Middle East ETF News Older than One Year
BlueStar Israel Equity Update-December 2014
December 3, 2014--Shekel Weakness Masks Equity Gains
We believe that Israeli equities have largely discounted the economic impact of this summers’ war with Hamas.
Shekel denominated share prices have rebounded and there is ample technical evidence of a bottoming out in the prices of financial stocks. This process will likely continue through Q4 earnings season during which we expect to see weakfish results due to the lingering economic impact of the war.
Source: BlueStar
Bargain hunters lift Saudi bourse
December 1, 2014--The Tadawul All-Share Index advanced 1.11 per cent to reach 8,720.42 points on Monday, December 1.
SABIC edged up by 0.85 per cent to close at SRA89.
Source :AME Info
Doha Bank up as shareholders okay purchase of HSBC Oman's India unit
December 1, 2014--The Qatar Exchange 20 Index recovered 0.75 per cent as shares gained across the board with the exception of industrials and transport.
Doha Bank added 0.50 per cent to hit QAR59.50.
Source: AME Info
Abu Dhabi-listed blue chips stabilise market index ahead of National Day
December 1, 2014--The ADX General Index fell by 0.16 per cent on Monday, December 1, less than in the days before as heavyweights edged up.
The first lender in the emirate, National Bank of Abu Dhabi, jumped 4.60 per cent to hit AED13.75.
Source: AME Info
Dubai market hits five-month low
December 1, 2014--The day after its first listing session, education and healthcare provider Amanat, with a surge of 11.40 per cent, was the top gainer at the Dubai Financial Market (DFM).
The DFM General Index dropped by 2.23 per cent to hit 4,186.11 points on Monday, December 1, stepping out of the lower Bollinger band for the...
Source: FIN24
S&P Dow Jones Indices-Middle East Index Dashboard-November 2014
November 28, 2014--Energy dominated the headlines into month end as OPEC failed to agree to a cut in production and WTI Crude Oil prices responded with a drop below USD 70 per barrel.
Crude oil has now fallen by over a third in price since the summer, at the time of writing, WTI crude is down a further 8% today.
With the plummet in oil prices, Middle East equities have suffered. The S&P Pan Arab Composite LargeMidCap fell by over 6%, giving back over a third of its year-to-date gains.
Source: S&P Dow Jones Indices
Saudi shares fall the fourth session straight
November 27, 2014--The Tadawul All-Share Index declined by 0.30 per cent to 9,055.63 points on Thursday, November 27, representing the lowest level of the gauge in eight months.
Earlier in the day, the OPEC member states agreed to leave the output of 30 million barrels per day unchanged.
Source: AME Info
NASDAQ DUBAI index lifted by DFM shares
November 27, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed at 4,264.510 today,
up 0.76 per cent, from the previous close.
Source: AME Info
Qatar Exchange index falls to one-month low
November 27, 2014--The QE 20 Index closed at a low at 13,330.93 points on Thursday, November 27. Over the week, the gauge slashed 3.7 per cent.
Today, shares lost across all sectors, with United Development Company (UDC) losing the most. The developer of the man-made island The Pearl Qatar closed 5.65 per cent to QAR25.90.
Source: AME Info
Bargain hunters take their picks in Dubai, Abu Dhabi declines further
November 27, 2014--The Dubai financial market (DFM) closed a roller coaster week 1.15 per cent higher at 4,494.73 points on Thursday, November 27.
Over the last trading week in November, the gauge lost two per cent in value. Arabtec Construction jumped 6.15 per cent to hit AED3.97.
Source: AME Info
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