Middle East ETF News Older than One Year
Bargain hunters lift Dubai market
September 11, 2014--The Dubai Financial Market General Index (DFMGI) hit a three-week low yesterday, the gauge rebounded by one per cent to reach 4,961.03 points on Thursday, September 11.
Earlier in the week, US chart guru Ralph Acampora said at the Euromoney Kuwait conference that he expects a strong fourth quarter for stock markets "as midterm election"..
Source: AME Info
DP World consolidates above $20
September 11, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed at 4,615.730 today, up by 60.430, or 1.33 per cent, from the previous close.
Market bellwether Dubai Ports World added 0.11 per cent to reach $20.15. Bahrain-based Islamic bank Al Baraka Banking Group jumped 7.80 per cent, finishing at $0.90.
Source: AME info
Developers soar in Abu Dhabi
September 11, 2014--The Abu Dhabi equity market index ADXGI advanced by 1.26 per cent to close at 5,180.23 points on Thursday, September 11.
Aldar Properties surged by 2.30 per cent to reach AED4.02.
Source: AME info
Arabtec offload rumours send share price tumbling
September 11, 2014--Aabar's reported threat of selling 100 million shares sparks ten per cent drop.
Source: AMEinfo
Saudi market falls in lockstep with oil
September 10, 2014--The Tadawul All-Share Index declined by 0.11 per cent to 11,137.25 points on Wednesday, September 10.
SABIC fell by 0.16 per cent to SAR135. Oil prices (DME Oman crude) fell by 8.15 per cent since June 1 2014.
Source: AMEinfo
Dubai bourse rises to 5,000, Shuaa Capital hits 1.5-month low
September 8, 2014--A fresh flow of project announcement lifted the Dubai Financial Market General Index by 1.11 per cent to reach 5,090.76 points on Monday, September 8.
Emaar added 1.80 per cent to close at AED11.45, while construction giant Arabtec ended up by 1.93 per cent to AED4.76.
Source: AME Info
Doha exchange rises, while FIFA receives Qatar 2022 investigative report
September 8, 2014--The Qatar Exchange shrugged off worries about a renewed discussion on whether or not the gas-rich Gulf state will hold the 2022 FIFA World Cup as the first Arab nation.
The QE 20 Index rose 0.62 per cent to hit 13,968.91 points on Monday, September 8.
Source: AME Info
Bahrain shares dumped, index falls below key resistance level
September 8, 20154--The Manama-based Bahrain All-Share Index declined by 0.30 per cent to reach 1,467.25 points.
Since August 10, the resistance level has been tested three times and, with today's trading action, the sentiment turned bearish. Arab Banking Corporation lost 2.80 per cent to hit $0.700. Bahrain Telecom closed flat at BHD0.36.
Source: AME Info
Saudi Real Estate Company gains on dividends announcement
September 8, 2014--The Tadawul All-Share Index surged 1.43 per cent to reach 11,143.82 points on Monday, September 7.
Saudi Real Estate Company advanced by 1.43 per cent to reach SAR48.80.
Source: AME info
While oil prices drop, Abu Dhabi bourse rises
September 8, 2014--The Abu Dhabi stock market gauge ADXGI closed 0.52 per cent higher at 5,187.75 points on Monday, September 8.
Investors demanded National Bank of Umm Al-Qaiwain (up by 7.70 per cent) and fish producer Asmak (5.27 per cent higher). Oil prices of DME Oman crude fell below $100 on Monday, closing $1.77 lower at $98.40.
Source: AME Info
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