May 2005
GIH
Dear Sir/Madam,
In Global’s Monthly GCC Market Review – May 2005, the stock markets in
the GCC region continued to exhibit strong growth as all the markets barring Qatar ended
the month on a positive note. UAE and Qatar, the two buoyant markets of this year
witnessed opposite trends. While the UAE stock market Index reported a whopping monthly
gain of 29.23%, Qatar market saw a steep monthly decline of 15.78%. UAE continues to lead
in terms of YTD gains, notching a phenomenal growth of 94.66% in the first 4 months of
2005. All other GCC markets too reported more than 6% monthly growth which can be
attributed to the positive earning news emanating from the companies. The primary market
too is abuzz with IPOs and we are seeing tremendous response in the debutant stocks when
they enter the secondary market trading. We believe that the primary market will continue
to witness increased attention as a result of positive attitude of the governments and
corporates to list their undertakings on the bourses and unlock the value of their
investments.
In order to view the full research
kindly click on the link below:
research/GCC-052005.pdf
To view more reports on the Kuwaiti and other markets,
please visit our website:
http://www.globalinv.net
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Research Unit Global Investment House
Tel: 965-2400551 Ext:304
GCC Market Review May 2005
Global Investment House- Kuwait
Tue, 17 May 2005