Middle East ETF News Older than One Year
DP World hits one-month high despite Djibouti row
July 10, 2014--The FTSE NASDAQ Dubai UAE 20 Index finished the second trading week in Ramadan at 4251.56, up by 1.38 per cent, from the previous close.
DP World surged by 1.27 per cent to reach $20, the highest level since June 11. On Wednesday, the Wall Street Journal revealed the government of Djibouti's filing to the
Source: AME Info
Abu Dhabi market advances slightly
July 10, 2014--The ADX General Index gained 0.62 per cent to close at 4,847.14 points on Thursday, July 10.
Like at the DFM in Dubai,, market breadth was neutral. ABNIC gained the most (up by 14.91 per cent to AED4.70), while United Arab Bank hit a limit down, ending 10 per cent lower at AED6.30.
Source: AME Info
Dubai blue chips head northwards again
July 10, 2014--The Dubai equity market index DFMGI closed 1.50 per cent higher at 4,575.09 points on Thursday, July 10.
Market breadth was neutral like yesterday. Emaar Properties jumped 3.77 per cent to AED9.64. Arabtec regained 1.69 per cent to hit AED4.20, as the share is probably on the way to complete a V-shaped reversal pattern.
Source: AME Info
Bahrain bourse hits three-week high
July 10, 2014--After recovering continuously during the week, the Bahrain All-Share Index added 0.03 per cent to reach 1,441.14 points on Thursday, July 10.
Arab Banking Corporation gained 0.70 per cent. Islamic bank Albaraka Banking Group dived 2.38 per cent, finishing the day as the top-losing share. Gérard
Source: AME Info
The Saudi British Bank earns more, shares slip
July 9, 2014--The Riyadh-based Tadawul market added 0.10 per cent on Wednesday, July 9, closing at 9,787.41 points.
SABIC lost likewise 0.10 per cent, ending at SAR117.50. The Saudi British Bank (SABB) declined by 0.40 per cent to hit 49.50. The lender said it earned in the first half of 2014 a net income of SAR2.23 billion...
Source: AME Info
Abu Dhabi developer dips as Asteco releases quarterly report
July 9, 2014--The Abu Dhabi market index ADXGI fell by 0.10 per cent close at 4,840.23 points on Wednesday, July 9.
Aldar Properties declined by 0.28 per cent, finishing at AED3.60. Real estate services agency Asteco revealed earlier in the day, on average, apartment sales in the UAE climbed by four per cent quarter on quarter...
Source: AME Info
Gulf Finance House excites Dubai bourse on Dubailand deal
July 9, 2014--The Dubai equity market index DFMGI finished unchanged at 4,507.93 points on Wednesday, July 9, amid neutral market breadth.
Emaar Properties edged up by 0.76 per cent to close at AED9.29, as investors shrugged off a warning by rating agency Moody's that the UAE's biggest developer was facing oversupply risks. Arabtec ended a six-day gaining...
Source: AME Info
BlueStar Israel Equity Update-July 2014
Israeli Global Equities Firming Up After Consolidation
July 8, 2014--The BlueStar Israel Global Index(TM)("BIGI(R)") rose 2.45% in June after two consecutive monthly declines in April and May.
Israeli Global Equities outperformed most other global equity benchmarks including the S&P 500, while domestic Israeli equities as measured by the TA-100 and MSCI Israel indexes were down in June. Last month we became neutral/bullish on Israeli Global Equities based on firmer technical support and stronger market internals as defined by the ratio of gainers to losers in May. Additionally, market sentiment towards growth, small cap, and technology stocks turned positive in June (for example, the Russell 2000 index rose more than 5% during the month.)
Source: BlueStar Indexes
Egypt posts drop in foreign reserves
July 7, 2014--Egypt's central bank has said the country's foreign reserves dropped to $16.678bn at the end of June from $17.284bn in the previous month, Reuters has reported.
Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak, but rose last year when Gulf Arab states gave billions of dollars of aid after the army...
Source: AME Info
Bank shares stabilize lackluster Abu Dhabi market
July 7, 2014-The Abu Dhabi market index ADXGI advanced by a tiny 0.05 per cent to reach 4,851.85 points on Monday, July 7.
Aldar Properties, the first developer in the UAE capital, fell by 3.20 per cent to AED3.63. Aldar said in a filing to the ADX, the board of directors will meet on July 10 to...
Source: AME Info
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