Category: Featured

European stocks fall at the beginning of the meeting and attention on the minutes of the meeting of the Central American

European stocks fell in early trading Wednesday after strong gains in the previous session, trying to absorb the results of the weak, while dealers pointed to the case of cautious ahead of the release of the minutes of the meeting of the Central American Bank for the month of January.

Shares in Lufthansa the largest German airline 2.4% after announcing plans to suspend dividends while net profit amounted to 990 million euros (1.32 billion dollars) in 2012.

At 8:10 GMT, FTSEurofirst 300 index fell by 0.2% to 1168 points, after jumping 1.1% on Tuesday, supported by a strong statement of confidence in the German economy.

Said Michael Hewson, an analyst at CMC Markets, “I do not see what prevents us from maintaining the gains and may rise. Believe that the policy of the central bank will remain soft.”

“I think that the only downside probability is more stringent language of some members of the Federal Reserve Board regarding Term quantitative easing”

The Fed issued U.S. Proceedings of the meeting of the Monetary Policy Committee after the European markets closed.

In early trading the European markets, both fell from the German DAX Index and the French CAC 0.1% and lost the Italian Vtsa 0.2% while the Spanish index rose Apex 0.1%.

February 20, 2013
25.6 billion dirhams investments of insurance companies in UAE

Revealed a seminar organized by the Department of Economic Development in cooperation with the Insurance Authority in the United Arab Emirates, that the volume of investments of insurance companies operating in the UAE amounted to 25.6 billion dirhams in 2011. The seminar discussed the axes awareness of employees in the insurance sector in Ajman details of the legislation and insurance licensing and inspection procedures, to contribute to the development of performance and increase the role of the insurance sector in the economic system and enhance the competitiveness of the UAE insurance market to reflect the dynamics of the national economy.

Dr Mostafa Ragab consultant insurance in the form of insurance that the number of insurance companies in the United Arab Emirates reached 60 companies, including 34 national and 26 foreign while the total number of insurance companies Takaful 10 companies and the number of insurance agents 19 companies and the number of insurance brokers 172 company and the number of consultants insurance 17 companies and a number of experts detected and assess the damage 69 companies and the number of insurance experts Mathematics 32.

While the value of insurance premiums in the UAE in 2011, the equivalent of 24 billion dirhams and the share of national companies “lock people” accounted for 30% and 70% foreign property insurance and national responsibilities accounted for 76% and 24% foreign. He said: The number of employees in insurance companies amounted to seven thousand and 998 employees and the number of employees 521 citizen citizens by 5.6 %.

The participants praised what has been presented and display of information about work methods and regulations in force in the form of insurance and state laws governing the operation of licensed insurance companies. Sulaiman said Taher, head of incidents in Al Buhaira National Insurance, this workshop was fruitful and positive in terms of the information on the insurance sector in the UAE and the importance of this sector and its vital role in the development of the national economy and strengthen the approach the state in economic diversification and protection activities related economic sectors and commercial and industrial, urban, and provide stability in the community in several important aspects.

Amer said mouse branch manager of Falcon National Insurance: Such workshops have a positive impact on the workers in this sector because it gives them an idea of the last decisions and laws in this regard, stressing that it was to take advantage of what was presented during the workshop of new topics on insurance and staff The mediators and the size of the companies.

February 20, 2013
Oil and gold fell to its lowest level

Futures prices fell U.S. crude oil yesterday, more than two dollars a barrel, under pressure from concerns about the European economy, and after U.S. economic data raised disappointing, concerns about the prospects for energy demand.

