Feb. 4--DIC SHARES MOVING SIDEWAYS: Dubai International Capital's share price continued to move sideways during trading today on the Dubai Finance Market. Finance house Mac Capital expects this fluctuation to continue between the levels of Dhs0.89 and Dhs1, stating that any movement either side of those prices will indicate clear trend for the stock. Arabtec Holding continued to fall and met both Mac Capital's lower targets of Dhs1 and Dhs0.80 and still remains bearish. Sorouh and Aldar continued their bearish moves -- any rise in the market is considered as the best opportunity to exit.

KSA STOCK MARKET UNCHANGED: The Riyadh stock market closed almost unchanged, advancing by an insignificant 0.1 percent at 4,794.56 percent. The insurance sector outperfomed the market and emerged as the big winner, advancing by 3.73 percent: Allianz SF (up 9.89 percent), Saqr Insurance (9.70 percent higher) and Walaa Insurance (gaining 7.50 percent) were on top of the charts. Investors dumped predominantly industry shares, among them Emaar The Econonic City which retreated by 3.98 percent.

MUSCAT STOCK MARKET CLOSES 1.03 PERCENT LOWER: The Omani MSM-30 Index closed 1.03 percent lower at 5,635.30 points. Only eight securities were traded, one closed higher, five declined and two remained unchanged. National Finance and Bank Muscat advanced 2.56 percent and 1.24 percent, respectively.

DOHA EXCHANGE JUMPS 2.54 PERCENT: The Qatari DSM General Index rebounded by 2.54 percent at 5,140.24 points on significant higher volumes. A total of 29 stocks advanced, five declined and three closed unchanged. Al Khaliji Commercial Bank closed 8.49 percent higher, Qatar Islamic Bank was up 3.7 percent and International Islamic Bank advanced 3.41 percent. The highest loss among the five biggest drops stood only at 1.35 percent (Qatar Navigation).

ABU DHABI EXCHANGE LOSES 0.39 PERCENT: The ADX General Index closed at 2,137.15 points, approaching a critical support line of around 2,100 points. Volumes remained low, while advancing and declining stocks stood at 10:13. Seven securities remained unchanged. Foodco Holding closed 9.65 percent higher, ahead of Bank of Sharjah (up 3.36 percent). The banking and insurance sectors both closed 0.80 percent and 0.19 percent lower respectively. Investors sold Methaq Insurance (down 8.04 percent) and Abu Dhabi Islamic Bank (6.30 percent lower) in particular.

DGCX TO POSTPONE PLASTICS FUTURES LAUNCH: Dubai Gold & Commodities Exchange announced today that the launch of its plastics futures contract is to be postponed.