Middle East ETF News Older than One Year
Gulf General soars on insurance products' approval
May 1, 2014-- The Riyadh-based Tadawul All Share Index advanced by 0.78 per cent to reach 9,660.13 points on Thursday, May 1.
Gulf General Insurance Cooperative Insurance jumped by 5.46 per cent to hit SAR47.50. Earlier in the day, the firm revealed that the Saudi Arabian Central Bank has temporarily approved the use of insurance products for the coming
Source: AME Info
Abu Dhabi developers march upwards on labour day
May 1, 2014--The Abu Dhabi market index (ADXGI) lost by 0.53 per cent to close at 5,044.62 points on Wednesday, April 30.
Eshraq Properties was the most liquid shared and edged up by 3.27 per cent to hit AED2.21. Aldar Properties, the biggest developer in the UAE capital, advanced by the same degree and closed at AED4.15.
Source: AME Info
Du net income slightly higher in first quarter
May 1, 2014--Dubai Financial Market General Index (DFMGI) advanced by 0.38 per cent to 5,078.37 points on Thursday, May 1.
The shares of Emirates Integrated Telecommunication Corporation, also known as du, fell by 1.17 per cent to AED5.90. Since January 1, du shares have lost by approximately 11.26 per cent. Earlier in the day, the UAE's second
Source: AME Info
Al Khalij Commercial Bank gains on better credit rating
May 1, 2014-- In line with the generally positive trend at global stock markets, the Doha-based Qatar market index (QE 20) ended up by 0.40 per cent to 12,727.64 points on Thursday, May 1.
Al Khalij Commercial Bank gained 1.35 per cent to reach QAR22.60. Earlier in the day, Al Khaliji revealed that Fitch Ratings upgraded its long-term..
Source: AME Info
Saudi Automotive Services announces cash dividend
April 30, 2014--The Tadawul All-Share Index advanced by 0.23 per cent to 9, 585.22 points on Wednesday, April 30.
Saudi Automotive Services Company (SASCO) slipped by 0.10 per cent to SAR30.50. Earlier in the day, SASCO revealed that it will release the cash dividends, starting on Sunday, May 25, through Al Rajhi Bank. The annual general assembly held ...
Source: AME Info
Bank of Sharjah edges up, reports 13 per cent higher net profit
April 30, 2014--The Abu Dhabi market index (ADXGI) lost by 0.53 per cent to close at 5,044.62 points on Wednesday, April 30.
Fish producer Asmak lost the most, heading down by 10 per cent to AED6.31. National Corporation for Tourism and Hotels was the top gainer, closing 9.47 per cent higher at AED7.05. Abu Dhabi’s 150-plus hotels ...
Source: AME Info
Emaar bucks Dubai market correction
April 30, 2014--The Dubai Financial Market General Index (DFMGI) fell by 0.51 per cent to 5, 058.95 points on Wednesday, April 30.
Financial stocks mostly weighed the gauge, as Ajman Bank lost the most (down by5.11 per cent) and Shuaa Capital (down by 3.58 per cent), finishing among those shares with the biggest day loss. The exchange’s bellwether ...
Source: AME Info
Qatari blue chips lift Doha market
April 30, 2014--Breaking a four-day losing streak, the Qatar market index (QE 20) fell by 0.55 per cent to 12, 626.95 points on Wednesday, April 30.
Developer Mazaya Qatar gained the most for the second day straight, closing 6.46 per cent higher at QAR21.08. Industries Qatar, the market's bellwether with a weight of more than 22 per cent ...
Source: AME Info
Bahrain market ends April on a high note
April 30, 2014--The Manama-based Bahrain market index (BASI) gained 0.12 per cent to reach 1,427.33 points on Wednesday, April 30.
In April, the gauge recovered most of the losses suffered during the first quarter, as it gained 4.56 per cent during the month. Cinema gained the most on Wednesday, closing 3.85 per cent higher at BHD1.35.
Source: AME Info
Egyptian bourse grants Beltone Financial first ETF licence
April 29, 2014--Beltone Financial has received from Egypt's stock exchange the country's first licence for exchange traded funds (ETF), with trading set to commence within six weeks, Reuters has reported.
"The infrastructure and the regulations relating to the index funds are ready for work and within six weeks we can see trading of index funds papers on the bourse," said the bourse's head, Mohamed Omran. Beltone Financial was the first company to express interest in ETFs, which are listed investment funds, and is launching a fund called XT-Misr that mirrors the performance of the country's EGX 30 stock index.
Source: AME Info
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