On the New York Mercantile Exchange (NYMEX), the price of futures contracts for U.S. light crude for March delivery 1.87 dollars to 95.44 dollars a barrel, having fluctuated in a range of $ 95.31 to $ 97.47. As gold prices continued to fall yesterday, registered the lowest level in 6 months at $ 1614.84 an ounce «ounce, after falling for two main levels of support at 1625 dollars – the lowest level earlier this year – and 1620 dollars, sparking a wave of selling. The low turnout for the precious metal from investors, and the decline in demand from China during the Lunar New Year holidays, you may pay the price of metal to fall by 3% this week. Gold price came down 1.2% to $ 1615.40 an ounce by the time of 1334 GMT, while the gold price fell U.S. futures for December delivery 20.3 to $ 1615.20 dollars per ounce.

February 16, 2013
Dubai market penetrates the highest price levels since 2009

Dubai market penetrates the highest price levels since 2009

Said economic advisor firm Fajer Securities, Maha kanz, in its weekly report on domestic capital markets that the first breakthrough for the highest price levels since 2009 in Dubai Financial Market (EMAAR and Ajman Bank) exceeded leading share reconstruction in Monday’s session last week highs price Since 2009, when it reached 5.12 dirhams.

During the following sessions seemed to share a state of weakness did not enable it to complete the process of penetration clearly encourage more investors to enter the stock. Also recorded Ajman Bank session Tuesday and before the announcement of the results of annual top price level since 2009, when at 1.6 dirhams, but it looked stock weak after the announcement of the bank announced its financial results for the year 2012 and achieved growth in net profit increased by 380% to reach to 33.5 million dirhams, compared with 7 million dirhams over 2011. As the Abu Dhabi Each of Abu Dhabi Commercial Bank and brightening when real estate price levels are the highest during the past years

Bank shares jumped to 3.90 dirhams this week, which is the highest since the crisis. The Bank recorded a profit for last year worth 2.81 billion dirhams, down by 9.5% for fiscal year 2011 of $ 3.04 billion dirhams. But profits in 2011 income, including exceptional profit of 1,314 billion dirhams, with the exclusion of the Bank recording an increase in profits of 62% which is the highest growth of the banking sector.

The bank announced at the end of last month for obtaining FDA approval for the purchase of 10% of its shares, as announced this week assigned for several investment banks for issuing a new bond. The bank announced a cash distribution of 25 fils per share this year, which achieves a yield of dividend by 6.4%.

ESHRAQ did not announce the company after its results for the year 2012. The stock hit a 71 fils this week, surpassing the highest price level since included. This may explain case continues to climb Iqbal speculators share it because of expectations about the generous cash dividends for the company, the company introduced a dividend last year of $ 6 fils which achieved rent shareholders dividend is the highest in the two markets together, and by 25%.

Treasure said there are many stimuli that make us expect markets continue to rise and that was a quiet upwards, and those stimuli the latest report of the Organization of Petroleum Exporting Countries, which said that global oil demand will grow faster than the previous forecast in 2013. Oil prices continue to climb condition and up to the highest level in nine months above $ 119 a barrel, with the support of the expected strong growth of demand in China.

There is also continuity in the announcement of the mega real estate projects in Dubai, during this week announced the adoption of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Island project «Blooaters« one Meraas Holding projects at a total cost of 6 billion dirhams. This as well as the flow of financial disclosures for big companies that have not yet announced their profits and suggestions of their boards of distributions.

February 16, 2013
Japanese economy shrank in the last quarter of 2012

Japanese economy contracted in the last three months of 2012 is the third quarter of contraction in a row and gives the government the argument for the defense of strategic necessity “weak yen” for growth back on track.

Economy contracted by 0.4% in the quarter between October and December was worse than expected .. Many analysts had expected the economy out of the recession in the fourth quarter of 2012, as the Japanese yen fell against other major currencies boosted the country’s exports.

Although the government did not intervene directly to reduce the value of the yen, but that its policies have convinced many in the market that will pump more money has undermined the value of the Japanese currency .. These policies have led to the yen fell by 20% against the dollar since October has raised concerns about the currency war in order to enhance competitiveness could undermine Japanese growth

February 15, 2013
Regional stock markets decline towards the end of the week with reduced exposure to risk

Paid a few selling for profit-taking most stock markets in the region fell on Thursday, with the failure of investors in creating a positive catalysts for the rise in prices, which seem to have reached its full extent.

