Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar, UAE markets gain strength  Join our daily free Newsletter

MENAFN - The Peninsula - 04/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) GCC equities got off to a flying start in the first two months of 2014, with Qatar and the UAE markets showing substantial strength.



Dubai and Abu Dhabi's stock indices appreciated by 24.17 percent and 15.2 percent respectively, on a very high turnover, and led largely by retail participation. Qatar rallied 13.41 percent year to date and due to buying by foreign institutional investors



The GCC equity markets performed strongly in 2013, with the S&P GCC Price Index increasing by 24.6 percent. The equity markets of Dubai and Abu Dhabi were the star performers, growing 108 percent and 63 percent respectively. The stellar returns of 2013 are, however, unlikely to be repeated this year; with the bull market no longer able to thrive solely on the back of an expansion in stock multiples, latest SICO report noted.



There are some important themes playing out, which will have an impact on GCC equities. These include the recently-introduced labour regulations in Saudi Arabia; the impact of the Expo 2020 award to Dubai, the FIFA World Cup 2022 to Qatar; the UAE and Qatar's upgrade to emerging markets status by MSCI; and the possible merger of the DFM and Abu Dhabi indices.



Nishit Lakhotia, Head of SICO Research commented: "We are maintaining our Brent crude price assumption at 100 per barrel for 2014. We expect oil prices to remain firm in the first half of the year on the back of supply outages in Libya, South Sudan and Nigeria and strong North American demand; although a weakness cannot be ruled out during the second six months of 2014. At this level, we expect all GCC economies, save for Bahrain and Oman, to post surplus budgets for 2014, albeit with lower surpluses."



The report notes that regional IPO activity improved in 2013, with 11 companies listing, including two UAE companies on the London Stock Exchange, compared with nine companies in 2012. Listings so far this year include 'Takaful Oman Insurance' on the Muscat Securities Market in February; and the 'Saudi Marketing Company' on Tadawul the same month. 'Mesaieed Petrochemical Holding's' offering in January, which was oversubscribed six times


 


The Peninsula




  MENA News Headlines
 Oct 30 2014 - Saudi- Shields felt 'abused' by motherArab News
(MENAFN - Arab News) LOS ANGELES: Brooke Shields is releasing a memoir detailing how she felt 'abandoned' by her mother due to her alcoholism.The 49-year-old has enjoyed a successful career with ...

 Oct 30 2014 - Saudi- Julia's 'big risk' makes her happyArab News
(MENAFN - Arab News) LOS ANGELES: Actress Julia Roberts feels she has taken a 'big risk' by not going under the knife to fight the ageing marks.'By Hollywood standards I guess I've already taken a ...

 Oct 30 2014 - Saudi- Alia's short film impresses AshtonArab News
(MENAFN - Arab News) MUMBAI: Alia Bhatt has found a fan in Hollywood hunk Ashton Kutcher who has praised the actress short film on women's safety.Titled 'Going Home' the short film which has gone ...

 Oct 30 2014 - Saudi- Former farmer is new Miss UgandaArab News
(MENAFN - Arab News) KAMPALA: A former mushroom and poultry farmer has been crowned Miss Uganda following a major rebranding of the annual beauty pageant which saw the glamor of the catwalk ditched ...

 Oct 30 2014 - Saudi- Shakira to launch baby toys moms' Web seriesArab News
(MENAFN - Arab News) NEW YORK: Shakira is partnering with Fisher-Price to launch a line of baby toys as well as a Web series for moms.The Mattel Inc.-owned company announced Friday that the First ...

 Oct 30 2014 - Artist captures Gaza pain in clayArab News
(MENAFN - Arab News) GAZA CITY Palestinian Territories: Among the mountains of rubble littering Gaza after a deadly summer war clay outlines emerge of men women and children with a story to tell ...

 Oct 30 2014 - Saudi- Royals drag Giants to Game 7 with 10-0 routArab News
(MENAFN - Arab News) KANSAS CITY Missouri: Lorenzo Cain hit a two-run single and Eric Hosmer lined a two-run double over shortstop in a seven-run second inning as the Kansas City Royals battered the ...

 Oct 30 2014 - Saudi- Elsdon-Hahn champion in Pink Ladies Day Golf TournamentArab News
(MENAFN - Arab News) To show its support for the breast cancer awareness month in October the Dirab Ladies Group organized its annual Pink Ladies Day Golf Tournament 2014 last week at Dirab Golf ...

 Oct 30 2014 - Saudi- Royals pin hopes on Ventura in bid to stay aliveArab News
(MENAFN - Arab News) KANSAS CITY Missouri: A 2-foot-tall image of deer in multicolored neon with a bulls-eye on its tail is affixed to a wall in the Kansas City Royals locker room. It hangs between ...

 Oct 30 2014 - 3rd New Zealand-South Africa ODI washed outArab News
(MENAFN - Arab News) HAMILTON New Zealand: Rain washed out the third limited-overs cricket international between New Zealand and South Africa on Monday leaving the Proteas with a 2-0 series win.South ...

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