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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
Gold continues its losses

Gold continues its losses

Gold losses worsened to the weakest rate in more than a month, it fell to 1642 dollars per ounce, recording the lowest price since early January.

The price of silver fell Spot $ 0.07 in Asia to 30.82 dollars per ounce.

In currency markets, the yen pared losses in Asian trading after it aired in the previous session after a U.S. Treasury official said hinted Tolerance United States with the Japanese currency’s weakness as a side effect of efforts to combat deflation.

Said Assistant U.S. Treasury Secretary for International Affairs Lael Brinard The United States supports Japan’s efforts to end deflation and boost growth.

Against the dollar the euro fell 0.2% to 1.3380 dollars shy of the low level recorded in the eighth of this month at $ 1.3353, and without its highest level in 15 months reached in the first February.

February 12, 2013
Dubai real estate has seen an improvement exceeded all expectations

Dubai real estate has seen an improvement exceeded all expectations

Dubai’s property market has seen a quantum leap towards growth and recovery emerged mid-year, the 2011 and reinforced its upward course start, 2012 has seen circles operating in the sector rapid shift in the dynamics of real estate work and performance in terms of high demand, which has coincided with the gradual improvement prices.

He explained Hussain Sajwani, Chairman, “Damac” real estate that Dubai real estate has seen an improvement exceeded all expectations, as we saw demand growth in investment hotspots especially like “Downtown Dubai” and “Business Bay” and “The Palm Jumeirah” and “Dubai Marina”and others, is expected to extend the circle of activity in terms of the demand for real estate products in other areas along the streets Sheikh Mohammed bin Zayed and transit in the coming period.

He predicted Chairman “DAMAC Properties” to continue to Dubai real estate the same performance with a further improvement in terms of curve prices and demand equation during the next three years under many of the privileges enjoyed by the emirate in terms of security, peace and development of infrastructure and the growth of trade and increasing numbers of tourists and other , as well as to improve the level of confidence in the local environment as a safe haven for business and investment

He explained Hussain Sajwani, that the real estate market local requires moderation and balance in making decisions to play their role in supporting the growth that we’re seeing in the current period, where it is not in favor of the sector to return to work rates financing up to 100% and not be characterized by rigidly to contact ratios 50%, Vaguetrahratio ranging between 70 and 80% Badlh all parties not offend the dynamics of the property and its performance evangelist.

February 11, 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
China’s gold production exceeds 400 tons in 2012

China’s gold production exceeds 400 tons in 2012

Showed recent statistics released by the China Association for recently went to the size of China’s production of gold has exceeded 400 tons, up to 403.047 tons in 2012, an increase of 42.09 tons, 11.66 percent from the previous year, where China has maintained first place in the world for six consecutive years.

And knocked off the provinces of Shandong, Henan, Jiangxi, Yunnan and Inner Mongolia Autonomous Region and the provinces of Gansu, Fujian, Hunan, Anhui and Shaanxi in the top ten in terms of the volume of gold production in the country, is the volume of production 82.71 percent of the total in 2012.

Assembly explained that China’s gold production was only 4.07 tons in 1949 and the total stock of gold a few. Since the seventies of the last century, China began to take a series of supportive policies for the production of gold and increasing investment in the gold industry to improve technology and equipment, with the aim of addressing the acute shortage of foreign exchange.

The total production of China’s gold in excess of 100 tons in 1995, then came to 270.49 tonnes in 2007 to exceed the volume of production of South Africa, ranking first in the world.

February 11, 2013
Slight rise in the price of gold, platinum and palladium fell

Slight rise in the price of gold, platinum and palladium fell

Stabilized platinum and palladium yesterday and coherent after the gains made with the boarding of the highest levels in months in the previous session, while the traders to sell for a profit, while little changed for gold again.

Palladium fell in the spot market 0.3% to $ 753.54 an ounce by the time of 1054 GMT. And palladium rose to its highest level in 17 months at $ 759.75 on Monday in the wake of an increase for four consecutive weeks.

And increased platinum in the spot market 0.2% to $ 1695.99 an ounce, down from the highest level in four months at $ 1705.25 hit in the previous session. And helped improved global economic outlook, in addition to the frequent disruption of supplies from South Africa’s largest supplier in the world, to achieve platinum and palladium performance is better than gold and silver this year, spurring investor interest.

Analysts said the renewed concerns about the sovereign debt crisis for the euro zone hurt sentiment, which could put a strain on industrial demand for precious metals.

Gold rose in the spot market 0.2% to $ 1677.30 per ounce, while futures settled in the United States went April delivery at 1678 dollars. Silver rose 0.6% to $ 31.91 an ounce.

