Journal of Kuwait Performance gap and positive market indicators for Dubai, Kuwait, Manama and Muscat

Stock markets in GCC countries posted mixed performances over the past week: the indexes saw gains in four of them and three in declining markets, but losses were greater Market-driven Abu Dhabi and Qatar, with a higher loss of 2.9% in Abu Dhabi and 2.2% in Qatar, while four indices were the biggest winners, the Bahrain Stock Market Index (1, 8%), followed immediately by the Dubai index for the fifth consecutive week (1.7%) Kuwait Stock Exchange (KSE) of 0.8% and Muscat index of 0.6%.

Earnings in Bahrain and Dubai

The Bahrain Financial Market index rebounded, rising 1.8% last week, after adding 26.87 points over five green sessions to reach 1,549.58 points. Support from the banking sector, which recorded strong growth of more than 3% BK and Ahli United Bank (UHI), about to be acquired by Kuwait Finance House (KFH), increased their liquidity by about twice last week.

For the fifth week in a row, the Dubai Financial Market index continues to climb to 2900 points, despite sales and profit-taking, which reduced its gains at the end of the week to around 1.7%, which corresponds to about 50 points, did not affect US markets, The Kuwait Stock Exchange recorded the best performance of the Gulf in 2019, ahead of the Saudi and Bahraini markets, followed closely by the last three tenths of a point. Only at 15.4%.

The Muscat index was able to return to the green zone after a major negative that dropped its index to levels below 3,800 points.

Earnings of the KSE index

The Kuwait Stock Exchange indexes improved in the last week and last month of July. At 6753.55 points, the main market index rose closer to the percentage point to close at 4892.23 points, up 45.61 points.

The three market variables showed strong growth and activity doubled compared to the previous week, as liquidity increased by about 50% and the number of transactions by about one third following the growth of operational market indices in the main market, further supporting growth than previous and general indices. The first half results, during which the Zain stocks and industries were outstanding, and pending the results of the main market shares, during this week and before the holidays of Eid al-Adha, which will begin next week.

The indicators of Abu Dhabi, Qatar and Saudi Arabia were closer and linked to the performance of world markets and focused on a set of incentives that quickly became a nightmare this weekend, the main one being the reduction in US interest rates last Wednesday, which was within the bounds of one-percentage-point estimates, global financial markets and expectations reduced early in a long series of cuts in interest rate and pressure on the markets and commodities, especially the oil price, which fell sharply, with the loss of Nymex 8%, the biggest daily loss of this year, n 39 The three Gulf markets ended in a weekly loss of 2.9% in Abu Dhabi, corresponding to 157.55 points, after four weeks of growth. Point, loses an impressive percentage of his earnings and reduces his annual gain this year to only 8.2%.

The Qatar market index was better than it was, losing 2.2% to 233.65 points, falling to under 10,400 points and only 10,377.63 points The main companies Qatar has terminated most of the information, leaving only 25% of them. Overall, this is only 2.3%.

The performance of the Saudi market after the results of the decline in profits of SABIC, the results fell by 54%, the largest Saudi companies in terms of profits, to bring down the total profits of Saudi companies by 22%, despite the support Four-digit Big Business Profits The $ 2 billion in good growth, particularly the big banks such as Ahli, Al Rajhi and Riyadh, was the biggest decline in the sector for Samba's profits.