http://www.sicobahrain.com/market-reports/ The Markets Midgard Components Framework - de.linkm.newsticker Thursday April 19, 2007 http://www.sicobahrain.com/market-reports/thursday-april-19--2007.html http://www.sicobahrain.com/market-reports/thursday-april-19--2007.html Thu, 19 Apr 2007 07:48:52 +0300 sico All GCC markets except UAE witnessed weak sessions today. In UAE, Dubai market saw another day of large trading activity, however the index ended flat. Emaar traded in positive territory rising 0.5% while banking stocks like Emirates Bank Int and Dubai Islamic Bank lost ground. Abu Dhabi was the sole regional gainer today climbing 0.6%. Etisalat extended gains into a third day and rallied 3.4% today after reporting record first-quarter earnings. Oman was today’s biggest loser in the region falling 1.1%. Omantel dropped sharply 3% as profit booking in its shares after a three-day rally put pressure on the index. In Bahrain, banking stocks like NBB, Al Baraka and Ithmaar Bank led the losses in the bourse which closed marginally lower by 0.1%. Qatar bourse ended in the red with minor losses of 0.1% led by Islamic banks. Kuwait and Saudi bourses were closed today. Wednesday April 18, 2007 http://www.sicobahrain.com/market-reports/wednesday-april-18--2007.html http://www.sicobahrain.com/market-reports/wednesday-april-18--2007.html Wed, 18 Apr 2007 08:45:30 +0300 sico First quarter earnings boosted sentiment in the region as all GCC markets except Bahrain ended in the green. In Saudi, SABIC rallied 5% after announcing a healthy 50% jump in Q1 earnings pulling the index up by 1.7%. Kuwait extended a wining streak to a sixth straight trading day by gaining 0.5%, paced by investment companies. MTC was in the limelight as over 532 mn shares (28% of the company’s capital) changed hands. Dubai market rose 0.9% as Emaar gained 0.5%. A late bout of buying in DFM Co and GNH shares also helped the index to close higher. Strong performance in Etisalat lifted Abu Dhabi bourse higher by 0.6%. In Oman, banking stocks Bank Muscat and National Bank of Oman registered gains pulling the index higher by 0.6%. Qatar added 0.1% led by Qatar National Bank. Bahrain bourse was the sole loser in the region today falling 0.5% led by losses in UGB and GFH. Tuesday April 17,2007 http://www.sicobahrain.com/market-reports/tuesday-april-17-2007.html http://www.sicobahrain.com/market-reports/tuesday-april-17-2007.html Tue, 17 Apr 2007 09:00:35 +0300 sico Most GCC markets closed higher today as earnings expectations and announcements drove investor sentiment. The Saudi market plunged by 1.8% with most blue chip stocks trading in the red. SABIC, STC and Al Rajhi Bank dropped by 2.9%, 1.6% and 1.55% respectively. Bahrain index slipped 0.2% led by Batelco and GFH. In Kuwait, investors continued to be optimistic about Q1-07 buoyed with good announcements so far, helping the index close higher by 0.6%. Dubai equities continued its positive trend rising 0.9% on heavy activity. DFM Co and Dubai Investment Co led the gainers in the market. Oman market rallied 2.3% posting its biggest one-day gain in more than seven months, driven by Omantel. In Qatar, banking stocks like QIB, Ahli Bank and Doha Bank pulled the index higher by 0.6%. Abu Dhabi bourse closed higher by 1.3% for the first time in three trading days, boosted by Etisalat after a record first-quarter profit beating analysts expectations after the firm added the most new customers ever for a single quarter. Monday April 16, 2007 http://www.sicobahrain.com/market-reports/monday-april-16--2007.html http://www.sicobahrain.com/market-reports/monday-april-16--2007.html Mon, 16 Apr 2007 08:56:27 +0300 sico All GCC markets except Abu Dhabi witnessed gains today with Oman being leading the markets in the region. The Saudi market closed higher by 0.5% led by SABIC, STC and Al Rajhi Bank. In Dubai, Dubai Islamic Bank registered strong gains lifting the index higher by 0.3%. Emaar Properties dropped 0.5% on first-quarter earnings that fell short of analyst expectations. Kuwait market jumped 0.5% with gains in MTC after the company said it was still considering a London float for its international unit in 2008. Oman rose 1.1% to its highest close in more than six weeks, paced by Bank Muscat, Omantel and Raysut Cement Co. which posted a smart 44% growth in first-quarter profit, beating analyst expectations. Banking stocks like AUB and BSB helped Bahrain bourse to end in the green by 0.1%. Smart gains in Industries Qatar as well as banking stocks pulled Qatar index up by 0.7%. Abu Dhabi market continued to trade in the red as Etisalat saw a downward trend. The Markets http://www.sicobahrain.com/market-reports/reports.html http://www.sicobahrain.com/market-reports/reports.html Mon, 16 Apr 2007 08:37:56 +0300 sico ]]> Sunday April 15, 2007 http://www.sicobahrain.com/market-reports/sunday-april-15--2007.html http://www.sicobahrain.com/market-reports/sunday-april-15--2007.html Sun, 15 Apr 2007 08:45:01 +0300 sico GCC markets witnessed a mixed trend today with major movements in Dubai and Saudi Arabia. In Saudi, shares of SABIC rallied by 4.9%, lifting the index higher