As Foreign Investors Return, UAE Shares Rise Again

With the two-day decline of UAE shares, UAE made a bouncing comeback with a positive gain as foreign investors made a return at the UAE stock market.

In the broader market, gainers led losers by almost two to one. Banking, energy and healthcare shares rose.

Abu Dhabi Commercial Bank gained 1.58 per cent to Dh5.14 and National Bank of Abu Dhabi edged up 0.25 per cent to Dh19.90. First Gulf Bank lost 0.91 per cent to close at Dh27.25.

In the energy sector, while Dana Gas shed 0.54 per cent to end at Dh1.85, Abu Dhabi National Energy, also known as Taqa, added 2.15 per cent at Dh2.85.

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UAE Shares Ascend on Q2 Earnings

As expected, shares in UAE stocks advanced due to positive reports that some companies here are doing good investments earlier for the second quarter, which includes the Dubai Financial Market and Abu Dhabi Securities Exchange that have both gained a marginal 1.8 percent in its stocks.

"Investors are expecting good earnings especially in the banking and real-estate industries," said Sherif Abdel Khalek, regional sales executive at Beltone Securities Brokerage, in a Bloomberg report. "Our region's growth is much better than the rest of the world."

The report said Qatar's Doha Securities Market Index advanced yesterday along with the UAE bourses. It added that companies in the UAE, whose economy will grow 7.2 per cent, are expected to report an average 14 per cent growth in second-quarter earnings.

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Abu Dhabi, Potential Developing Projects Destination

Saudi Arabia-based real estate investment and development company is planning a good investment oppurtunities in prime areas of Abu Dhabi.

He said The Land has partly delivered their project in Jordan, while one tower out of the proposed 17 to be built on Qatar's Pearl Island will be delivered by December this year.

"We are also going to develop Perlita Island in Qatar where we are planning a residential and tourist project. As well, we will build an office project in Qatar's Energy City," said El-Helou.

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Global Investment House Acquires 2 Egyptian Financial Companies

Beating the competitive world of financial industries, the Global Investment House, in its effort for worlwide expansion has acquired two leading financial companies in Egypt.


These two are the Capital Trust Co. which is based in Cairo and specializes in Asset Management and Misr International Securities, based in Alexandria and specializes in securities and brokerage.


The acquisition of the two leading Egyptian companies, according to Mr. Omar M. El Qupa hopes to provide and investment community in Egypt which cater the Egyptian market with products and services that would surely match up or even exceed the expectations of the consumers in Egypt.


Global Investment House likewise envisions to provide affordable and effective financial services such as: the establishment and management of investment funds, portfolio management, brokerage, private and public placement, underwriting, advisory, dealings as a principal and as agent, and custody.

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UAE MARKETS: Slowly But Surely Gains

UAE, though slowly, is making a sure uptrend gains in the stock market, much better than any other markets who have been falling tremendously. A total gain of 3.35 percent were recorded sine the beginning of the year.

Arabtec continued to outperform the market and shot up by more than five per cent to a new record of Dh15.60.

Amlak Finance was also among the best performers by adding 3.53 per cent to its value to close at Dh4.98, followed by Dubai Financial Market, Tamweel and Dubai Investments, all ending the session with strong gains. The losers included Deyaar Development and Tabreed.

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