QE tops Gulf; Dubai bourse lags peers

31/12/2010 00:00 AST

Investors picked up real estate stocks in Dubai boosting the index yesterday but the bourse was the region’s worst performer in 2010 as the emirate’s debt woes and lack of liquidity continued to weigh on sentiment.

Qatar’s index was the Gulf Arab region’s best performer, gaining 24.5% in 2010, and its winning bid to host the 2022 football World Cup tournament buoyed the index further.

Dubai’s index ended down 10.1% on the year, with the more liquid stocks such as Emaar Properties and other property stocks underperforming the benchmark as recovery in the crucial real estate sector remains elusive. Abu Dhabi’s index was down 1.5% in 2010.

In Kuwait, the market was unable to extend recent gains and ended lower yesterday.

It ended the year down 0.6%.

Saudi Arabia, the largest Gulf market, was up 8.2% on the year while Oman’s bourse gained 5.9% in 2010.

Bahrain fell 2.1% in the year.

Analysts said that among the key themes to track in 2011 will be banks’ provisioning levels and loan growth, clarity on Dubai’s real estate sector, resolution of the impasse over mortgage lender Amlak, and Kuwait’s political woes.


Gulf Times

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
RIBL 13.83 1,519,548
JARIR 177.89 111,251
STC 83.41 257,644
DARALARKAN 13.47 74,648,349

Stock Market Info

QE 8,707.67 -14.08 (-0.16%)

Valuation

Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Index Chart

Top Related Companies

Ticker Price Change
QNBK 134.50 0.61 (0.45%)
IQCD 108.99 0.99 (0.91%)
ERES 10.25 -0.28 (-2.66%)
MARK 35.99 -0.11 (-0.31%)
ORDS 82.51 -1.09 (-1.31%)

Recent News

Foreign investors pile into Saudi Arabia in March amid kingdom's FTSE upgrade

05/04/2018

Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r

The National

Muscat bourse gains lifted by activity in financial shares

05/04/2018

Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti

Times of Oman

Dubai bourse takes a hit in traded value

05/04/2018

Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s

Gulf News

Financial blue chips drive Muscat bourse recovery

04/04/2018

Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank

Times of Oman

Emaar Properties stock hits new one-year low

04/04/2018

Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap