Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

GCC?s market cap up at $1.12 trillion in May  Join our daily free Newsletter

MENAFN - Khaleej Times - 14/06/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Khaleej Times) Saudi arabia leads way in region with 530.

the uae had the biggest rise in value traded at 48.1 per cent as well as the largest trading volume with 18 billion shares. — kt file photo

the combined market capitalisation of gcc bourses rose 1.9 per cent to 1.118 trillion in may from 1.09 trillion in april as all markets except kuwait recorded higher trading transactions driven by rising investor optimism.

all indices witnessed a rise in market capitalisation during the month. with 530.6 billion saudi arabia’s tasi was the highest contributor followed by abu dhabi and dubai (225.7 billion accounting for 20.2 per cent) and qatar (203.4 billion or 18.2 per cent). kuwait oman and bahrain together contributed 158.3 billion to the total market cap in may data released global investment house showed.

trading in gcc markets remained mixed in may. the volume traded declined 21 per cent month-on-month with all markets except bahrain and saudi arabia registering growth. “however the value traded rose 11.9 per cent primarily due to gains in the uae saudi arabia and qatar” the kuwait-based investment firm said in its research report.

the uae registered the biggest rise in value traded (48.1 per cent) followed by saudi arabia (4.4 per cent) and qatar (two per cent). with 64.7 billion saudi arabia was the largest contributor to total trading value. in terms of trading volume the uae led with 18 billion shares. “most gcc indices surged in may due to investor optimism post-positive earnings seasons; higher global cues supported the upbeat sentiment” global said.

five markets advanced with the qatar exchange (eight per cent) being the best performer followed by abu dhabi (4.1 per cent) tasi (2.5 per cent) bahrain’s bse (2.2 per cent) oman’s msm30 (1.9 per cent) and dubai’s dfm (0.6 per cent). kuwait’s kse down 1.6 per cent is the only index that declined in may.

in the first quarter the market capitalisation of the dubai financial market surged 25.8 per cent over the previous quarter as the benchmark dfm general index jumped 32.1 per cent by the end of the quarter ending march 31.

the dfm’s market cap rose to dh326.7 billion in 2014 first quarter compared to dh259.7 billion at the end of previous quarter the bourse said in a statement. the value of shares traded during this quarter reached dh110.2 billion compared to dh52 billion recorded during fourth quarter up 111.8 per cent.

in 2014 gcc equities began on a positive note largely led by an uptick in earnings across key cyclical sectors such as banking services insurance and industrial.

— issacjohn?khaleejtimes.com


Khaleej Times

  MENA News Headlines
 Nov 30 2015 - Emeriti financial institutes witness compact liquidityMENAFN
(MENAFN) Overall bank liquidity, which includes reserve requirements and highly-rated government and public sector debt, plunged from USD77 billion at the end of April-June timeframe to USD76.2 ...

 Nov 30 2015 - Pakistan projects 10 percent surge in exports to UAEMENAFN
(MENAFN) Pakistan is aiming at a 10 percent increase in exports to the UAE, which has touched USD3 billion in its last fiscal year 2014-15.The y-o-y joint trade capacity has climbed 11 percent to ...

 Nov 30 2015 - Egypt's capital hotels log profits in spite of crisisMENAFN
(MENAFN) The lack of tourists to Egypt is not projected to impact the Egyptian hotel market in Cairo since firms are filling in the profit gaps the tourists left, as the latest reports showed.The ...

 Nov 30 2015 - UAE gross credit increases 7.3 percentMENAFN
(MENAFN) The UAE gross credit increased 7.3 percent in the July-September quarter, and 7 percent on year-on year basis.Accordingly, reasons that helped UAE gross credit growth were, retail (10 ...

 Nov 30 2015 - Qatar's health sector growth makes a successful economyMENAFN
(MENAFN) The growth and development in Qatar's health sector has been a huge success to its economy.Moreover; the nation invested a lot in healthcare and planned to be a local healthcare ...

 Nov 30 2015 - Iraqi oil exports surge more than 300k bpd in NovMENAFN
(MENAFN) Iraq's southern oil exports have jumped more than 300,000 bpd so far in November, bringing shipments from OPEC's second-largest producer back towards a monthly record.The climb, after bad ...

 Nov 30 2015 - Oman records 13.9 percent fall in inflation over Q2MENAFN
(MENAFN) Oman's inflation of the producer price index (PPI) dropped by 13.9 percent over the three months to June period compared to the same quarter last year, based on recent reports.Additionally, ...

 Nov 30 2015 - Hollande Ban welcome world leaders to UN Climate ConferenceKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By John Keating PARIS Nov 30 (KUNA) -- French President Francois Hollande and UN Secretary-General Ban Ki-Moon early Monday began welcoming over 150 world ...

 Nov 30 2015 - Kuwait- His Highness the Amir receives Dr. Al Omair for oath takingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 30 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received at Bayan Palace on Monday with attendance of His Highness the Crown ...

 Nov 30 2015 - KSA's Alinma, Jeddah Co, join forces with USD2.2b fundMENAFN
(MENAFN) Saudi Arabia's Alinma Investment and Jeddah Economic Company have closed an agreement to initiate an USD2.2 billion fund, according to the latest data.The fund, to be named the Alinma Jeddah ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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