Middle East ETF News Older than One Year


Qatar Islamic Bank gains on Zain co-financing

April 3, 2014--The Qatar Exchange 20 Index advanced by 0.37 per cent to 11,983.87 points on Thursday, April 3.

Qatar Islamic Bank (QIB) gained 0.94 per cent, reaching QAR75.50. Earlier in the day, QIB said it participated in a $250 million Murabaha syndicated Finance to Zain.

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Source: AME Info


Citigroup report boosts Dubai market

April 3, 2014-The Dubai bourse finished the week with the fifth gaining session in a row, as the Dubai Financial Market General Index (DMFGI) closed 0.92 per

cent higher at 4,618.28 points on Thursday, April 3.

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Source: AME Info


SABIC keeps lacklustre Saudi bourse afloat

April 2, 2014--The Tadawul All-Share Index closed 0.29 per cent higher at 9,537.83 points on Wednesday, April 2, amid moderate trading turnover.

SABIC advanced 0.21 per cent to SAR118.25. Saudi Kayan Petrochemical Company advanced 0.90 per cent to SAR16.90. National Industrialization Company recorded the biggest drop, ending down by 4.42 per cent to reach SAR32.40.

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Source: AME Info


Kuwait bourse closes slightly higher

April 2, 2014--The KSE market index advanced by 0.16 per cent, closing at 7,570.52 points on Wednesday, April 2.

Al-Nawadi Holding jumped by 8.77 per cent to KWD0.124. National Bank of Kuwait, the biggest lender in the northern Gulf state, closed unchanged at KWD1. Gulf Franchising Holding dived by 9.3 per cent to KWD0.078.

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Source: AME Info


Arabtec in the focus at Dubai market amid top level reshuffle

April 2, 2014--The Dubai Financial Market General Index (DFMGI) gained for the fourth consecutive session closing 1.23 per cent higher at 4,576.31 points on Wednesday, April 2.

Emaar slipped by 0.50 per cent to AED10.05. Arabtec Holding jumped by two per cent to AED6.14. Earlier in the day, Arabtec said it appointed Dr Nabil Ailabouni as CEO...

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Source: AME Info


Abu Dhabi Ship Building gains as its annual net profit soars

April 2, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) closed flat at 4,955.12 points on Wednesday, April 2.

Abu Dhabi Ship Building (ADSB) gained 1.30 per cent to AED3.93. Earlier in the day, ADSB said its consolidated net profit in 2013 reached AED51 million ($13.9m), up from AED29m ($7.91m). Dana Gas was the most liquid gaining...

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Source: AME Info


Qatar market shrugs off diplomatic skirmish with the UAE and Saudi Arabia

April 2, 2014--The Qatar Exchange 20 Index advanced by 0.29 per cent to 11,939.95 points on Wednesday, April 2.

The market's bellwether Industries Qatar lost 1.17 per cent to QAR186.30. Qatar Oman jumped by 7.35 per cent to QAR13. Qatar Investors Group dived 2.12 per cent to QAR55.50.

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Source: AME Info


National Bank of Fujairah gets investment grade rating

April 1, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) gained 1.22 per cent to close at 4,954.22 points on Tuesday, April 1.

Invest AD, a market outlook published earlier today by Abu Dhabi Investment Company, states: "A number of GCC companies are showing solid underlying growth, and a burst of new projects and investments announced in...

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Source: AME Info


Qatar market flirts with 12,000 points ahead of Q1 earnings season

April 1, 2014--The Qatar Exchange 20 Index jumped 2.29 per cent to 11,905.94 points on Tuesday, April 1.

Gulf Warehousing Co gained the most, finishing 10 per cent (limit up) higher at QAR46.65. Al Ahli Bank recorded the biggest drop, finishing 2.16 per cent lower at QAR49.90. Qatar Islamic Bank (QIB) added 1.90 per cent to QAR74.90.

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Source: AME Info


Arab Banking Corporation tops Bahrain market

April 1, 2014--The Bahrain All-Share Index gained for the third day straight, ending 0.24 per cent higher at 1,356.91 points on Tuesday, April 1.

Arab Banking Corporation (ABC) closed up by four per cent at BHD0.20. Bahrain Telecom was the biggest loser, ending down by 2.37 per cent at BHD0.33.

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Source: AME Info


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