Middle East ETF News Older than One Year
Market-Most major Gulf markets gain, Abu Dhabi bucks the trend
August 8, 2019--Saudi Arabian stocks gained on Thursday as oil prices rose,while most Gulf markets recovered from a recent sell-off.
Oil futures rose more than $1 a barrel on Thursday, recovering half the nearly 5% lost the day before, on expectations that lower prices may lead to production cuts.
Source: Zawya.com
Saudi Tadawul to start last phase of MSCI inclusion on August 28
August 8, 2019--The Saudi Stock Exchange (Tadawul) will start the second and last phase of MSCI inclusion on Wednesday, 28 August, based on closing prices of 27 August, according to MSCI Equity Indexes August 2019 Index Review issued late Wednesday.
The inclusion will increase the weight of Saudi Arabian securities from 1.45% to 2.83% in the MSCI Emerging Markets Index.
Source: Zawya.com
Mideast Stocks: Gulf markets bounce back as trade war simmers down
August 7, 2019--Gulf stocks rebounded from their recent losses on Tuesday as markets' renewed fears about an escalating global trade war eased, with Beijing stepping in to stabilise the yuan and Washington dismissing fears of a lengthy trade war with China.
Source: Zawya.com
Mideast Stocks: Major Gulf markets sag on escalating U.S.-China trade war
August 6, 2019--Major Middle Eastern stock markets fell on Tuesday, led lower by financial stocks and mirroring losses in global markets triggered by the U.S. calling China a currency manipulator in a rapid escalation of the trade war between the two countries.
Source: Zawya.com
Mideast Stocks: Trade war rattles Gulf stocks, Qatar slips to worst day in two years
August 5, 2019--Gulf stock markets tumbled on Monday and Qatar suffered its biggest single-day loss as a new war of trade between the United States and China drove investors towards safer assets.
Investors are also cashing in their positions ahead of a religious holiday starting from Sunday.
Source: Zawya.com
Mideast Stocks-Weighed down by bank stocks, Saudi market dips after U.S. rate cut
August 4, 2019-- Saudi Arabian equities declined on Sunday, weighed down by banking shares, in line with major markets on Friday after the U.S. Federal Reserve cut interest rates, which was followed by rate cuts by most Gulf central banks.
Source: Zawya.com
Boursa Kuwait's indices level up in July; liquidity record $3.21bln
August 2, 2019--The Kuwaiti indices grew in July, as the All-Share Market index gained 284.53 points, or 4.88%, to 6,116.66 points.
Last month, the Premier Market index went up by 367.06 points, or 5.76%, to 6,744.08 points.
Source: Zawya.com
Mideast Stocks: Gulf markets tumble after Fed dashes hopes for more rate cuts
August 1, 21019--Saudi's index was down 0.8% with Samba Financial Group slumping 4%.
Gulf stocks dropped on Thursday after the U.S. Federal Reserve cut interest rates by 25 basis points but, significantly, signalled the move may not mark the beginning of a long easing cycle.
Source: Zawya.com
Mideast Stocks: Gulf shares dip as Fed hints no further rate cuts
August 1, 2019--Major Gulf stock markets fell on Thursday after the U.S. Federal Reserve cut interest rates by 25 basis points but, significantly, signalled the move may not mark the beginning of a long easing cycle.
Markets had been looking for the Fed to signal more cuts were coming.
Source: Zawya.com
Mideast Stocks: Saudi shares rise as NCB gains; financials weigh on Qatar
July 31, 2019--Saudi stocks rose on Wednesday as the earnings at National Commercial Bank boosted financial stocks. However, financial shares weighed down the Qatar market.
Saudi's index edged up 0.1%. The country's biggest bank, National Commercial Ban,, gained 0.7% after posting a 24% rise in second-quarter profit, helped by higher fee and commission income and lower expenses.
Source: Zawya.com
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