The UAE market fell from their highest levels in years, but selling pressure was weak, which fueled hopes of further rise in the coming sessions.

Said Marwan Shurrab, vice-president and chief trader at Gulfmena “expectations the first quarter will be channeled in the market is expected to stimulate the distributions equity investors and help to climb in the short term.”

Other analysts said the recent rise of many market early in the year was sharply with the presence of many shares at fair value or higher and there is a need to new positive catalysts to justify further ascent.

And stepped Dubai and Abu Dhabi stock markets this year, as traders bet on improved corporate results. The results of the fourth quarter of last year generally positive, although profits Emaar Properties leading company in Dubai and Abu Dhabi’s Aldar Properties fell short of analysts’ expectations.

And contributed to new real estate development projects in maintaining positive morale in the UAE stock.

Dubai yesterday gave the starting signal for a new artificial island project at a cost of $ 1.6 billion with a resume to lavish construction projects despite the fullness of the emirate projects stalled after the boom years in the past decade.

Topped the large stocks in Dubai with declines fell Emirates NBD 3.4%, and Emaar Properties and one percent.

The Dubai index fell 0.5%, down from its highest level in 38 months, which struck on Wednesday. The index rose 1.9% this week. Some investors tend to sell before the weekend to reduce their exposure to risk.

The index fell for the Abu Dhabi 0.7%, also down from its highest level in 38 months.

The First Gulf Bank’s largest compressor on the index shedding 2.7%.

The Qatar Exchange index fell 0.4% away from its highest level in ten months hit in the previous session.

And Industries Qatar fell 2.5% and Commercial Bank of Qatar 0.7%.

In Egypt, and the stock market continued to decline and key index fell 0.3 percent to close at 5716 points, erasing gains so far in 2013 to 4.6 percent. The market is moving in a narrow range where the government is struggling to stabilize the economy and the face of the protests deployed on a large scale.

And the cursor moves in the range of 400 points since the ninth of January, which is unusual in the Egyptian market volatile.

Said Mohab religion dough head of technical analysis at Beltone Financial in Cairo: “Buyers are not strong enough to break the 5800 point level upwards and sellers failed to push prices down.

He added: “the market will move up and down in a narrow range in the short term unless there are incentives.”

The Egyptian Prime Minister Hisham Qandil said he expected to visit the International Monetary Fund (IMF) team to Egypt this month to discuss the loan agreement, which is long overdue and is seen as important to support the country’s economy.

Shares in Orascom Construction Industries 1.1 percent. The company said that its shareholders approved the takeover offer on its ordinary shares listed on the Egyptian Stock Exchange for liquid or money of the company’s shares are listed on the Amsterdam Stock Exchange.

Traders fear of a possible shortage in liquidity if the write-off Orascom Construction Industries leading from trading on the stock market after push Vdma the offer.

Shares in Commercial International Bank 0.3 percent and Egyptian Kuwaiti Holding shares 0.8 percent.

In other parts KSE index rose 0.2 percent supported by banks. Shares in National Bank of Kuwait and one percent, while Gulf Bank shares rose AUB and 1.2 and 1.1 percent respectively.

In the Sultanate of Oman’s index closed the Muscat Securities Market was up 0.3 percent.

The following closing stock market indices in the Middle East:

Dubai .. The index fell 0.5 percent to 1894 points.

Abu Dhabi .. The index fell 0.7 percent to 2935 points.

Qatar .. The index fell 0.4 percent to 8793 points.

Egypt .. The index fell 0.3 percent 5716 points.

Kuwait .. The index rose 0.2 percent to 6398 points.

Oman .. The index rose 0.3 percent to 5898 points.

Bahrain .. The index rose 0.7 percent to 1091 points.

