Muscat biggest loser, Saudi biggest winner

Today, DFM and Doha fell after regaining some of their weekly losses.

For the second consecutive day, Muscat fell by 1.8% with total losses of 7%, while Kuwait managed to lower its losses before the closing of the session, going down by 0.12%.

Bahrain today rose slightly by 0.20%.

UAE: Dhs27.3bn losses in two weeks

UAE shares have lost Dhs11.3bn by the end of this week, with total losses of Dhs27.3bn in two weeks, while the general index fell by 1.48%.

The total trading value for Dubai and Abu Dhabi reached Dhs6bn including Dhs3.5bn for Dubai and Dhs2.5bn for Abu Dhabi.

Emaar traded Dhs938m and fell by 0.84% over the week to reach Dhs9.43, while Fujairah for Building Materials topped the rising shares with 9.9%.

Ektitab topped the most declining shares by 14.7%.

Dubai fails to keep upward trend

Dubai's market failed to continue its upward trend after profit gaining by local investment funds following strong gains yesterday.

Today Emaar fell by 0.84% to Dhs9.43, registered its lowest price at Dhs9.30 and dominated 31.5% of the total trading which fell from Dhs1bn yesterday to Dhs652.5m today.

On the other hand, Arabtec, Shuaa, Aramex, Tamweel, DIB rose by 2.5%, 2.4%, 1.5%, 1%, and 0.13% respectively, while Union Properties, Dubai Investments, Amlak and DFM fell by 1%, 0.58%, 0.54% and 0.52% respectively.

Unlike Dubai, ADX rebounded after support from Etisalat, which rose by 1.7% to Dhs17.95, Sorouh 1.9% and Aldar 0.42%.

Kuwait gets support from Zain

The rise of Zain by 3.5% boosted KSE's overall performance, but still closed down, with 61 firms falling against 42 rising.

The pressure has come mainly from KFH and Global, which fell by 0.72% and 1% respectively.

Agility also fell by 1.8% despite an announcement by the company that it won five years deal worth $180m from a US logistics agency.

Muscat: Market falls sharply for second day

Muscat's market continued its downward trend after extensive deals were done on Omantel and Muscat bank which together dominated 48.2% of the total trading which reached OR8.5m, but the groups fell by 3.7% and 1.3% respectively.

According to analysts, foreign and local sales rose, apparently following other markets in the region.

Doha falls amid barrier fears

Doha fell sharply today, with 30 firms going down against seven rising, amid fears that the index might break the 10,000 mark.

Water and Electricity shares registered the biggest decline with 4.8%, Qatar National Bank fell 1.9% despite the announcement of the bank that it will acquire 23% of Commercial International Bank in UAE.

Qtel also fell by 1.6%, Barwa by 3.2% despite an increase of 38.4% in its H1 profits.

Bahrain up on Al Salam support

Bahrain was the only winner today after support came from Al Salam Bank which dominated 68.5% of the total traded shares.

These reached 1.9m and rose by 3.2%. Ahli United Bank went up 0.84% and Batelco 0.14%, while GFH fell by 0.91% despite an announcement that it entered into alliance with Ithmaar to launch an investment bank called Infra Capital with a capital of $6bn.