Middle East ETF News Older than One Year
Egypt bourse to allow trading in ETFs from Jan. 14
January 12, 20155--Egypt's stock exchange will allow trading in Exchange Traded Funds (ETFs) for the first time on Wednesday, as part of efforts to encourage foreign investment and boost liquidity.
ETFs are typically funds that track equity indexes, though they can also track commodities and other assets, with component stocks usually represented in proportion to the size of their market capitalization.
Source: Reuters
Saudi Arabia Fertilizers gains amid stable full-year profit
January 12, 2015--The Tadawul All-Share Index slipped 0.10 per cent to hit 8,436.71 points on Monday, January 12.
Market bellwether SABIC lost 1.86 per cent to SAR77.00. Saudi Arabia Fertilizer Company added 0.33 per cent to reach SAR142.25.
Source: AME Info
NASDAQ Dubai listed shares end with losses
January 12, 2015--The FTSE NASDAQ Dubai UAE 20 Index closed at 3,719.94 points on Monday, January 12, off 0.89 per cent, from the previous close.
Dubai Ports (DP) World finished 0.96 per cent lower at $20.60. Interior design firm Depa Limited slipped 0.40 per cent to $0.508.
Source: AME Info
Al Khaliji Commercial Bank gains on new dividend system
January 12, 2015--The Qatari share index QE 20 fell 0.85 per cent to 11,911.69 points on Monday, January 12.
Qatar Electricity and Water lost 0.54 per cent to QAR185.40.
Source: AME Info
Abu Dhabi market falls in lockstep with Dubai
January 12, 2015--Similar to the Dubai market index DFMGI, the ADX general index lost 0.68 per cent on Monday, January 12.
The gauge closed at 2pm local time at 4,449.43 points.
Source: AME Info
Damac gains on first trading day at Dubai market
January 12, 2015--The Dubai financial market (DFM) index, DFMGI, halted a three-day gaining-streak, closing 0.68 per cent lower to reach 3,749.37 points on Monday, January 12.
DAMAC Properties listed today as the fourth developer on the Dubai market, following an initial public offering (IPO) on the London Stock Exchange (LSE) in December 2013 when the developer of Dubai-based ...
Source: AME Info
Saudi market digests oil price slump
January 8, 2015--Although oil prices stabilised at a low level without showing any hint for a rebound, the Saudi Arabian Tadawull All-Share Index ended 1.86 per cent higher at 8,284.89 points on Thursday, January 8.
Positive market breadth (147 shares advanced, 12 declined) indicated a broad consensus for the rebound of the Riyadh-based market.
Source: AME Info
Bahrain market ends week flat
January 8, 2015--The Bahrain All-Share Index closed even at 1,425.07 points on Thursday, January 8.
Trading remain lacklustre'in Manama. Al Salam Bank Bahrain, an Islamic bank, gained the most (up 4.24 per cent). Bahrain National Holding Company fell by 2.78 per cent, finishing the first trading week of the year as the top decliner.
Source: AME Info
Abu Dhabi bourse recovery gains speed
January 8, 2015--All sector indices with the exception of the energy sector landed in the green in Abu Dhabi on Thursday, January 8.
The ADX general index closed 1.71 per cent higher at 4,500.49 points, back to the level of the end of 2014.
Source: AME Info
Ooredoo gains as on Kuwait court ruling
January 8, 2015-Qatari shares gained across the board on Thursday, January 8, lifting the Qatar Exchange 20 Index by 3.42 per cent to 12,305.52 points.
Ooredoo, formerly Qatar Telecom, added 0.85 per cent to close at QAR118.30.
Source: AME Info
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