February 15, 2013
Stumbled upward trend in UAE stock exchanges

Stumbled upward trend in UAE stock exchanges

Stop the upward trend in the United Arab Emirates stock exchanges, with some investors to sell for a profit on concerns that the rally since the beginning of the year have increased stock prices too much.

The Dubai index fell 0.5 percent to close at 1888 points, the second decline since the record highest level in 38 months last Sunday.

He said a Dubai-based trader who asked not to be named, “people began to be concerned of the absence of any strong incentive for stock prices to rise. Values began to exceed the limit.”

And Emaar Properties down 1.2 percent to 4.9 dirhams, down for a second day after hitting its highest level in four years on Sunday.

Shares of Emirates NBD 2.1 percent and Air Arabia 0.9 percent. And the Dubai Financial Market only stock listed on the Gulf 0.8 percent.

Abu Dhabi’s index closed flat at 2924 points, the same level on Monday and the highest level since 35 months, but rose 11.1 percent since the beginning of 2013.

The initial recovery helped to real estate prices and the banks cut provisions in the fourth quarter of last year contributed to the UAE on the rise early in the year but concerns remain.

The trader added, “The most important thing possible to maintain income and this has not been confirmed yet.”

“The outlook for crude oil is weak and government spending in the Gulf Cooperation Council Alkhyahy is going up – it’s double jeopardy.”

The shares rose Abu Dhabi Commercial Bank, which are rarely dealings 14.8 percent.

February 13, 2013
Dubai Financial Market falls after abandoning Emaar level five dirhams

Dubai Financial Market falls after abandoning Emaar level five dirhams

Exposure DFM to profit-taking for the second straight session yesterday, after the failure of Emaar Properties to maintain its level above the five dirhams.

The index of the market year by 0.48%, after losing 9.01 points to close at 1888 points, under pressure from the major property stocks in the market, which dropped from record highs recorded earlier this week.

The value of trades fell by 43.86% to reach AED 278.5 million compared to 496.1 million dirhams, and trading volumes fell by 22.75% to reach 289.7 million shares, compared with 375 million shares in the previous session.

The trades took place on the shares of 28 companies of which 11 shares rose, against a decline of 15 shares, settled arrows at the levels recorded in the previous session.

And Ajman Bank topped the list of advancers by 4.7% to 1.56 dirhams, followed by Hits Telecom rose 2.6% to AED 0.822 and Takaful House by 2.1% to AED 0.574, and Dubai Investment by 0.98% to 0.93 dirhams, and subscribe Holding rose 0.96% to 1.05 dirhams.

The Emirates NBD at the forefront of decliners by 2.1% to 3.72 dirhams, followed by Gulf Finance increased by 1.3% to AED 0.472, then Emaar by 1.2% to 4.94 dirhams and then share financing company rose 0.87 percent to 1.14 dirhams, and Air Arabia

February 13, 2013
Monthly report on the performance of the Dubai Financial Market

Monthly report on the performance of the Dubai Financial Market

Dubai Financial Market General Index recorded at the end of January this year increased by 16.3% to reach 1887.6 points compared to 1622.5 points at the end of December last year. In terms of performance sectors listed on the market, the indices rose six sectors of the nine sectors represented in the market, was the highest Services sector index, which rose 34.7%, followed by the real estate sector and construction sector index investment and financial services, which increased by 26.6% and 16.3 %, respectively. While there has been no change in the consumer goods sector index, declined the insurance sector indicators and the industrial sector accounted for 3.3% and 0.7% respectively.
With regard to the market value, rose at the end of this month rose 11.9% to about $ 203.6 billion dirhams, compared with 181.9 billion dirhams recorded at the end of last month. The total value of shares traded in the market during this month by 213.3% to reach 8.652 billion dirhams, compared with 2.762 billion dirhams recorded during last December, and the number of shares traded increased by 211% to $ 7.616 billion shares during this month compared to 2.449 billion shares traded during the month December, as the number of transactions executed by 181.5% to reach about 94 thousand compared to 33.4 thousand deals carried out during the last month.

