Middle East ETF News Older than One Year
UAE markets end rollercoaster week on weak note
October 30, 2014--The Dubai Financial Market General Index (DFMGI) and the Abu Dhabi general index, on Thursday, October 30, lost 1.66 per cent and 1.80 per cent, respectively, closing at 4,545.39 points and 4.861.45 points.
On Wednesday, the US Federal Reserve announced that it would halt Quantitative Easing (QE), the policy of liquidity injection it started in
Source: AME Info
Qatari fuel giant Woqod, earns slightly more in nine-month period
October 29, 2014--Doha-listed shares gained across the board on Wednesday, October 29, lifting the market index QE 20 higher by one per cent to 13,775.89 points.
The shares of Qatar Fuel Company or Woqod (Arabic for petrol) slipped 0.05 per cent to QAR215.20.
Source: AME Info
Emaar The Economic City outperforms and disappoints Saudi bourse
October 29, 2014--The Tadawul All-Share Index closed 0.8 per cent lower at 10,081.96 points, on Wednesday, October 29.
Emaar The Econmic City (EEC) slipped 0.23 per cent to hit SAR17.55. Earlier in the day, the developer of the King Abdullah Economic City (KAEC), a 168 million sqm development, situated on the Red Sea coast, said its net income in...
Source: AME Info
Dubai market gives up early advances again
October 29, 2014--Like in the previous days, the DFM General Index DFMGI opened more than one per cent higher, but eventually lost steam and finished 0.10 per cent lower at 4,622.11 points on Wednesday, October 29.
While market leader Emaar Properties was unchanged, the shares of construction giant Arabtec, as the most liquid stock, fell by 1.40...
Source: AME Info
Bahrain Islamic Bank on the move
October 28, 2014--The Manama market measure added 0.18 per cent to reach 1,439.42 points on Wednesday, October 29.
Bahrain Islamic Bank (BISP) gained the most, closing 3.92 per cent higher at BHD0.159. Earlier in the day, BISP said it earned a net income of BHD3.8 million ($10.11m), up from a net loss of BHD20.8m ($55.33m) in the...
Source: AME Info
Ooredoo gains despite stagnant profit growth
October 28, 204--The Doha-based Qatar Exchange (QE) 20 Index advanced 1.20 per cent to reach 13,647.84 points on Tuesday, October 28. Ooredoo, formerly Qatar Telecom, lost 1.03 per cent to QAR124.50.
Earlier in the day, the first telecom firm on the gas-rich country said its net profit in the first nine-month period of 2014 advanced by 0.5
Source: AME Info
National Bank of Abu Dhabi slips as profit growth remains behind peers
October 28, 2014--The Abu Dhabi stock market index ADXGI closed 0.10 per cent higher at 4,898.34 points on Monday, October 28.
The UAE capital's first lender National Bank of Abu Dhabi (NBAD) finished flat at AED14.15. Earlier in the day, NBAD said its net profit for the period from January to September 2014 amounted to AED4.2 billion...
Source: AME Info
Dubai shares perform mixed, market ends flat
October 28, 2014--The shares of DFM, the only Arab bourse whose shares are floated, lost 1.10 per cent to AED2.82.
Source: AME Info
SABIC, IMF comments weigh on Saudi market
October 27, 2014--The Tadawul All-Share Index lost 1.16 per cent on Monday, October 27, closing at 10,194.42 points.
Market bellwether SABIC finished off 1.30 per cent at SAR113.25. Earlier on late Sunday, the world's first producer of petrochemical products said it recorded a drop in profits of 4.5 per cent in Q3 2014.
Source: AME Info
Lackluster Manama market
October 27,2014--The Bahrain All-Share Index ended 0.10 per cent higher at 1,438.53 points on Monday, October 27.
Bahrain Telecom or Batelco closed flat at BHD0.34. Earlier in the day, Batelco said that it has signed a sponsorship agreement with BTECH (Bahrain Technology Companies Society) to be the exclusive telecom partner at the upcoming Meet ICT event.
Source: AME Infio
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