Provided by 7DAYS.ae
It looks so easy, doesn't it? Invest some money in the stock market, wait a few weeks or months and watch those share prices rise while calculating all the handsome profit you are making. It's so easy, in fact, that anyone can do it and become extremely rich. Well, we shall see
With so many people talking about the global credit crunch, the rampant inflation and the spiralling cost of rent and food across the country, 7DAYS has decided to bring you a little light relief and launch a fantasy share challenge that's so easy that, well, even a cat could take part. With dhs100,000 of fantasy cash provided to each of our competitors to invest in four companies - dhs25,000 in each of their choices listed on the Dubai Financial Market - we shall chart their profits or losses over the coming months to see just how well they do.
Each week the contestant's share portfolio will be added up and we'll bring you the total of their individual shares and of their whole portfolio. We want to see just how much skill, and how much luck, is needed to play the stock market successfully. Taking part in the challenge will be financial expert Khaled Kurdieh, CEO of Mashreq Securities, financial advisor Graham Wolverson, the rare talent of 7DAYS Business Reporter Tom Daly and 11-year-old Dubai schoolgirl Megna Kuver.
And just to prove how easy share selection can be, Chalky, the Editor's cat, has also been coerced into taking part. The winner of the competition will be the contestant who manages to show the most profit at the end of the three-month time limit. Their reward - a dhs2,000 cash prize to be donated to a charity of their choice.
With reputations to be made, jobs on the line (especially our own business reporter's) and fortunes to be had, let battle commence. May the best man, girl or cat choose wisely.
Khaled W Kurdieh
Chief Executive Officer, Mashreq Securities, Mashreq
Khaled Kurdieh joined Mashreq in 2006 as the Chief Executive Officer of Mashreq Securities LLC. Khaled is responsible for developing and managing Mashreq's domestic and regional equity brokerage business which consists of two main divisions; institutional and retail.A Khaled's main focus is on building lasting business relationships with investors, partners and affiliates and to guide his team of 30 professionals in managing institutional and High Net Worth relationships both regionally and internationally.
Prior to joining Mashreq Securities as their Chief Executive Officer, Khaled was the Director and Head of TAIB Securities, a subsidiary of TAIB Bank Bahrain from 2003-2006.
1. Tamweel
Proxy for real estate sector growth in UAE and now Egypt.
2. Deyaar
Proxy for strength in commercial real estate prices in Dubai
3. ArabTec
Capitalising on infrastructure spending and should perform well
4. DFM
Direct beneficiary of stock market growth
Graham Wolverson
Independent financial advisor
After serving 14 years in the military as an engineer, Graham did a resettlement course with an insurance company and joined them as a Financial Advisor in 1989. He took work with them in Germany and still works with four of his former colleagues today.
He became an independent financial advisor in 1992 and remained working in Europe until he arrived in Dubai in 2004 to work with Holborn Assets. Stock picking is unusual as he would normally be choosing mutual funds and for much longer periods than a few weeks!
1. DUBAI ISLAMIC BANK
Growing portfolio and as an Islamic bank, it will not be too affected by the global markets. reasonable price.
2. AMLAK
As it is Islamic compliant, world markets should affect it less and it has a direct interest in real estate.
3. DUBAI INVESTMENTS
It's a conglomerate making profits from property and industry with a good track record.
4. SHUAA
There is speculation that they are going to make an announcement that will attract a lot of interest.
TOM DALY
Business reporter, 7days
Tom has come in from the cold after spending a number of years in Russia. The talented linguist, who speaks five languages, is determined to win the competition. Should Tom not do well there's a good chance of unemployment.
1. Union Properties
Someone has to cash in on the property boom. Union Properties is the one.
2. Dubai Investments
A good portfolio - they choose their companies wisely, so I hope I am wise in backing them.
3. Air Arabia
Everyone loves a cheap flight. I expect the share price to rise gradually.
4. Du
A young company with impressive figures so far and well placed to profit in the near future.
Megna Kuverji pupil at Jumeirah Primary school
Megna Kuverji, aged 11, attends Jumeirah Primary School and is involved with Biz Kids - a group for youngsters aimed at encouraging their business minds. Biz Kids has its own management structure and business plans.
1. EMAAR Properties
We live in an EMAAR property and it is very good and well made. So I think the company will make lots of money.
2. TAMWEEL
I saw an advertising billboard on my way to school and it had something about TAMWEEL on it. It was a good advert.
3. Air Arabia
I was looking in the business papers and saw Air Arabia in there. I've already read about them so I feel I know a bit about the company.
4. Mashreq Bank
My family has a credit card with this bank so it must be good.
CHALKY
The editor's cat
Chalky, the Editor's cat, is a six-year-old black tomcat. He was born in a Dubai bin but now shares a flat with the 7DAYS Editor. He makes a living from yowling very loudly in the vicinity of his feeding bowl and spends most of his time asleep. His knowledge of business is limited.
1. Tabreed
I've no idea what they do but the name reminds me of a cute tabby I know.
2. DUBAI REFRESHMENTS
I like food. So does every other cat I know, so surely these guys are raking it in.
3. DUBAI Insurance
I'm running out of those nine lives I started with. Even cats need insurance.
4. du
I don't know why. My paw landed there - can I go to sleep now?
[c] 2007 Al Sidra Media LLC
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