Middle East ETF News Older than One Year
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
Qatar's United Development Company plummets, reports higher net income
October 27, 2014--The Doha-based Qatar Exchange (QE) 20 Index fell by 0.43 per cent to 13,486.12 points on Monday, October 27.
United Development Company (UDC) lost seven per cent to reach QAR26.65. Earlier in the day, the developer of the Pearl Qatar said its net income in the period from January to September amounted to QAR559 million […]
Source: AME Info
Union National Bank slips as profit growth remains behind peers
October 27, 2014--The Abu Dhabi stock market index ADXGI closed 0.50 per cent higher, finishing at 4,893.93 points on Monday, October 27.
Sharjah Cement and Industrial Development recorded the biggest advance, ending 9.26 per cent higher at AED1.18. Union National Bank or UNB declined by 0.44 per cent to AED6.82.
Source: AME Info
Dubai market remains in yoyo mode
October 27, 2014--The Dubai Financial Market General Index failed to sustain the rebound from Sunday and closed 1.36 per cent lower at 4,625.21 points on Monday, October 27.
Emaar Properties fell by 0.95 per cent to AED10.40. Its subsidiary Emaar Malls Group closed 2.20 per cent lower at AED3.15. Mashreq Bank bucked the trend and closed flat.
Source: AME Info
DEPA shares hit 11-month low
October 2, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 1.61 per cent lower at 4,555.66 points on Thursday, October 2.
Dubai-based interior design firm Depa Limited dived 8.43 per cent to $0.57, the lowest level since November 2011.
Source: AME Info
Lackluster Abu Dhabi exchange dips
October 2, 2014--The Abu Dhabi market index ADXGI fell by 0.37 per cent to 5,111.25 points on Thursday, October 2.
Ras al-Khaima Cement Company gained the most, closing 7.40 per cent higher at AED1.31. Market bellwether Etisalat, the most valuable UAE firm and telecom leader, closed unchanged at AEE11.65.
Source: AME Info
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