Report: Indicators of the Gulf markets witness further losses last July
(KUNA) - A specialized economic report that the market indices of the Gulf Cooperation Council countries declined again in July, with investors turning attention to the crisis of U.S. debt in addition to the ongoing sovereign debt issues in Europe.He said the report of the Company (ITC), Kuwait Financial issued today that the legislative issues related to companies in local markets caused stay away investors from the market such as the holy month of Ramadan and lost (Standard & Poor's) to the markets of cooperation 8.2 percent following a decline in the month of June fell 2 percent to become the proportion of losses Since the beginning of this year and last July 7 percent.He explained that the Dubai market was stagnant, while the Qatari market could hardly climbed by 50.0 percent The largest decline was in the weighted index of the Kuwait Stock Exchange (KSE), which fell by 24.4 percent.He said the liquidity dropped sharply last July, and fell with the value traded in the GCC by 22 percent to 8.2 billion U.S. dollars, while the volume of shares traded increased by 31 percent to 7 billion only.He said the markets Saudi Arabia and Kuwait have witnessed a decline in the value traded increased by 21 percent and 12 percent respectively and the value traded in the GCC since the beginning of the year to date amount to $ 215 billion, higher by 10 percent over the same period last year.A report (the Centre) that the risk levels in the GCC countries rose by 1 percent last July after a gain rate of 21 percent last June.He noted that the index (the Center) the volatility of the Kuwaiti market was higher as it jumped 56 percent last July, while the index of Qatar has witnessed a decline for the fourth month in a row and fell by 37 percent for the month of July.
(KUNA) - A specialized economic report that the market indices of the Gulf Cooperation Council countries declined again in July, with investors turning attention to the crisis of U.S. debt in addition to the ongoing sovereign debt issues in Europe.He said the report of the Company (ITC), Kuwait Financial issued today that the legislative issues related to companies in local markets caused stay away investors from the market such as the holy month of Ramadan and lost (Standard & Poor's) to the markets of cooperation 8.2 percent following a decline in the month of June fell 2 percent to become the proportion of losses Since the beginning of this year and last July 7 percent.He explained that the Dubai market was stagnant, while the Qatari market could hardly climbed by 50.0 percent The largest decline was in the weighted index of the Kuwait Stock Exchange (KSE), which fell by 24.4 percent.He said the liquidity dropped sharply last July, and fell with the value traded in the GCC by 22 percent to 8.2 billion U.S. dollars, while the volume of shares traded increased by 31 percent to 7 billion only.He said the markets Saudi Arabia and Kuwait have witnessed a decline in the value traded increased by 21 percent and 12 percent respectively and the value traded in the GCC since the beginning of the year to date amount to $ 215 billion, higher by 10 percent over the same period last year.A report (the Centre) that the risk levels in the GCC countries rose by 1 percent last July after a gain rate of 21 percent last June.He noted that the index (the Center) the volatility of the Kuwaiti market was higher as it jumped 56 percent last July, while the index of Qatar has witnessed a decline for the fourth month in a row and fell by 37 percent for the month of July.
