Oil is leading to the rise of Arab stock exchanges semi-collective past week

08/13/2016
Roudao - Erbil
Arab bourses rallied around quasi collectively during last week 's trading supported by strong gains in oil prices in global markets.
The futures rose ore International benchmark Brent October delivery rose 6.1%, the largest weekly gain since last Ooakharenasan, to $ 46.97 a barrel, the highest level since July 20, while US crude, "NYMEX" contracts increased delivery September by 6.4% to $ 44.49 a barrel.
QE and came in the top of the high market with the index rising by President 2.57% to 10,955.31 points, extending its gains for the sixth straight week with the support of blue-chip stocks led by "Qatar Industries' share increase of 5.3% and" Qatar National Bank ", up 1.2%.
In the UAE, Dubai's index rose 1.5%, after falling in the last two weeks, closing flat at 3524.42 points, supported by the record-high real estate sector stocks led by arrows "reconstruction" and "Arabtec" by about 5% and 2.7% respectively.
It rose ECN support purchasing operations of institutions after the announcement of a preliminary agreement reached with the International Monetary Fund for a loan of $ 12 billion, and the main index rose by 1.48% to 8377.71 points, its highest level in 14 months.
And increased TASI largest in the Arab world, amid a significant decrease in liquidity levels to reach their lowest level since 2011, the index rose, "Dismayed" by 1.27% to 6325.62 points, with key support from higher petrochemical stocks.
In Kuwait, the price index rose 0.74% to 5499.72 points, the weighted index increased by 1% to 353.43 points, while the index closed "Kuwait 15", leading shares, rose 0.7% to 817.63 points.
In contrast, Jordan Stock Exchange alone fell after rising over the past five weeks, the index fell president by 1.32% to 2119.09 points, with the decline in most of the blue chip stocks.
Experts predict the pace will continue to climb in the next trading week that interspersed with some profit taking.

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