February 11, 2013
Foreign investments in Dubai real estate

Dubai – The value of foreign investments in the real estate market in Dubai over the past year (16 billion dollars) 58.6 billion dirhams, compared to 13 billion dirhams Emirati investments, according to the Department of Land and Property.

Said Sultan Butti bin Mejren, Director General of the Department in a press release issued by the Chamber yesterday, said that the real estate market in Dubai is witnessing an increasing growth in attracting foreign investors, who numbered the end of last year about 18,635 investors.

He added that Gulf investors have played an important role in the real estate market in Dubai over the past year with investments worth 17.7 billion dirhams, pointing out that the Gulf investments ranging from the purchase and sale of land and residential apartments and villas, and Vfaqa newspaper ‘Union’ UAE.

He stressed that foreign investor confidence in the Dubai real estate have risen dramatically, and this is reflected through the diversity of nationalities of foreign investors in the market, where the number of non-Arab foreign investors about 13573 investor, with investments valued at $ 36 billion dirhams.

According to the statement, issued Investors Indians list foreign nationals most investment in Dubai real estate over the past year of $ 9 billion dirhams, and the British $ 5 billion dirhams, and Pakistanis AED 4 billion, and the Russians billion dirhams, and the value of investments foreign nationals other more than 16 billion dirhams.

Bin Mejren said, that official data documented in real estate research and data management in the development of the real estate sector of the circle, showing that the real estate market in Dubai is witnessing an overwhelming response from investors, pointing to the success of the emirate in a full recovery from the challenges of the global crisis.

According to the Department of land and property, the total number of Gulf investors in the real estate market in Dubai over the past year about 2953 investors, and occupied the citizens of the state the first place through 1955 investor, with an investment value of 13 billion dirhams, and the Saudis in second place with an investment value billion dirhams.

She explained that the number of Arab investors amounted to about 2109 investors over the past year, and the value of their investments nearly 5 billion dirhams, solving Jordanian investors in the first place and then the Lebanese, Egyptians and Iraqis.

February 11, 2013
Visitors Dubai Mall exceed 65 million visitors

Visitors Dubai Mall exceed 65 million visitors

Emaar Properties said that ‘The Dubai Mall’, which is the largest and shopping and entertainment destinations in the world has attracted about 65 million visitors last year, an increase of 20% compared to 2011.

Retail sales also rose in various commercial outlets ‘Dubai Mall’ in the past year by 24% compared to the previous year.

She explained that the number of visitors to Dubai Mall exceeded the number of tourists who flock annually to the cities of New York and Los Angeles in the United States of America, who numbered 52 million and 41 million respectively over the past year.

Mohamed Ali Alabbar said Chairman Emaar Properties, said that these figures reflect the growing special status enjoyed by the Dubai Mall in the city to become the right and hand for tourism, shopping and entertainment in addition to its vital role in supporting economic growth, will conduct an expansion of Dubai Mall by adding million feet square indigenous to the area includes an unprecedented array of commercial and residential elements and facilities world-class hospitality to reach a total area of 13 million square feet.

He added that ‘The Dubai Mall’ exceeded the figures recorded in the elite of the most popular shopping centers and entertainment around the world, which highlights the special status enjoyed by the city of Dubai as a major global hub for tourism, retail trade and business. And that ‘The Dubai Mall’ received visitors from various social strata, including the residents of the state who belong to more than 200 nationalities, in addition to large numbers of tourists who flock to Dubai from all over the world.

February 11, 2013
149 billion dirhams non-oil trade of Abu Dhabi in 2012

149 billion dirhams non-oil trade of Abu Dhabi in 2012

Total foreign trade volume of non-oil of the Emirate of Abu Dhabi in 2012 approximately 2.149 billion dirhams, reaching the value of imports about 119 billion Dirhams, distributed among the seaports by 63% and ports air 18% and wild 19%, while exports have totaled about 4.15 billion dirhams, and for re-export revenues were valued at about 15 billion dirhams, mostly through air ports.

In relation to the geographical distribution of the map of foreign trade of the Emirate of Abu Dhabi in 0.2012 data confirmed ESS General Department of Customs Abu Dhabi that the largest share of imports was from the United States with a value reaching 3.14 billion dirhams, followed by South Korea worth 2.13 billion dirhams, then Saudi Arabia worth 12 billion dirhams.

The non-oil exports has China ranked first $ 4 billion dirhams, followed by Saudi Arabia worth 8 .3 billion, and then Singapore about two billion dirhams, and in the field of re-export, Bahrain Top revenues were worth about 4 billion dirhams, followed by Saudi Arabia worth 5 .2 billion and then Qatar billion dirhams.

February 11, 2013