Middle East ETF News Older than One Year
Lacklustre Tadawul bourse closes unchanged
April 16, 2014--The Riyadh-based Tadawul All Share Index finished flat at 9,504.33 points on Wednesday, April 16.
After hawkish comments by NATO general secretary, Anders Fogh Rasmussen, on ongoing border tensions between the Ukraine and the Russian Federation, investors swapped gold and oil for equity.
Source: AME Info
Dubai market cheers DIB's opening for foreign investors
April 16, 2014--The Dubai Financial Market General Index (DFMGI) finished a rollercoaster trading session 0.90 per cent higher at 4,728.38 points on Wednesday, April 16.
Dubai Islamic Bank (DIB) was the share of the day, which gained 2.60 per cent, reaching AED6.31. Earlier in the day, the oldest Islamic bank (founded in 1975) in the Gulf Arab...
Source: AME Info
Abu Dhabi market rises in lockstep with Dubai bourse
April 16, 2014--Like the Dubai market DFM, the Abu Dhabi market index ADXGI closed 0.45 per cent higher at 5,108.75 points on Wednesday, April 16.
Eshraq Properties and Aldar Properties were the most liquid shares and gained 5.24 per cent and 1.95 per cent, respectively. Ras al-Khaima Properties closed even. Abu Dhabi Ship Building lost the most...
Source: AME Info
National Bank of Bahrain convinces market with Q1 results
April 16, 2014--The Bahrain All Share Index regained 0.30 per cent to reach 1,380.03 points on Wednesday, April 16.
National Bank of Bahrain (NBB) advanced by 2.74 per cent to BD0.75. Earlier in the day, NBB said its net income in the first three months of this year rose by 12.1 per cent over the same period...
Source: AME Info
Vodafone Qatar tops bullish Doha bourse
April 16, 2014--The Qatar Exchange (QE) 20 Index extended its rebound on Wednesday, April 16, closing 1.07 per cent higher at 12,453.86 points.
Earlier in the week, the Korean ambassador to Qatar Keejong Chung, paid a visit to the QE, during which he met with the CEO Rashid bin Ali Al-Mansoori to discuss the prospects of...
Source: AME Info
Bank AlJazira gets nod to issue bonus shares
April 15, 2014--The Riyadh-based Tadawul All Share Index gained 0.63 per cent, hitting 9,505.03 points on Tuesday, April 15.
Market breadth turned back into positive territory as 113 shares advanced, while 28 declined. Bank AlJazira gained 0.47 per cent to hit SAR42.50. Earlier in the day, the Saudi Arabian capital market authority said it approved...
Source: AME Info
Abu Dhabi market falls for third session straight
April 15, 2014--The Abu Dhabi market index ADXGI ended 0.95 per cent lower at 5,085.63 points on Tuesday, April 15.
Earlier last week, Hong Kong-based investment guru Dr Marc Faber, said he expected a global stock market crash this year, like in 1987, "but worse", amid overheated stock indices.
Source: AME Info
Fickle bank shares lower Dubai market
April 15, 2014--The Dubai Financial Market General Index (DFMGI) fell by 1.61 per cent to 4,686.29 points amid low trading volumes on Tuesday, April 15.
Islamic insurances firm Takaful Emarat gained the most, edging up by 3.42 per cent to hit AED0.907. However, bank shares weighed on the market amid ongoing worries geopolitical tensions in Eastern Europe...
Source: AME Info
Bahrain market falls for fourth consecutive session
April 15, 2015--The Bahrain All Share Index declined by 0.23 per cent to 1,375.99 points on Tuesday, April 15.
Not a single listed share posted a price increase. Al Salam Bank Bahrain fell the most-off by 1.85 per cent at BHD0.212-while its Islamic rival Al Baraka Banking Group closed even.
Source: AME Info
Qatar Islamic Bank rating upgrade to 'stable'
April 15, 2014--The Qatar Exchange (QE) 20 Index rebounded Tuesday, April 15, closing at 12,321.89 points.
Market bellwether Industries Qatar advanced 1.67 per cent to QAR183. Qatar Islamic Bank (QIB) lost 0.9 per cent to QAR78. Earlier in the day, QIB said in a filing to the bourse that Cyprus-based rating agency Capital Intelligence reaffirmed by its
Source: AME Info
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