Middle East ETF News Older than One Year
Egypt 'likely' to miss economic growth target
March 10, 2014--Egyptian minister of planning and international cooperation, Ashraf El-Arabi has said the country's economy is likely to grow less than the government's target of at least 3% because of political turmoil, Bloomberg has reported.
The minister said he hopes that gross domestic product growth will exceed 2% in the fiscal year that ends in June.
Source: AME Info
Zero-dividend round pulls Dar Al-Arkan shares down
March 10, 2014--The Tadawul All Share Index closed 0.10 per cent lower at 9,343.78 points on Monday, March 10.
Dar Alarkan Real Estate Development Company (DAAR) lost by four per cent to reach SAR12. Earlier in the day, DAAR revealed..
Source: AME Info
Kuwait Stock Exchange struggles to retain key support level
March 10, 2014--The KSE market index fell by 0.31 per cent to end at 7,491.86 points on Monday, March 10.
In the past seven days, the gauge has been trading at approximately 7,530 points, a key support level that was successfully tested on December 29, 2013. National Bank of Kuwait lost slightly, ending at KWD0.930.
Source: AME Info
Qatar exchange shrugs off IMF warnings
March 10, 2014--The QE 20 Index gained 0.60 per cent to close at 11,710.94 points on Monday, March 10.
Earlier in the day, the IMF revealed that Qatar might face higher costs for hiring foreign workers due to alleged reports about deaths of migrant workers in construction sites, as reported by Arab News.
Source: AME Info
Arabtec saves the day at Dubai market
March 10, 2014--The Dubai Financial Market General Index (DFMGI) traded in the red for most part of the day on Monday, March 11, but eventually closed 0.22 per cent higher at 4,149.81 points.
Emaar Properties fell by 0.90 per cent to AED8.93. Earlier in the day, Emaar revealed that it has unveiled the second phase of the...
Source: AME Info
Abu Dhabi market investors dump Dana Gas shares
March 10, 29014--The Abu Dhabi Securities Exchange General Index (ADXGI) lost for the third session straight, closing one per cent lower at 4,828.75 points on Monday, March 10.
Dana Gas dived 3.57 per cent to AED0.81. First Gulf Bank (FGB) lost 2.40 per cent to reach AED16.55. Earlier in the day, the third biggest lender by market...
Source: AME Info
Tadawul market rises amid lower market depth
March 7, 2014--The Tadawul All Share Index advanced 0.96 per cent to close at 9,248.82 points on Thursday, March 6 maid moderate trading volumes.
SABIC gained 0.22 per cent to close at SAR114.75. Aldrees Petroleum and Transportation Company lost 3.95 per cent to SAR38.90.
Source: AME Info
Bahrain bourse advances for the third consecutive day
March 6, 2014--The Bahrain All Share Index gained 0.27 per cent to end at 1,373.27 points on Thursday, March 6.
Bahrain Telecom (Batelco) added 3.75 per cent, to reach BD0.332 (top gainer). Bahrain Duty Free fell by 4.88 per cent to BD0.78.
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Source: AME Info
Qatar exchange rebounds strongly as government eases GCC tensions
Earlier in the day, the Qatari government said in response to the three Gulf states’-the UAE, Saudi Arabia and Bahrain- decision to call back their ambassadors to Doha, that it will not retaliate by withdrawing its...
Source: AME Info
Airport fog hits Abu Dhabi market
Earlier in the day, scores of flights had to be diverted from Abu Dhabi international airport to other airports in the region after dense fog paralysed the civil aviation hub and most rods...
Source: AME Info
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March 6, 2014--The QE 20 Index jumped by 2.30 per cent to 11,607.03 points on Thursday, March 6.
March 6, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) fell by 1.12 per cent to close at 4,882.79 points on Thursday, March 6.
