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
 Dec 27 2014 - Qatar A team clinches 16th GCC Volleyball Championship titleThe Peninsula
(MENAFN - The Peninsula) The winning Qatar A team's players pose for a group photo along with the officials after defeating Bahrain A team in the final of 16th GCC Beach Volleyball Championship at ...

 Dec 27 2014 - Bahrain- Anti-govt protestThe Peninsula
(MENAFN - The Peninsula) Shia protesters in Bahrain hold up national flag as they take part in an anti-government demonstration in the village of Jannusan, west of capital Manama, yesterday. The ...

 Dec 27 2014 - Jordan denies IS shot down its warplaneThe Peninsula
(MENAFN - The Peninsula) Jordan's military yesterday denied claims by the Islamic State group to have shot down one of its warplanes which crashed in Syria, after the pilot was captured by the ...

 Dec 27 2014 - Yemen- Protest in Sana'aThe Peninsula
(MENAFN - The Peninsula) People demonstrate against the deployment of armed militia of the Shia Houthi movement in Sana'a yesterday. ...

 Dec 27 2014 - Qatar- Gold loses sheen, to end 2014 on flat noteThe Peninsula
(MENAFN - The Peninsula) Gold has lost its sheen this year and is all set to end 2014 on a flat note, leaving investors disappointed. Prices are hovering around the same level seen at the beginning ...

 Dec 27 2014 - Qatar to host 19th meeting of GCC Environment MinistersThe Peninsula
(MENAFN - The Peninsula) Qatar has taken part in the 18th session of GCC ministers in charge of the environment in Kuwait.The Minister of Environment H E Ahmed Amer Mohamed Al Humaidi led Qatar's ...

 Dec 27 2014 - Qatar- Ministry discovers illegal winter camp in Al ShamalThe Peninsula
(MENAFN - The Peninsula) The Environment Protection Department at the Ministry of Environment has discovered a winter camp in Al Shamal which was established without permission, Arraya has reported, ...

 Dec 27 2014 - Qatar- Vegetables become cheaper despite growing demandThe Peninsula
(MENAFN - The Peninsula) Demand for fresh vegetables and fruits sold at the central market is going up, thanks to the rising population, but a welcome development has been that compared to last year ...

 Dec 26 2014 - Russia hopes to host Syria talks in JanuaryThe Peninsula
(MENAFN - The Peninsula)  -Russia plans to host delegations from the Syrian opposition in late January, possibly followed by a visit by regime representatives that could bring the two sides together ...

 Dec 26 2014 - Lebanon's Hezbollah detains 'Israeli spy' in its ranksThe Peninsula
(MENAFN - The Peninsula)  Lebanon's Hezbollah has detained a senior party official it accused of spying for Israel and "sabotaging security operations" abroad, a source close to the movement said on ...

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

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