Middle East ETF News Older than One Year
Qatar Insurance soars as FY net income hits QAR1bn
January 28, 2015--The shares of Qatar Insurance posted the second-highest day gain on Wednesday in Doha, closing 4.28 per cent higher at QAR87.70.
Earlier on Tuesday, the firm said its net profit in 2014 amounted to QAR1bn ($270m), up from QAR753m ($206.80m) in 2013.
Source: AME Info
Egypt growth to be 'easily north of 4%'
January 23, 2015--Egypt can expect economic growth "easily north of 4%" in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices, its finance minister said on Friday.
Hani Dimian also told Reuters in an interview at the World Economic Forum in Davos that the budget deficit for this year would fall to between 10 and 10.5% of gross domestic product, down from 12.5 to 12.6% in 2013-14.
Source: FIN24
Saudi market gains following ECB announcement
January 22, 2015--The Tadawul All-Share Index advanced by 0.33 per cent to close at 8,421.72 points on Thursday, January 22.
A sluggish opening was followed by a last-minute "home run" after the European Central Bank said during the day it would inject up to 1.1 trillion Euros into the union comprising 19 member states and their heterogeneous...
Source: AME Info
Ooredoo slips as Moody's cuts outlook to 'negative'
January 22, 2015--The Qatar Exchange 20 index dived 1.27 per cent to 11,698.86 points on Thursday, January 22.
The gauge fell for the fourth session straight and lost 1.40 per cent over the week.
Source: AME Info
UAE bank shares finish week on a solid note
January 22, 2015-The Dubai financial market (DFM) general index halted a three-day losing streak by closing 0.86 per cent higher at 3,882.93 points on Thursday, January 22.
Its sister market ADX in Abu Dhabi, on the other hand, slipped 0.36 per cent to 4,526.92 points.
Source: AME Info
Kuwait market closed unchanged
January 22, 2015--Sluggish oil prices continued to weigh on the KSE Market Index, which added insignificantly on Thursday, January 22, to reach 6,662.81 points.
Oil (Brent) remained below $50 a barrel at a five-year low despite some upwards momentum.
Source: AME Info
Islamic banks buck Bahrain downtrend
January 21, 2015--The Bahrain All-Share Index declined by 0.18 per cent to 1,433.53 points on Wednesday, January 21.
As the earnings season took a break, so did investors.
Source: AME Info
Doha Bank soars as financial results convince
January 21, 2014--The Qatar Exchange 20 index slipped 0.11 per cent to reach 11,849.63 points on Wednesday, January 21.
Doha Bank jumped 6.14 per cent to QAR58.80 after the lender said its financials for 2014 revealed a net profit of QAR1.354 billion ($351 million) in 2014 compared to a QAR1.313bn ($340.6m) in 2013.
Sourec: AME Info
Etisalat rises to one-month high
January 21, 2015--The Abu Dhabi stock market index continued its careful step-by-step recovery as the gauge finished 0.21 per cent higher at 4,535.40 points on Wednesday, January 21.
Although nine gaining shares were outnumbered by 16 losing stocks, market bellwether Etisalat was the main driver of market support as the first telecom operator and most valuable firm […]view more
Source: AME Info
DP World shares fluctuate above $20
January 20, 2015--The FTSE NASDAQ Dubai UAE 20 Index closed on Tuesday, January 20, down by 0.96 per cent at 3,806.72 points.
Dubai Ports (DP) World was the only listed share posting a price change, finishing off 0.80 per cent at $20.05.
Source: AME Info
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