Middle East ETF News Older than One Year
Saudi stabilises after tumble on fiscal fears, Egypt moves little
October 28, 2015--Saudi Arabia's stock market stabilised early on Wednesday after a plunge on the previous day
because of fears that the government might tighten fiscal policy considerably.
Source: Zawya.com
Saudi Arabia Considers Launching IPO ETFs
October 28, 2015--The Saudi Stock Exchange is "interacting very closely" with Morgan Stanley Capital International (MSCI) on the inclusion in investment indices, according to Bloomberg.
It has been reported that Adel Saleh Al-Ghamdi, chief executive officer of the Saudi Stock Exchange, is considering the option of launching Initial Public Offering (IPO) ETFs in an attempt to stimulate foreign investor participation in the Saudi financial markets.
Source: emergingequity.org
Gulf mkts consolidate; Dubai real estate firms weak
October 27, 2015--Gulf stock markets consolidated in modest volumes early on Tuesday, dampened by weak oil prices
and global equities.
Source: Zawya.com
Planned stock listings in Abu Dhabi held back by conditions
October 26, 2015--New listings on the Abu Dhabi Securities Exchange may take a while until market conditions improve,
its chief executive said.
Source: Zawya.com
Gulf markets edge down on Saudi concerns
October 26, 2015--Gulf stock markets edged down in early trade on Monday as investors remain concerned about the outlook for the Saudi Arabian market,
where shares have been falling because of concern about next year's state budget.
Source: Zawya.com
Egyptian equities' investors look for a sign
October 25, 2015--Egyptian equities continued their downswing and extended their losses for the year, down
nearly 20 percent down on a year-to-date basis and 28.6 percent from their February peak.
Source: Zawya.com
Market edges up with inception of quarterly earnings-Report
October 23, 2015--The KSE Indices closed in positive as the market witnessed quarterly earnings announcements.
The KSE Index closed at 5,780.76 up 49.50 points as the index reported gains at the beginning of the week, the first three trading sessions recorded 73.66 points, an economic report said.
Source: KUNA
Gulf markets edge down amid oil worries
October 22, 2015--Gulf stocks edged down early on Thursday as worries about the impact of low oil prices on the region continued to deter fresh buying,
even in wealthy countries relatively well insulated from cheap oil such as the United Arab Emirates and Qatar.
Source: Zawya.com
Morningstar Downgrades Morocco To Frontier Market Status
October 22, 2015--Troubling news for Morocco as Morningstar announced that they will be reclassifying the North African economy's position from "emerging market "to "frontier market" status.
According to Sanjay Arya, head of Morningstar Indexes, the rationale behind this demotion is due to a relatively large drop in liquidity over the past few years, consequently declining to levels below the minimum liquidity standards required to remain classified as an "emerging market".
Source: emergingequity.org
Dubai hits two-week low, other Gulf markets slip
October 21, 2015--Dubai's stock index slumped to a two-week low in early Wednesday trade as the prolonged drop
in oil prices weighs on prices across the market.
Source: Zawya
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