Middle East ETF News Older than One Year
SA stocks retreat from record highs
July 17, 2014--South African stocks have retreated from record highs,
unmoved by the SA Reserve Bank's rate hike decision as concerns about valuation weighed on sentiment.
Source: AME Info
"Eid booking" kicks off at Tadawul market
July 17, 2014--Ten days before the end of Ramadan, the Tadawul All-Share Index closed 0.25 per cent lower at 9,786.58 points.
Yesterday, the bourse announced it will shut down trading from Friday, July 25th to August 2nd to mark Eid ul-Fitr, the festivities on the oaccasion of the end of fasting, Ramadan, in the Islamic world.
Source: AME Info
Dana Gas shares hammered in latest Kurdistan row
July 17, 2014--The Abu Dhabi market index ADXGI crossed the level at 5,000 points on Thursday, July 17, as the gauge closed 0.96 per cent higher at 5,033.18 points.
GCC markets advanced despite weak input from bourses in East Asia and Europe in the wake of increased diplomatic tensions between Russia and the USA due to the...
Source: AME Info
Temporary suspension of Arabtec no obstacle for Dubai bourse
July 17, 2014--The Dubai stock market DFM gained for the seventh (!) session straight on Thursday, July 17, closing 0.91 per cent higher at 4,900 points.
Earlier in the day, the DFM management suspended Arabtec Holding from trading as it said it was seeking clarification from the UAE's first construction firm on media reports about strategic partners’ ...
Source: AME Info
Doha Insurance jumps on S&P rating hike
July 17, 2014--The Qatar Exchange 20 Index gained for the fourth day straight, closing 0.84 per cent higher at 13,284.65 points on Thursday, July 17.
Doha Insurance closed 8 per cent higher at QAR27.65. Earlier in the day, Standard and Poor's Ratings Services raised the insurer's financial strength...
Source: AME Info
IFA Hotels and Resorts bucks fickle Kuwait trend
July 17, 2014--The Kuwait Stock Exchange (KSE) Market index lost slightly to close at 7,097.04 points on Thursday, July 17.
IFA Hotels and Resorts jumped 11.24 per cent to hit KD0.198. Zima Holding dived 22.66 per cent, finishing at KD0.099.
Source: AME Info
Qatar index hits 13,000 on earning expectations
July 16, 2014--Qatar bourse advanced broadly yesterday to hit the 13,000
mark on earnings expectations.
Source: Zawya.com
Kuwait bourse sheds 53.93 pts; volume dips
July 16, 2014--Kuwait stocks headed south on Tuesday, extending the losses to second straight session.
The market slid 53.93 points to 7,105.18 pts weighed by banks and other heavyweights.
Source: Zawya.com
UAE bourses merger shelved as terms not agreed: sources
July 10, 2014--A planned merger of the Dubai Financial Market DFM.DU and the Abu Dhabi Securities Exchange (ADX) has been shelved for the foreseeable future as terms for the politically sensitive move could not be agreed, sources told Reuters on Thursday.
Having been mooted for a number of years, a merger of the DFM and the ADX seemed to take an important step closer last year as investment banks were hired to advise on a tie-up-a move revealed by Reuters last October
Source: Reuters
Tadawul market adds 1.20 per cent over the week
July 10, 2014--The Riyadh-based Tadawul All-Share Index advanced 0.16 per cent to reach 9,803.29 points on Thursday, July 10.
Saudi Arabia Refineries Company was the top gainer as the share closed 5.24 per cent higher to hit SAR80.50. Gulf Union plummeted by 9.91 per cent to SAR28.90. The Saudi Arabian Capital Market Authority today imposed a fine
Source: AME Info
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