Middle East ETF News Older than One Year
Dubai shares dive on sluggish Eurozone perspective, US congress vote
November 5, 2014--The Dubai financial market general index (DFMGI) plummeted 3.26 per cent to hit 4,400.80 points on Wednesday, November 5, representing a three-week low.
Two shares advanced, while 12 declined. Investors quit after the Euro commission significantly lowered its growth forecasts for the 18 Eurozone member states on Tuesday, and after the opposition, the Republicans, in
Source: AME Info
Etisalat shares whether the storm
November 5, 2014--Like nearly all global market indices on Wednesday, the Abu Dhabi general index ADXGI closed 2.41 per cent lower at 4,830.74 points on November 5.
RAK White Cement lost the most, finishing off 9.78 per cent at AED1.66. Abu Dhabi Ship Building surged 8.93 per cent to reach AED2.44. Market bellwether Emirates Telecommunication Corporation, better...
Source: AME Info
Bahrain Bourse opens post-Ashura trading with losses
November 5, 2014--The Bahrain All-Share Index ended off 0.17 per cent at 1,443.82 points on Wednesday, November 5 which marked the first trading session after the market was closed for two days on the occasion of the Shia Muslim Ashura feast.
Bahrain Duty Free Complex was the top gainer 1.18 percent to hit BD0.86. Aluminium Bahrain closed...
Source: AME Info
Aafaq-Islamic Finance begins transacting on NASDAQ Dubai Murabaha Platform for Islamic financing
November 3, 2014--Company and its clients benefit from efficiency and speed of processing
Total transactions on platform have reached more than AED 21 billion
Aafaq-Islamic Finance, a UAE-based leading Sharia'a-compliant financial institution, has carried out its first transaction on the NASDAQ Dubai Murabaha Platform, which provides Islamic financing services to a rapidly growing number of individual and institutional customers.
Officially launched in April 2014, the platform has completed a total of more than AED 21 billion of transactions. It was set up by NASDAQ Dubai jointly with Emirates Islamic and is playing a key role in Dubai's growth as the Capital of the Islamic Economy globally.
Source: NASDAQ Dubai
Abu Dhabi blue chip shares keep market momentum up
November 3, 2014--The Abu Dhabi general index ADXGI gained for the second day straight on Monday, November 3, closing 0.46 per cent higher at 4,950.26 points.
Foodco Company gained the most, ending up 10.80 per cent at AED3.99. Aldar Properties added 0.91 per cent to hit AED3.32. National Bank of Abu Dhabi or NBAD gained 1.85 per
Source: AME Info
Dubai market yoyo trading continues
November 3, 2014--After starting the month with modest gains on Sunday, the Dubai financial market general index (DFMGI) retreated again and slipped 0.84 per cent to close at 4,577.39 points on Monday, November 3.
Banks came under pressure, in particular, as the end of quantitative easing in the US signals that the end of ultra-low interest rates...
Source: AME Info
Doha Bank advances ahead of EGM
November 3, 2014--The Doha-based Qatar Exchange (QE) 20 Index gained 1.15 per cent to hit 13,780.59 points on Monday, November 3.
Doha Bank added 0.20 per cent to close at QAR59. Earlier in the day, the fifth biggest lender in relation to assets in the gas-rich Gulf state said it will hold its extraordinary general meeting (EGM)
Source: AME Info
S&P Dow Jones Indices-Middle East Index Dashboard-October 2014
October 31, 2014--Against a backdrop of falling oil prices, a strengthening dollar and increased global equity volatility, the S&P Pan Arab Composite LargeMid index fell by around 6% during October.
While the majority of regional single-country equity indices fell, it was not all bad news. The S&P Turkey BMI bounced back gamely from a poor September, delivering an impressive 10% return.
view the S&P Dow Jones Indices-Middle East Index Dashboard-October 2014 report
Source: S&P Dow Jones Indices
DP World remains stuck below $20
October 30, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 2.74 per cent lower at 4,198.24 points on Thursday, October 30.
Dubai Ports (DP) World lost 1.74 per cent to $19.16.
Source: AME Info
Qatar market plummets two per cent
October 30, 2014--The Doha-based Qatar Exchange (QE) 20 Index closed Thursday, October 30, at 13,498.86 points.
During the last trading week of the month, the gauge gained insignificantly. Developer Barwa gained against the trend, closing 2.63 per cent higher at QAR42.95.
Source: AME Info
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