Egypt stock indexes fell during the week's trading, and its market capitalization lost about 19.4 billion pounds 2.54 million $ on the back of the government's continuing disregard to` make any adjustments on the stock tax.
Sameh Gharib, Chairman of the Technical Research Department at "Roots" for financial exchange, said: " the first week's trading came in various form dominated by calm, but on the contrary, the end of the week's trading was in the form of sharp fall, in which the index exceeds level of 8550 points down and also trading ended at below the support level of 8317 points, but this is not a breakthrough for it. "
" Gharib " added in a telephone conversation with "Mubasher": "support level becomes 8124 point and it is the focus of our attention over the next week, as it will determine whether we are still in the episodic movement in the medium term between the level of 8124 points, and the level of 10,000 points, or there is a change in the direction of the market in the medium term. "
Dubai Financial Market witnessed a negative performance during the second week of May, to continue its losses for the second week in a row, losing about 31 points which dropped it to the level of 4,072.68 points, due to direct pressure of the real estate sector led by Arabtec, which affected the results of the company for the first quarter.
Wadah Al Taha, analyst in financial markets said that the UAE markets are moving with the recent period, based on technical analysis, in general, and not according to the fundamentals of companies.
Al-Taha said to "Mubasher" Liquidity levels have experienced high volatility throughout the week sessions, as a large part of which focuses on stocks outside the index, pointing out that there may be a part of certain levels of liquidity waiting to enter.
The Kuwait Stock Exchange indices fell during the weekly trading in conjunction with the delayed outs of listed companies, and results advertising with continued profit-taking and put pressure on cheap stocks, according to analysts.
"Adnan al-Dulaimi" accredited analyst to the capital markets and general manager of Mena Financial Advisors said: " A state of concern dominated on traders during the week due to the delay of nearly 60 companies for holding its outs and 70 companies for its quarterly results."
"al-Dulaimi," explained in an interview with "Mubasher": "The concern of traders mainly based in the current period on the fear of suspensions about companies that did not announce its findings by the end of the first quarter, and late generalities for companies, which could lead to difficult decisions for the shareholders."
In contrast, the general index of Abu Dhabi market managed to rise during the second week of May, after five green sessions, supported by the positive performance of the shares of real estate and banks.
Wadah Al Taha said to "Mubasher": The current levels may allow more highs, but the levels of liquidity may not help the market to create an upward trend.
And the general index of the Saudi market came back to rise during the week, after a short break in the previous week, adding 13.6 points to its stock, with the support of the "banks" sector, which came within 6 high sectors compared to falling other 9 sectors such as petrochemicals, telecommunications and real estate development.
The general index of the Stock Exchange of Qatar has achieved weekly gain exceeded 230 points, went up to the level of 12515.86 points, with direct support from the real estate and insurance.
"the index was able to close within the 12500 to the 12550 level, but it closed below them and with high liquidity the index maintain a higher level than 12,500 for the coming sessions."
The general index for «Muscat Securities Market» rose during the week's trading, the index reached the first rise after significant two declines in a row gaining of 44.2 points to reach the level of 6361 points, compared to 6317 points by the end of the previous week's gains thanks to blue chip stocks, and by support of the financial sector.