02 May 2007
Led by an inspiring 2 per cent up swing in the Saudi bourse, most of the Gulf markets travelled north yesterday. Dubai gained over 1 per cent, while Qatar was up for the fourth straight day. Abu Dhabi was the lone decliner for the day sliding down marginally. Bahrain was closed for the Labour Day.
Oman
The MSM index firmed on purchases in the Industry and Banking sectors on Tuesday, while Services recorded minor losses. Bank Sohar, rising 8 per cent, ruled the volume, turnover and risers' list after 1.61 million shares were exchanged among investors. Bottom fishing propped Muscat Nat Holding up over 7 per cent. Conversely, Oman Oil Mktg shed 4 per cent, TransGulf Holding and Om Emirates Invt slipped 2 per cent each.
Kuwait
The Kuwaiti bourse climbed another 66 points, fuelled by gains of 214 and 139 points in the Banking and Industrial sectors respectively, as the market clocked volumes of 457.6 million shares. Portland Cem, Nat Ind Group and Gulf Cem all added between 9 per cent and 8 per cent. Meanwhile, the Real Estate, Insurance and Food sectors recorded losses. Ajial Real Estate Entertainment and Kuw Bah Intl Exchange dropped 8 per cent and 7 per cent respectively, on shallow trades.
Saudi
Save for a minor dip in the Insurance sector, investors in Saudi lapped up shares across all the other sectors with the market ending a handsome 2 per cent higher. The Industrial sector spearheaded the winners rising 3 per cent. Saudi Land Transport hit its upper limit of 10 per cent, while Nat Agri Mktg and Food Products soared similarly. Elsewhere, Saudi Fisheries and Saudi Chemical trimmed 2 per cent each. Of the 86 symbols traded, 60 shares ascended and 13 descended.
Qatar
Qatar continued its upward journey rising 55 points, amidst consistently increasing volumes and value levels from the previous session. For the third trading day this week, all the sectors ended in the green, with Insurance leading the pack, up 111 points. Medical Care Group that had lost 2 per cent yesterday was the biggest gainer at 8 per cent; Woqod was up 4 per cent. Contrastingly, Qat Gen Ins and Qat Islamic Bank lost around 1 per cent each.
Dubai
Late-afternoon buying powered the DFM index higher ending over 1 per cent above the fence. Without exception, all the traded sectors ended in the green. The Financial sector added 2 per cent. Dubai Fin Mkt Co. was the market favourite topping the value, volume and gainers' charts. The share ascended 6 per cent, while Amlak and Emaar were up 5 per cent and 2 per cent, respectively. On the flip side, Emirates Bk Intl and Gulf Gen Invt pared between 3 per cent and 1 per cent. A total of 19 different companies' stocks were traded with 14 shares ending up, 4 closed down and one remained unchanged.
Abu Dhabi
The Abu Dhabi market edged marginally lower as the Consumer sector lost a massive 6 per cent. Construction and Banking also dipped 2 per cent and 1 per cent, respectively. Abu Dhabi Nat Hotels collapsed 10 per cent and Nat Bk of RAK plummeted 8 per cent. Nonetheless, the Real Estate and Industrial sectors added 2 per cent each. Fujairah Bldg and Oman & Emirates Invt profited around 10 per cent and 9 per cent, in that order.
Led by an inspiring 2 per cent up swing in the Saudi bourse, most of the Gulf markets travelled north yesterday. Dubai gained over 1 per cent, while Qatar was up for the fourth straight day. Abu Dhabi was the lone decliner for the day sliding down marginally. Bahrain was closed for the Labour Day.
Oman
The MSM index firmed on purchases in the Industry and Banking sectors on Tuesday, while Services recorded minor losses. Bank Sohar, rising 8 per cent, ruled the volume, turnover and risers' list after 1.61 million shares were exchanged among investors. Bottom fishing propped Muscat Nat Holding up over 7 per cent. Conversely, Oman Oil Mktg shed 4 per cent, TransGulf Holding and Om Emirates Invt slipped 2 per cent each.
Kuwait
The Kuwaiti bourse climbed another 66 points, fuelled by gains of 214 and 139 points in the Banking and Industrial sectors respectively, as the market clocked volumes of 457.6 million shares. Portland Cem, Nat Ind Group and Gulf Cem all added between 9 per cent and 8 per cent. Meanwhile, the Real Estate, Insurance and Food sectors recorded losses. Ajial Real Estate Entertainment and Kuw Bah Intl Exchange dropped 8 per cent and 7 per cent respectively, on shallow trades.
Saudi
Save for a minor dip in the Insurance sector, investors in Saudi lapped up shares across all the other sectors with the market ending a handsome 2 per cent higher. The Industrial sector spearheaded the winners rising 3 per cent. Saudi Land Transport hit its upper limit of 10 per cent, while Nat Agri Mktg and Food Products soared similarly. Elsewhere, Saudi Fisheries and Saudi Chemical trimmed 2 per cent each. Of the 86 symbols traded, 60 shares ascended and 13 descended.
Qatar
Qatar continued its upward journey rising 55 points, amidst consistently increasing volumes and value levels from the previous session. For the third trading day this week, all the sectors ended in the green, with Insurance leading the pack, up 111 points. Medical Care Group that had lost 2 per cent yesterday was the biggest gainer at 8 per cent; Woqod was up 4 per cent. Contrastingly, Qat Gen Ins and Qat Islamic Bank lost around 1 per cent each.
Dubai
Late-afternoon buying powered the DFM index higher ending over 1 per cent above the fence. Without exception, all the traded sectors ended in the green. The Financial sector added 2 per cent. Dubai Fin Mkt Co. was the market favourite topping the value, volume and gainers' charts. The share ascended 6 per cent, while Amlak and Emaar were up 5 per cent and 2 per cent, respectively. On the flip side, Emirates Bk Intl and Gulf Gen Invt pared between 3 per cent and 1 per cent. A total of 19 different companies' stocks were traded with 14 shares ending up, 4 closed down and one remained unchanged.
Abu Dhabi
The Abu Dhabi market edged marginally lower as the Consumer sector lost a massive 6 per cent. Construction and Banking also dipped 2 per cent and 1 per cent, respectively. Abu Dhabi Nat Hotels collapsed 10 per cent and Nat Bk of RAK plummeted 8 per cent. Nonetheless, the Real Estate and Industrial sectors added 2 per cent each. Fujairah Bldg and Oman & Emirates Invt profited around 10 per cent and 9 per cent, in that order.
© Bahrain Tribune 2007
