Gulf stock indexes fell except Bahrain in last week trading

All Gulf stock indexes fell during the week, with the exception of Bahrain, as the Abu Dhabi market loses 3.03%, Qatar by 2.37%, Dubai by 1.77%, Saudi Arabia by 1.42%, and Kuwait by 0.83%, and Oman by 0.4%, while the Bahraini market rose by 0.9%.

Head of the Saharan Group, Ahmed Samurai, said that the overall performance of Arab stock markets tended to weakness and fragmentation and the inability to determine the feasibility of investment opportunities produced by the daily stock movements during the last week, which comes as a result of a package of financial and economic developments at the local, regional and global level.

Al-Samarrai said, in the weekly analysis, that "with the continuation of the profit and defections speculative taking, ended the stock exchanges for trading in the red zone with tipping the direction of the markets toward bearish trend during trading next week," and pointed out that "the final outcome of the meetings was for the benefit of low prices and thus poured in interest researchers from the assembly and the formation of small and medium-purchasing operations centers at low prices or at every dip, on the other hand, the weakness of cash in circulation and high volatility ranges and the high share scalp which often feed on the unstable situation for local and regional markets, contributed to the weakening of the price attractiveness of shares traded.

Samarrai pointed out that these trends boosted the acquisition of the leading stocks on the level of individuals and institutions quotas, since they formed the only opportunity for dealers to keep this segment of the stock because of its high degree of fluidity and speed of liquefaction when measured limits of losses measured limits of losses or profits.

All Gulf stock indexes fell during the week, with the exception of Bahrain, as the Abu Dhabi market loses 3.03%, Qatar by 2.37%, Dubai by 1.77%, Saudi Arabia by 1.42%, and Kuwait by 0.83%, and Oman by 0.4%, while the Bahraini market rose by 0.9%.

Head of the Saharan Group, Ahmed Samurai, said that the overall performance of Arab stock markets tended to weakness and fragmentation and the inability to determine the feasibility of investment opportunities produced by the daily stock movements during the last week, which comes as a result of a package of financial and economic developments at the local, regional and global level.

Al-Samarrai said, in the weekly analysis, that "with the continuation of the profit and defections speculative taking, ended the stock exchanges for trading in the red zone with tipping the direction of the markets toward bearish trend during trading next week," and pointed out that "the final outcome of the meetings was for the benefit of low prices and thus poured in interest researchers from the assembly and the formation of small and medium-purchasing operations centers at low prices or at every dip, on the other hand, the weakness of cash in circulation and high volatility ranges and the high share scalp which often feed on the unstable situation for local and regional markets, contributed to the weakening of the price attractiveness of shares traded.

Samarrai pointed out that these trends boosted the acquisition of the leading stocks on the level of individuals and institutions quotas, since they formed the only opportunity for dealers to keep this segment of the stock because of its high degree of fluidity and speed of liquefaction when measured limits of losses measured limits of losses or profits.

source : gulfnews