In terms of sectoral contribution to trading volumes, the sector accounted for real estate and construction on the bulk of the value of trades in the market, to reach 3.324 billion dirhams and 38.4% of the total trading value, followed by the second banking sector by 2.054 billion dirhams and 23.7%, then Investment and financial services trading volume rate of 1.103 billion dirhams and 12.7% and then the services sector trading of $ 1.024 billion dirhams, or 11.8%, sector is transportation handled 435.8 million dirhams and 5%, and insurance sector amounted of $ 385.9 million dirhams and 4.5%, Communications sector handled 324.6 million dirhams, down 3.8%, and the rest of the sectors accounted for the remaining volumes.

With regard to foreign investment in the market, the value of foreign purchases of equities during this month reached 4.083 billion dirhams which constitutes 47.2% of the total trading value, while the value of their sales during the same period reached 3.748 billion dirhams which constitutes 43.3% of the total turnover. As a result, net foreign investment flowing into the market during this month reached 334.2 million dirhams.

On the other hand, the value of stocks bought by institutional investors during the month of January of this year about 2.038 billion dirhams which constitutes 23.6% of the total trading value, while the value of their sales during the same period reached 1.697 billion dirhams which constitutes 19.6% of the the total value of stocks traded, and thus Net institutional investment flowing into the market about 340.5 million dirhams.

February 13, 2013
Dubai market closes trading down 0.13% .. amidst the growth of values sizes

Index ended of the Dubai Financial Market trading session today inside the red zone to decline by 0.13%, and a net loss of 2.49 points to close at 1897.02 points, compared to close in the previous session at 1899.51 points.

Growth movement trades

Saw the day growing volumes and values of trading, where grown sizes by 82% to 375 million shares from 206 million shares in the previous session, and came values on growth are other day to 496 100 000 AED 22.8% for values of trading the session last amounting to 404 million dirhams , as well as deals on the growth came to $ 4646 deal with a growth rate of 38.8% on the number of deals the previous session of $ 3347 deal.

Was today’s trading on the shares of 29 companies rose, 13 shares for 14 shares declined, and the stability of the two stocks.

“Gulf Finance” top advancer, and “Takaful Emarat” on top of declines

Issued rises DFM today share “Gulf Finance” by 5.8% to reach at 0.478 dirhams, followed by “Arab” high by 3.3% by reaching a level of 0.930 dirhams, solving third place shares “Shuaa Capital” surged 1.7% and price level 0.610 dirhams.

As for the declines have issued shares “Takaful Emarat”, which fell by 3.4% to reach the level of 0.615 dirhams, followed by “Al Salam Bank Sudan,” a loss of 3% and the price of 1.890 dirhams, came in third share “Takaful House”, which fell 3% and the price of 0.562 dirhams.

“Gulf Finance” tops sizes .. and “reconstruction” on top of the values

Issued shares “Gulf Finance” sizes Dubai today’s meeting, as the volume of stock trading 103.3 million shares, representing 27.5% of the total market sizes, and trading value reached 48.4 million dirhams, accounting for 9.8% of the total market values.

As for the values of the issued shares “reconstruction” to the values of trading amounted to 154.4 million dirhams which accounted for 31.1% of the total market values, and volumes per share 30.5 million shares accounted for 8.1% of the total market sizes.

Lead “investment” 4 sectors fall

Completed segments of the market trading today on the retreat 4 sectors including, compared with a rise of three others, and the stability of the rest, and came on top of these retreats sector “investment” with a decline 1.65%, followed by “communications” losses 0.55%, came in third sector “real estate” down 0.41 %, and the highs today sector has issued “transport”, which rose 0.92%, followed by the “services” gains of 0.65%, came in third sector “banks” growth of 0.5% and settled all of the commodities sector, and industry.

February 11, 2013