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Palestine Exchange-Investor Monthly Newsletter Issue #63, June 2015
July 6, 2015--The Palestine Exchange-Investor Monthly Newsletter Issue #63, June 2015 is now available.
Source: Palestine Exchange(PEX)
MIDEAST STOCKS-Egypt sinks as Emaar Misr listing disappoints; Gulf mixed
July 5, 2015--Emaar Misr moves little from IPO price
Cairo index enters important technical support area
Almarai strong in Saudi after Q2 earnings
Drake & Scull surge on after easing ownership curb
Dana Gas soars after reports on Kurdistan ruling
Egypt's stock market maintained its downtrend on Sunday as a weak debut by Emaar Misr, the biggest listing since 2007, further hurt sentiment.
GCC economic activity fell by just under 30 per cent during in H1 of 2015
July 2, 2015--Project awards, mergers and acquisitions activity, and company earnings are all down by close to 30 per cent
Average daily oil prices down by 46.9 per cent during first half of 2015
Investor confidence has been subdued this year. Economic activity in the GCC fell by just under 30 per cent during the first half of 2015, according to three key metrics.
Source: Dubaichronicle.com
Egypt falls on security worries; Saudi market flat
July 2, 2015--Egypt market slid 0.5 per cent to 8,333 points while Saudi index edged down 0.1 per cent.
Source: AMEInfo
Egypt's Economic Growth Slows to Three PCT in Third Quarter of Past Fiscal Year
July 2, 2015--Egypt's gross domestic product growth dropped to 3 percent during the third quarter of the fiscal year 2014/2015,
the Planning Ministry announced on Thursday.
Source: AllAfricanews.com
Dubai and Saudi Arabia's stock indices drop after Kuwait terrorist attack
July 1, 2015--Dubai's index dropped by 2.1 per cent at 4,055.97,
while Saudi Arabia's stock market index slumped by 2.2 per cent.
Source: AMEInfo.com
Mideast funds bullish on UAE, Egypt, downgrading Turkey
June 30, 2015--Middle East fund managers have returned to favoring United Arab Emirates stock markets because of more attractive valuations, while cutting allocations to Turkey because of political uncertainty there, the latest monthly Reuters survey shows.
The survey of 15 leading managers, taken over the past 10 days, found 33 percent now expect to increase allocations to UAE equities over the next three months, while 7 percent expect to cut them.
Source: Today's Zaman
Saudi rebounds slightly, Egypt stays weak
June 24, 2015--The market opened to direct foreign investment on June 15 but inflows since then have been minimal and the latest exchange data
showed there was no change to this pattern on Monday.
Source: AME Info
IMF-Israel: Concluding Statement of the 2015 Article IV Consultation
June 24, 2015--1. Israel's economy is performing well. This is visible in GDP growth-Israel has not had the sharp post-crisis slowdown that many other countries have experienced. It is also visible in employment creation-since 2007, employment has grown from 59 percent of the working age population ratio to 68 percent.
2. Nevertheless, policy makers are confronted with a number of challenges. The fiscal deficit remains stubbornly high, leaving limited buffers to respond to shocks. Inflation is negative-well below the Bank of Israel's (BOI) target-but housing prices continue to rise. Labor productivity is low and the gap with the United States is widening. And income inequality is among the highest in advanced countries.
Outlook
3. The economic outlook is positive. Growth this year is expected to rebound to 3 percent (from 2.8 percent in 2014), the result of strong private consumption growth-driven by rapid employment growth, near-zero interest rates, falling import prices, and the rebound from the impact of military operations last year.
Source: IMF
Oil prices stable as strong fuel demand meets high production
June 23, 2015--JP Morgan said in its weekly oil research note that U.S. production had posted a new high this week
but that it would start to drop.
Source: AME Info
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