by 1.5% after falling to its lowest level in nine weeks on Saturday. In Dubai, the huge drop seen in the Saudi market on Saturday set off investor sentiment. Dubai index fell 2.2% posting its biggest loss in 10 days after Dubai Islamic Bank rallied more than 16% between April 4 and Thursday's close on rumours that it was planning a rights issue .Oman rose 0.5% after a strong performance by Omantel. Losses in Etisalat pulled down the Abu Dhabi index by 0.3% today. Bahrain bourse edged lower by 0.2% led by banking stocks like AUB and GFH. Qatar ended on a flat note. Shares of Industries Qatar rallied after the company reported a 23% jump in first-quarter profits. In Kuwait, there was some selected buying in investment shares while profit booking was in banking shares. Thursday April 12, 2007 http://www.sicobahrain.com/market-reports/thursday-april-12--2007.html http://www.sicobahrain.com/market-reports/thursday-april-12--2007.html Thu, 12 Apr 2007 08:56:31 +0300 sico Profit taking after the recent upward movement dragged the Dubai index lower by 0.1%. Most large cap stocks traded lower led by Emaar Properties which closed at AED11.40 after hitting an intraday high of AED11.55. Oman closed lower by 0.1% for a second day dragged by banking stocks such as Bank Dhofar and Oman Int Bank. Abu Dhabi witnessed its second-biggest one-day jump in almost seven weeks, extending the number of consecutive positive trading session to seven days. Consequently, the index rose 1.3% after a rise in Etisalat and a rally in Abu Dhabi National Bank. In Qatar, strong performance by Qatar National Bank lifted the index higher by 0.4%. Bahrain saw a dull session ending flat, while Kuwait and Saudi markets were closed today. Wednesday April 11,2007 http://www.sicobahrain.com/market-reports/wednesday-april-11-2007.html http://www.sicobahrain.com/market-reports/wednesday-april-11-2007.html Wed, 11 Apr 2007 08:57:17 +0300 sico First-quarter earning news and expectations helped some GCC markets to close higher today. The Saudi market tumbled by 0.5% led by banking stocks after disappointing first quarter earnings. In Bahrain, banking stocks led by AUB put pressure on the index to end in the red by 0.4%. Oman bourse fell by 0.4% ending a four day rally weighed by banking stocks. UAE markets led the gainers in the region with Dubai jumping 1.2%. Dubai Islamic Bank which extended a rally by 2.1% on rumours it plans to double its capital through a rights issue. Abu Dhabi closed higher by 0.9% led by Etisalat and banking stocks. In Kuwait, a late bout of buying especially in bank shares helped the market to rise 0.2%.Investment stocks like The Investment Dar and KIPCO led the gains in the market. Qatar bourse added 0.4% today led by QNB which reported a record first-quarter profit. Tuesday April 10,2007 http://www.sicobahrain.com/market-reports/tuesday-april-10-2007.html http://www.sicobahrain.com/market-reports/tuesday-april-10-2007.html Tue, 10 Apr 2007 08:41:41 +0300 sico Banking stocks continued to drive market movements in the region. A majority of the GCC markets closed in positive territory with the exception of Saudi and Kuwait. The Saudi market lost 0.6% with the majority of large caps losing ground led by banking stocks. In Kuwait, profit taking put pressure on the index to end in the red by 1% after a rally on Monday to its highest close in more than five months. Dubai market closed higher by 0.4% paced by Dubai Islamic Bank which extended a rally on rumours that it plans to double its capital through a rights issue and possibly increase its stake in Tamweel. In Abu Dhabi, banking stocks like National Bank of Abu Dhabi and Abu Dhabi Comm Bank led gains in the market which closed higher by 0.6%. Qatar closed 1% up boosted by Qatar National Bank which reported better than expected first-quarter profits. Oman index traded in the positive territory adding 0.4% with smart gains in National Bank of Oman and Oman Int Bank. Bahrain bourse closed flat as losses in Al Baraka offset gains in NBB. Monday April 09, 2007 http://www.sicobahrain.com/market-reports/monday-april-09--2007.html http://www.sicobahrain.com/market-reports/monday-april-09--2007.html Mon, 9 Apr 2007 09:22:42 +0300 sico Banking stocks directed the trends in the GCC markets today as most of the GCC markets except Saudi and Dubai ended on positive notes. The Saudi market closed lower by 0.8% as almost all blue chips led by banking stocks traded in the red. Losses in Emaar Properties dragged Dubai index lower by 0.3% despite strong gains in banking stocks. Kuwait bourse rose 0.9% to its highest close in more than five months, led by banking shares. Al Ahli Bank surged 6.8% and National Bank of Kuwait gained 0.9% after posting a 13.5% rise in first-quarter net profit. Oman market continued its strong performance and gained 1% today paced by Bank Muscat. In Abu Dhabi, Etisalat and Abu Dhabi National Bank traded in the positive territory pulling the index higher by 0.3%. Bahrain market ended in the green by 0.2% helped by AUB, UGB and Ithmaar Bank. In Qatar, smart gains in Industries Qatar, QNB and CBQ lifted the index higher by 0.2%.