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Foreign institutions' QR149bn net buying supports bullish rally
December 14, 2013--Foreign institutions' QR149bn net buying supported the bullish rally on the Qatar Exchange during the week.
Industrials, real estate and banking stocks were seen to appreciate more than 1% each as the QE 20-stock Qatar Index (based on price data) rose about 1% in the week that witnessed Dubai surge 4.8%, Saudi Arabia (1.75%), Abu Dhabi (1.56%) and Bahrain (0.77%).
Egypt bourse records highest level in 35 months, main index up 1.8 pct
December 13, 2013--The Egyptian Exchange (EGX) recorded its highest level in 35 months on Thursday amid intensive purchases by foreign and Egyptian investors.
The Egyptian Exchange (EGX) recorded its highest level in 35 months on Thursday amid intensive purchases by foreign and Egyptian investors.
Qatar shares edge up as index stays above 10,000 mark for 24th day
December 12, 2013--The Qatar Exchange was back on the positive trajectory; mainly lifted by real estate, telecom, transport and industrials stocks.
Substantially reduced selling by local retail investors and non-Qatari individuals' increased buying helped the 20-stock Qatar Index (based on price data) gain 0.28% to 10,486.23 points. The key index has been remaining above the 10,000 mark for the 24th consecutive day. However, domestic institutions turned bearish and their foreign counterparts were inclined towards higher selling in the market, which is up 25.45% year-to-date.
UAE stock markets end the week higher
December 12, 2013--UAE's stock markets ended the week in positive territory on Thursday as Dubai's benchmark index maintained its upward surge as investors continued to bet on real estate and construction stocks.
For the week, The Dubai Financial Market General Index (DFMGI) advanced 4.71 per cent and Abu Dhabi General Index (ADX) climbed 1.56 per cent.
UAE indices close lower
December 11, 2013--Real estate, banks and services were among the stocks which gained the most in the past few sessions.
In Abu Dhabi, the benchmark stock index decreased 0.83 per cent to 3,986.11 led by energy, real estate and banks. Of the 36 stocks traded, 20 declined, 11 gained and five remained flat.
Composition of TASE Equity Indices as of December 15th, 2013
December 10, 2013--As of December 15th, 2013 the composition of the equity indices will be updated.
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Israel's economy growing strongly but further efforts needed to improve living standards, says OECD
December 8, 2013--Israel's economy is in good shape, but further efforts are needed to fight poverty and close the gap in living standards with other leading nations, according to the OECD's latest Economic Survey of Israel.
The Survey, presented by OECD Secretary-General Angel Gurría to Prime Minister Benyamin Netanyahu during a cabinet meeting, underscores the importance of maintaining prudent macroeconomic frameworks and building momentum behind structural reforms, particularly in education, social and competition policies. It also calls on Israel to ensure that environmental externalities are more fully incorporated into government, household and business decisions.
