[ad_1]
RIYADH: KAMCO Research said that the UAE's stock indexes outperformed other regional stock indexes in July 2019, after the Dubai financial market closed the month with a 9.8% gain and the Abu Dhabi Securities Exchange with a gain of 6.8%.
KAMCO said in a report Sunday that the UAE indices in terms of trading months were the best-performing markets in the Gulf, indicating that this superior performance was due to the selective purchases of some of the leading companies, which have led several major actions to record. double-digit growth.
Leaders push the performance of the Saudi market
The report notes that the performance of the Saudi Arabian market fell by 1% of its value in July 2019 on a monthly basis, after having recorded the best performance of the GCC in June 2019.
The TASI index closed at 8732.62 points, due to sharp declines in key sectors such as banks and commodities during the month.
KAMCO pointed out that the negative business climate of the Kingdom's banking sector is due in large part to the possibility of a decline in margins after the reduction in interest rates.
She said that although TASI fell last month, Tadawul's market performance since the beginning of this year is still good.
According to the report, the index has risen this year, due to negative inflows resulting from the market inclusion in the Morgan Stanley, FTSE Russell and Dow Jones Emerging Markets Standard & Poor's indices & # 39 s, as well as government regulation of foreign ownership in shares.
Strong growth of the Kuwait index with promotions and growth of corporate profits
KAMCO's research indicates that the first stock market index in Kuwait remained strong (up 5.6% in the month), with the positive sentiment still weighing on the expected negative inflows the MSCI Emerging Markets Index and continued earnings growth.
Kuwait's leading indices continued to outperform their regional counterparts year-to-date and maintained their positive performance for the seventh consecutive month. Trading activities continued to grow, reversing the seasonal slowdown.
KAMCO told the Qatar Stock Exchange that Qatar's performance remained stable (+ 0.5%) in July 2019, following a recovery the previous month.
The Qatar Stock Exchange index closed at 10505.00 points.
appointments:
Gulf stock markets mingled with $ 933 million decline
After the escalation of the trade war. How do badysts view the Gulf markets' evolution?
Where did the Saudis spend their money in the first half of 2019?
69 countries absorbed 69% of Saudi exports in May. China in the lead
[ad_2]
Source link
