A dramatic bounce back by Qatar this week, up 10% after losing 13% over the past two months. The overall Arab Composite index was up nearly 1.8%, on good half-year earnings results. Oman bucked the trend, losing 1.2% on profit taking after weeks of good performance. SHUAA Capital's Joe Kawkabani has the details.
United Arab Emirates:
Friday, July 16 - 2004 at 20:11
The Emaar miracle continues, boosting the UAE to the top of the gainers again this week. Qatar was the worst loser - down 6% on a technical correction. Overall GCC equities had a good week, driving the Arab Composite Indext up 1.3%. SHUAA Capital's Joe Kawkabani says sentiment remains bullish for next week.
The UAE topped this week's gainers among Arab markets this week, up 2.3%, boosted by the SHUAA stock split as well as continued fresh liquidity from neighbouring countries. Saudi came in second, thanks to a major technical rebound boosting the index 1.9%. SHUAA Capital's Haissam Arabi has the lowdown.
United Arab Emirates:
Thursday, July 01 - 2004 at 21:30
A good performance last week for Arab markets, though volumes were lower due to the summer slowdown. Oman was the best performer, with all sectors enjoying an increase. SHUAA Capital's Joe Kawkabani says the outlook continues to be positive, with strong first half earnings results expected.
United Arab Emirates:
Thursday, June 24 - 2004 at 11:12
Arab markets fell overall for the second week straight, with Qatar and Lebanon the worst performers. The UAE was the star performer, up 5.7 per cent, mainly due to Emaar. It was also boosted by fresh money coming in from regional markets, particularly Saudi. SHUAA Capital's Haissam Arabi gives the full picture.
United Arab Emirates:
Saturday, June 19 - 2004 at 10:13
Volatility continues in Arab markets, with Saudi Arabia showing some recovery from last week's record fall. The UAE performed well, primarily driven by Emaar on news of a stock-split. Egypt also enjoyed a positive week, primarily from heavyweight OT. SHUAA Capital's Walid Shihabi gives a detailed breakdown.
United Arab Emirates:
Saturday, June 05 - 2004 at 09:10
A dramatic fall in Saudi Arabia led the SHUAA Arab Composite Index down 6.9 percent this week. Delistings from reporting irregularities, profit-taking, Al Qaeda threats and the prospect of increased oil production combined to see the Saudi index take its worst weekly drop in years.
United Arab Emirates:
Saturday, May 29 - 2004 at 11:00
Exciting times for Arab markets, with high volatility and plenty of action. The SHUAA Composite closed slightly up boosted by Saudi Arabia, but the overall trend was negative with seven markets closing down. SHUAA Capital's Haissam Arabi expects profit taking to continue as the summer season approaches.
United Arab Emirates:
Saturday, May 22 - 2004 at 12:51
Arab markets experienced a mixed week last week, with the SHUAA Composite rise of 1.2 percent largely driven by gains in Saudi, which broke through and closed above the psychological 6000 barrier. Jordan also performed well, mainly due to a technical rebound. SHUAA Capital's Head of Asset Management, Haissam Arabi, looks at the implications for next week.
United Arab Emirates:
Saturday, May 15 - 2004 at 10:33
A very interesting week for Arab markets, with the UAE in particular seeing record levels of activity. Emaar and Etisalat were among the stocks to watch, with the telco still shaken by the decision to axe its monopoly. SHUAA Capital's Walid Shihabi also takes a detailed look at Saudi and Qatar, and what's expected to be in store for next week.
United Arab Emirates:
Friday, April 23 - 2004 at 00:27
Another good week for Arab markets, with the SHUAA Arab Composite Index up 1.2 percent. The rise was led by GCC markets, with the Levant slightly down due to a correction in the Jordanian market. Joe Kawkabani, Assistant Fund Manager at SHUAA Capital, has more details.
United Arab Emirates:
Thursday, April 15 - 2004 at 08:24
Arab Markets continued their strong climb this week, with Saudi Arabia the star performer, boosted by STC and SABIC. Haissam Arabi, Head of Asset Management at SHUAA Capital, says next week will show progress, but expects some stabilisation to take place.
United Arab Emirates:
Thursday, April 08 - 2004 at 20:54
Starting today, AME Info Broadcast launches a new series of Arab market reports from SHUAA Capital. This week, markets have picked up with the overall Arab Composite Index up 1.5%, with the upturn set to continue. Haissam Arabi, Head of Asset Management, gives the breakdown.
United Arab Emirates:
Thursday, April 01 - 2004 at 09:30