Middle East ETF News Older than One Year
Abu Dhabi market bounces back
March 18, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) added 1.96 per cent to close at 4,824.96 points on Tuesday, March 18. Eshraq Properties was the most liquid share, closing 2.60 per cent to hit AED2.37.
Since the start of the year, the developer's share has been trading in a narrow range of AED2.50. Arkan Bulding ...
Source: AME Info
Emaar shares approach AED10
March 18, 2014--The Dubai Financial Market General Index (DFMGI) gained 2.66 per cent, closing at 4,234.29 points on Tuesday, March 18. Emaar Properties jumped 5.41 per cent to reach AED9.75.
On Monday, Emaar unveiled luxury apartments in BLVD (Boulevard) Crescent, a residential development in the heart of Downtown Dubai. BLVD Crescent features two towers of 39 and...
Source: AME Info
National Gas and Industrialization Company gains on dividend news
March 18, 2014--The Tadawul All Share Index fell by 0.40 per cent to 9,331.69 points on Tuesday, March 18. SABIC declined by 0.65 per cent to SAR115.50. National Gas and Industrialization rose by 1.10 per cent to reach SAR27.80.
Earlier in the day, the board of directors of National Gas and Industrialization Company has recommended the distribution...
Source: AME Info
Dubai Ports World slip ahead of annual results
March 17, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 2.24 per cent higher at 3,909.69 on Monday, March 17. NASDAQ Dubai-listed shares of Dubai Ports World ended down one per cent at $17.89.
The world's third biggest port operator will announce its annual financial results for 2013 on Thursday, March 20. DEPA Limited, a Dubai-based interior...
Source: AME Info
Crimea dispute felt at Riyadh bourse
March 17, 2014--The Tadawul All Share Index closed 0.12 per cent lower at 9,368.03 points on Monday, March 17, after the EU and the US threatened sanctions against Russia after the people of Crimea overwhelmingly voted in favour of joining the Russian Federation on Sunday, March 16.
Market's bellwether SABIC closed unchanged at SAR116.
Source: AME Info
Dubai bourse buoyant on Emaar and Arabtec
March 17, 2014--The Dubai Financial Market General Index (DFMGI) gained 1.63 per cent, closing at 4,124.77 points on Monday, March 17.
Arabtec Holding, the biggest construction firm in the Middle East region, surged by 6.41 per cent to AED5.15. Emaar added 1.65 per cent to AED9.25. Gulf Finance House, an Islamic bank based out of Bahrain, lost...
Source: AME Info
Gulf Livestock net income increases by 45 per cent
March 17, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) gained 1.96 per cent to close at 4,824.96 points on Sunday, March 17.
Gulf Livestock Company closed even at AED6.98. Earlier in the day, the firm said its net comprehensive income for 2013 amounted to AED42.86 million ($11.67m), up from AED29.51m ($8.04m) in the previous year.
Source: AME Info
CBQ shareholders okay dividends with bonus shares of 20 per cent
March 17, 2014--The Qatar Exchange 20 Index closed 0.62 per cent higher at 11,401.65 points on Monday, March 17.
The shares of Commercial Bank of Qatar (CBQ) closed flat at QAR75.50. Earlier in the day, the lender said the annual general assembly approved the board of directors’ recommendation to distribute a cash dividend of 20 per cent..
Source: AME Info
Egypt introduces new rules for index, real estate funds
March 15, 2014--The Egyptian Financial Supervisory Authority (EFSA) has issued new rules to facilitate the creation of index and real estate funds, as well as amendments to margin trading rules, as part of efforts to attract capital back to the stock market, Reuters has reported.
The changes would increase liquidity in the market and draw more local...
Source: AME Info
Kuwait bourse to be big fish in small pond as others upgraded
March 13, 2014--Qatar, UAE move to MSCI's emerging index in May
This will leave Kuwait by far the biggest frontier market
May attract some $700 million of additional money
Some investors starting to buy NBK, Zain in anticipation
Uncertainty persists over economy, regulation
Kuwait's stock market suffered a blow to its prestige last year when global index compiler MSCI decided to upgrade Qatar and the United Arab Emirates, leaving Kuwait languishing in a lower category. Being left behind may prove profitable for investors in Kuwaiti shares, however.
Source: Reuters
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