Saudi and Qatari stock markets register best Arab performance
Regional, Economics, 5/14/2005

The performance of the Arab Bourse varied during last week. The Saudi Bourse and Doha market for bank notes registered best performance, while the performance of the Kuwaiti Bourse continued to recede. This is however, frustrated the hopes of many investors.

Doha Bank notes market was able to divert the countdown direction and ended two weeks of successive recessions. The last sessions of dealings registered what was called by observers as a "wake up" as the general indicators registered 9000 points, representing an increase of 5%.

On the other hand, the Saudi bourse completed the dealings of the week at a rate of 4.9% at the support of the increase in the shares of SABEC company after this company signed an important deal with an Italian company. The dealings also witnessed an increase in the sector of shares under the increased demands for this item as a result of the movement of instructions in the kingdom.

In Kuwait, the correction movement in the Bourse shares by the beginning of the week resulted in its reduction by 3%. However, the second largest Arab Bourse revived again after the government made assurances to investors on the availability of financial liquidity in the market with the increase in oil price and company's revenues in the first quarter in 2005.

In Amman the Bourse receded for the second running week. The recession in its general indicator created a state of pessimism within investors who were frustrated over that the Jordanian shares will continue the wave of increase started by the beginning of 2005.

Previous Stories:
  Decrease in oil prices after Bush - Abdullah talks   (4/27/2005)
  Egyptian Bourse, oil markets lead Middle East to economic boom   (4/21/2005)
  Bush calls for reduced U.S. dependence on foreign oil   (4/21/2005)
  Private investments expected to increase in the Arab states   (3/9/2005)
  Saudi Arabia increases its oil production to 11 million barrels; oil surpasses $ 50É recedes   (9/29/2004)

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