Middle East ETF News Older than One Year
MSCI announces list of Qatari Stocks to enter MSCI Emerging Markets Index
May 15, 2014--In a move which will help to attract additional foreign investment to the Qatar Stock Exchange, MSCI announced the final list of Qatari stocks that will join the MSCI Emerging Markets Index upon the upgrade of the Qatari market, which will take effect June 2nd 2014.
The Qatari companies which will be added to the..
Source: AME Info
Ma'aden stands out at Tadawul bourse
May 14, 2014--The Saudi Arabian Tadawul All-Share Index closed insignificantly higher at 9,819.89 points on Wednesday, May 14. Market breadth was neutral like the entire trading action.
Saudi Arabian Mining Company, better known as Ma'aden, was the most liquid share and closed 5.49 per cent high at SAR39.20.
Source: AME Info
Arkan Building Materials soar on strong quarterly earnings
May 14, 2014--The Abu Dhabi equity market index (ADXGI) lost 0.38 per cent to hit 5,015.81 points on Wednesday, May 14. Arkan Building Materials was the top gainer, closing 4.36 per cent higher at AED2.45.
Earlier in the day, the firm revealed that it generated, in the first three months of 2014, a net income of AED13.304...
Source: AME Info
Emaar-day fails to lift Dubai market index
May 14, 2014--Although market bellwether Emaar Properties gained nearly six percent to reach AED10.90, the Dubai Financial Market General Index (DFMGI) fell by 0.16 per cent to close at 5,318.74 points on Wednesday, May 14.
The reason behind the divergence was market breadth, which was negative, as seven shares advanced, while 24 declined in value.
Source: AME Info
Ooredoo shares advances as telecom giant seals $498 million financing
May 14, 2014--The Qatar Exchange 20 Index declined by 0.11 per cent to hit 13,,160.60 points on Wednesday, May 14.
Ooredoo, formerly Qatar Telecom, gained 0.96 per cent to close at QAR147.40. Earlier in the day, Ooredoo announced the signing of three commodity Murabaha facilities for a total of $498 million.
Source: AME Info
Bahrain market extends sideways trading
May 14, 2014--The Bahrain All-Share Index closed flat at 1,468.12 points on Wednesday, May 14.
Share performance was mixed, reflecting no direction among industry sectors. Arab Banking Corporation jumped two per cent to hit $0.77. Bahrain Islamic Bank recorded the biggest drop, finishing off three per cent lower at BHD0.163.
Source: AME Info
SABIC back above SAR120
May 13, 2014--The GCC equity bellwether index Tadawul All-Share Index closed 0.41 per cent higher at 9,816.19 points on Tuesday, May 13.
SABIC was the second most liquid share and edged up by 1.08 per cent to close at SAR120.25. Tihama Advertising & Public Relations Company lost the most, ending down 5.76 per cent at SAR286.25. National ...
Source: AME Info
Arabtec jumps, UPP and Deyaar tumble
May 13, 2014--The Dubai Financial Market General Index (DFMGI) advanced by 2.17 per cent to close at 5,214.25 points on Tuesday, May 13.
Arabtec was the share of the day, as the UAE’s first construction firm gained 11.65 per cent to hit AED7.38. Developer Emaar gained three per cent to reach AED10.30. Emaar rivals Union Properties (UPP) ...
Source: AME Info
Qatar market rallies further ahead of MSCI upgrade
May 13, 2014--The Doha-based QE 20 Index consolidated above 13,000 points by gaining 0.82 per cent to hit 13,174.74 points on Tuesday, May 13.
Bank Emirates NBD in Dubai revealed yesterday (Monday, May 12) that the upcoming upgrade of the Qatari market to emerging market status on June 2 should prove supportive, especially since some tracker funds ...
Source: AME Info
Waha shares fail to benefit from strong first-quarter report
May 13, 2014--Outdoor temperatures in the UAE rose sharply on Tuesday, so did stock prices.
The Abu Dhabi exchange index ADXGI added 0.56 per cent to hit 5,035.19 points on Tuesday, May 13. Union Cement gained the most, finishing 14.39 per cent higher at AED1.51. Aviation and maritime leasing specialist Waha Capital slipped 0.30 per cent to ...
Source: AME Info
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