Middle East ETF News Older than One Year
Emaar falls the most at sluggish Dubai market
January 6, 2015--Ongoing selling pressure pulled the Dubai equity market index DFMGI down by 3.24 per cent to 3,450.00 points on Tuesday, January 6.
The continued fall of the oil price to a 5.5-year low and the decline of the Euro amid new "Grexit" fears triggered worries at global stock markets about the pace of the world
Source: AME Info
Abu Dhabi blue chips plummet as oil crash starts to bite
January 6, 2015--The ADX general fell for the third session straight on Tuesday, January 6, closing 2.66 per cent lower 4,311.89 points.
The price of the "black gold" still failed to find a bottom, falling by over two per cent to trade below 49 dollars (WTI).
Source: AME Info
ADCB in port terminal financing deal, shares slip
January 5, 2015--The Abu Dhabi equity market gauge ADXGI lost 0.47 per cent lower at 4,429.79 points on Monday, January 5.
Abu Dhabi Commercial Bank (ADCB), the third biggest lender in the UAE capital, was off 0.90 per cent at AED6.59.
Source: AME Info
GFH in the spot light as bank wins court cases
January 5, 2015--The Bahrain All-Share Index fell by 0.231 per cent to hit 1,422.13 points on Monday, January 5.
Gulf Finance House or GFH closed even at $0.19.
Source: AME Info
Qatari shares lose across the board
January 5, 2015--The QE 20 Index dived 1.91 per cent to 11,995.67 points on Monday, January 5, as oil fell further to a 5.5 year low, weighing on the sentiment in the GCC.
General Insurance gained the most (up 6.94 per cent at QAR57), while market bellwether Industries Qatar lost 0.60 per cent to finish at QAR167.
Source: AME Info
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
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