Mubasher TV
Contact Us Advertising   العربية

Kuwait, Qatar stocks attract institutional and foreign liquidity

Kuwait, Qatar stocks attract institutional and foreign liquidity
(Photo credit: Arabianeye - Reuters)

By: Mahmoud Gamal

Mubasher: The liquidity of institutions and foreign investors was directed at medium and big stocks listed in Boursa Kuwait and the Qatar Stock Exchange (QSE), which moved them up on Monday, according to analysts.

Analysts expected that the GCC markets would extend their mixed performance on Tuesday, anticipating oil's performance after the return of concerns regarding supply glut.

Some portfolios withdrew their liquidity from the UAE markets and put it in the QSE after increasing investment opportunities, technical analyst Hassan Al Zawy told Mubasher.

The analyst added that the companies' results and dividends distribution still weaken the performance of the UAE markets.

Technical analyst Hamoud Al Azmy said that the GCC markets will stay between the states of hikes and declines in the coming period until the delayed companies, especially the Kuwaiti, complete their fourth quarter's result announcements and dividend distributions.

The analyst advised traders to be patient in taking investment decisions until the vision of oil prices becomes clear.

The Saudi Stock Exchange (Tadawul) closed Monday 0.5% down to 6,919  points. The Dubai Financial Market (DFM) fell 0.5% to 3,477 points, while Abu Dhabi Exchange (ADX) went up 0.9% to 4,458 points.

Boursa Kuwait levelled up 0.2% to 6,869 points, the Muscat Securities Market (MSM) inched down 0.2% to 5,671 points, while the Bahrain Bourse (BHB) decreased 0.2% at 1,374 points.

The Qatar Stock Exchange (QSE) rose 0.7% to 10,407 points.