august 31 2006 global gcc weekly market report markets summary stock ended the week in a negative territory as saudi & qatari continued to head further down this was second for those two register losses despite positive performance enjoyed by their regional peers subsequently large cap 30 index shed 1 41 percent while investable 100 lost 03 nymex crude oil trading at us 70 40 barrel on new york mercantile exchange thursday afternoon 00 from last s close ipo news gulf navigation holding announced allocation percentages its recently concluded of aed910mn conducted pro rata basis awarded subscribers first tranche 273mn shares with 50 33 applied 637mn received 23 65 subscription closed 07 collecting aed3 1bn being oversubscribed 3 5 times company founding general meeting will convene september 14 elect eleven member
