...

 Apr 24 2015 - Conf. of diplomatic missions holds evening sessionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The 8th conference of Kuwaiti diplomatic missions abroad resumed its sessions on Thursday evening in presence of Undersecretary of the Foreign Ministry Khaled ...

 Apr 24 2015 - Brussels Summit to end Med crisis "woefully inadequate" - AmnestyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Draft Brussels summit proposals are "a woefully inadequate and shameful response" to the crisis in the Mediterranean and will fail to end the spiral of deaths at ...

 Apr 24 2015 - Saudi King meets Pakistan PremierKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Saudi King Salman bin Abdulaziz Al Saud met visiting Pakistani Prime Minister Nawaz Sharif and his accompanying delegation at Al-Ouja Palace here on Thursday.At ...

 Apr 24 2015 - His Highness Amir's Rep. stresses Kuwait's support to Asian-African coop.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The State of Kuwait has adopted a policy of cooperation, backing dialogue and pushing development efforts for the prosperity of Asian and African countries, said ...

 Apr 24 2015 - Saudi Crown Prince meets Pakistan PremierKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Saudi Crown Prince and Deputy Prime Minister Prince Muqrin bin Abdulaziz Al-Saud met visiting Pakistani Prime Minister Nawaz Sharif and his accompanying ...

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