Middle East ETF News Older than One Year
Tabreed outperforms on successful AED2.6 billion refinancing
January 5, 2015--The Dubai stock market index DFMGI plummeted 3.35 per cent, closing at 3,565.56 points on Monday, January 5.
Shares lost across the board as oil prices fell to a 5.5-year low, weighing on the sentiment across the Gulf region.
Source: AME Info
Roundtable meeting to discuss new financial instruments in Palestine
January 5, 2015--PEX organized a roundtable meeting in Ramallah, attended by a group of businessmen, academics and specialists.
The meeting aimed at discussing the chances of developing new financial instruments compatible with Palestine’s economic conditions. The attendees recommended either equity or real estate mutual funds and raised the need for public education to stimulate its demand.
Source: PEX
Saudi market sinks into the red as the "black gold" loses more of its shine
January 5, 2015--In Riyadh, the Tadawul All-Share Index dived three per cent to close at 8,106.80 points on Monday, January 5.
Only three shares advanced, while 159 declined in value.
Source: AME Info
S&P Dow Jones Indices-Middle East Index Dashboard
December 31, 2014--The markets of the oil-producing countries have endured a horrible final quarter, and December provided little respite. However, and largely due to meteoric rises over the summer months, the record books shall none-the-less recall 2014 as a positive year for Middle Eastern equities..
The positive performance in the S&P Pan Arab Composite Large MidCap was largely due to the Financials sector, which contributed over 4% to the total. A majority of single countries posted gains this year, but special mention is due to Egypt, Qatar, the U.A.E. and Turkey, each of which saw double-digit returns from their equity markets.
Source:S&P Dow Jones Indices
EGX lists first Exchange Traded Fund
December 31, 2014--The Egyptian Exchange approved the listing of the country's first Exchange Traded Fund certificates on Wednesday.
The fund will trade like an ordinary stock, but it rises and falls according to the value of the benchmark EGX30 index, which includes Egypt's top 30 traded companies in terms of liquidity and activity. Its initial value will be LE10 million, according to a Wednesday announcement.
Source: Mada Masr
The Palestine Exchange modifies the Al-Quds Index composition for the year 2015
December 29, 2014--The Palestine Exchange (PEX) announced the new composition of the Al-QUDS INDEX for the year 2015 to take affect as of the 4th of January, 2015.
The index includes 15 out of 49 listed companies. The selected companies represent 82% of total Market Cap as of the 15th of December 2014.
Source: Palestine Exchange (PEX)
Bank of Israel Holds Rate at Record Low as Economy Picks Up
December 29, 2014-The Bank of Israel left its benchmark rate unchanged at a record low as the economy shows signs of recovering from the summer war in the Gaza Strip.
The bank raised its economic growth forecasts for this year and next.
The monetary policy panel, led by Governor Karnit Flug, kept borrowing costs at 0.25 percent today.
Source: Bloomberg
UAE regulator approves allocation
December 24, 2014--The markets regulator said on Tuesday it has approved the allocation account system dedicated for the trades of institutional investors to energise markets,
diversify trades and increase liquidity.
Souce: zawya.com
DFM, Egyptian Clearing Co sign agreement to promote dual listing
December 26, 2014--The Dubai Financial Market said that it has entered into an agreement with Misr for Central Clearing, Depository and Registry (MCDR) to promote dual listing of shares.
The agreement will also reinforce collaboration on various areas including dual and multi listing of securities and sharing of capital market expertise, particularly on training and improving skills and proficiency of capital market employees and participants in both countries.
Source: Zawya.com
Saudi investors ignore budget deficit warnings (as yet)
December 25, 2014--The Riyadh-based Tadawul market added 0.57 per cent to reach 8,749.34 points on Thursday, December 25, amid a slightly positive market breadth.
Eighty shares advanced, while 74 declined in value.
Source: AME Info
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